Epoxy Resin Market Size Worth $21.29 Billion by 2034 | CAGR: 6.0%

The epoxy resin market size is expected to reach USD 21.29 billion by 2034, according to a new study by Polaris Market Research. The report “Epoxy Resin Market Share, Size, Trends, Industry Analysis Report: By Type (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Hardener), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The epoxy resin market growth is attributed to increasing demand across various industries due to the material's superior properties such as high mechanical strength, durability, and chemical resistance. Epoxy resins are widely used in applications ranging from construction and automotive to aerospace and electrical electronics, contributing to the expansion of the market. The growth of infrastructure development, along with rising demand for lightweight and fuel-efficient vehicles, is a key driver of market growth. Additionally, the increasing adoption of epoxy resin composites in wind energy applications, where they are used in turbine blades, is further enhancing the epoxy resin market demand.

Advancements in the electronics and electrical sectors, particularly in insulation and encapsulation applications, are contributing to the epoxy resin market expansion. The rising renewable energy solutions and the growing emphasis on eco-friendly materials are pushing manufacturers to develop low-VOC and sustainable epoxy resins, which is fueling innovation and diversifying product offerings.

The automotive industry's focus on electric vehicles (EVs) and the demand for advanced composite materials in lightweight structures are major factors driving epoxy resin adoption. With epoxy resins being an essential component in coatings, adhesives, and composites, their demand continues to rise during the forecast period. The market size is expected to grow steadily due to these factors, with a favorable outlook as industries adopt more advanced and sustainable materials.

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Top of FormEpoxy Resin Market Report Highlights

• In terms of type, in 2024, the DGBEA (Diglycidyl Ether of Bisphenol A) segment accounted for the largest epoxy resin market share due to its widespread use in high-performance applications, including coatings, adhesives, and composites.
• The paints & coatings segment, based on application, is expected to witness fastest growth during the forecast period due to increasing demand for protective coatings in various industries, including automotive, construction, and industrial manufacturing.
• In 2024, Asia Pacific accounted for the largest share of the global epoxy resin market revenue due to rapid urbanization, infrastructure development, and increasing government investments.
• The North America market is expected to register the highest CAGR during the forecast period due to increased infrastructure development.
• A few global key market players are 3M, Aditya Birla Chemicals, Atul Ltd (India), BASF SE, Ciech S.A., China Petrochemical Corporation, Covestro AG, Dow, Hexion, Huntsman International LLC, and Olin Corporation.

Polaris Market Research has segmented the epoxy resin market report on the basis of type, application, and region:

By Type Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• DGBEA
• DGBEF
• Novolac
• Aliphatic
• Glycidylamine
• Hardener

By Application Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• Paints & Coatings
• Wind Turbine
• Composites
• Construction
• Electrical & Electronics
• Adhesives
• Others

By Regional Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Epoxy Resin Market Report Scope