GITNUX REPORT 2024

Global Epoxy Resin Industry: Market Value, Trends, and Projections

Exploring the Lucrative Epoxy Resin Industry: Market Growth, Application Trends, and Global Projections.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The paints & coatings application segment accounted for the largest revenue share of 34.5% in 2021

Statistic 2

The wind energy sector is expected to be the fastest-growing application segment for epoxy resins

Statistic 3

The global epoxy adhesives market size was valued at USD 6.5 billion in 2020

Statistic 4

The marine coatings segment of epoxy resins is projected to reach USD 2.1 billion by 2025

Statistic 5

The epoxy floor coating market is projected to reach USD 1.5 billion by 2025

Statistic 6

The global epoxy adhesive market is expected to reach USD 10.2 billion by 2027

Statistic 7

The global epoxy putty market size was valued at USD 310 million in 2020

Statistic 8

The global epoxy composite market for wind turbine blades is expected to reach USD 5.5 billion by 2025

Statistic 9

The global epoxy resin 3D printing market size was valued at USD 65 million in 2020

Statistic 10

The global epoxy resin-based paints market is expected to reach USD 11.7 billion by 2027

Statistic 11

The global epoxy resin market for printed circuit boards was valued at USD 1.5 billion in 2020

Statistic 12

The global epoxy resin market for composites is expected to reach USD 4.5 billion by 2025

Statistic 13

The global epoxy resin market for electronic encapsulation was valued at USD 1.2 billion in 2020

Statistic 14

The global epoxy resin market for wind turbine blades is expected to reach USD 3.5 billion by 2025

Statistic 15

The global epoxy resin market for aerospace composites was valued at USD 550 million in 2020

Statistic 16

The global epoxy resin market for automotive composites is expected to reach USD 2.3 billion by 2025

Statistic 17

The global epoxy resin market for marine coatings was valued at USD 1.8 billion in 2020

Statistic 18

The global epoxy resin market for electrical laminates is expected to reach USD 2.7 billion by 2025

Statistic 19

The global epoxy resin market for powder coatings was valued at USD 1.3 billion in 2020

Statistic 20

The global epoxy resin market for adhesives in the automotive industry is expected to reach USD 1.9 billion by 2025

Statistic 21

The global epoxy resin market for electronic potting compounds was valued at USD 950 million in 2020

Statistic 22

The automotive & transportation end-use segment is projected to grow at a CAGR of 7.2% from 2022 to 2030

Statistic 23

The aerospace industry uses approximately 20% of all advanced epoxy resins produced

Statistic 24

The electronic components end-use segment is expected to grow at a CAGR of 6.8% from 2021 to 2028

Statistic 25

The construction industry accounts for approximately 30% of global epoxy resin consumption

Statistic 26

The aerospace & defense sector is expected to consume over 40,000 tons of epoxy resins annually by 2025

Statistic 27

The wind energy sector is expected to consume over 100,000 tons of epoxy resins annually by 2025

Statistic 28

The automotive industry uses approximately 15% of all epoxy resins produced globally

Statistic 29

The electrical & electronics end-use segment accounted for 18% of the global epoxy resin market in 2020

Statistic 30

The marine industry consumes approximately 8% of global epoxy resin production

Statistic 31

The furniture industry accounts for approximately 5% of global epoxy resin consumption

Statistic 32

The packaging industry uses approximately 3% of global epoxy resin production

Statistic 33

The sports and leisure industry accounts for approximately 2% of global epoxy resin consumption

Statistic 34

The renewable energy sector (excluding wind) uses approximately 4% of global epoxy resin production

Statistic 35

The medical and healthcare industry accounts for approximately 1.5% of global epoxy resin consumption

Statistic 36

The aerospace and defense industry is expected to consume over 50,000 tons of epoxy resins annually by 2025

Statistic 37

The global epoxy resin market size was valued at USD 9.9 billion in 2021

Statistic 38

The epoxy resin market is expected to grow at a CAGR of 6.5% from 2022 to 2030

Statistic 39

The global epoxy composite market size is expected to reach USD 38.3 billion by 2027

Statistic 40

The global epoxy curing agents market size was valued at USD 4.1 billion in 2020

Statistic 41

Bisphenol A-based epoxy resins accounted for over 75% of the global epoxy resin market in 2021

Statistic 42

Water-based epoxy resins are expected to witness the highest growth rate due to environmental regulations

Statistic 43

The global bio-based epoxy resins market size was valued at USD 62.5 million in 2020

