Epoxy Resin price November 2024 and outlook (see chart below)
- Global:US$2.55/KG, 2% up
- North America:US$3.31/KG, -0.6% down
- Europe:US$3.97/KG, -1.7% down
- Northeast Asia:US$1.87/KG, 1.6% up
- Middle East:US$2.98/KG, 1.4% up
- India:US$2.36/KG, -2.1% down
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Epoxy Resin price index
This post is a summary of the epoxy resin price developments. The price developments of epoxy resin are expressed in US$ 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.
NEED A QUICK DOWNLOAD?
ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL
GET THAT DOWNLOAD IN 3 MINUTES!
BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page