- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 25 Jan 2021
Epoxy resin market
The majority of epoxy resins are derived from petroleum and are well known for their curable nature.They are used as binders in cement and mortars, general purpose adhesives, industrial coatings, rigid foams, non-skid coatings, solidifying sandy surfaces in oil drilling, potting and encapsulating media.
On the basis of application epoxy resins segmented as; paints & coatings, electrical & electronics, construction, wind turbine, composites, adhesive and others. Paints & coatings accounted for around 42% of the global epoxy resin market. Construction industry accounted for the third-largest share of the epoxy resin market in 2015 and is expected to grow even more in the future.
The epoxy resin market accounted for USD 7.54 Billion in 2015 and is expected to reach USD 11.22 Billion by 2021, growing at a CAGR of around 6.9%.
The Asia Pacific was the dominant region in 2015, accounting for more than 63% of the market. Germany is the main epoxy resin market in Europe, accounting for about 30% of the European market in 2015.
High growth in end-user industries is the main driver for the epoxy resin market. The increasing use of wind turbines for power generation is driving force for epoxy resin in North America and this is expected to grow at a moderate rate to 2021.
The key players in the market include; Huntsman Corporation, Dow Chemical Company, Momentive Specialty Chemicals Inc., Nan Ya Plastic Corporation, Sika AG, Kukdo Chemical Co. Ltd., Ashland Inc., Cytec, NAMA Chemicals, 3M Company, Du Pont, BASF SE, Baling Petrochemical and Spol Chemie.
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
Engineers pay tribute by sharing their memories.
The hidden price of infrastructure.
BREEAM incorporates wellbeing into its Building Back Better programme.
Administration signals policy changes on some building-related issues.
From inns and coaching houses to boutiques.
Survey reveals green skills gap.
America's economic collapse produced scores of PWA Moderne projects.
The benefits of glowing aggregates and cement.
Urgent need for open communication to address mental health issues.
Guidance offered on COVID-19 green recovery, building safety and more.
Providing strength and support above the joists.