Market Forecast By Physical Form (Liquid, Solid, Solution), By Application (Paints & Coatings, Adhesives & Sealants, Composites), By End Use Industry (Building & Construction, Aerospace, Wind Power, Marine, Consumer Goods) And Competitive Landscape
Product Code: ETC4511976 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Australia Epoxy Resin Market |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Aerospace and defense |
Australia Epoxy Resin Market report thoroughly covers the market by physical form, application and End -use Industry. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Epoxy Resin Market is poised for growth, driven by increasing renovation projects and the expanding construction sector. However, it faces challenges such as the volatility in raw material prices, particularly bisphenol-A (BPA) and epichlorohydrin, which affect production costs. Despite these hurdles, the market offers significant opportunities, notably the rising demand for bio-based and high-performance epoxy resins. These products appeal to a market increasingly focused on sustainability and performance, catering to industries that demand materials capable of withstanding severe conditions. The competitive landscape of this market is robust, featuring both local and international players, indicating healthy competition and innovation
According to 6Wresearch, the Australia Epoxy Resin Market size is projected to grow at the CAGR of 6% during the forecast period of 2025-2031. The market growth is driven by the increasing demand for epoxy resins in various end-use industries. The rapid development of infrastructure and construction projects in Australia has led to a rise in demand for epoxy resins for flooring, waterproofing, and other applications. Moreover, the growing automotive industry and the use of lightweight materials have also contributed to the growth of the epoxy resin market. The increasing use of composites in aerospace and defense industries is another factor driving market growth. However, strict environmental regulations regarding the use of certain chemicals in epoxy resins may hinder market growth. Additionally, the availability of alternative products such as polyurethane and silicone could also pose a challenge to the growth of the epoxy resin market. One of the major challenges is the fluctuating prices of raw materials used in the production of epoxy resin. The prices of key raw materials such as bisphenol-A (BPA) and epichlorohydrin have been volatile, impacting the overall cost of production. Despite these challenges, there are numerous opportunities for Australia Epoxy Resin Market Growth. The growing demand for eco-friendly and sustainable materials has led to the development of bio-based epoxy resins, which could open up new avenues for market growth. Furthermore, the increasing use of epoxy resins in 3D printing, particularly in the healthcare sector, is expected to create opportunities for market expansion. The growing trend of DIY projects and crafts using epoxy resin is also a potential opportunity for market growth.
The Australian government has introduced various policies and schemes to bolster the manufacturing sector, including the epoxy resin market. Incentives for research and development (R&D) encourage innovation in developing more sustainable and high-performance epoxy resins. Furthermore, environmental regulations pushing for reduced VOC emissions and a lower carbon footprint have led to a shift towards the production of eco-friendly resins. Such initiatives not only support market growth but also align with global sustainability goals.
The competitive landscape in epoxy resin market in Australia is marked by the presence of key industry players such as Huntsman Corporation, Hexion Inc., and Olin Corporation. These companies lead the market through innovation, quality, and strategic partnerships. Their commitment to R&D and sustainability positions them at the forefront of the industry, catering to the demand for advanced materials. Additionally, local manufacturers and startups are emerging, introducing competitive dynamics and diversification in the market.
The future of the Australia epoxy resin industry looks promising with a strong emphasis on sustainability and innovation. The increasing demand for eco-friendly materials is expected to drive the development of bio-based epoxy resins. Additionally, advancements in technology will likely enable the production of resins with enhanced properties such as improved thermal resistance and mechanical strength. As industries such as aerospace, automotive, and electronics continue to evolve, the demand for high-performance resins will rise. The market's growth will be further supported by government initiatives aimed at fostering innovation and sustainability within the manufacturing sector.
The composites segment is expected to grow in the Australian epoxy resin market due to increasing demand for lightweight and high-strength materials in various industries such as aerospace, wind power, and marine. The use of epoxy resins in composites offers superior properties such as corrosion resistance, durability, and flexibility, making it a preferred choice among manufacturers. With the growth of these industries and the shift towards sustainable materials, the composites segment is expected to expand significantly in the coming years.
According to Dhaval, Research Manager, 6Wresearch, the building and construction segment is expected to grow as it accounts for a significant portion of the demand for epoxy resins. The rise in infrastructure development, population growth, and urbanization has led to an increased demand for durable and strong materials, fueling the growth of this segment.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Epoxy Resin Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Epoxy Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Epoxy Resin Market - Industry Life Cycle |
3.4 Australia Epoxy Resin Market - Porter's Five Forces |
3.5 Australia Epoxy Resin Market Revenues & Volume Share, By Physical Form, 2021 & 2031F |
3.6 Australia Epoxy Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Australia Epoxy Resin Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Australia Epoxy Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Epoxy Resin Market Trends |
6 Australia Epoxy Resin Market, By Types |
6.1 Australia Epoxy Resin Market, By Physical Form |
6.1.1 Overview and Analysis |
6.1.2 Australia Epoxy Resin Market Revenues & Volume, By Physical Form, 2021-2031F |
6.1.3 Australia Epoxy Resin Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.4 Australia Epoxy Resin Market Revenues & Volume, By Solid, 2021-2031F |
6.1.5 Australia Epoxy Resin Market Revenues & Volume, By Solution, 2021-2031F |
6.2 Australia Epoxy Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Epoxy Resin Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 Australia Epoxy Resin Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.4 Australia Epoxy Resin Market Revenues & Volume, By Composites, 2021-2031F |
6.3 Australia Epoxy Resin Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Australia Epoxy Resin Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 Australia Epoxy Resin Market Revenues & Volume, By Aerospace, 2021-2031F |
6.3.4 Australia Epoxy Resin Market Revenues & Volume, By Wind Power, 2021-2031F |
6.3.5 Australia Epoxy Resin Market Revenues & Volume, By Marine, 2021-2031F |
6.3.6 Australia Epoxy Resin Market Revenues & Volume, By Consumer Goods, 2021-2031F |
7 Australia Epoxy Resin Market Import-Export Trade Statistics |
7.1 Australia Epoxy Resin Market Export to Major Countries |
7.2 Australia Epoxy Resin Market Imports from Major Countries |
8 Australia Epoxy Resin Market Key Performance Indicators |
9 Australia Epoxy Resin Market - Opportunity Assessment |
9.1 Australia Epoxy Resin Market Opportunity Assessment, By Physical Form, 2021 & 2031F |
9.2 Australia Epoxy Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Australia Epoxy Resin Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Australia Epoxy Resin Market - Competitive Landscape |
10.1 Australia Epoxy Resin Market Revenue Share, By Companies, 2024 |
10.2 Australia Epoxy Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |