Germany Epoxy Resin Market Size & Outlook, 2022-2030
Germany epoxy resin market, 2019-2030 (US$M)
Related Markets
Germany epoxy resin market highlights
- The Germany epoxy resin market generated a revenue of USD 742.1 million in 2022 and is expected to reach USD 1,260.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.8% 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 742.1 million |
| Market revenue in 2030 | USD 1,260.5 million |
| Growth rate | 6.8% (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, Germany accounted for 5.8% 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 Europe, Germany epoxy resin market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,260.5 million by 2030.
Paints & coatings was the largest segment with a revenue share of 38.63% in 2022. Horizon Databook has segmented the Germany 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 presence of numerous manufacturers of automotive in Germany and the availability of skilled labor have increased the consumption of paints & coatings in the country. Germany is the manufacturing hub of Europe and is the largest manufacturer of automobiles in the region.
Technology advancements, such as EVs and self-driving cars, are anticipated to boost the growth of the automotive industry in the country, which is anticipated to create demand for paints & coatings in the coming years. In addition, the growing electrical & electronics industry, owing to the increasing investments and expansions, is anticipated to create huge demand for epoxy resins in the country 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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Germany epoxy resin market size, by application, 2019-2030 (US$M)
Germany Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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