Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global Commodity Insights
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Engineering Solutions
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global’s offerings.
Investor Relations
  • Investor Relations Overview
  • Presentations
  • Investor Fact Book
  • News Releases
  • Quarterly Earnings
  • SEC Filings & Reports
  • Executive Committee
  • Merger Information
  • Governance
  • Stock & Dividends
  • Shareholder Services
  • Contact
English
  • Español
  • 中文网站
  • Português
  • 한국어
  • हिंदी
  • English (Australia)
  • 日本語
Support
  • Get Support
  • System Notifications
  • Delivery Platforms & Partners
  • Regulatory Engagement
Login Register
  • Commodities
  • Products & Services
  • Methodology
  • Market Insights
  • Analytics
  • Events
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Engineering Solutions
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
  • Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition
    Latest in Commodities
    Listen: What is happening to Russian oil flows ahead of EU sanctions?

    How has the Ukraine war already impacted Russian crude oil and refined products flows? What will...

    IEA joins call for hourly renewable energy buying

    The International Energy Agency has joined industry calls to overhaul the way companies buy...

    INTERVIEW: Japan's Jogmec keen to support energy transition projects in Saudi Arabia, UAE

    Japan Oil, Gas and Metals National Corp. is keen to support energy transition projects in Saudi...

  • Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition
    I Need
    Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data
  • Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints
    References
    Market On Close Index Sourced Data (Survey) Methodology Review & Change MOC Participation Guidelines Holiday SEE ALL REFERENCE TOOLS
  • Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog    Top 250 Rankings   
    Latest in Market Insights
  • Oil LNG Natural Gas Electric Power Coal NGL & Petrochemicals Metals Agriculture Energy Transition
    PLATTS ANALYTICS PRODUCT PLATFORM
    ACCESS ANALYTICS HUB
  • All Events Webinars Conferences Methodology Education Training and eLearning Forums Global Energy Awards    Global Metals Awards   
    Featured Events
    Trainings,Training and eLearning Trainings courses at Global Carbon Markets Conference
    • 2022-11-28T00:00:00Z
    • Barcelona, Spain
    Trainings,Training and eLearning Global Carbon Markets Conference
    • 2022-11-28T00:00:00Z
    • Barcelona, Spain
    Trainings,Training and eLearning Barcelona Bunker Fuel Conference
    • 2022-11-28T00:00:00Z
    • Barcelona, Spain

Epoxy Resins

Published August 2021

Epoxy resins are thermosetting resins, meaning that they do not develop useful properties until they are reacted with suitable cross-linking agents. There is a limited amount of high-molecular-weight epoxy resin that forms useful properties as a thermoplastic coating. Epoxy resins can be used in various forms, including as liquids (liquid epoxy resins [LERs]) and solids, as well as dissolved in solvents, such as water and organic solvents. Production and consumption data are usually expressed as a combination of all resin forms from basic producers like Olin, Hexion, and Huntsman.

Producers of epoxies also sell basic forms of resin (mainly LER) to customers such as coatings producers that modify them to achieve certain properties. The leading market for epoxies is coatings, which account for 45–50% of consumption. Other large markets are electrical/electronics, adhesives, construction, and composites. About 80% of epoxies are considered commodities; the other 20% are specialties (e.g., industrial adhesives for automotive and composites for aerospace and wind turbine blades).

The following chart shows world consumption of epoxy resins:

Growth markets for epoxies include

  • Composites, produced by the carbon fiber reinforcement of plastics like epoxy resins (CFRP epoxies). The principal uses are in aircraft, wind turbine blades, sporting goods, pressure vessels, and automotive. These superstrong, lightweight CFRP epoxies are used to make part of the structure of Boeing 787 Dreamliners and Airbus A350 models, as well as other aircraft. Use in offshore wind turbine blades is expected to grow by 10% or more in the next few years. The pressure vessel market is expanding as a result of greater use of compressed natural gas for vehicles. In automotive, BMW currently uses CFRP epoxy for some parts used in its 3 and 7 series models, and adoption by other brands is expected in the near future.
  • Adhesives, which are being used in greater quantities in automotive assembly operations to bond dissimilar materials of construction (such as steel, plastics, and aluminum), which are difficult to bond with mechanical fasteners.

The three leading Western producers of epoxy resins are Olin, Hexion, and Huntsman, which have dominant positions in North America and Western Europe, but much less interest in Asia. Starting in 2010, there was considerable expansion of capacity in mainland China and South Korea, which led to falling prices and poor profitability, especially in the commodity-based resins business. As a result, Dow Chemical divested its base epoxy interests in mid-2015. In addition, Huntsman and Hexion recently closed some of their plants in Europe and North America.

The specialty epoxies business is currently the more attractive portion of the industry since there are higher barriers to entry and requirements, like formulating skills and technical support, are highly valued.

Global epoxy resin demand is forecast to grow at an average annual rate of 3.4% during 2021–26. The fastest growing markets will continue to be in Asia.

For more detailed information, see the table of contents, shown below.

S&P Global’s Chemical Economics Handbook – Epoxy Resins is the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including

Key Benefits

S&P Global’s Chemical Economics Handbook – Epoxy Resins has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with S&P Global’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade, and economics.

