Epoxies Market Share Driven by Advanced Material Adoption and Expanding Industrial Applications | Valuates Reports

Epoxies Market Size
The global market for Epoxies was valued at US$ 7755 million in the year 2024 and is projected to reach a revised size of US$ 9060 million by 2031, growing at a CAGR of 2.3% during the forecast period.

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The Epoxies Market is experiencing sustained expansion as industries increasingly adopt high-performance materials to enhance durability, structural integrity, and chemical resistance across manufacturing and engineering processes. Market trends show strong demand from electronics, automotive, construction, aerospace, and energy sectors, all of which rely on epoxy systems for precision bonding, coating performance, and composite fabrication. The growing transition toward lightweight structures, miniaturized electronic assemblies, and sustainable material solutions continues to influence overall market size and market growth globally.

In the type segment, pure epoxy resins hold the largest market share because of their superior structural strength, electrical insulation properties, and heat resistance, making them widely used in electronics, coatings, and composite applications. Modified epoxy resins are demonstrating the fastest market growth due to their enhanced flexibility, impact resistance, and tailored curing characteristics that suit modern manufacturing requirements. Other resin types support specialized needs such as improved chemical durability, flame retardancy, and compatibility with advanced composite processes, reinforcing diversified market trends across industries.

By application, electronic components and encapsulation represent the largest share of the market, driven by the widespread use of epoxies in circuit protection, potting, underfills, and semiconductor packaging. The coatings and adhesives segments are expanding rapidly as industrial users shift toward long-lasting protective coatings and high-strength bonding systems for structural assemblies. Applications such as castings, foams, and composite material components further contribute to market growth, particularly in automotive, aerospace, and energy sectors where lightweighting and enhanced mechanical performance remain critical priorities.

The competitive landscape is led by globally recognized companies such as Ashland, 3M, H.B. Fuller, Arkema, Eastman, Henkel, Sika AG, Evonik, Huntsman, Hexion, and DowDuPont, all of which maintain significant market share through strong product portfolios and continuous innovation in epoxy technologies. Publicly available sources highlight their investments in advanced curing systems, high-performance composites, and environmentally responsible formulations. Companies such as Permabond, Pidilite, DELO Company, Chemence, Jowat SE, Dymax, Master Bond, ExxonMobil, Super Glue Corporation, ITW, Mapei, Adhesive Systems Inc, Benson Polymers, Intact Adhesives, and Tong Shen Enterprise support further market diversification through specialized adhesive solutions and region-specific offerings.

Regionally, North America and Europe remain dominant markets due to their established manufacturing bases, high adoption of industrial adhesives, and advanced infrastructure for electronics and composite production. The Asia-Pacific region, led by China, Japan, South Korea, and Taiwan, is seeing the fastest market growth as rapid industrialization, expanding electronics manufacturing, and rising construction activity accelerate epoxy consumption. Southeast Asia and Latin America continue to expand their usage through infrastructure projects and increased demand for durable industrial materials. According to prevailing market forecast trends, ongoing innovation in epoxy chemistry, composite manufacturing, protective coatings, and electronic material technologies is expected to shape long-term market growth and strengthen the global adoption of epoxy solutions across emerging and established industries.

by Type

• Pure Epoxy Resin
• Modified Epoxy Resin
• Others

by Application

• Electronics
• Coating
• Adhesives
• Castings
• Foam
• Components in Composite Materials
• Others

By Company

Ashland, 3M, ADCO Constructions, Adhesive Systems Inc (ASI), American Chemical, Arkema, Benson Polymers, Chemence, H.B. Fuller, DELO Company, DowDuPont, Dymax, Franklin International, Eastman, Henkel, Intact Adhesives, ITW, Jowat SE, Mapei, Master Bond, Pidilite, Evonik, Sika AG, Super Glue Corporation, Tesa, Tong Shen Enterprise, ExxonMobil, Huntsman, Hexion, Permabond

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