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United StatesIn Q1 2025, Indian epoxy resin prices came down 5.6% quarter‑on‑quarter, as muted downstream demand—particularly in construction, automotive and electronics sectors—kept spot offtake subdued, with buyers postponing restocking after year‑end inventory builds at the same time, robust domestic production and steady import flows ensured ample material availability, relieving the tightness seen in late 2024 , while feedstock benchmarks for epichlorohydrin and bisphenol A remained largely stable, offering limited upward support amid broader market weakness.
In Q4 2024, Indian epoxy resin prices averaged USD 1,844/MT—a 5.3% quarter‑on‑quarter decline—as muted demand from the construction, automotive, and electronics sectors, constrained by year‑end budgets and project delays, outweighed any cost support; while upstream bisphenol A and epichlorohydrin prices remained stable, they did little to counter weaker offtake, and improved domestic output alongside increased imports relieved prior supply tightness—meanwhile, persistently high freight rates and logistics challenges proved insufficient to revive restocking momentum.
By Q3 2024, Epoxy Resin prices in China decreased to $1938.59/MT, reflecting a decline of -1.92% from Q2. The downward movement was primarily attributed to weakening demand in the construction sector, particularly in Europe, due to economic slowdowns. The global Epoxy Resin market was also impacted by the volatility in feedstock prices and ongoing disruptions in global logistics. While demand from the electronics and automotive industries remained stable, concerns over high freight costs and container shortages in regions like Asia and Europe exerted pressure on the market, leading to a slight price decline.
In Q2 2024, the Epoxy Resin market in China showed a positive turnaround, with prices rising to $1976.69/MT, an increase of +2.95% from Q1. This rebound was driven by recovering demand in the construction and automotive sectors, particularly in Asia and the U.S. Additionally, improved manufacturing activity and a pick-up in the electronics industry further boosted demand. Global supply chains started to stabilize, though challenges such as elevated shipping costs and container shortages continued to impact logistics, especially in Europe and Asia. The market outlook in Q2 was cautiously optimistic, supported by a gradual recovery across key end-use industries.
In Q1 2024, the global Epoxy Resin market saw a generally stable but slightly downward trend. In China, the APAC region’s largest market, prices were reported at $1920/MT, reflecting a decrease of -2.56% from the previous quarter. This drop in prices was due to an oversupply situation and a softening of demand in industries like construction and coatings. Despite steady demand from key sectors such as electronics and adhesives in regions like the U.S., South Korea, and Germany, global market sentiment remained cautious due to fluctuations in raw material costs and ongoing supply chain challenges.
In Q1 2025, Indian epoxy resin goes down by 4% quarter‑on‑quarter, as subdued buying by construction, automotive, and electronics end‑users—still digesting year‑end stocks—outweighed any tentative recovery seen in adjacent polymers; while healthy plant operating rates and steady import flows ensured ample availability, limited fresh restocking and cautious project ramp‑ups kept spot offtake muted.
Stable feedstock costs for bisphenol A and epichlorohydrin provided a neutral cost backdrop, but without a significant demand catalyst, prices slipped modestly. Logistics remained reliable, with smooth port operations and normalized freight rates avoiding any supply disruptions, leaving the market in a quietly corrective mode as it awaits clearer downstream signals.
In Q4 2024, Indian epoxy resin prices averaged ₹182,471/MT, up 5.79% quarter‑on‑quarter, as the market diverged from acrylic acid’s softness—buoyed by year‑end commissioning activity in construction and wind‑energy composites, plus accelerated restocking by electronics and marine‐coatings producers ahead of Q1 projects. Planned turnarounds in Q3 tightened spot availability, and with domestic units ramping back to full rates, buyers faced a short window of constrained supply.
At the same time, stable but firm feedstock costs for bisphenol A and epichlorohydrin underpinned producer margins, while smooth port operations and normalized freight rates facilitated timely deliveries. These combined demand and supply dynamics drove a quietly bullish yet balanced Q4, with the Q1 2025 outlook dependent on sustained project pipeline roll‑outs and any shifts in upstream raw material pricing.
In Q3 2024, Indian epoxy resin prices averaged ₹172,477/MT, up 10.82% quarter‑on‑quarter, as a broad‑based demand revival—particularly in construction coatings, wind‑blade composites, and automotive refinishing—drove restocking across end‑use segments. At the same time, upstream cost pressures from firming bisphenol A and epichlorohydrin benchmarks, compounded by planned plant turnarounds and intermittent supply adjustments, tightened spot availability.