This report can help you

  • Identify trends and driving forces influencing chemical markets
  • Forecast and plan for future demand
  • Understand the impact of competing materials
  • Identify and evaluate potential customers and competitors
  • Evaluate producers
  • Track changing prices and trade movements
  • Analyze the impact of feedstocks, regulations, and other factors on chemical profitability

Go to Customer Login

Email

Buy individual report now

Contact:
customercare@ihsmarkit.com

Find the chemical expertise you need

Contact a chemical expert or request a demo today.
Get started

View Report

Contents

Executive summary 7
Summary 8
Introduction 12
Manufacturing processes 15
Environmental issues 17
Supply and demand by region 23
United States 23
Producing companies 23
Salient statistics 24
Consumption 25
Protective coatings 26
Adhesives 28
Civil engineering 30
Vinyl ester resins 31
Composites 32
Pressure vessels 34
Aircraft/aerospace 35
Recreational 37
Automotive 37
Wind turbine blades 39
Other 40
Electrical/electronic laminates 40
Embedding and tooling 41
Embedding 41
Tooling 43
Other 43
Price 43
Trade 45
Imports 45
Exports 46
Canada 47
Mexico 47
Central and South America 48
Producing companies 48
Salient statistics 49
Western Europe 50
Producing companies 50
Production 51
Consumption 52
Coatings 53
Powder coatings 54
Radiation-curable coatings 54
Can and coil coatings 54
Anticorrosion coatings 55
Transportation 55
General industrial coatings 56
Composites 56
Wind energy 56
Pressurized fiberglass tanks and pipes 57
Aircraft/aerospace 57
Automotive 57
Recreational 58
Civil engineering (flooring, paving, and construction) 58
Adhesives and sealants 59
Electrical and electronics 59
Electronic laminates 59
Electrical applications 60
Vinyl esters 60
Tooling 60
Price 61
Trade 61
Central and Eastern Europe 62
Producing companies 62
Salient statistics 63
Consumption 63
Coatings 64
Powder coatings 64
Can and coil coatings 64
Anticorrosion coatings 65
Composites 65
Adhesives and sealants 65
Flooring 65
Vinyl esters 65
Trade 66
Middle East 67
Producing companies 67
Salient statistics 67
Consumption 68
Powder coatings 68
Composites 69
Adhesives 69
Vinyl esters 69
Trade 69
Africa 70
Mainland China 71
Producing companies 71
Salient statistics 74
Consumption 74
Surface coatings 75
Powder coatings 75
Marine and maintenance 76
Automotive 76
Other 76
Electrical/electronic applications 76
Composites 77
Adhesives 77
Price 78
Trade 79
Imports 79
Exports 80
Japan 80
Producing companies 80
Production 82
Consumption 83
Surface coatings 84
Electrical applications 85
Construction/building and adhesives/bonding 86
Other 86
Price 86
Trade 87
Imports 87
Exports 88
South Korea 89
Producing companies 89
Salient statistics 90
Consumption 90
Trade 90
Taiwan 91
Producing companies 91
Salient statistics 92
Consumption 93
Trade 93
Other Asia Pacific 94
Producing companies 94
Salient statistics 95
Southeast Asia and Oceania 95
Indian Subcontinent 97
Appendix—Curing agents 99
Additional resources 104
Revisions 106
Data Workbook 107
Notice 108

Products & Solutions from related industries

Chemical Image

Acetaldehyde - Chemical Economics Handbook (CEH)

Chemical Image

Acetic Anhydride - Chemical Economics Handbook (CEH)

Chemical Image

Acetic Acid - Chemical Economics Handbook (CEH)

Chemical Image

Acetone - Chemical Economics Handbook (CEH)

Chemical Image

Acetonitrile - Chemical Economics Handbook (CEH)

Chemical Image

Acetylene - Chemical Economics Handbook (CEH)

Chemical Image

Acrylamide - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic Acid, Acrylate Esters and Polymers - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic and Modacrylic Fibers - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic Surface Coatings - Chemical Economics Handbook (CEH)

Chemical Image

Acrylonitrile-Butadiene-Styrene (ABS) Resins -Chemical Economics Handbook-CEHl Economics Handbook (CEH)

Chemical Image

Acrylonitrile - Chemical Economics Handbook (CEH)

Chemical Image

Adipic Acid - Chemical Economics Handbook (CEH)

Chemical Image

Activated Carbon - Chemical Economics Handbook (CEH)

Chemical Image

Air Separation Gases - Chemical Economics Handbook (CEH)

Chemical Image

Alkyd/Polyester Surface Coatings - Chemical Economics Handbook (CEH)

Chemical Image

Alkyl Acetates - Chemical Economics Handbook (CEH)

Chemical Image

Alkylamines (C1-C6) - Chemical Economics Handbook (CEH)

{"items" : [ {"name":"chat","enabled":true,"desc":"Chat Now","mobdesc":"Chat","mobmsg":"Welcome! How can we help you today?"}, {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fepoxy-resins-chemical-economics-handbook.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fepoxy-resins-chemical-economics-handbook.html&text=Epoxy+Resins+-+Chemical+Economics+Handbook+(CEH)+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fepoxy-resins-chemical-economics-handbook.html","enabled":true},{"name":"email","url":"?subject=Epoxy Resins - Chemical Economics Handbook (CEH) | S&P Global&body=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fepoxy-resins-chemical-economics-handbook.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Epoxy+Resins+-+Chemical+Economics+Handbook+(CEH)+%7c+S%26P+Global http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fepoxy-resins-chemical-economics-handbook.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort
  • About S&P Global Commodity Insights
  • Media Center
  • Advertisers
  • Locations
  • Get Support
  • Contact Us
  • Careers
  • Corporate Responsibility
  • History
  • Investor Relations
  • Leadership
  • Glossary
  • © 2022 by S&P Global Inc. All rights reserved.
  • Terms of Use
  • Do Not Sell My Personal Information
  • Privacy Policy & Cookie Notice
  • Site Map