Epoxy Resin Market - Size, Share, Industry Trends, and Forecasts (2025 - 2032)

By Type:

Based on type, the market is segmented into aliphatic epoxy resins, bisphenol epoxy resins, novolac epoxy resins, halogenated epoxy resins, and others.

Aliphatic epoxy resins offer excellent heat resistance, UV stability, and high-temperature properties. Bisphenol epoxy resins are the most commonly used epoxy resins. They provide several features including high mechanical strength, good thermal stability, excellent adhesion, and improved chemical resistance among others. Meanwhile, halogenated epoxy resin provides improved chemical resistance and fire-resistant properties among others.

Trends in the Type:

• Aliphatic epoxy resins are gaining popularity due to their superior weatherability, UV resistance, and color stability is driving the epoxy resin market size.
• Increasing adoption of halogenated epoxy resins, particularly those containing bromine, due to its excellent flame-retardant properties.

The bisphenol epoxy resin segment accounted for the largest epoxy resin market share in 2024 and it is expected to grow at the fastest CAGR over the forecast period.

Bisphenol epoxy resins, particularly Bisphenol A (BPA) and Bisphenol F (BPF) epoxy resins, are widely used in various applications due to their exceptional properties. These resins offer high strength, excellent adhesion, robust chemical resistance, and good thermal stability. They are known for their ability to bond well with various materials and resist degradation under harsh conditions. Bisphenol epoxy resins are known for their high tensile and flexural strength, making them suitable for load-bearing applications.

• For instance, in 2023, Nan Ya Plastics Corporation introduced a cutting-edge Bisphenol A (BPA) production line in Ningbo, China. This new facility is expected to significantly boost the company's production capacity and meet the growing global requirement for BPA, a crucial raw material in the production of various plastics and resins such as epoxy.

As per the analysis, the aforementioned factors are driving the epoxy resin market growth.

By Application:

Based on application, the market is categorized into electronic encapsulation, paints & coatings, wind turbines, adhesives, composites, and others.

Epoxy is primarily used for encapsulating electronic components, including circuit boards, connectors, sensors, and others. Moreover, epoxy is widely used in paints and coatings, due to its durable finish, strong adhesion, and resistance to UV, corrosion, and chemicals.  Epoxy offers high bonding strength, which makes it ideal for use in structural adhesives for bonding a variety of materials. Additionally, epoxy is also used in composites, due to its strong adhesive properties, chemical resistance, and ability to withstand high temperatures.

Trends in the Application:

• Rising adoption of epoxy resins in encapsulating components and protecting them from environmental factors like moisture, thermal shock, and mechanical stress is boosting the epoxy resin market size.
• Increasing trend in adoption of epoxy resins are essential for protecting wind turbine blades from environmental factors like UV radiation, moisture, and extreme temperatures.

The paints & coatings segment accounted for the largest market share in 2024.

Epoxy resins are used in paints and coatings applications due to their excellent adhesion, durability, chemical resistance, and mechanical properties. They are favored for creating protective coatings in various industrial sectors, particularly for metal substrates such as steel structures, pipelines, and storage tanks. Epoxy paints also enhance the appearance, durability, and protection of consumer products like flooring, furniture, and decorative items.

• For instance, in 2024, PPG introduced PPG STEELGUARD 951, a novel intumescent fire protection coating that is prepared using epoxy resins. This innovative solution is designed to safeguard advanced manufacturing facilities, including semiconductor plants, electric vehicle battery facilities, data centers, and other critical infrastructure.

Thus, the analysis shows that the rising trend in adoption of these resins in paints and coatings applications is driving the epoxy resin market demand.

The composites segment is expected to register fastest CAGR over the forecast period.

Epoxy resins are used in composite materials due to their strong adhesive properties, chemical resistance, and ability to withstand high temperatures. They are particularly favored in applications requiring lightweight yet durable structures, such as in aerospace and automotive industries.

Moreover, these resins exhibit strong bonding to various substrates, including fibers and other materials, making them effective in composite structures. They are resistant to a wide range of chemicals, solvents, and moisture, which is crucial for applications in harsh environments. Thus, based on the analysis, the aforementioned factors are boosting the epoxy resin market trends.

By End User Industry:

Based on the end-user industry, the market is categorized into aerospace, automotive, construction, electrical & electronics, marine, and others.

Epoxy is primarily used in several industries including aerospace, automotive, construction, electrical & electronics, marine, and other industries, for applications involving paints & coatings, adhesives, sealants, composites, and others. Moreover, epoxy resin properties including high strength, durability, excellent adhesion, and improved resistance to UV, chemical, and corrosion, makes it ideal for utilization in aforementioned industries.

Trends in the End-User Industry:

• Rising adoption of resins for producing lightweight, high-strength composite materials used in aircraft structures.
• Increasing trend in utilization of epoxy coatings to protect marine vessels from corrosion caused by saltwater exposure is boosting the epoxy resin market demand.

The electrical & electronics segment accounted for the largest market share of 37.14% in the year 2024.

Epoxy resins are widely used in electrical and electronics applications due to their excellent electrical insulation properties, ability to protect components from environmental factors, and versatility in various applications like encapsulation and potting among others. Moreover, they offer robust protection against moisture, dust, and mechanical damage, ensuring the reliability and longevity of electronic devices. These resins provide excellent electrical insulation, preventing short circuits and ensuring safe and efficient operation of electrical devices.

• For instance, in 2023, Dongying Yi Rui Zengnew Material Technology Co., LTD. recently approved a significant project in Dongying Economic and Technological Development Zone, Shandong Province. This project aims to establish a new material production facility with an annual capacity of 200,000 tons for electronic-grade epoxy resin.

Thus, the aforementioned factors are driving the epoxy resin market trends.

The construction segment is expected to grow at the fastest CAGR over the forecast period.

Epoxy resins are widely used in construction sector due to their strong adhesive properties, durability, and versatility. They are utilized in various applications, including flooring, concrete repair, waterproofing, and anchoring. These resins also enhance concrete strength and structural integrity, minimize shrinkage and cracking, and provide excellent adhesion to various surfaces.

Additionally, these resins are also used to create durable and aesthetically pleasing floors, including terrazzo, aggregate, and chip flooring. Thus, the aforementioned factors are driving the epoxy resin market expansion.