Market Size of Epoxy Resins Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 3.55 Million tons |
| Market Volume (2029) | 4.20 Million tons |
| CAGR (2024 - 2029) | 3.41 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Epoxy Resin Market Analysis
The Epoxy Resins Market size is estimated at 3.55 Million tons in 2024, and is expected to reach 4.20 Million tons by 2029, growing at a CAGR of 3.41% during the forecast period (2024-2029).
The market was negatively impacted due to the COVID-19 pandemic in 2020, owing to the pandemic scenario and strict regulations in several countries. It affected various industries such as paints and coatings, adhesives and sealants, electrical and electronics, and others due to supply chain disruptions, work stoppages, and labor shortages. However, the condition normalized, and the market recovered from the pandemic and is growing significantly.
- Over the short term, the increasing demand for epoxy-based composites from the aerospace and automotive industries, strong growth in the construction industry, and rising demand for electrical and electronic devices are driving the market over the forecasted period.
- However, the hazardous impact of epoxy resins is expected to include major limitations on the growth rate of the epoxy resin market during the projected period.
- Nevertheless, the growing construction industry in the emerging countries of Asia-Pacific, the Middle East, and Africa are creating new opportunities for this market segment in the future.
- Asia-Pacific dominated the market across the world, with the majority of demand coming from China and India.
