에폭시 수지 시장 : 시장 규모, 점유율 및 성장률 - 산업 분석, 유형별, 용도별, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of epoxy resin Market

The global epoxy resin market was valued at USD 14.32 billion in 2025 and is projected to grow to USD 15.07 billion in 2026, reaching USD 23.89 billion by 2034, registering a CAGR of 5.70% during 2025-2034. Asia Pacific dominated the market with a 68.9% share in 2025, driven by strong industrial production and high demand across end-use industries.

Epoxy resins are widely used due to their excellent durability, strong adhesion, and chemical resistance. These properties make them essential in applications such as coatings, adhesives, electrical insulation, and composites. Additionally, their ability to protect electronic components from moisture and dust enhances product lifespan, increasing adoption across electronics and electrical industries.

Market Trends

A major trend shaping the market is the growing demand for bio-based epoxy resins. Manufacturers are replacing 20-50% of petrochemical content with renewable materials such as lignin, vegetable oils, and tannins. This shift reduces reliance on harmful substances like BPA and aligns with global sustainability goals. Increasing environmental awareness and regulatory pressure are expected to accelerate the adoption of eco-friendly epoxy solutions during the forecast period.

Market Drivers

Growth of End-Use Industries

The steady expansion of industries such as construction, automotive, aerospace, and electronics is a primary driver of market growth. Epoxy resins are widely used in protective coatings, adhesives, and structural composites, making them indispensable in infrastructure and manufacturing activities. Increasing investments in construction and infrastructure projects globally are significantly boosting demand.

Rising Demand for Wind Energy

The growing wind energy sector is another key growth factor. Epoxy resins are extensively used in wind turbine blades due to their lightweight nature, high strength, and resistance to fatigue. As wind turbines increase in size and efficiency, the need for high-performance epoxy-based composites continues to rise, supporting long-term market expansion.

Market Restraints

Despite strong growth potential, the market faces challenges from volatile raw material prices. Epoxy resins are derived from petroleum-based inputs such as BPA and epichlorohydrin, making them sensitive to fluctuations in crude oil prices. Additionally, stringent environmental regulations related to VOC emissions increase production costs, especially for small and medium manufacturers.

Segmentation Analysis

By Application

The paints & coatings segment dominated the market in 2023 and is expected to maintain its leadership, accounting for 48.12% share in 2026. Epoxy coatings are widely used for their corrosion resistance, mechanical strength, and durability in applications such as marine, automotive, and industrial coatings.

The wind turbine & composites segment is projected to be the fastest-growing due to increasing investments in renewable energy. Meanwhile, the electrical & electronics segment held a 17.3% share in 2023, driven by rising demand for insulation materials and electronic protection systems.

Regional Insights

Asia Pacific

Asia Pacific led the global market with a valuation of USD 9.87 billion in 2025 and is projected to reach USD 10.48 billion in 2026. The region's dominance is attributed to strong manufacturing bases in China, India, Japan, and South Korea. Rapid industrialization and infrastructure development continue to drive demand.

Europe

Europe accounted for USD 1.96 billion in 2025 and is expected to reach USD 2.07 billion in 2026. Growth is supported by advancements in automotive manufacturing and increasing adoption of renewable energy solutions, particularly in Germany.

North America

North America held USD 1.32 billion in 2025, projected to reach USD 1.39 billion in 2026. Demand is driven by infrastructure development, electronics, and defense applications in the U.S.

Latin America, Middle East & Africa

These regions represent a smaller share but are expected to grow steadily due to industrial development, rising construction activities, and increasing investments in local production.

Competitive Landscape

Key players in the epoxy resin market include Kukdo Chemical, Huntsman Corporation, Olin Corporation, Nan Ya Plastics, Hexion Inc., Chang Chun Group, Aditya Birla Chemicals, Sika Group, DIC Corporation, and Sinopec. Companies are focusing on capacity expansion, acquisitions, and regional investments to strengthen their market presence.

Recent developments include capacity expansion projects by Grasim Industries in 2024 and strategic investments by DCM Shriram and other manufacturers to meet growing global demand.

Conclusion

In conclusion, the epoxy resin market is set for steady growth from 2025 to 2034, driven by expanding end-use industries and increasing adoption in renewable energy applications. The market will grow from USD 14.32 billion in 2025 to USD 23.89 billion by 2034, supported by technological advancements and rising demand for high-performance materials. While raw material price volatility and regulatory challenges remain concerns, the shift toward bio-based and sustainable epoxy solutions is expected to create new growth opportunities. Asia Pacific will continue to dominate, while emerging regions will contribute significantly to future expansion.

