Modified Epoxy Resin Market To Reach $32.37 Billion By 2030

Modified Epoxy Resin Market Growth & Trends

The global modified epoxy resin market size is anticipated to reach USD 32.37 billion by 2030 and is projected to grow at a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The modified epoxy resin industry is a critical segment of the global specialty chemicals industry, recognized for its superior adhesion, chemical resistance, and mechanical strength. Modified epoxy resins, derived from advanced polymer formulations, are widely used across diverse industries, including electronics, aerospace, automotive, and construction. Their ability to enhance durability, thermal stability, and corrosion resistance makes them essential in applications requiring long-term performance under extreme conditions. With increasing technological advancements, these resins are being tailored for specific industry needs, such as high-flexibility variants for automotive adhesives and ultra-high-temperature-resistant coatings for aerospace components.

A key driver of the modified epoxy resin industry is the growing demand for high-performance materials in advanced manufacturing and infrastructure development. Compared to traditional resins, modified epoxy formulations offer enhanced mechanical properties, better environmental resistance, and improved processing efficiency, making them a preferred choice in industries that prioritize reliability and longevity. The surge in electric vehicle (EV) production, expansion of renewable energy projects, and increasing adoption of smart electronics are further fuelling demand. In addition, continuous R&D efforts are leading to innovations in bio-based and sustainable epoxy resins, aligning with global regulatory shifts and corporate sustainability goals.

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in August 2023, Empa researchers have developed a new type of epoxy resin that is recyclable, repairable, and flame-retardant, while still maintaining the desirable qualities of traditional epoxy resins.

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Modified Epoxy Resin Market Report Highlights

• The solvent-based segment led the market with the largest revenue share of 71.55% in 2024.

• Based on application, the building & construction segment led the market with the largest revenue share of 46.10% in 2024.

• Asia Pacific dominated the market with the largest revenue share of 42.50% in 2024. The region’s dominance in electronics manufacturing, particularly in consumer devices and printed circuit boards (PCBs), is fueling demand for epoxy resins with enhanced thermal stability and electrical insulation.

• China was the leading manufacturer of modified epoxy resin in the North America region and captured around 35% of the revenue market share in 2024.

Modified Epoxy Resin Market Segmentation

Grand View Research has segmented the global modified epoxy resin market based on the product type, application, and region:

Modified Epoxy Resin Product Type Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• Solvent Based

• Water Based

Modified Epoxy Resin Application Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• Building & Construction

• Automotive

• Aerospace

• Marine

• Others

Modified Epoxy Resin Regional Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players operating in Modified Epoxy Resin Market

• Olin Corporation

• Hexion Inc.

• Aditya Birla Chemicals

• Kukdo Chemical Co., Ltd

• Westlake Epoxy

• Hindusthan Speciality Chemicals

• Adeka Corporation

• Chemex Chemicals

• Nan Ya Plastics Corporation

• Huntsman Corporation