Statistic 44

The global epoxy resin production capacity was approximately 3.5 million tons in 2020

Statistic 45

China is the largest producer of epoxy resins, accounting for about 40% of global production

Statistic 46

Asia Pacific dominated the epoxy resin market with a share of 44.5% in 2021

Statistic 47

The epoxy resin market in India is expected to grow at a CAGR of 7.2% from 2021 to 2026

Statistic 48

The epoxy resin market in Germany was valued at EUR 450 million in 2020

Statistic 49

The epoxy resin market in Japan is projected to grow at a CAGR of 5.5% from 2021 to 2026

Statistic 50

The epoxy resin market in Brazil is expected to grow at a CAGR of 6.8% from 2021 to 2026

Statistic 51

The epoxy resin market in South Korea is projected to reach USD 800 million by 2026

Statistic 52

The epoxy resin market in Russia is expected to grow at a CAGR of 5.2% from 2021 to 2026

Statistic 53

The epoxy resin market in Mexico is projected to reach USD 350 million by 2026

Statistic 54

The epoxy resin market in Canada is expected to grow at a CAGR of 5.8% from 2021 to 2026

Statistic 55

The epoxy resin market in Australia is projected to reach USD 300 million by 2026

Statistic 56

The epoxy resin market in Turkey is expected to grow at a CAGR of 6.5% from 2021 to 2026

Statistic 57

The epoxy resin market in South Africa is projected to reach USD 150 million by 2026

Statistic 58

The epoxy resin market in Indonesia is expected to grow at a CAGR of 7.5% from 2021 to 2026

Statistic 59

The epoxy resin market in Saudi Arabia is projected to reach USD 200 million by 2026

Statistic 60

The epoxy resin market in Vietnam is expected to grow at a CAGR of 8.2% from 2021 to 2026

Statistic 61

The epoxy resin market in the United Arab Emirates is projected to reach USD 180 million by 2026

Statistic 62

The epoxy resin market in Thailand is expected to grow at a CAGR of 6.9% from 2021 to 2026

Statistic 63

The epoxy resin market in Malaysia is projected to reach USD 250 million by 2026

Statistic 64

The epoxy resin market in Argentina is expected to grow at a CAGR of 5.5% from 2021 to 2026

Share:FacebookLinkedIn
Sources

Our Reports have been cited by:

Trust Badges

Summary

  • The global epoxy resin market size was valued at USD 9.9 billion in 2021
  • The epoxy resin market is expected to grow at a CAGR of 6.5% from 2022 to 2030
  • Asia Pacific dominated the epoxy resin market with a share of 44.5% in 2021
  • The paints & coatings application segment accounted for the largest revenue share of 34.5% in 2021
  • The wind energy sector is expected to be the fastest-growing application segment for epoxy resins
  • Bisphenol A-based epoxy resins accounted for over 75% of the global epoxy resin market in 2021
  • The automotive & transportation end-use segment is projected to grow at a CAGR of 7.2% from 2022 to 2030
  • The global epoxy resin production capacity was approximately 3.5 million tons in 2020
  • China is the largest producer of epoxy resins, accounting for about 40% of global production
  • The aerospace industry uses approximately 20% of all advanced epoxy resins produced
  • The global epoxy adhesives market size was valued at USD 6.5 billion in 2020
  • The electronic components end-use segment is expected to grow at a CAGR of 6.8% from 2021 to 2028
  • Water-based epoxy resins are expected to witness the highest growth rate due to environmental regulations
  • The marine coatings segment of epoxy resins is projected to reach USD 2.1 billion by 2025
  • The epoxy resin market in India is expected to grow at a CAGR of 7.2% from 2021 to 2026

In a world where innovative solutions pave the way for progress, the epoxy resin industry stands tall, its market size soaring at an impressive USD 9.9 billion in 2021 and projected to grow at a captivating CAGR of 6.5% from 2022 to 2030. As Asia Pacific reigns supreme with a commanding 44.5% share, the winds of change propel sectors like wind energy to unprecedented heights, while Bisphenol A-based epoxy resins continue to hold court over 75% of the market. Join us as we dive into an epoxy-coated adventure of statistics, from Chinas epoxy empire to the aerospace industrys insatiable thirst for these remarkable resins, where even the skies may soon be painted with epoxy dreams.

