Taiwan Epoxy Resin Market Size & Outlook, 2022-2030
Taiwan epoxy resin market, 2019-2030 (US$M)
Related Markets
Taiwan epoxy resin market highlights
- The Taiwan epoxy resin market generated a revenue of USD 400.2 million in 2022 and is expected to reach USD 642.8 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 6.1% 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 400.2 million |
| Market revenue in 2030 | USD 642.8 million |
| Growth rate | 6.1% (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, Taiwan accounted for 3.1% 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 36.08% in 2022. Horizon Databook has segmented the Taiwan 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.
Taiwan has witnessed rapid growth across energy transitions, especially in offshore wind energy generation in recent years owing to the rise in demand from consumers for corporate Power Purchase Agreements (PPA) in renewable energy post the amendment of the Electricity Act which was passed on January 11, 2018.
According to the Ministry of Economic Affairs (MOEA) as of January 2023, the Taiwanese Government had planned to generate about 30% of the energy from renewable energy by 2030. These factors are likely to increase the demand for epoxy resins across the wind turbine segment 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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Taiwan epoxy resin market size, by application, 2019-2030 (US$M)
Taiwan Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
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