The global market for epoxy resins in terms of revenue was estimated to be worth around $5.5 billion in 2011 and is expected to reach $8.4 billion by 2017, growing at an estimated CAGR of 7.3 percent from 2012 to 2017. Asia-Pacific is the largest market. The demand for epoxy resins market is expected to rise in Asia-Pacific due to robust growth in end-user industries of China and India.
Epoxy resins are thermosetting polymers and known for their high quality performance in various industrial applications for corrosion protection, thermal stability, mechanical strength, moisture resistivity, adhesion, etc. The epoxy resins market is well correlated to its end-user application industry's growth and growing R&D efforts in modified epoxy resin field, is widening its reach in industrial applications.
Bisphenol A and Epichlorohydrin are major raw materials in the production of epoxy resins and any change in the demand and supply of these raw materials could have a major impact on the epoxy resin industry.