![Middle-East and Africa Epoxy Resins Market Size Market Summary - Middle-East and Africa Epoxy Resins Market](https://s3.mordorintelligence.com/middle-east-and-africa-epoxy-resin-market/middle-east-and-africa-epoxy-resin-market-size-image-1735449048013.webp)
Study Period | 2019 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Historical Data Period | 2019 - 2023 |
CAGR | 5.00 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
MEA Epoxy Resin Market Analysis
The Middle-East and Africa Epoxy Resins Market is expected to register a CAGR of greater than 5% during the forecast period.
- Hazardous impact on health is expected to hinder the growth of the market. If epoxy resin is inhaled or absorbed through the skin, the solvent can affect the brain in ways similar to alcohol causing nausea, dizziness, slurred speech, headache, confusion, and loss of consciousness.
- The paints and coatings segment dominated the market, and is expected to witness the highest CAGR during the forecast period.
- Saudi Arabia is expected to dominate the market with the largest share, in terms of volume.
MEA Epoxy Resin Market Trends
Increasing Demand from Composites
- Epoxy resins are the extensively used thermoset materials in polymer composites. They have good bonding strength to other materials, good chemical and environmental resistance, good chemical properties, and good insulating properties, and are generally manufactured by reacting epichlorohydrin with bisphenol.
- Epoxy resins can also be formulated with different materials or blended with other epoxy resins to achieve specific performance features.
- Epoxies are used primarily for fabricating high-performance composites, with superior mechanical properties, resistance to corrosive liquids and environments, superior electrical properties, good performance at elevated temperatures, good adhesion to a substrate, or a combination of these benefits. Epoxy resins do not, however, have particularly good UV resistance.
- Epoxy resins have a well-established record in a wide range of composites parts, structures, and concrete repair. The structure of the resin can be engineered to yield a number of different products with varying levels of performance.
- The composites manufacturing in the Middle East is rising, especially in Saudi Arabia and the United Arab Emirates, due to the development of aerospace manufacturing in these countries. The United Arab Emirates is focusing on composite part manufacturing and advanced aerospace structure, with the goal to become the original equipment manufacturer (OEM).
- Hence, due to such factors, the demand for epoxy resins is expected to increase from the paints and coatings application.
Rising Demand in Saudi Arabia
- The market openness and investment opportunities were less, when compared to other emerging economies. However, the government, in its 10th development plan, is reforming the economic plans, with investments in diversified sectors, and is trying to attract private investments in the country to make it a diversified economy that is not dependent on oil.
- The Saudi Arabian government has announced its largest financial budget ever, to support the country’s expansion as part of its Vision 2030 program.
- Saudi Arabia is among the leading producers of paints and coatings in the Middle East & African region.
- There are a number of local paint manufacturers in the country. For instance, Al-Jazeera paints, Al-Haleef Paints, etc., are some of the leading paint manufacturers in the country.
- The Kingdom of Saudi Arabia (KSA) has identified the following five industrial clusters (IC) to focus on, namely, automotive cluster, minerals/metal cluster, chemical/polymer cluster, energy cluster, and pharmaceutical/biotech cluster.
- Under the chemical/polymer cluster, the government has stressed on the paints and coatings, and adhesive and sealants industry.
- The Saudi Vision 2030 seeks a 70% increase in manufacturing capacity in the region ,by 2030. Adhesives and sealants’ stakeholders in the OEM transportation sector are likely to benefit from these developments. These developments are expected to contribute to the increase in demand for epoxy resins in the country.
![Middle-East and Africa Epoxy Resins Market Trends Middle-East and Africa Epoxy Resins Market - Regional Trend](https://s3.mordorintelligence.com/middle-east-and-africa-epoxy-resin-market/1579785827739_middle-east-and-africa-epoxy-resin-market_Epoxy_Resins_Market%2C_Volume_Share_%28%25%29%2C_by_Country%2C_Middle-East_and_Africa%2C_2019.webp?q=0.12823446731565924)
MEA Epoxy Resin Industry Overview
The Middle East & African epoxy resin market is consolidated in nature, with more than 50% of the market share is held by the top five players, namely, NAMA Chemicals, Olin Corporation, Hexion, Huntsman Corporation LLC, among others.
MEA Epoxy Resin Market Leaders
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Huntsman Corporation LLC
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Hexion
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Olin Corporation
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NAMA Chemicals
- *Disclaimer: Major Players sorted in no particular order
![Middle-East and Africa Epoxy Resins Market Concentration Market Concentration - Middle-East and Africa Epoxy Resins Market.png](https://s3.mordorintelligence.com/middle-east-and-africa-epoxy-resin-market/middle-east-and-africa-epoxy-resin-market_Market_Concentration_-_Middle-East_and_Africa_Epoxy_Resins_Market.webp)
MEA Epoxy Resin Industry Segmentation
The Middle-East and African epoxy resins market report includes:
Raw Material Type | DGBEA (Bisphenol A and ECH) |
DGBEF (Bisphenol F and ECH) | |
Novolac Epoxy (Formaldehyde and Phenols) | |
Aliphatic Epoxy Resins (Aliphatic Alcohols) | |
Glycidylamine Epoxy Resins (Aromatic Amines and ECH) | |
Other Raw Material Types | |
Application | Paints and Coatings |
Adhesives | |
Composites | |
Electrical and Electronics | |
Wind Turbines | |
Other Applications | |
Geography | Saudi Arabia |
South Africa | |
Nigeria | |
Kuwait | |
United Arab Emirates | |
Rest of Middle-East and Africa |
MEA Epoxy Resin Market Research FAQs
What is the current Middle-East and Africa Epoxy Resins Market size?
The Middle-East and Africa Epoxy Resins Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Middle-East and Africa Epoxy Resins Market?
Huntsman Corporation LLC, Hexion, Olin Corporation and NAMA Chemicals are the major companies operating in the Middle-East and Africa Epoxy Resins Market.
What years does this Middle-East and Africa Epoxy Resins Market cover?
The report covers the Middle-East and Africa Epoxy Resins Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle-East and Africa Epoxy Resins Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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MEA Epoxy Resin Industry Report
Statistics for the 2025 Middle-East and Africa Epoxy Resins market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Epoxy Resins analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.