Unit Volume (Kiloton); Value (USD Billion)

Segmentation By Application

• Paint & Coatings
• Electrical & Electronics
• Wind Turbine & Composites
• Civil Engineering
• Adhesive & Sealants
• Others

By Geography

• North America (By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Application, By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Spain (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Application, By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • South Korea (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East and Africa (By Application, By Country)
  • GCC (By Application)
  • Rest of Middle East (By Application)
  • Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Regions
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
• 4.3. Latest Technological Advancements
• 4.4. Insights on Sustainability
• 4.5. Porters Five Forces Analysis
• 4.6. Impact of COVID-19 on the Market

5. Global Epoxy Resin Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Key Findings / Summary
• 5.2. By Application (Value & Volume)
  • 5.2.1. Paint & Coatings
  • 5.2.2. Electrical & Electronics
  • 5.2.3. Wind Turbine & Composites
  • 5.2.4. Construction
  • 5.2.5. Adhesive & Sealants
  • 5.2.6. Others
• 5.3. By Region (Value & Volume)
  • 5.3.1. North America
  • 5.3.2. Europe
  • 5.3.3. Asia pacific
  • 5.3.4. Latin America
  • 5.3.5. Middle East & Africa

6. North America Epoxy Resin Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Key Findings / Summary
• 6.2. By Application (Value & Volume)
  • 6.2.1. Paint & Coatings
  • 6.2.2. Electrical & Electronics
  • 6.2.3. Wind Turbine & Composites
  • 6.2.4. Construction
  • 6.2.5. Adhesive & Sealants
  • 6.2.6. Others
• 6.3. By Country (Value & Volume)
  • 6.3.1. U.S.
    • 6.3.1.1. By Application
      • 6.3.1.1.1. Paint & Coatings
      • 6.3.1.1.2. Electrical & Electronics
      • 6.3.1.1.3. Wind Turbine & Composites
      • 6.3.1.1.4. Construction
      • 6.3.1.1.5. Adhesive & Sealants
      • 6.3.1.1.6. Others
  • 6.3.2. Canada
    • 6.3.2.1. By Application
      • 6.3.2.1.1. Paint & Coatings
      • 6.3.2.1.2. Electrical & Electronics
      • 6.3.2.1.3. Wind Turbine & Composites
      • 6.3.2.1.4. Construction
      • 6.3.2.1.5. Adhesive & Sealants
      • 6.3.2.1.6. Others

7. Europe Epoxy Resin Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Key Findings / Summary
• 7.2. By Application (Value & Volume)
  • 7.2.1. Paint & Coatings
  • 7.2.2. Electrical & Electronics
  • 7.2.3. Wind Turbine & Composites
  • 7.2.4. Construction
  • 7.2.5. Adhesive & Sealants
  • 7.2.6. Others
• 7.3. By Country (Value & Volume)
  • 7.3.1. Germany
    • 7.3.1.1. By Application
      • 7.3.1.1.1. Paint & Coatings
      • 7.3.1.1.2. Electrical & Electronics
      • 7.3.1.1.3. Wind Turbine & Composites
      • 7.3.1.1.4. Construction
      • 7.3.1.1.5. Adhesive & Sealants
      • 7.3.1.1.6. Others
  • 7.3.2. U.K.
    • 7.3.2.1. By Application
      • 7.3.2.1.1. Paint & Coatings
      • 7.3.2.1.2. Electrical & Electronics
      • 7.3.2.1.3. Wind Turbine & Composites
      • 7.3.2.1.4. Construction
      • 7.3.2.1.5. Adhesive & Sealants
      • 7.3.2.1.6. Others
  • 7.3.3. France
    • 7.3.3.1. By Application
      • 7.3.3.1.1. Paint & Coatings
      • 7.3.3.1.2. Electrical & Electronics
      • 7.3.3.1.3. Wind Turbine & Composites
      • 7.3.3.1.4. Construction
      • 7.3.3.1.5. Adhesive & Sealants
      • 7.3.3.1.6. Others
  • 7.3.4. Spain
    • 7.3.4.1. By Application
      • 7.3.4.1.1. Paint & Coatings
      • 7.3.4.1.2. Electrical & Electronics
      • 7.3.4.1.3. Wind Turbine & Composites
      • 7.3.4.1.4. Construction
      • 7.3.4.1.5. Adhesive & Sealants
      • 7.3.4.1.6. Others
  • 7.3.5. Rest of Europe
    • 7.3.5.1. By Application
      • 7.3.5.1.1. Paint & Coatings
      • 7.3.5.1.2. Electrical & Electronics
      • 7.3.5.1.3. Wind Turbine & Composites
      • 7.3.5.1.4. Construction
      • 7.3.5.1.5. Adhesive & Sealants
      • 7.3.5.1.6. Others

