The Global Epoxy Novolac Resins Market was valued at USD 1.23 billion in 2024 and is projected to reach USD 1.89 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period (2024-2030). This expansion is driven by surging demand for high-temperature resistant materials in electronics, aerospace coatings, and industrial applications, coupled with accelerating investments in eco-friendly resin technologies.

As manufacturers seek materials with superior thermal stability exceeding 200°C and exceptional chemical resistance, epoxy novolac resins have become mission-critical components. Our comprehensive analysis examines the Top 10 Companies in the Epoxy Novolac Resins Industry—a strategic mix of global chemical conglomerates and specialized polymer innovators driving the next generation of high-performance solutions.

---

🔟 1. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: EPALLOY® Specialty Epoxy Novolac Resins

Huntsman dominates the advanced epoxy formulations sector with its EPALLOY® series, which delivers industry-leading performance for aerospace composites and protective coatings. The company operates one of the most extensive thermoset R&D networks globally.

Technology Advancements:

• Pioneered halogen-free flame retardant systems for PCB applications
• Developed thermally stable formulations with continuous service up to 230°C
• Invested $50M+ in sustainable resin development programs

Download FREE Sample Report: Epoxy Novolac Resins Market – View in Detailed Research Report

---

9️⃣ 2. Hexion Inc.

Headquarters: Columbus, Ohio, USA
Key Offering: EPON™ Resin Systems

Hexion’s epoxy novolac solutions power mission-critical applications from semiconductor encapsulation to aerospace structural adhesives. The company maintains ISO 9001-certified production across 12 global facilities.

Technology Advancements:

• Ultra-low chloride (<5ppm) grades for microelectronics
• 35% bio-content resins in qualification phase
• Custom formulations for next-gen wind turbine blades

---

8️⃣ 3. Olin Corporation

Headquarters: Clayton, Missouri, USA
Key Offering: EPI-Rez™ Novolac Epoxy Systems

Olin’s vertically integrated operations provide unmatched supply security, with captive production of key feedstocks. Their naval-grade coatings protect over 300 commercial vessels annually.

Technology Advancements:

• 90-minute rapid cure systems for industrial maintenance
• Low-viscosity (<500cps) formulations for composite infusion
• Strategic co-development with major coating producers

---

7️⃣ 4. Nan Ya Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: NPCN Epoxy Novolac Portfolio

As APAC’s epoxy production leader, Nan Ya delivers exceptional cost-performance ratios while maintaining strict quality controls. The company ships 150,000MT annually to electronics manufacturers.

Technology Advancements:

• Ultra-high flow grades reducing void content in semiconductor packages
• New 50,000MT capacity coming online Q2 2025
• Lead-free compatible formulations meeting RoHS 3.0

Download FREE Sample Report: Epoxy Novolac Resins Market – View in Detailed Research Report

---

6️⃣ 5. Aditya Birla Chemicals

Headquarters: Mumbai, India
Key Offering: Epotec Novolac Solutions

Aditya Birla leads India’s epoxy market with 45% domestic share, exporting to 22 countries. Their formulations withstand monsoon conditions and tropical temperatures up to 50°C.

Technology Advancements:

• Cost-optimized resins for construction chemical applications
• Humidity-resistant systems for coastal infrastructure
• 60,000MT capacity expansion targeting automotive OEMs

---

5️⃣ 6. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: Epiclon Electronic Grade Resins

DIC sets the global standard for PCB-grade materials, supplying 70% of Asia’s high-end laminate producers. Their contamination control protocols meet JIS Class 10 cleanroom standards.

Technology Advancements:

• Sub-ppb ionic impurity materials for 5G RF applications
• Nano-alumina reinforced composites with 30% higher thermal conductivity
• Zero-waste manufacturing initiatives achieving 98% solvent recovery

---

4️⃣ 7. KUKDO Chemical

Headquarters: Seoul, South Korea
Key Offering: KD Series Advanced Resins

KUKDO’s aerospace-grade materials withstand extreme environments from deep space to undersea applications. The company holds 47 patents in composite formulations.

Technology Advancements:

• Radiation-stable resins certified for satellite applications
• Ultra-high Tg (250°C) systems for hypersonic vehicles
• Joint development programs with defense OEMs

Read Full Report: Epoxy Novolac Resins Market – View in Detailed Research Report

---

3️⃣ 8. Chang Chun Group

Headquarters: Taipei, Taiwan
Key Offering: BE-500 Novolac Solutions

Chang Chun’s backward integration provides cost advantages while maintaining purity levels critical for lithium-ion battery applications. Their technical service teams support 500+ customers across Greater China.

Technology Advancements:

• Shear-thinning formulations for automated dispensing
• Corrosion-protection systems for offshore wind farms
• EV battery module adhesives with 3x faster cycle times

---

2️⃣ 9. Atul Ltd

Headquarters: Gujarat, India
Key Offering: ATUL Novolac Epoxy Systems

Atul has customized its product range for India’s unique processing conditions, developing formulations that cure reliably at 85% relative humidity levels.

Technology Advancements:

• Moisture-insensitive curing agents for tropical climates
• High-throughput systems for mass production
• Academic partnerships advancing green chemistry

---

1️⃣ 10. EMS-GRILTECH

Headquarters: Domat/Ems, Switzerland
Key Offering: GRILLON Semiconductor Materials

EMS supplies the world’s most demanding microelectronics manufacturers, with particle counts controlled to ISO Class 5 cleanroom specifications.

Technology Advancements:

• 0.1μm filtered systems for advanced packaging
• Patented anti-void technology reducing defects by 90%
• Custom MW distributions optimizing flow and reactivity

Read Full Report: Epoxy Novolac Resins Market – View in Detailed Research Report

---

🔬 Market Outlook: Next-Generation Epoxy Novolac Technologies

The epoxy novolac resins sector is undergoing transformative changes as performance requirements escalate across industries. While traditional applications continue driving volume demand, emerging sectors are reshaping material expectations.

📈 Critical Industry Trends:

• Accelerating adoption in EV battery thermal management systems (projected 40% CAGR through 2028)
• Development of recyclable thermoset systems using cleavable amine hardeners
• Shift toward bio-based aromatic feedstocks (20+ projects currently in development)
• Tightening REACH and EPA regulations driving reformulation efforts

These industry leaders continue pushing material science boundaries—combining deep polymer chemistry expertise with application engineering to solve tomorrow’s technical challenges today.