Epoxy Resin Price Trend and Forecast

Epoxy Resin Regional Price Overview

Get the latest insights on price movement and trend analysis of Epoxy Resin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Epoxy Resin Price Trend for the Q2 of 2024


In the Chinese market, epoxy resin prices maintained a stable trend in the second quarter of 2024 due to a balanced supply and demand gap. However, initially, the market witnessed a price increase driven primarily by short-term supply concerns resulting from plant shutdowns at major manufacturing facilities, such as Huntsman Corporation and Zhuhai Hongchang Electronic Material Co Ltd. Additionally, construction activities in China stimulated the monetary support from the government, further raised the demand for epoxy resin. On the supply side, the increased freight charges also contributed to the bullish trend, influenced by the escalation in ocean freight charges, disruptions from Red Sea diversions, and equipment shortages.

Epoxy Resin Price Chart

Epoxy Resin Price Trends and Forecast

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The trading atmosphere in the broader Asian market also remained positive throughout the quarter. On the other hand, in Japan, the epoxy resin market experienced a significant price surge during this period. The increase was largely driven by improved momentum of the construction sector as recovery efforts continued following the earthquakes. This surge was also attributed to increased global freight rates and heightened demand from the downstream construction industry. Global container freight charges saw a dramatic increase, particularly for shipments from Asia to various international destinations, contributing to the rising cost of imports and affecting the price dynamics of epoxy resin.


The European market for epoxy resin also experienced a notable price surge throughout Q2’24. This was primarily driven by the influx of expensive imports from countries like India and other regions. The housing sector in Europe sustained its momentum with ongoing increases in construction activity across various European countries. Additionally, the production volumes of the commodity slid slightly southwards amid the ongoing port congestion and labor strikes, disrupting the domestic supply chains and eventually leading the downstream industries to purchase imported volumes. Therefore, the market saw a steady increase in prices with only mild month-on-month fluctuations.

North America

Similar to the Asian and European countries, the prices of epoxy resin in North America inclined gradually in the second quarter amid global supply crunches. Apart from the limited influx of the commodity in the region, the escalating demand from downstream industries and rising interest of overseas players in North American produce also played a pivotal role in determining the pricing trajectory of the commodity. Further, the market momentum was also supported by the increasing cost of production and escalating transportation charges as the global cost of trading containers moved northwards at a high pace. However, the total exported volumes declined slightly amid the cautious purchasing activities of Asian countries.

Analyst Insight

According to Procurement Resource, the price of Epoxy Resin is expected to be driven by the rising cost of transportation and the appetite of downstream industries in the forthcoming months.

Epoxy Resin Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Epoxy Resin Chemicals USA USD 3400/MT March 2024

Stay updated with the latest Epoxy Resin prices, historical data, and tailored regional analysis


During the previous quarters, the Asian market, particularly China, saw a substantial decrease in epoxy resin prices, which was well transferred in the first quarter of 2024, too, due to surplus supply and subdued demand, leading to low exports and high imports. The inventories further inclined with the advent of new production plants in China, disrupting the supply-demand dynamics of the region.

To manage inventory pressure, traders introduced discounts over bulk purchases which eventually resulted in the decline of epoxy resin price trend. However, during the initial phase of the quarter, India experienced a price increase attributed to rising costs of feedstock ethylene and propylene despite only moderate domestic demand, notably from the paints and coatings sector. Additionally, expensive imports and increased freight rates further influenced pricing dynamics as the reliance of the market grew on foreign imports.


In Germany, the continuous string of oscillations in the epoxy resin prices due to decreased demand from the construction sector amid challenging economic conditions diminished the general functioning of the market.

With the advent of the new year, the manufacturing and trading communities expected the seasonal hike in the demand for epoxy resin, particularly from the automotive sector, but the diminished purchasing activities of the downstream industries only increased the stockpiles of epoxy resin in the region. Additionally, heightened security concerns arose following attacks on commercial vessels in the southern Red Sea, escalating global tensions about potential disruptions in the epoxy resin supply chain.

North America

The effect of the global epoxy resin market was visible in the notable shifts in its prices in North America during the first quarter of 2024. This downturn was primarily driven by reduced demand from the construction sector and rising uncertainties in other downstream industries. The market also bore the consequences of depreciating economic indicators, which further contributed to the stunted growth of the epoxy resin market.

The manufacturing units thus had to introduce practices to optimize overhead costs and reduce their expenditure on production. This move became much more necessary during the end phase of the first quarter as the unbound rise in crude oil prices and limited support from the feedstock market limited the functioning of the epoxy resin market.

Analyst Insight

According to Procurement Resource, the price trend of Epoxy Resin is estimated to be driven by the demand dynamics of the downstream industries and the global trading sentiments in the forthcoming quarters.

Epoxy Resin Price Trend for the October - December of 2023


The price trend of epoxy resin are dependent on the overall market dynamics of the construction, fiber, and plastics industries. A complex interplay of these industries worked during the fourth quarter of 2023, and thus, the epoxy resin price graph showed zig-zag movement but did not flatter away much from a mean value. Among these downstream industries, the construction sector rose significantly only in India, while the other Asian countries struggled with the limited raw material supply and adverse climate conditions.


