Epoxy resin is a two-part thermosetting polymer formed when two components - a resin and hardener - are mixed together. The combination of epoxy resins with suitable hardeners forms epoxy polymers that can be molded into desired shapes and forms. Common applications include adhesives, paints and coatings, composites and flooring materials.

Market key trends:

One of the major trends in the Global Epoxy Resin Market Size is the increasing use of epoxy resin for 3D printing applications. 3D printing technology requires materials which can solidify layer-by-layer to create 3D objects. Epoxy resins meet these requirements due to their thermosetting nature and ability to get cured with hardeners. The use of epoxy resins in 3D printing opens up new opportunities and applications in automotive, aerospace and healthcare industries. The growing adoption of 3D printing technology is expected to boost the demand for epoxy resins during the forecast period.

Segment Analysis

The global epoxy resin market is segmented by form into liquid, solid and solution. Among these, the liquid segment dominates the market and accounts for more than 50% share of the global epoxy resin market. Liquid epoxy resins find wide application in coatings, adhesives and composite materials owing to their easy processability and ability to form uniform thin films.

Key Takeaways

The global epoxy resin market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing demand from end use industries such as wind energy, aerospace, transportation and oil & gas industries.

Regional analysis

Asia Pacific dominates the global epoxy resin market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of emerging economies such as China and India with rapidly growing end use industries. China accounts for over 50% of the global epoxy resin consumption owing to wide availability of raw materials and cost-effective labor.

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