North America Epoxy Resin Market Size & Outlook, 2022-2030
North America epoxy resin market, 2019-2030 (US$M)
Related Markets
North America epoxy resin market highlights
- The North America epoxy resin market generated a revenue of USD 1,839.9 million in 2022.
- The market is expected to grow at a CAGR of 7.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,839.9 million |
| Market revenue in 2030 | USD 3,286.9 million |
| Growth rate | 7.5% (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, North America region accounted for 14.3% 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 38.13% in 2022. Horizon Databook has segmented the North America 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 construction industry in North America is expected to witness significant growth over the coming years, owing to the high demand for non-residential construction projects, such as hospitals, commercial buildings, and colleges.
The implementation of the "Affordable Healthcare Act" is also expected to stimulate the construction of a greater number of healthcare units and hospitals, which, in turn, is expected to boost the demand for paints & coatings in the region over the forecast period. This is likely to create demand for epoxy resins in paints & coatings applications.
Moreover, reconstruction activities in the U.S., coupled with infrastructure development in Canada and Mexico, are expected to provide lucrative growth potential for the epoxy resin market in North America over the forecast period.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
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North America epoxy resin market size, by country, 2019-2030 (US$M)
North America Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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