The starting and the end phases of the fourth quarter showed similar trend in the epoxy resin prices. However, there was a moment of relief for the traders during the middle of the fourth quarter. The rise in the epoxy resin price graph during November was based on the efforts of downstream industries as they tried to inch higher. However, towards the end of the quarter, the growth in the epoxy resin market was neutralized by the soaring inflation and interest rates.

North America

The fate of epoxy resin price trend in the US was no different than in the above two regions. Throughout the quarter, the epoxy resin price graph fluctuated but maintained its pace owing to rising demand from downstream industries. The construction and other relevant sectors looked forward to improving their consumption rates. However, export struggles and a decline in the cost of production made the revival of the epoxy resin market a little difficult.

Analyst Insight

According to Procurement Resource, the price trend of Epoxy Resin are expected to follow the trails of the construction and plastics industries in the forthcoming quarters of 2023.

Epoxy Resin Price Trend for the July - September of 2023


The epoxy resin prices in Asia wavered during the third quarter of the year 2023. The market started on a low note at the beginning of the quarter in July’23. The inventories were overflowing with excess supplies from the previous quarters as the suppliers ordered in bulk, anticipating good amounts of market offtakes. However, the market queries were disappointing compared to the estimates.

This led to a swift decline in prices in the first half of the quarter. The second half, though, was more favorable from the epoxy resin trade point of view. Consumer demands finally started to pick up, and the epoxy resin price graph inclined steadily in the latter half of the quarter. Overall, the general market sentiments were observed to be positive for the majority of the discussed period.


Contrary to the Asian epoxy resin market, the European market trend were bearish throughout. The price graph wavered at the lower end for the majority of the discussed period. The demand spectrum remained feeble. The saturated inventory levels, too, supported the sluggish trend. The feedstock material bisphenol-A provided some upstream cost support, but the falling demands rendered it irrelevant. Overall, muted market sentiments were observed.

North America

The North American epoxy resin market was in strict compliance with the Asian epoxy resin markets. Market dynamics were better in the second half of the quarter than in the first half. Overall, mixed market dynamics were observed.

Analyst Insight

According to Procurement Resource, the price trend for Epoxy Resin will continue to waver in the upcoming months. The uncertainties in the market offtakes will guide the epoxy resin price sentiments.

Epoxy Resin Price Trend for the First Half of 2023


The Asia Pacific markets of epoxy resins witnessed a gradual decline in their price trend in the first quarter of 2023, while a steep one in the second. The significant cause of this decline in the first quarter was the weak momentum of feedstock materials, the drop in demand from the downstream sector, and the surplus supply of the product in the region.

In the second quarter, along with the downstream industries, the upstream industries, such as propylene, offered low-cost support. The rates of exports to the US and Europe also fell amid the slowing down of the global economy, leading to a decline in the price trend of Dysprosium oxide.


The price trend of epoxy resins followed a bearish stance in the first two quarters of 2023. The market suffered from the drop in prices of upstream products and oversupply of the epoxy resins derivatives while their demand from industries such as petroleum was on the lower side. In addition to this, the challenging market conditions, such as a rise in the level of inflation, high-interest rates charged by banks to support the falling economic conditions, and the pessimistic attitude of buyers caused the level of inventories to rise and the price trend of epoxy resins to decline.

North America

The sluggish market sentiments of the North American epoxy resins market force its price trend to move southwards in the first two quarters of 2023. In both quarters, the cost of feedstocks took a deep downward path, and along with high disruptions in the feedstock material’s costs, the prices of epoxy resins struggled to maintain their pace. The demand for epoxy resins declined as a result of a shortage of labor and a financial crisis caused by the failure of two major banks, which was evidently reflected in the downfall of epoxy resin prices.

Analyst Insight

According to Procurement Resource, the price trend of Epoxy Resin is expected to be hampered by weak rates of procurement from the downstream industries and challenging global economic conditions.

Procurement Resource provides latest prices of Epoxy Resin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Epoxy Resin

Epoxy resins, also known as polyepoxides, are polymers containing epoxide groups. It is elastic and therefore has a variety of applications. Bisphenol and novolac are some of the epoxy resins that are used widely.

Epoxy Resin Product Details

Report Features Details
Product Name Epoxy Resin
Industrial Uses Adhesives, binders in cement and mortars, industrial coatings, fiver-reinforced plastics, rigid foams.
Chemical Formula C21H25ClO5
HS Number 39073010
CAS Number 24969-06-0
Synonyms 2-(chloromethyl)oxirane, 4-[2-(4-hydroxyphenyl)propan-2-yl]phenol, prop-2-enoic acid
Molecular Weight 392.9 g/mol
Supplier Database BASF SE, Dow, Hexion, Huntsman Corporation, Olin Corporation, Solvay SA.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Epoxy Resin Production Processes

Epoxy resin can be produced from epichlorohydrin and bisphenol-A. The starting raw materials are infused in a reactor, followed by adding caustic soda and an inert solvent to form the resin, which is then washed, and special additives are added. Finally, the epoxy resins are hardened using amines.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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