Epoxy Resin Market
Epoxy Resin Market Study by DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), and Others from 2024 to 2034
Analysis of Epoxy Resin Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Epoxy Resin Market Outlook (2024 to 2034)
According to the latest industry analysis by Fact.MR, the global epoxy resin market size is forecasted to reach US$ 26.45 billion by 2034, up from US$ 13.57 billion in 2024. This increase amounts to a projected CAGR of 6.9% from 2024 to 2034.
Epoxy resins are commonly used as bonding agents for wood lamination, finding broad applications in the construction industry for various purposes such as flooring, windows, roofs, walls, and decks. The growing use of timber in construction is projected to drive the demand for epoxy resins in this sector.
The aerospace industry is also witnessing a rise in the application of epoxy resins due to the increasing demand for composite components that aid in reducing wind resistance and the overall weight of the aircraft. The superior adhesive properties of epoxy resins with composites further augment its demand in the aerospace industry.
The wind energy sector is witnessing a boost in the use of composites and fiber-reinforced plastics for manufacturing wind turbines and related components This industry uses epoxy resins extensively as reinforcing agents. Epoxy resins are also used in various other areas, such as arts, decorative items, and kitchen countertops, contributing to its market growth.
Increasing demand for lightweight, high-performance materials in the construction and automotive sectors, as well as the wind energy and aerospace sectors, is projected to drive the demand for epoxy resins throughout the forecasted period. The growing need for biodegradable polymers and strict environmental regulations governing bisphenol A use may hinder demand growth during the forecasted period.
The market is currently exhibiting steady market growth alongside the unsaturated polyester resin market, aliphatic solvents market, and other related markets.
| Report Attributes | Details |
|---|---|
| Epoxy Resin Market Size (2024E) | US$ 13.57 Billion |
| Projected Market Value (2034F) | US$ 26.45 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.9% CAGR |
| China Market Value (2034F) | US$ 3.73 Billion |
| Canada Market Growth Rate (2024 to 2034) | 5% CAGR |
| North America Market Share (2024E) | 21.6% |
| East Asia Market Value (2034F) | US$ 6.5 Billion |
| Key Companies Profiled | 3M; Solvay; Hexion; Sika Ag; Kukdo Chemical Co. Ltd.; Dow; China Petrochemical Corporation; Kolon industries |
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Which Aspects are Leading to Growing Use of Epoxy Resins?
“Rising Preference for Bio-Based Polyepoxides and Focus on Environmental Sustainability”
Bio-based epoxy resins have been developed to reduce the environmental impact of petroleum-derived resins. Various biomaterials, such as lignin, vegetable oils, rosins, tannins, and other natural materials, are utilized to substitute for a portion of the petrochemicals. These substances reduce the need for bisphenol A (BPA), which is harmful and requires special handling.
Bio-based resins can be used in various applications, including coating materials, adhesives, composites, and other crosslinked materials. Demand for bio-based epoxy resins is projected to rise during the forecast period due to the increasing focus on sustainability across various industries.
What are the Restraints Affecting Market Growth?
“Health Risks from Exposure to Epoxy Curing Agents and Unstable Raw Material Costs”
Market growth is hindered by health hazards associated with epoxy resin floors, which emit strong and toxic fumes that can lead to irritation in the lungs and eyes. People with asthma may experience breathing difficulties due to exposure to these gases. Strict environmental regulations governing bisphenol A are projected to curb demand for epoxy resins during the forecast period.
Epoxy resins are manufactured using petroleum-based raw materials, and fluctuations in crude oil prices significantly impact the prices of these raw materials as well as the costs of epoxy hardeners. Price fluctuations affect profit margins, which can have a detrimental effect on small-scale businesses.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to hold 24.6% of the global market share by 2034. Epoxy resin makers are teaming up with new players in the market to strengthen their position and get a bigger share of the market.
How is the Construction Sector Driving Market Growth in China?