Persistent logistical bottlenecks—ranging from port congestion to elevated freight rates—further amplified delivered‑cost inflation. Together, these factors underpinned a robust yet somewhat volatile market tone, with Q4 2024 outlook hinging on festive‑season procurement, monsoon‑related capacity swings, and the near‑term trajectory of key feedstock costs.
In Q2 2024, Indian epoxy resin prices averaged ₹155,600/MT, marking a 5.6% quarter on quarter decline, as muted downstream demand in construction, automotive, and electronics sectors—tempered by limited capex and project deferrals—outpaced any cost support offered by feedstock bisphenol A and epichlorohydrin, which saw mixed price movements amid regional supply fluctuations. Meanwhile, healthy domestic operating rates and steady import arrivals alleviated earlier tightness, creating ample market availability and although freight capacity constraints persisted, elevated logistics costs failed to counteract bearish sentiment amid high on hand inventories.
In Q1 2024, Indian epoxy resin prices averaged ₹164,800/MT, down 5.5% quarter-on‑quarter, as weakened offtake from construction, automotive, and electronics sectors—impacted by year‑end budget constraints and project delays—outpaced any upstream cost support; stable feedstock benchmarks for bisphenol A and epichlorohydrin offered little uplift, while robust domestic output and steady import flows alleviated prior tightness, and ongoing logistics bottlenecks, though inflating delivered costs, were insufficient to spur fresh restocking in a market carrying elevated year‑end inventories.
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These events underscore the Epoxy Resin market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers accurate, timely, and actionable Epoxy Resin pricing assessments, enabling our clients to stay ahead of market trends and make informed decisions in an ever-changing market.
Molecular Weight[g/mol]
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Molecular Formula
Epoxy resin is a thermosetting polymer widely used for coatings, adhesives, and composite materials. It is known for its excellent mechanical properties, chemical resistance, and strong adhesive qualities.
Packaging Type
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Incoterms Used
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Type | Property | Unit | Value |
| Liquid | Appearance | Clear to slightly yellow liquid | |
| Epoxy Equivalent Weight | g/eq | 185 – 192 | |
| Viscosity @ 25°C | mPa.s (cP) | 10,000 – 14,000 | |
| Density @ 25°C | g/cm³ | 1.16 – 1.18 |
| Type | Property | Unit | Typical Value |
| Solid | Appearance | — | Solid, Clear to Light Yellow |
| Epoxy Equivalent Weight (EEW) | g/mol | 725 – 800 | |
| Viscosity (at 150°C) | mPa.s (cP) | 2000 – 6000 | |
| Density | g/cm³ | 1.16 – 1.2 |
Applications
Epoxy resin is primarily used as a versatile material in a wide range of applications. It is commonly used in the production of adhesives, coatings, and paints due to its strong bonding properties. Additionally, epoxy resin is widely utilized in the electronics industry for encapsulating and protecting components, and in the construction sector for flooring and concrete repair. It is also a key material in the manufacturing of composites, such as in aerospace and automotive industries, for creating lightweight, durable parts.
The price of epoxy resin is primarily influenced by the cost of raw materials like bisphenol A (BPA) and epichlorohydrin. Other factors include crude oil prices, as these raw materials are petroleum derivatives, supply-demand imbalances, and manufacturing costs. Environmental regulations, transportation, and logistical challenges can also significantly impact pricing. Additionally, the demand from key industries such as automotive, electronics, and construction plays a vital role in determining epoxy resin prices.
Epoxy resin prices are closely linked to the availability and cost of raw materials, particularly bisphenol A (BPA) and epichlorohydrin. Shortages or supply disruptions in these materials due to environmental regulations, plant shutdowns, or global supply chain bottlenecks can drive prices upward. Conversely, a surplus of raw materials or reduced production costs can result in lower epoxy resin prices. Procurement heads should monitor the volatility of these feed stocks to effectively manage procurement strategies.
Epoxy resin prices vary by region due to differences in raw material availability, local production capacities, and demand from regional industries. For example, prices in Asia, particularly in China and South Korea, tend to be lower due to large-scale manufacturing and access to cheaper raw materials. In contrast, Europe and North America often see higher prices due to stricter environmental regulations and higher production costs. Procurement teams can optimize sourcing by exploring opportunities in cost-competitive regions and leveraging long-term contracts in regions with favorable pricing.
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