Epoxy Resin Supplier & Sourcing Intelligence Report, 2030

Epoxy Resin Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-10516
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Epoxy Resin Category Overview

The epoxy resins category is expected to grow at a CAGR of 7.3% from 2023 to 2030. The industry is being driven significantly by the rising demand from the paints & coatings sector. In addition, the category is also being supported by the growth of investments in the construction sector, particularly residential construction in Western Europe and North America. Furthermore, the continuous growth of manufacturing activities across the globe is also anticipated to fuel the demand for paints & coatings which are utilized in the production of automobiles and several other durable goods, as well as industrial maintenance applications.

Technological developments in the formulations of epoxy resins has led to the production of resins with enhanced quality such as better thermal strength, improved chemical resistance and higher mechanical strength. These advancements enable epoxy resins to suit the changing needs of electronics, automotive and aerospace sectors. The processing and output of products made with epoxy resin have increased due to the development of new curing technologies, including curing agents that are efficient and quick. Epoxy resins can now be applied in more time-sensitive industries due to their faster curing times and enhanced curing properties.

The category for epoxy resin is highly fragmented and competitive because the industry is lucrative and the requirement for entering the market is low, which is enticing huge firms to enter the market with each passing year. Therefore, an unprecedented number of small and medium-sized enterprises are starting to enter the market. Key market players are continuously focussing on research & development in order to offer end-user industries the most efficient and cost-effective solutions. In addition, the key players are continuously implementing various growth strategies like partnerships & collaborations, mergers & acquisitions, and innovations to maintain a competitive edge.

Raw material cost, labor cost, and transportation cost are the major key cost components of this category. Businesses, generally use a cost-plus pricing model where the price of the can is determined by adding a markup on the total cost of production. This model is in use due to the high level of competition and relatively low-profit margins. Price of epoxy resin is dependent on the cost and availability of raw materials such as epichlorohydrin (ECH), bisphenol A (BPA) and certain curing agents. Any increase or decrease in the cost of these raw materials can affect the profitability of epoxy resin manufacturers and fluctuate the production cost, thus, affecting the pricing of the resin as well. Price changes can be caused by market volatility, supply chain disruptions and other factors, making it difficult for manufacturers to maintain their pricing strategies.

The global industry is dominated by the Asia-Pacific region as the leading consumer of epoxy resins, registering higher demand from nations like India and China. Rising demand for paints & coatings along with ongoing infrastructural development projects is fuelling the demand in this region. The regional market is also anticipated to be driven by the increasing disposable income and people’s willingness to spend more. Recent years have witnessed a sharp rise in global automotive manufacturing as a result of increased demand from the middle-income population and rising disposable income in emerging economies such as India, Vietnam, Brazil and China 

Epoxy resin Procurement Intelligence Report Scope

Report Attribute


Epoxy resin Category Growth Rate

CAGR of 7.3% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

10% - 15% decrease (Annually)

Pricing Models

Cost plus pricing model

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier selection criteria

Business needs, technical specifications, operational requirements, reliability, experience, operational capabilities, regulatory standards and mandates, category innovations, and others.

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

3M Company, BASF SE, Kukdo Chemical Co., Ltd., Huntsman International LLC, Olin Corporation, Jiangsu Sanmu Group, Hexion Inc., Chang Chun Group, China Petroleum & Chemical Corporation, Kolon Industries, Inc., Nagase ChemteX Corporation and Aditya Birla Chemicals

Regional scope


Revenue Forecast in 2030

USD 22.5 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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