Epoxy Resin Market Size, Share, Growth Analysis. Physical Forms (Liquid, Solid). Raw Materials (BADGE, BFDGE). Applications (Paints & Coatings, Composites, Adhesives & Sealants). End-use (Building & Construction, Automotive), By Region - Industry Forecast 2024-2031

Global Epoxy Resin Market size was valued at USD 11.5 billion in 2022 and is poised to grow from USD 12.1 billion in 2023 to USD 18.0 billion by 2031, growing at a CAGR of 5.1% during the forecast period (2024-2031). 

Epoxy resins are a group of prepolymers and polymers that, when combined with hardeners or curing agents such polyamines, aminoamides, or phenolic chemicals, provide a robust, long-lasting material that may be utilised in both industrial and consumer applications.

Epoxies are used in a wide range of goods and innovations that improve energy efficiency and lower greenhouse gas emissions. Epoxy technological advancements are necessary for a variety of renewable energy sources to become more effective, including wind, solar, natural gas, new battery technologies, and others. By enhancing the durability of structural components, engineering adhesives, and paints, epoxy resins used in building and construction applications can help extend the useful life of buildings and reduce the need for renovation and repainting. Since the 1950s, epoxy resins have been used in food packaging to protect food and beverages from the metal used to produce cans. Tennis rackets, skis, golf clubs, hockey sticks, fishing rods and poles, kayaks, and bicycles may all benefit from the lighter, stronger construction provided by epoxy resins. These factors will drive the demand for epoxy resin in the coming years.

US Epoxy Resin Market is poised to grow at a sustainable CAGR for the next forecast year.