Asia Pacific Epoxy Resin Market Size & Outlook, 2022-2030
Asia Pacific epoxy resin market, 2019-2030 (US$M)
Related Markets
Asia Pacific epoxy resin market highlights
- The Asia Pacific epoxy resin market generated a revenue of USD 7,645.1 million in 2022.
- The market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, paints & coatings was the largest revenue generating application in 2022.
- Construction is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 7,645.1 million |
| Market revenue in 2030 | USD 11,542.8 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Paints & coatings |
| Fastest growing segment | Construction |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paints & Coatings, Wind Turbines, Composites, Construction, Electrical & Electronics, Adhesives |
| Key market players worldwide | 3M Co, Aditya Birla Group, Basf SE, Solvay SA, Huntsman Corp, Olin Corp, Sika AG, Nan Ya Plastics, China Petroleum & Chemical Corp Class H, Momentive, Kolon Industries, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 59.5% of the global epoxy resin market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,286.9 million by 2030.
Paints & coatings was the largest segment with a revenue share of 37.17% in 2022. Horizon Databook has segmented the Asia Pacific epoxy resin market based on paints & coatings, wind turbines, composites, construction, electrical & electronics, adhesives covering the revenue growth of each sub-segment from 2019 to 2030.
The epoxy resin market across the Asia Pacific is expected to witness considerable growth over the forecast period rising construction activities and growing demand from the automotive sector in emerging countries, such as India, Japan, and South Korea, are expected to drive the market over the forecast period.
Furthermore, the easy availability of raw materials has provided a huge opportunity for the use of epoxy resin-based products in various end-use sectors such as construction, automotive, paints & coatings, and others. The low labor cost in emerging nations of Asia Pacific has attracted many foreign investors to set up their manufacturing facilities here.
Thus, the growing number of manufacturing facilities is boosting construction activities in the region, which, in turn, is anticipated to propel the demand for epoxy resins over the forecast period.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific epoxy resin market size, by country, 2019-2030 (US$M)
Asia Pacific Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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