The global epoxy resin market is expected to reach $12.15 billion by 2022, growing at a CAGR of 9.6% from 2016 to 2022, according to a market report released by Research and Markets. The epoxy resin market is segmented by application and geography. The application segment is further segmented into adhesives, composites, construction, electrical & electronics, paints & coatings, wind turbine, and other applications. Paint & coatings segment is the largest segment that is expected to dominate the market from 2016 to 2022. The composites material application is the fastest-growing segment and is projected to grow at a CAGR of 7.5%. The increasing demand for lightweight materials from aviation and automotive industry is increasing the scope of epoxy resins and is anticipated to boost the growth of the global epoxy resin market. In terms of geography, Asia Pacific is the dominant market with the largest share in the global epoxy resin market. The growth of paints & coatings industry and composites industry in this region drives the growth of Asia Pacific epoxy resin market. Asia Pacific is projected to demonstrate robust growth between other regions during the forecast period. In North America, the increasing automotive industry and rising demand for coatings in marine industry is witnessing the high growth. The increasing use of wind turbines for green energy generation also has positive influence on the epoxy resin market in the region. In Europe, the rising demand for coatings and composites from aircraft manufacturers is driving the European epoxy resin market. In addition, the rising automotive industry is anticipated to boost the growth in the region. However, challenges such as impulsive prices of raw materials used, slow progress in the North American, European and ROW region are likely to limit the growth of global epoxy resin market over the forecast period.