Epoxy Resin Producers and Epoxy Resin Market Trend

According to HDIN Research, the global epoxy resin market is expected to witness significant growth in the coming years. The market size in 2018 was 3.1 million tons and is projected to reach 4.3 million tons by 2023, with a CAGR of 6.8% between 2018 and 2023. The market is expected to grow at a CAGR of 5.0% between 2023 and 2028, reaching a size of 5.5 million tons by 2028.

Epoxy resin is mainly used in coatings, with a market share of 43%, followed by electronics and electrical with a market share of 35%, composite materials with a market share of 15%, and adhesives with a market share of 5%. The demand for epoxy resin is driven by the growth in these end-use industries.

The Asia Pacific region is the largest market for epoxy resin, accounting for over 50% of the global demand. China, Japan, and South Korea are the major consumers of epoxy resin in this region. North America and Europe are also significant markets for epoxy resin.

Key players in the global epoxy resin market include DowDuPont, Hexion Inc., Huntsman Corporation, Kukdo Chemical Co. Ltd., NAMA Chemicals, Nan Ya Plastics Corporation, and Olin Corporation, among others.

The growth in the demand for epoxy resin is expected to drive the development of new products and technologies in the industry. With increasing demand from various end-use industries, manufacturers are focusing on expanding their production capacity to meet the growing demand.