Europe Epoxy Resin Market Size & Outlook, 2022-2030
Europe epoxy resin market, 2019-2030 (US$M)
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Europe epoxy resin market highlights
- The Europe epoxy resin market generated a revenue of USD 2,331.5 million in 2022.
- The market is expected to grow at a CAGR of 6.6% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 2,331.5 million |
| Market revenue in 2030 | USD 3,882.7 million |
| Growth rate | 6.6% (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, Europe region accounted for 18.2% 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 37.8% in 2022. Horizon Databook has segmented the Europe 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.
Europe is the second-largest market for epoxy resin, after Asia Pacific. Increasing product demand for various applications, such as paints & coatings, construction, wind turbines, electrical & electronics, and others, is expected to drive the epoxy resin market in Europe over the forecast period.
The strong manufacturing bases of companies, such as Volkswagen AG, Chevrolet, Daimler-Chrysler, MercedesBenz, and Dodge, in the region are expected to drive the demand for paints & coatings, thereby creating lucrative opportunities for epoxy resin over the forecast period.
Increasing funding from the EU and supportive measures, such as subsidies, tax breaks, and incentives, taken by various governments are anticipated to augment the growth of the construction sector in the region, which, in turn, is projected to fuel the demand for epoxy resins.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe epoxy resin market size, by country, 2019-2030 (US$M)
Europe Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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