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Epoxy Resin Market Poised for Steady Growth of USD 14.26 Billion by 2024

The market is anticipated to be driven by end-use industries including automotive, aerospace, transportation, composites, decorative coatings, construction, industrial & marine coatings, electrical & electronics, especially in Asia Pacific. Epoxy resins are the most preferred thermoplastics for manufacturing composite materials owing to their superior properties as compared to other materials.

The Global Epoxy Resin Market is expected to reach USD 14.26 billion by 2024, according to a new report by Grand View Research, Inc.


Huge production capacities of epichlorohydrin and bisphenol A, especially in China, ensure consistent raw material supply. However, fluctuating raw material prices negatively impact the profitability of epoxy manufacturers. The popularity of alternative resins such as polyamide, PET, unsaturated polyester resin, etc. is likely to curtail the market share of epoxy resins in upcoming years.

The paints & coatings is estimated to emerge as the leading application segment. Market penetration can be attributed to demand from construction, automotive and industrial applications. Composites segment is expected to witness highest growth rate owing to increasing demand for high strength lightweight composite materials from automotive, aerospace and defense industries.

Asia Pacific is estimated to emerge as the largest as well as the fastest growing region over the forecast period. The growth in this region can be attributed to increasing demand for these resins in paints & coatings and composites.

To Know More About Epoxy Resin Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/epoxy-resins-market

Major players in the market such as Huntsman Corporation, Olin, BASF SE, etc. have high-level integration throughout the value chain. These players have expanded their operation base from resin production to manufacturing end use products such as adhesives, coatings, and composites.

Top Players of Epoxy Resin Market:

Key companies include DuPont, 3M, BASF SE, Momentive, Huntsman, Sika AG, Cytec, Aditya Birla Chemicals, Atul Ltd. and Baling Petrochemical.

Market Segmentation of Epoxy Resin Market:

The Global Epoxy Resin Market segmented on the basis of Application and Region.

By Application:

    Paints & coatings
    Wind turbine
    Composites
    Construction
    Electrical & electronics
    Adhesives

By Region:

    North America
    Europe
    Asia Pacific
    Middle East and Africa
    Central and South America

Inquire about Epoxy Resin Market with Our Experts @ https://www.grandviewresearch.com/inquiry/448
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