The Europe Epoxy Resin Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 410.60 kilo tonnes, showcasing a growth of 5.4% (2019-2022).
In the epoxy resin market, paints and coatings represent a significant application segment, accounting for a substantial portion of the overall demand. It is widely utilized as binders and film formers in paints and coatings due to their exceptional adhesion, chemical resistance, mechanical strength, and durability. Therefore, the Germany market would utilize 68.65 kilo tonnes of epoxy resin in paints and coatings segment by 2030.
The Germany market dominated the Europe Epoxy Resin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $721 million by 2030. The UK market is registering a CAGR of 5.1% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 6.8% during (2023 - 2030).
It is used to reinforce and repair the construction industry's concrete, masonry, and steel structures. Epoxy-based composites, such as carbon fiber reinforced polymers (CFRP) and glass fiber reinforced polymers (GFRP), enhance the strength, stiffness, and durability of buildings, bridges, tunnels, and infrastructure. For example, in 2022, the U.K. Government planned to invest over 160 million dollars to improve infrastructure and aid local communities. The expenditure of £35.3 million for essential maintenance on the Tyne Bridge and adjacent Central Motorway, like enhancements to traffic management and cycle route facilities, will generate £130.5 million in economic benefits by enhancing local connectivity. The A35 Redbridge Causeway is a crucial link between the New Forest, Southampton, and its port. Its essential maintenance will cost £13.4 million, and enhanced connectivity will result in roughly £340 million in direct economic benefits.
Epoxy flooring systems are popular for their durability, chemical resistance, and decorative options in commercial, industrial, and residential settings. Epoxy coatings and overlays provide seamless, easy-to-clean surfaces that withstand heavy foot traffic, abrasion, chemicals, and moisture, making them ideal for warehouses, garages, laboratories, and healthcare facilities. For example, as per the International Trade Administration (ITA), in 2023, Saudi Arabia spent $50.4 billion on healthcare and social development, 16.96 percent of its 2023 budget, and education's second largest line item.
The transition towards electric and hybrid vehicles (EVs and HEVs) in the European automotive industry presents opportunities for epoxy resin materials. Epoxy resin materials are crucial in producing EV battery enclosures, structural components, and lightweighting solutions to optimize energy efficiency and extend the European vehicle range. The rising demand for electric and hybrid vehicles in Europe is driving the use of materials based on epoxy resin, which is helping the automotive sector expand its market. Its manufacturers in Europe increasingly focus on sustainability and environmental stewardship in their product development and manufacturing processes. Epoxy resin composites enable greater design freedom and flexibility than traditional materials, allowing automakers to create complex shapes, aerodynamic profiles, and innovative vehicle architectures in Europe. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Epoxy Resin Market will Hit USD 15.9 Billion by 2030, at a CAGR of 6.3%
Based on Form, the market is segmented into Liquid, and Solid. Based on Application, the market is segmented into Paints & Coatings, Adhesives & Sealants, Composites, Electronic Encapsulation, and Others. Based on Type, the market is segmented into DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines & ECH), and Others. Based on End-use, the market is segmented into Building & Construction, Transportation, General Industrial, Consumer Goods, Wind Energy, Aerospace, Marine & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 