Application Segments

  • The paints & coatings application segment accounted for the largest revenue share of 34.5% in 2021
  • The wind energy sector is expected to be the fastest-growing application segment for epoxy resins
  • The global epoxy adhesives market size was valued at USD 6.5 billion in 2020
  • The marine coatings segment of epoxy resins is projected to reach USD 2.1 billion by 2025
  • The epoxy floor coating market is projected to reach USD 1.5 billion by 2025
  • The global epoxy adhesive market is expected to reach USD 10.2 billion by 2027
  • The global epoxy putty market size was valued at USD 310 million in 2020
  • The global epoxy composite market for wind turbine blades is expected to reach USD 5.5 billion by 2025
  • The global epoxy resin 3D printing market size was valued at USD 65 million in 2020
  • The global epoxy resin-based paints market is expected to reach USD 11.7 billion by 2027
  • The global epoxy resin market for printed circuit boards was valued at USD 1.5 billion in 2020
  • The global epoxy resin market for composites is expected to reach USD 4.5 billion by 2025
  • The global epoxy resin market for electronic encapsulation was valued at USD 1.2 billion in 2020
  • The global epoxy resin market for wind turbine blades is expected to reach USD 3.5 billion by 2025
  • The global epoxy resin market for aerospace composites was valued at USD 550 million in 2020
  • The global epoxy resin market for automotive composites is expected to reach USD 2.3 billion by 2025
  • The global epoxy resin market for marine coatings was valued at USD 1.8 billion in 2020
  • The global epoxy resin market for electrical laminates is expected to reach USD 2.7 billion by 2025
  • The global epoxy resin market for powder coatings was valued at USD 1.3 billion in 2020
  • The global epoxy resin market for adhesives in the automotive industry is expected to reach USD 1.9 billion by 2025
  • The global epoxy resin market for electronic potting compounds was valued at USD 950 million in 2020

Interpretation

The epoxy resin industry is riding a wave of innovation and growth across various sectors, resembling a colorful masterpiece emerging from a mixing pot of possibilities. Just as the wind energy sector spins its way to becoming the fastest-growing application segment, the industry as a whole is sticking together like a robust epoxy adhesive, poised to reach new heights of revenue by 2027. With marine coatings setting sail towards billion-dollar horizons and 3D printing adding a touch of modern artistry, it's clear that these versatile resins are not only shaping the future but also proving to be the glue that holds together the global economy in a colorful and dynamic way.

End-Use Industries

  • The automotive & transportation end-use segment is projected to grow at a CAGR of 7.2% from 2022 to 2030
  • The aerospace industry uses approximately 20% of all advanced epoxy resins produced
  • The electronic components end-use segment is expected to grow at a CAGR of 6.8% from 2021 to 2028
  • The construction industry accounts for approximately 30% of global epoxy resin consumption
  • The aerospace & defense sector is expected to consume over 40,000 tons of epoxy resins annually by 2025
  • The wind energy sector is expected to consume over 100,000 tons of epoxy resins annually by 2025
  • The automotive industry uses approximately 15% of all epoxy resins produced globally
  • The electrical & electronics end-use segment accounted for 18% of the global epoxy resin market in 2020
  • The marine industry consumes approximately 8% of global epoxy resin production
  • The furniture industry accounts for approximately 5% of global epoxy resin consumption
  • The packaging industry uses approximately 3% of global epoxy resin production
  • The sports and leisure industry accounts for approximately 2% of global epoxy resin consumption
  • The renewable energy sector (excluding wind) uses approximately 4% of global epoxy resin production
  • The medical and healthcare industry accounts for approximately 1.5% of global epoxy resin consumption
  • The aerospace and defense industry is expected to consume over 50,000 tons of epoxy resins annually by 2025

Interpretation

The epoxy resin industry isn't just for fixing broken ceramics in arts and crafts class anymore; it's now a key player in sectors ranging from building planes to powering wind turbines. With the automotive and transportation sector revving up at a CAGR of 7.2% and the aerospace industry gliding along using a hefty 20% of all advanced epoxy resins produced, it's clear that this versatile material is soaring to new heights. From constructing buildings to sporting goods, epoxy resins are holding it all together, proving that this sticky stuff isn't just for DIY enthusiasts but rather a powerhouse in some of the most critical industries of our time. So next time you fix that coffee mug with epoxy resin, just remember – you're part of a bigger picture that's sticking together quite nicely.

