For the Quarter Ending June 2025
North America:
• North American Epoxy Resin Spot Price fell during Q2 2025, especially in US market where prices fell by 7.1% and settling at USD 3,784/MT DEL Texas in June for Semi-Solid grade (EEW 300–350).
• Local production remained steady, supported by sufficient inventories and reduced import reliance amid evolving trade measures.
• Feedstock dynamics were mixed— the net decline in input costs offered margin relief but pressured resin prices lower.
• Demand from construction remained soft, weighed down by elevated mortgage rates and high housing inventory. In contrast, automotive coatings held firm, supported by early-quarter vehicle sales ahead of anticipated tariffs.
• Trade policy developments shaped market behavior, including U.S. rulings on anti-dumping duties and a temporary 90-day tariff suspension, prompting cautious downstream procurement.
Why did the price of Epoxy Resin not change in July 2025 in the North American region?
• In July 2025, the Epoxy Resin Price Index in the North American region remained stable, as steady downstream activity supported demand while elevated inventories tempered aggressive procurement.
• The Epoxy Resin Import Trend showed continued supply stability from Asia, helping maintain consistent import flows and reducing short-term pricing pressure.
• The Epoxy Resin Price Forecast indicates a neutral outlook, with balanced supply-demand dynamics likely to sustain price stability in the near term.
APAC:
• The Epoxy Resin Solid (EEW 500–560) Spot Price in APAC declined during Q2 2025, especially in Japanese market where prices dropped by 1.8%, settling at USD 3020/MT FOB Osaka in June.
• Bearish market sentiment prevailed across the quarter, driven by subdued export demand, soft feedstock costs, and cautious procurement strategies from key downstream sectors including automotive and coatings.
• Supply fundamentals remained ample, with uninterrupted production, sufficient inventories, and optimum operating rates.
• Demand-side activity was mixed. Domestic consumption showed pockets of strength—particularly in the construction sector—buoyed by rising housing starts and residential price growth, while exports were constrained by tariff-related disruptions and muted global trade flows.
• Seasonal restocking provided mild support in April, but the momentum weakened post-Golden Week holidays in Japan as industrial operations slowed and downstream orders remained thin, particularly from paints, electronics, and wind energy applications.
Why did the price of Epoxy Resin change in July 2025 in the APAC region?
• In July 2025, the Epoxy Resin Price Index in the APAC region moved upward, supported by rising feedstock costs that provided firm cost-side pressure.
• The Epoxy Resin Demand Trend showed signs of recovery, driven by improving prospects in the end-use construction sector.
Europe
• The Epoxy Resin (Novolac-based) Spot Price in Europe rose during the Q2 2025, especially in the German market where prices rose by 3.1%, settling at USD 4123/MT FD Hamburg in June.
• Bullish momentum was driven by intermittent restocking, seasonal demand improvements, and periodic supply-side constraints, particularly stemming from severe port congestion at major German terminals like Hamburg and Bremerhaven.
• Logistical bottlenecks intensified in April and May due to labor shortages, dense port traffic, and rail disruptions, limiting import volumes and tightening regional inventories, which reinforced price strength during late April.
• Demand fundamentals remained mixed. While paints and coatings sectors showed mild restocking activity, overall offtake was restrained by weakness in the automotive and construction sectors—key downstream consumers in Germany and Western Europe.
• Macro headwinds such as U.S. tariff uncertainty and Eurozone construction stagnation limited aggressive procurement. German automotive output remained subdued, with new car registrations down 1.4% in May.
Why did the price of Epoxy Resin change in July 2025 in the European region?
• In July 2025, the Epoxy Resin Price Index in the European region experienced slight downward pressure, driven by a seasonal slowdown in industrial activity during the summer holiday period.
• The Epoxy Resin Purchasing Trend reflected subdued sentiment, as many manufacturers operated with reduced shifts amid ongoing seasonal plant maintenance.
For the Quarter Ending March 2025
North America
Epoxy resin prices in North America experienced a consistent upward trend throughout Q1 2025, particularly during January and March. In January, prices began with stability but swiftly gained momentum due to intensified post-holiday stocking activities and low inventory levels among local traders.
In February, despite severe snowstorms disrupting operations across the U.S. Gulf Coast, epoxy resin prices remained stable due to sufficient inventories and steady production. A subdued construction sector, impacted by high mortgage rates and inflation, limited immediate demand growth. However, resilient job growth and expectations of interest rate easing kept the outlook optimistic.
The late part of quarter saw continued price firmness, supported by protectionist trade measures, including anti-dumping investigations on Chinese imports, and strategic sourcing from alternate Asian markets. A significant decline in ocean freight costs also contributed to pricing stability. By the end of Q1 2025, Epoxy resin prices in the USA increased by 1.6% compared to the end of the previous quarter and reached USD 4109/MT DEL Texas, reflecting a cautiously bullish market.