8. Asia Pacific Epoxy Resin Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Key Findings / Summary
• 8.2. By Application (Value & Volume)
  • 8.2.1. Paint & Coatings
  • 8.2.2. Electrical & Electronics
  • 8.2.3. Wind Turbine & Composites
  • 8.2.4. Construction
  • 8.2.5. Adhesive & Sealants
  • 8.2.6. Others
• 8.3. By Country (Value & Volume)
  • 8.3.1. China
    • 8.3.1.1. By Application
      • 8.3.1.1.1. Paint & Coatings
      • 8.3.1.1.2. Electrical & Electronics
      • 8.3.1.1.3. Wind Turbine & Composites
      • 8.3.1.1.4. Construction
      • 8.3.1.1.5. Adhesive & Sealants
      • 8.3.1.1.6. Others
  • 8.3.2. India
    • 8.3.2.1. By Application
      • 8.3.2.1.1. Paint & Coatings
      • 8.3.2.1.2. Electrical & Electronics
      • 8.3.2.1.3. Wind Turbine & Composites
      • 8.3.2.1.4. Construction
      • 8.3.2.1.5. Adhesive & Sealants
      • 8.3.2.1.6. Others
  • 8.3.3. Japan
    • 8.3.3.1. By Application
      • 8.3.3.1.1. Paint & Coatings
      • 8.3.3.1.2. Electrical & Electronics
      • 8.3.3.1.3. Wind Turbine & Composites
      • 8.3.3.1.4. Construction
      • 8.3.3.1.5. Adhesive & Sealants
      • 8.3.3.1.6. Others
  • 8.3.4. South Korea
    • 8.3.4.1. By Application
      • 8.3.4.1.1. Paint & Coatings
      • 8.3.4.1.2. Electrical & Electronics
      • 8.3.4.1.3. Wind Turbine & Composites
      • 8.3.4.1.4. Construction
      • 8.3.4.1.5. Adhesive & Sealants
      • 8.3.4.1.6. Others
  • 8.3.5. Rest of Asia Pacific
    • 8.3.5.1. By Application
      • 8.3.5.1.1. Paint & Coatings
      • 8.3.5.1.2. Electrical & Electronics
      • 8.3.5.1.3. Wind Turbine & Composites
      • 8.3.5.1.4. Construction
      • 8.3.5.1.5. Adhesive & Sealants
      • 8.3.5.1.6. Others

9. Latin America Epoxy Resin Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Key Findings / Summary
• 9.2. By Application (Value & Volume)
  • 9.2.1. Paint & Coatings
  • 9.2.2. Electrical & Electronics
  • 9.2.3. Wind Turbine & Composites
  • 9.2.4. Construction
  • 9.2.5. Adhesive & Sealants
  • 9.2.6. Others
• 9.3. By Country (Value & Volume)
  • 9.3.1. Brazil
    • 9.3.1.1. By Application
      • 9.3.1.1.1. Paint & Coatings
      • 9.3.1.1.2. Electrical & Electronics
      • 9.3.1.1.3. Wind Turbine & Composites
      • 9.3.1.1.4. Construction
      • 9.3.1.1.5. Adhesive & Sealants
      • 9.3.1.1.6. Others
  • 9.3.2. Mexico
    • 9.3.2.1. By Application
      • 9.3.2.1.1. Paint & Coatings
      • 9.3.2.1.2. Electrical & Electronics
      • 9.3.2.1.3. Wind Turbine & Composites
      • 9.3.2.1.4. Construction
      • 9.3.2.1.5. Adhesive & Sealants
      • 9.3.2.1.6. Others
  • 9.3.3. Rest of Latin America
    • 9.3.3.1. By Application
      • 9.3.3.1.1. Paint & Coatings
      • 9.3.3.1.2. Electrical & Electronics
      • 9.3.3.1.3. Wind Turbine & Composites
      • 9.3.3.1.4. Construction
      • 9.3.3.1.5. Adhesive & Sealants
      • 9.3.3.1.6. Others

