China Epoxy Resin Market Size & Outlook, 2022-2030
China epoxy resin market, 2019-2030 (US$M)
Related Markets
China epoxy resin market highlights
- The China epoxy resin market generated a revenue of USD 5,433.1 million in 2022 and is expected to reach USD 7,745.1 million by 2030.
- The China market is expected to grow at a CAGR of 4.5% 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.
Epoxy resin market data book summary
| Market revenue in 2022 | USD 5,433.1 million |
| Market revenue in 2030 | USD 7,745.1 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Paints & coatings |
| Fastest growing segment | Construction |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 42.3% of the global epoxy resin market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China epoxy resin market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 767.3 million by 2030.
Paints & coatings was the largest segment with a revenue share of 37.24% in 2022. Horizon Databook has segmented the China 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.
China dominated the Asia Pacific epoxy resin market, in terms of both revenue and volume, in 2023. China is one of the fastest-growing economies in the world. The rising number of infrastructure development projects and the growing manufacturing industry are expected to drive market growth over the forecast period.
China’s construction market is likely to outperform other Southeast Asian countries, owing to government initiatives and funding to retain its development. For instance, in December 2023, the National Development and Reform Commission (NDRC) of China announced a grant of USD 139 billion for the first group of approximately 2,900 projects, which will receive support from additional government bonds.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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China epoxy resin market size, by application, 2019-2030 (US$M)
China Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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