Europe
In Q1 2025, the European Epoxy Resin market exhibited a predominantly bearish price trend, especially across January and February, before witnessing a slight recovery in March. In January, prices declined steadily due to sluggish demand and ample inventories. Post-holiday destocking by downstream buyers, particularly in the paints and coatings sector, led to cautious procurement behavior. Simultaneously, stable production costs—owing to minimal fluctuations in feedstock prices like Bisphenol A and Epichlorohydrin—offered no cost-driven support for price hikes. Despite temporary supply chain disruptions from delayed vessel arrivals, sufficient inventory and muted construction activity across major EU economies kept prices under pressure. February sustained this downtrend, with prices largely stagnant in the early period, before falling further due to persistent oversupply and weak downstream interest. Even news of anti-dumping duties on imports from China and other Asian nations failed to significantly stimulate buying activity, as traders awaited clarity on policy implications. However, March saw a marginal recovery, fueled by growing inventory pressures, active restocking, and restricted imports amid tighter trade regulations. These dynamics sparked slight upward adjustments, supported by mild supply constraints.
APAC
In Q1 2025, Epoxy resin prices in the Asia-Pacific (APAC) region displayed a bearish trend, with prices rising in January before gradually softening in February and March. In early January, prices edged up as traders restocked inventories post-holidays, amid stable feedstock costs and tight supply caused by prior destocking. However, this brief price rise was unsustainable. By mid-January, weak downstream demand from construction and automotive sectors—especially electric vehicles, began to weigh heavily on the market. As February unfolded, ample imports, subdued export volumes, and declining domestic vehicle production continued to limit market activity. Persistent oversupply and stagnant demand from coatings and composites led to price stagnation, despite marginal increases in the final week. By March, the bearish trajectory continued due to a mix of elevated inventories, limited downstream offtake, and ongoing trade uncertainties. Rising Bisphenol A prices had little upward influence amid sluggish housing starts and declining construction activity. Consequently, across APAC, Japan's Epoxy resin prices dropped by 1.4% and reached at USD 3074/MT FOB Osaka by quarter-end, reflecting sustained pressure from oversupply and lackluster demand.
For the Quarter Ending December 2024
North America
Q4 2024 witnessed steady demand for Epoxy Resin in the North American market, marked by marginal fluctuations and balanced supply-demand dynamics. In early Q4, price stability was supported by ample inventory levels, stable feedstock costs, and subdued downstream demand from the coatings and adhesives sectors. Despite logistical challenges and weak consumer sentiment, steady domestic consumption and export inquiries-maintained market equilibrium.
Mid-Q4 continued the trend of stability, with manufacturers leveraging strategic inventory management and production optimization to counter subdued demand from the paints, coatings, and construction sectors. Stable feedstock costs and economic uncertainty kept price movements minimal during this period.
By late Q4, seasonal slowdowns, labor negotiations, and tariff uncertainties added complexity to procurement activities. While oversupply and moderate domestic demand persisted, proactive inventory management and limited international trade disruptions ensured stability.
Conclusively, the North American Epoxy Resin market displayed a consistent trend of marginal fluctuations throughout Q4 2024, with semi-solid (EEW 300-350) prices assessed at USD 4042/MT DEL Texas, reflecting a balanced yet cautious market environment.
Europe
Q4 2024 witnessed a bearish price trend for Epoxy Resin in the European region. In early Q4, the market remained steady with marginal fluctuations as stable feedstock costs, balanced supply-demand dynamics, and subdued downstream activity in coatings and automotive sectors supported price stability. Despite trade disruptions and economic uncertainties, adequate inventory levels and moderate domestic demand minimized price volatility. During mid-Q4, the market continued to exhibit a steady trend, bolstered by balanced supply-demand dynamics, stable feedstock prices, and effective inventory management by manufacturers. Seasonal factors and cautious market sentiment offset logistical challenges and subdued demand from key downstream sectors, maintaining equilibrium. In late Q4, the market experienced marginal fluctuations but faced growing pressure from weak demand in paints, coatings, and construction sectors. Inflationary pressures, logistical hurdles, and aggressive pricing by international suppliers further strained the market. While manufacturers managed inventories effectively, subdued domestic procurement and competitive import offers drove prices downward, marked by a cumulative 1.1% decline, particularly in Germany.