Market Size and Growth

  • The global epoxy resin market size was valued at USD 9.9 billion in 2021
  • The epoxy resin market is expected to grow at a CAGR of 6.5% from 2022 to 2030
  • The global epoxy composite market size is expected to reach USD 38.3 billion by 2027
  • The global epoxy curing agents market size was valued at USD 4.1 billion in 2020

Interpretation

The epoxy resin industry seems to be sticking with a strong adhesive formula for success, showing resilience and growth in the market. With a projected CAGR of 6.5% and an anticipated market size reaching a whopping USD 38.3 billion by 2027, it's clear that this sector is no small player. From coatings to adhesives, the demand for epoxy products is on the rise, proving once again that in the world of chemicals, sometimes the strongest bond is the one between supply and demand.

Product Types

  • Bisphenol A-based epoxy resins accounted for over 75% of the global epoxy resin market in 2021
  • Water-based epoxy resins are expected to witness the highest growth rate due to environmental regulations
  • The global bio-based epoxy resins market size was valued at USD 62.5 million in 2020

Interpretation

In the fascinating world of epoxy resins, Bisphenol A-based resins reign supreme, capturing a lion's share of the market in 2021 with all the tenacity of a determined chemist. However, as environmental consciousness spreads through industries like a meticulous painter's brushstroke, water-based epoxy resins emerge as the rising star, poised to grow at a rate that would make even the most seasoned market analyst sit up and take notice. And let's not forget about the bio-based epoxy resins, glowing bright on the financial horizon like a promising sunrise, with a value that proves green solutions are not just good for the planet, but also for the bottom line. All in all, the epoxy resin industry is an ever-evolving canvas where innovation, regulation, and sustainability mingle in a colorful concoction of market dynamics.

Production and Capacity

  • The global epoxy resin production capacity was approximately 3.5 million tons in 2020
  • China is the largest producer of epoxy resins, accounting for about 40% of global production

Interpretation

Looks like China is really sticking it to the competition in the epoxy resin industry, with a production capacity that's nothing to be resin-ed about at about 40% of the global total. The epoxy resin sector seems to be setting some strong bonds in 2020, with a global production capacity of 3.5 million tons just waiting to cement its place in the market. It's clear that when it comes to making things stick, China is leading the pack in a way that's truly un-breakable.

Regional Market Share

  • Asia Pacific dominated the epoxy resin market with a share of 44.5% in 2021
  • The epoxy resin market in India is expected to grow at a CAGR of 7.2% from 2021 to 2026
  • The epoxy resin market in Germany was valued at EUR 450 million in 2020
  • The epoxy resin market in Japan is projected to grow at a CAGR of 5.5% from 2021 to 2026
  • The epoxy resin market in Brazil is expected to grow at a CAGR of 6.8% from 2021 to 2026
  • The epoxy resin market in South Korea is projected to reach USD 800 million by 2026
  • The epoxy resin market in Russia is expected to grow at a CAGR of 5.2% from 2021 to 2026
  • The epoxy resin market in Mexico is projected to reach USD 350 million by 2026
  • The epoxy resin market in Canada is expected to grow at a CAGR of 5.8% from 2021 to 2026
  • The epoxy resin market in Australia is projected to reach USD 300 million by 2026
  • The epoxy resin market in Turkey is expected to grow at a CAGR of 6.5% from 2021 to 2026
  • The epoxy resin market in South Africa is projected to reach USD 150 million by 2026
  • The epoxy resin market in Indonesia is expected to grow at a CAGR of 7.5% from 2021 to 2026
  • The epoxy resin market in Saudi Arabia is projected to reach USD 200 million by 2026
  • The epoxy resin market in Vietnam is expected to grow at a CAGR of 8.2% from 2021 to 2026
  • The epoxy resin market in the United Arab Emirates is projected to reach USD 180 million by 2026
  • The epoxy resin market in Thailand is expected to grow at a CAGR of 6.9% from 2021 to 2026
  • The epoxy resin market in Malaysia is projected to reach USD 250 million by 2026
  • The epoxy resin market in Argentina is expected to grow at a CAGR of 5.5% from 2021 to 2026

Interpretation

The global epoxy resin market seems to be spreading its sticky influence far and wide, with various countries gearing up for some serious bonding in the years to come. While Asia Pacific flexes its epoxy muscles, India is set to stick to a steady growth path, Germany holds its value close, and Japan and Brazil paint a picture of steady expansion. It appears that epoxy resin is not just a chemical compound; it's a symbol of international connectivity, with countries worldwide sculpting a durable future together, one polymer at a time.

References