Japan Epoxy Resin Market Size & Outlook, 2022-2030
Japan epoxy resin market, 2019-2030 (US$M)
Related Markets
Japan epoxy resin market highlights
- The Japan epoxy resin market generated a revenue of USD 570.4 million in 2022 and is expected to reach USD 934.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.4% 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 570.4 million |
| Market revenue in 2030 | USD 934.9 million |
| Growth rate | 6.4% (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, Japan accounted for 4.4% 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 37.03% in 2022. Horizon Databook has segmented the Japan 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 electrical & electronics segment is expected to witness significant growth over the forecast period. Shifting preferences toward smart offices and smart homes, coupled with the growing disposable income of consumers, is mainly driving the growth of epoxy resins within the electrical & electronics industry.
In addition, the presence of major players, including Casio, Akai, Canon, Hitachi, Mitsubishi Electric, Citizen, Fujitsu, Kyocera, NEC, Nikon, Olympus, Panasonic, Pioneer, Seiko Group, Sharp Corporation, Sony, Toshiba, and Yamaha, is creating large production base for electrical & electronics products in the country, thereby driving the demand for epoxy resins in electrical & electronics end user.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan epoxy resin market size, by application, 2019-2030 (US$M)
Japan Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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