“Growing Demand for Bisphenol-A Epoxy Resins in Construction Sector”
| Attribute | China |
|---|---|
| Segment Value (2024E) | US$ 1.72 Billion |
| Growth Rate (2024 to 2034) | 8% CAGR |
| Projected Value (2034F) | US$ 3.73 Billion |
Market growth in East Asia is fueled by the rising demand for epoxy resins in sectors such as construction and automotive, coupled with the presence of major manufacturers who are supported by an abundant supply of raw materials.
China, as the leading consumer and producer of epoxy resins in the region, plays a crucial role in supporting market growth. The growing demand for bisphenol-A epoxy resins and the increasing use of cast iron repair epoxy in the construction sector are also contributing to market expansion. Factors such as the increasing number of chemical companies and the expansion of production facilities are driving epoxy resin market growth in the East Asia region.
How is the Market Shaping Up in the United States?
“Increasing Investments in Public and Private Infrastructure Projects”
| Attribute | United States |
|---|---|
| Segment Value (2024E) | US$ 2.1 Billion |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034F) | US$ 3.4 Billion |
The United States accounts for 71.7% of the epoxy resin market share in North America. As the wave of digitalization expands, the demand for electrical and electronic equipment is projected to rise. These systems increasingly utilize durable and long-lasting components made from epoxy to enhance performance and reduce costs. A surge in investments in both public and private infrastructure projects in the United States is creating ample opportunities for market growth.
Key reasons for the rising demand for epoxy resins in the United States include the rapid adoption of clear resins as adhesives in solar cells and innovative developments in the manufacturing of automotive parts. The growing demand for eco-friendly chemicals in construction activities and a booming renewable energy sector act as key epoxy resin market trends.
Category-wise Insights
Why are Epoxy Resins Used in Paints and Coatings?
“Epoxy Resins Impart Quick-drying Nature and Superior Coating Properties to Paints”
| Attribute | Paintings & Coatings |
|---|---|
| Segment Value (2024E) | US$ 610.7 Million |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 1.27 Billion |
Increasing use of paints and coatings is a key driver for the expansion of the market. Products based on epoxy resin are known for their quick-drying nature and superior coating properties. Epoxy primers, which are used across various industries to prevent corrosion along with concrete floor paints, are all made from epoxy resin-based paints. These coatings help in preventing surfaces from rusting and corroding. Primers coated with these substances are used to enhance the adhesion of parts in the automotive and marine industries.
Why are Epoxy-based Composites Sought After in Automotive and Aerospace Sectors?
“Superior Resistance of Epoxy-based Composites to Heat and Corrosion”
| Attribute | Composites |
|---|---|
| Segment Value (2024E) | US$ 2.93 Billion |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 5.73 Billion |
Epoxy-based composites account for 21.6% market share in 2024. The automotive and aerospace industries are constantly seeking materials that can improve fuel efficiency and performance. Technological advancements in manufacturing have enabled the production of composite materials with superior properties such as a high strength-to-weight ratio and excellent resistance to heat and corrosion.
The increasing awareness of the environmental benefits of using composite materials, which are often more sustainable and recyclable compared to traditional materials, is also contributing to market growth. On the other hand, the high cost of composite materials and the need for specialized manufacturing processes may pose challenges to market expansion.
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Competitive Landscape
Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Several key players in the epoxy resin market are 3M, Solvay, Hexion, Sika Ag, Kukdo Chemical Co. Ltd, Dow, China Petrochemical Corporation, and Kolon Industries.
- In 2021, Covestro successfully completed the acquisition of the Resins & Functional Materials (RFM) business from Royal DSM. This acquisition is projected to benefit Covestro by expanding its portfolio of eco-friendly coating resins.
Key Segments of Epoxy Resin Market Research
-
By Raw Material :
- DGBEA (Bisphenol A & ECH)
- DGBEF (Bisphenol F & ECH)
- Novolac (Formaldehyde & Phenols)
- Aliphatic (Aliphatic Alcohols)
- Glycidyl Amine (Aromatic Amines & ECH)
-
By Application :
- Paints & Coatings
- Wind Energy
- Composites
- Construction
- Electrical & Electronics
- Adhesives
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2024 to 2034
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Raw Material
- 10.1. DGBEA (Bisphenol A and ECH)
- 10.2. DGBEF (Bisphenol F and ECH)
- 10.3. Novolac (Formaldehyde and Phenols)
- 10.4. Aliphatic (Aliphatic Alcohols)
- 10.5. Glycidylamine (Aromatic Amines and ECH)
- 10.6. Other Raw Materials
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 11.1. Paints & Coatings
- 11.2. Wind Energy
- 11.3. Composites
- 11.4. Construction
- 11.5. Electrical & Electronics
- 11.6. Adhesives
- 11.7. Others (Vinyl Gloves, Metal Protection, Handbags, Eyeglasses, and Plastic Tooling)
- 12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. NAMA Chemicals
- 22.2. DuPont
- 22.3. 3M Company
- 22.4. Kukdo Chemical Ltd.
