Press Releases

Epoxy Resin Sales Are Solidifiying

June 14, 2017

Wellesley, Mass., Jun 14, 2017 – In its second report on global sales of epoxy resins and hardeners, BCC Research forecasts a nearly 7% growth rate through 2021. The industry is recovering from a 2014-15 slowdown caused by government bans of Bisphenol A, also called BPA, in plastics for Europe and North America. For 2016, total sales were estimated at $7.5 billion and companies including DuPont, Solvay, 3M and BASF are some of the well-known industrial brands in the sector, according to Epoxy Resins: Applications and Global Markets.

Electrical and electronics industries make the greatest use of epoxy resins. These chemical resistant, heat-proof and moisture-proof coatings are in use everywhere from product wiring and floor coatings to paints and sealants. BCC Research sees growing demand for these chemical resins and hardeners, particularly in Asia/Pacific nations where building construction and industrial output is increasing.

Research Highlights

  • From its current level, the global market should reach $10.2 billion by 2021.
  • Epoxy sales in 2016 were estimated at $6.1 billion and hardeners at $1.4 billion.
  • These tough, lightweight chemicals tend to be produced nearby to where consumers need them, as part of a just-in-time industrial supply market.

“The durability of these compounds is a big factor and new applications are proliferating,” said Kevin Fitzgerald, editorial director at BCC Research. "In 2015, electrical uses such as wire coatings and insulation were the main demands, but we are seeing new uses in wind energy products, adhesives and even some niche product lines as artist’s materials.”

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

Epoxy Resins: Applications and Global Markets( PLS077B )
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