10. Middle East & Africa Epoxy Resin Market Analysis, Insights and Forecast, 2021-2034

• 10.1. Key Findings / Summary
• 10.2. By Application (Value & Volume)
  • 10.2.1. Paint & Coatings
  • 10.2.2. Electrical & Electronics
  • 10.2.3. Wind Turbine & Composites
  • 10.2.4. Construction
  • 10.2.5. Adhesive & Sealants
  • 10.2.6. Others
• 10.3. By Country (Value & Volume)
  • 10.3.1. GCC
    • 10.3.1.1. By Application
      • 10.3.1.1.1. Paint & Coatings
      • 10.3.1.1.2. Electrical & Electronics
      • 10.3.1.1.3. Wind Turbine & Composites
      • 10.3.1.1.4. Construction
      • 10.3.1.1.5. Adhesive & Sealants
      • 10.3.1.1.6. Others
  • 10.3.2. Rest of Middle East
    • 10.3.2.1. By Application
      • 10.3.2.1.1. Paint & Coatings
      • 10.3.2.1.2. Electrical & Electronics
      • 10.3.2.1.3. Wind Turbine & Composites
      • 10.3.2.1.4. Construction
      • 10.3.2.1.5. Adhesive & Sealants
      • 10.3.2.1.6. Others
  • 10.3.3. Africa
    • 10.3.3.1. By Application
      • 10.3.3.1.1. Paint & Coatings
      • 10.3.3.1.2. Electrical & Electronics
      • 10.3.3.1.3. Wind Turbine & Composites
      • 10.3.3.1.4. Construction
      • 10.3.3.1.5. Adhesive & Sealants
      • 10.3.3.1.6. Others

11. Competitive Landscape

• 11.1. Company Market Share/Ranking Analysis, 2025
• 11.2. Company Profiles
  • 11.2.1. Kukdo Chemical Co., Ltd.
    • 11.2.1.1. Overview
    • 11.2.1.2. Description
    • 11.2.1.3. Application Portfolio
    • 11.2.1.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.1.5. Recent Developments
  • 11.2.2. Huntsman Corporation
    • 11.2.2.1. Overview
    • 11.2.2.2. Description
    • 11.2.2.3. Application Portfolio
    • 11.2.2.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.2.5. Recent Developments
  • 11.2.3. Olin Corporation
    • 11.2.3.1. Overview
    • 11.2.3.2. Description
    • 11.2.3.3. Application Portfolio
    • 11.2.3.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.3.5. Recent Developments
  • 11.2.4. Nan Ya Plastics Corporation
    • 11.2.4.1. Overview
    • 11.2.4.2. Description
    • 11.2.4.3. Application Portfolio
    • 11.2.4.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.4.5. Recent Developments
  • 11.2.5. Hexion Inc. (Westlake Chemicals)
    • 11.2.5.1. Overview
    • 11.2.5.2. Description
    • 11.2.5.3. Application Portfolio
    • 11.2.5.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.5.5. Recent Developments
  • 11.2.6. Chang Chun Group
    • 11.2.6.1. Overview
    • 11.2.6.2. Description
    • 11.2.6.3. Application Portfolio
    • 11.2.6.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.6.5. Recent Developments
  • 11.2.7. Aditya Birla Chemicals
    • 11.2.7.1. Overview
    • 11.2.7.2. Description
    • 11.2.7.3. Application Portfolio
    • 11.2.7.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.7.5. Recent Developments
  • 11.2.8. Sika Group
    • 11.2.8.1. Overview
    • 11.2.8.2. Description
    • 11.2.8.3. Application Portfolio
    • 11.2.8.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.8.5. Recent Developments
  • 11.2.9. DIC Corporation
    • 11.2.9.1. Overview
    • 11.2.9.2. Description
    • 11.2.9.3. Application Portfolio
    • 11.2.9.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.9.5. Recent Developments
  • 11.2.10. China Petrochemical & Chemical Corporation (SINOPEC)
    • 11.2.10.1. Overview
    • 11.2.10.2. Description
    • 11.2.10.3. Application Portfolio
    • 11.2.10.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.10.5. Recent Developments

12. Strategic Recommendations