Global Perspectives: Epoxy Resin Market Insights by Region
The global epoxy resin market size was estimated at USD 11.25 billion in 2023 and is anticipated to expand at a CAGR of 6.3% from 2024 to 2030. The increasing demand for paints and coatings is expected to be a key driver of market growth during the forecast period. This surge in demand for epoxy resins is primarily due to heightened spending on construction, particularly in the residential sector, with North America and Western Europe witnessing notable growth. Furthermore, the rapid escalation of global manufacturing activities is projected to drive the consumption of paints and coatings, particularly in the production of motor vehicles, durable goods, and industrial maintenance applications, further boosting the demand for epoxy resins worldwide. In recent years, there has been a significant rise in global automotive production, driven by growing demand from middle-class families and increasing disposable incomes in emerging nations such ...