Epoxy Resin Market Size Forecasted To Achieve $19.93 Billion By 2029 With Steady Growth

"The Epoxy Resin Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Epoxy Resin Market Size During the Forecast Period?
There has been substantial growth in the size of the epoxy resin market in latest years. Its size is projected to increase from $12.64 billion in 2024 to $13.76 billion in 2025, giving it an 8.9% compound annual growth rate (CAGR). The historical growth can be credited to the boom in construction, augmentation in the automotive industry, expansion of electronics manufacturing, infrastructure development, and rigorous environmental regulations.

The size of the epoxy resin market is anticipated to experience robust expansion in the forthcoming years. It is set to escalate to $19.93 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. The anticipated growth during the prediction period can be credited to developments in electronics, biocompatible materials, circular economy endeavors, globalization and commerce, and the rise in electric vehicles (EVs). Recurring trends during the prediction period comprise of renewable energy technologies, nascent applications in 3D printing, escalating demand in the wind energy division, the rising attraction of waterborne epoxy resins, and heightened utilization in electronics and electrical applications.

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What Are the High-Growth Segments in the Epoxy Resin Market?
The epoxy resin market covered in this report is segmented -

1) By Type: DGBEA (Bisphenol A And ECH), DGBEF (Bisphenol F And ECH), Novolac (Formaldehyde And Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines And ECH), Other Types
2) By Physical Form: Liquid, Solid, Solution
3) By Application: Paints And Coatings, Composites, Adhesives And Sealants, Other Applications
4) By End-User: Building And Construction, Automotive, Large And Heavy Vehicles And Railroads, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine, Other End-Users

Subsegments:
1) By DGBEA (Bisphenol A And ECH): Standard DGBEA, Modified DGBEA
2) By DGBEF (Bisphenol F And ECH): Standard DGBEF, Modified DGBEF
3) By Novolac (Formaldehyde And Phenols): Heat-Resistant Novolac, Flexible Novolac
4) By Aliphatic (Aliphatic Alcohols): Saturated Aliphatic, Unsaturated Aliphatic
5) By Glycidylamine (Aromatic Amines And ECH): Standard Glycidylamine, Modified Glycidylamine
6) By Other Types: Specialty Epoxy Resins, Bio-Based Epoxy Resins

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What Key Drivers Are Expected to Influence Future Epoxy Resin Market Growth?
The epoxy resin market is predicted to expand due to the growing requirement for epoxy resin in the car manufacturing sector. Epoxy resin is commonly utilized in the creation, design, and marketing of vehicles, delivering a protective covering for the car's body that increases its lifespan. This was reinforced by data from MarkLines, a consultancy firm based in Japan that focuses on the automotive sector, which showed a 2.0% rise in U.S. car sales in October 2023 compared to the same month the previous year. The total sales of new vehicles for October 2023 stood at 1,211,141 units, marking a 2.0% growth from October 2022. Consequently, the escalating demand from the car manufacturing industry is fueling the advancement of the epoxy resin market.

Which Companies Hold the Largest Share Across Different Epoxy Resin Market Segments?
Major companies operating in the epoxy resin market include China Petroleum & Chemical Corporation (Sinopec), Badische Anilin- und Sodafabrik, The Dow Chemical Company, Mitsubishi Chemical Corporation, Minnesota Mining and Manufacturing Company, Evonik Industries AG, Covestro AG, Westlake Epoxy LLC, DuPont de Nemours Inc., NAN YA PLASTICS CORPORATION, Solvay S.A., Sika AG, Olin Corporation, Huntsman International LLC, Atul Ltd, Daicel Corporation, Hexion Inc., Ashland Global Holdings Inc., Jiangsu Sanmu Group Co. Ltd., Allnex Belgium SA/NV, NAMA Chemicals, Kukdo Chemical Co. Ltd., Magnolia Epoxy, Mapei S.p.A., DIC India Limited, SPOLCHEMIE - Chemické závody a.s., Kemipex FZE, Aditya Birla Chemicals (India) Limited, Scott Bader Company Ltd., Chang Chun Plastics Co. Ltd., Aliancys AG

What Are the Latest Developing Trends in the Epoxy Resin Market?
The escalating trend of product innovation is making waves in the epoxy resin market. Companies engaged in this market are sharpening their focus on ground-breaking product innovations to consolidate their market stance. For instance, Hexion Inc., a chemical manufacturing firm based in the USA, which specializes in the production of chemical materials and performance resins, introduced EPON LY Resin 1810 and EPIKURE LY Curing Agent 3801 in April 2022. These substances contribute to the reduction of epoxy coating yellowing on residential and commercial surfaces, subsequently enhancing performance, curing, reducing air emissions, and augmenting surface robustness.

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What Are the Emerging Geographies for The Epoxy Resin Market Growth?
Asia-Pacific was the largest region in the epoxy resin market in 2024. The regions covered in the epoxy resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Epoxy Resin Market?
2. What is the CAGR expected in the Epoxy Resin Market?
3. What Are the Key Innovations Transforming the Epoxy Resin Industry?
4. Which Region Is Leading the Epoxy Resin Market?

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