- 22.5. The Dow Chemical Company
- 22.6. BASF SE
- 22.7. Hunstman Corporation
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Raw Material
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Raw Material, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Raw Material, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Raw Material, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Raw Material, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Raw Material, 2024 (E)
Figure 18: North America Market Value Share, By Application, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Raw Material, 2024 (E)
Figure 26: Latin America Market Value Share, By Application, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Raw Material, 2024 (E)
Figure 34: Europe Market Value Share, By Application, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Raw Material, 2024 (E)
Figure 42: South Asia Market Value Share, By Application, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Raw Material, 2024 (E)
Figure 50: East Asia Market Value Share, By Application, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Raw Material, 2024 (E)
Figure 58: Oceania Market Value Share, By Application, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Raw Material, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Raw Material, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: U. S. Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: U. S. Market Value Share, By Raw Material, 2024 (E)
Figure 75: U. S. Market Value Share, By Application, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Raw Material, 2024 (E)
Figure 78: Canada Market Value Share, By Application, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Raw Material, 2024 (E)
Figure 81: Mexico Market Value Share, By Application, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Raw Material, 2024 (E)
Figure 84: Brazil Market Value Share, By Application, 2024 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: U. K. Market Value Share, By Raw Material, 2024 (E)
Figure 87: U. K. Market Value Share, By Application, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Raw Material, 2024 (E)
Figure 90: Germany Market Value Share, By Application, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Raw Material, 2024 (E)
Figure 93: France Market Value Share, By Application, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Raw Material, 2024 (E)
Figure 96: Italy Market Value Share, By Application, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Raw Material, 2024 (E)
Figure 99: Spain Market Value Share, By Application, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Raw Material, 2024 (E)
Figure 102: Russia Market Value Share, By Application, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Raw Material, 2024 (E)
Figure 105: China Market Value Share, By Application, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Raw Material, 2024 (E)
Figure 108: Japan Market Value Share, By Application, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Raw Material, 2024 (E)
Figure 111: South Korea Market Value Share, By Application, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Raw Material, 2024 (E)
Figure 114: India Market Value Share, By Application, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Raw Material, 2024 (E)
Figure 117: ASEAN Market Value Share, By Application, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Raw Material, 2024 (E)
Figure 120: Australia Market Value Share, By Application, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Raw Material, 2024 (E)
Figure 123: New Zealand Market Value Share, By Application, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Raw Material, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Raw Material, 2024 (E)
Figure 129: Turkey Market Value Share, By Application, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Raw Material, 2024 (E)
Figure 132: South Africa Market Value Share, By Application, 2024 (E)
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- FAQs -
How big is the epoxy resin market in the world?
The global epoxy resin market is projected to be US$ 13.57 billion by 2024.
What are the projected sales of epoxy resins for 2034?
By 2034, global revenue from epoxy resin sales is expected to reach US$ 26.45 billion.
What is the forecasted growth rate of the global market?
The market for epoxy resins is projected to grow at a CAGR of 6.9% through 2034.
What is the estimated growth of epoxy resin sales in North America?
Sales of epoxy resins in North America are forecasted to rise at a CAGR of 4.6% from 2024 to 2034.
What is the predicted rate of market expansion in East Asia?
The market in East Asia is projected to expand at a CAGR of 7.9% from 2024 to 2034.
What is the forecasted growth rate for the market in Japan?
The market in Japan is forecasted to increase at a CAGR of 7.1% from 2024 to 2034.
Epoxy Resin Market