APAC
In Q4 2024, epoxy resin prices in the APAC market exhibited a bearish trend. During early Q4, the market remained steady, supported by balanced supply-demand dynamics, unchanged feedstock costs, and modest downstream demand from the coating and adhesives industries. Stable inventory management and cautious restocking efforts after holidays further sustained this stability. However, weak construction activity and subdued overseas demand limited price growth, reflecting cautious buyer sentiment amid economic uncertainties. By mid-Q4, the market began to decline, driven by a 1.5% price drop attributed to reduced production costs, weak demand from the construction and coatings sectors, and subdued buying activity. Oversupply conditions, high inventory levels, and stable feedstock prices pressured manufacturers to maintain operations, contributing to a bearish sentiment. In late Q4, the market faced intensified challenges, including subdued downstream demand, elevated production costs, and global trade protectionism. Anti-dumping measures, tariffs, and oversupply forced manufacturers to adopt aggressive pricing strategies amid year-end destocking. These factors collectively drove a persistent downtrend, culminating in a 6.1% overall decline, particularly in China, where prices settled at USD 2214/MT FOB Huangshan.
For the Quarter Ending September 2024
North America
Throughout Q3 2024, the North American region experienced a notable increase in Epoxy Resin prices, driven by several significant factors. The market saw a surge in pricing due to a combination of rising feedstock costs, which elevated production expenses. Additionally, global freight rate hikes further impacted overall pricing dynamics.
In the USA specifically, the market witnessed the most significant price changes during this period. Demand from key sectors like construction and automotive industries remained steady, contributing to the price uptrend. Seasonal fluctuations and supply chain challenges also played a role in influencing prices. The correlation between these factors resulted in a 2.5% increase from the previous quarter.
However, it is important to note that the market faced a substantial -27% decrease compared to the same quarter last year. This decline highlights the volatility in pricing and the various pressures affecting the market over a longer timeframe. By the end of the quarter, the price of Epoxy Resin Semi-Solid (EEW 300-350) DEL Texas in the USA stood at USD 4,049/MT.
APAC
In Q3 2024, the APAC region saw a substantial upward trajectory in Epoxy Resin pricing, registering a 13% increase compared to the same quarter last year. This price surge was driven by a confluence of factors, including robust demand from key sectors such as automotive, construction, and electronics, as well as heightened overseas demand, particularly from North America and Europe. Additionally, rising crude oil prices contributed to the upward pressure on pricing, as feedstock costs for epoxy production increased. Notably, Japan experienced the most significant price changes, with a 5.5% quarter-on-quarter increase in 2024, showcasing strong market dynamics. The analysis revealed a 2% price differential between the first and second halves of the quarter, underscoring a consistent upward trend. By the end of the quarter, the price for Epoxy Resin Liquid (EEW 176-183) reached USD 4,135/MT FOB Osaka, reflecting a favorable pricing environment bolstered by sustained demand and supply chain stability. This overall positive trend highlights the resilience of the epoxy resin market amidst fluctuating economic conditions in the region.
Europe
In Q3 2024, the European Epoxy Resin market experienced a downward trend in prices, influenced by several key factors. A significant decline in demand from critical sectors such as automotive and construction resulted in oversupply and subsequent pricing pressure. Additionally, rising global freight rates exacerbated cost burdens, further negatively impacting market prices due to trade restrictions associated with higher shipping costs. Germany, a major market player, saw the most pronounced price changes during this period. Overall, Epoxy Resin prices plummeted by 16% compared to the same quarter last year, indicating a notable shift in market dynamics. However, there was a slight increase of 2% from the previous quarter in 2024, suggesting a temporary improvement amid ongoing challenges. A comparison between the first and second halves of the quarter revealed a modest decrease in prices, reflecting persistent downward pressure. As the quarter concluded, the price for Epoxy Resin Liquid FD Hamburg in Germany reached USD 3,021/MT, underscoring the prevailing negative sentiment in the pricing environment.
FAQs
1. Why did European Epoxy Resin prices soften in July 2025?
• Seasonal slowdown during summer holidays reduced industrial activity and demand.
• Subdued purchasing and scheduled maintenance further curbed market enthusiasm.
2. Which sectors supported Epoxy Resin demand during Q2 2025?
• Construction and automotive coatings led demand, especially in North America and APAC.
• Paints and electronics saw modest restocking, while wind energy and auto manufacturing remained subdued in Europe.
3. How did trade policies impact Epoxy Resin procurement in Q2 2025?
• Tariff suspensions, anti-dumping rulings, and U.S.–Asia trade tensions led to cautious buying.
4. What’s the short-term price forecast for Epoxy Resin globally?
• North America: Neutral to stable due to balanced inventories and steady summer demand.
•APAC: Bullish, with firm feedstock costs and improving end-use demand.
• Europe: Bearish short term but may firm up in Q3 with possible supply tightening.
