Epoxy Resin Market (By Type: DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH), and Others; By Application: Paints and Coatings, Adhesives, Composites, Electrical and Electronics, and Others; By Region: North America, Europe, Asia Pacific, and LAMEA) Industry Size, Share, Growth, Trends 2025 to 2034
The global epoxy resin market, valued at USD 698 million in 2024, is projected to reach approximately USD 1,159 million by 2034. This growth, driven by increasing demand in coatings, adhesives, and composite materials, is expected at a CAGR of 5.2%.
| Reports Attributes | Statistics |
| Market Size in 2024 | USD 698 Million |
| Market Size in 2025 | USD 734.3 Million |
| Market Size in 2031 | USD 995.33 Million |
| Market Size by 2034 | USD 1,159 Million |
| CAGR 2025 to 2034 | 5.2% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
The epoxy resin market is expanding at a lucrative pace, primarily driven by rising demand in construction and infrastructure projects. Epoxy resin refers to a versatile polymer widely used in coatings, composites, adhesives, electrical systems, and various industrial applications. The main growth factor behind these polymers is their exceptional strength and durability, making them highly reliable for structural and performance-based uses.
A significant portion of the market expansion is also being fueled by the electronics industry, where epoxy resins are essential in manufacturing consumer electronics and electric vehicles (EVs). The global shift toward green transportation, supported by government initiatives, is expected to further increase epoxy resin usage in EV production. According to data from the International Energy Agency (IEA), electric vehicle sales reached a record high of 17 million units in 2024, representing a growth rate of over 25%.
The changing geopolitical relationships between several major economies are expected to restrain trade activity among key markets. This situation has led to increased volatility in raw material prices, as epoxy resins rely heavily on petrochemical feedstocks. Moreover, ongoing tariff disputes between major economies such as the United States and China have added further uncertainty, slowing down the pace of market expansion. These global trade tensions, combined with fluctuating oil prices, can directly affect production costs and profit margins for epoxy resin manufacturers.
Growing investments in the wind energy sector are expected to generate multiple business opportunities for companies involved in epoxy resin production, as these materials are widely used in the manufacturing of wind turbine blades. The increasing global focus on sustainability has created strong demand for durable, lightweight, and high-performance materials backed by government-supported renewable energy initiatives.
For instance, IEA data indicated that in 2024, China’s clean energy investment exceeded USD 625 billion, nearly doubling from 2015 levels. The superior durability of epoxy resins is also contributing to their expanding use in industries such as marine, oil and gas, and construction. Consequently, companies in emerging economies are increasingly targeting partnerships and contracts with organizations operating within the renewable energy sector to capitalize on this momentum.
The epoxy resin market has become increasingly reliant on advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in recent years. These technologies assist in analyzing and monitoring resin curing parameters to ensure consistent product quality. In addition, AI and ML are improving manufacturing efficiency by predicting potential equipment failures, thereby reducing downtime and maintenance costs. In chemical applications, these technologies aid in material formulation and innovation, providing greater precision and performance optimization. Another emerging trend is the rise of bio-based epoxy resins, which help reduce waste generation and environmental impact. With AI-driven material research, manufacturers can develop more sustainable formulations that align with the growing global emphasis on eco-friendly production practices.
| Regions | Shares (%) |
| North America | 30% |
| Asia Pacific | 35% |
| Europe | 25% |
| LAMEA | 10% |
| Segments | Shares (%) |
| DGBEA (Bisphenol A and ECH) | 45% |
| DGBEF (Bisphenol F and ECH) | 25% |
| Novolac (Formaldehyde and Phenols) | 15% |
| Aliphatic (Aliphatic Alcohols) | 5% |
| Glycidylamine (Aromatic Amines and ECH) | 5% |
| Others | 5% |
| Segments | Shares (%) |
| Paints and Coatings | 35% |
| Adhesives | 25% |
| Composites | 20% |
| Electrical and Electronics | 10% |
| Others | 10% |
Published by Saurabh Bidwai
