Epoxy Resin price October 2024 and outlook (see chart below)
- Global:US$2.57/KG, 0.8% up
- North America:US$3.18/KG, -0.6% down
- Europe:US$4.05/KG, -0.5% down
- Northeast Asia:US$1.85/KG, 1.1% up
- Middle East:US$2.79/KG, 0.4% up
- India:US$2.61/KG, 1.2% up
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Epoxy Resin price index
This post is a summary of the epoxy resin price developments. The price developments of epoxy resin are expressed in US$ prices converted FX rates applicable at the time when the price was valid. epoxy resin price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for epoxy resin prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of epoxy resin prices
- Recent price developments of underlying feedstocks which drive the price of epoxy resin
- Market futures for both cost drives and feedstocks of epoxy resin prices
- Adjustment of current supply/demand imbalances in the epoxy resin market
- Longer term trends in likely demand conditions
Further information on the Epoxy Resin price index
Here is some further information
What is an Epoxy resin
An epoxy resin is a type of polymer that is made up of two main components: an epoxy resin and a hardener or curing agent. When these two components are mixed together, a chemical reaction occurs that causes the resin to cure and harden into a solid material.
Epoxy resins are known for their excellent chemical and temperature resistance, as well as their high strength and durability.
How is an epoxy resin produced
Epoxy resins are produced through a process called polymerization, in which monomers are combined to form the polymer chain. The process begins with the production of the monomers, which are typically produced through the petrochemical industry.
The monomers are then mixed together and heated in a reactor to initiate the polymerization reaction. The temperature and pressure in the reactor are carefully controlled to ensure that the monomers are converted into the polymer chain efficiently. The resulting product is a liquid resin.
To make an epoxy resin, the resin is mixed with a hardener or curing agent, which causes the resin to cure and harden into a solid material. The hardener is typically a compound that contains an amine or a polyamine, and when it is mixed with the resin, it causes a chemical reaction that results in the formation of a solid material.
Other ingredients may be added to the resin and hardener mixture to modify the properties of the final product, such as to improve its strength, flexibility, or electrical conductivity. These ingredients may include fillers, such as glass fibers or carbon fibers, as well as additives to improve the processability of the material.
It is important to note that the exact ingredients and process used to manufacture epoxy resins may vary depending on the specific application and desired properties of the final product.
What is an epoxy resin used for
Epoxy resins are known for their excellent chemical and temperature resistance, as well as their high strength and durability. They are used in a wide range of applications, including:
Adhesives
Epoxy resins are often used as adhesives, as they bond well to a variety of surfaces and have good shear strength. They are commonly used in the construction and automotive industries, as well as in the aerospace and marine industries.
Coatings
Epoxy resins are used as coatings for a variety of surfaces, including metals, concrete, and wood. They are known for their good adhesion and corrosion resistance, making them suitable for use in harsh environments.
Composites
Epoxy resins are used in the production of composite materials, which are made by combining a reinforcing material, such as fiberglass or carbon fiber, with the resin. These materials are known for their high strength and lightweight properties and are used in a variety of applications, including aerospace, automotive, and sporting goods.
Other
Epoxy resins are also used in the production of electrical laminates, insulation materials, and as a matrix material in structural materials.
Further reading
Trade information about epoxy resins
According to https://oec.world/ :
Epoxide resins are the world’s 518th most traded product.
In 2020, the top exporters of Epoxide resins were Germany ($998M), South Korea ($852M), Chinese Taipei ($685M), United States ($562M), and Japan ($520M).
In 2020, the top importers of Epoxide resins were China ($1.32B), Germany ($443M), United States ($351M), Netherlands ($183M), and Italy ($177M).
According to a report by Mordor Intelligence, the global epoxy resin market is expected to reach a value of $9.2 billion by 2025, growing at a compound annual growth rate of 5.8% from 2020 to 2025. This growth is driven by increasing demand for epoxy resins in various industries, including construction, automotive, and aerospace. The report also notes that the Asia-Pacific region is expected to dominate the global epoxy resin market, due to the increasing demand for epoxy resins in the region and the availability of low-cost feedstock.
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