Epoxy Resin Market Supply-Demand, Production Cost and Share Analysis
Epoxy Resin Market Summary The global epoxy resin market size was estimated at USD 11.25 billion in 2023 and is anticipated to reach USD 16.87 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The market growth is primarily driven by the increasing demand for paints and coatings across multiple industries. Epoxy resins are widely used for their strong adhesive properties, chemical resistance, and durability, making them essential in applications ranging from construction and automotive to industrial maintenance. The rising demand for epoxy resins is largely attributed to growing investments in the construction sector, particularly residential projects in North America and Western Europe. Additionally, the rapid expansion of global manufacturing activities is driving demand for paints and coatings, which are extensively used in the production of motor vehicles, durable goods, and industrial maintenance applications. This trend ...