The global epoxy resin market was valued at approximately $8 billion in 2016. The epoxy resin market is dominated by the Asia-Pacific region, which contributes 55.2% of the total market share. China is the major producer and consumer globally, consuming almost 35% of the global resin production. The global market is made up of approximately 50–100 manufacturers of basic or commodity epoxy resins and hardeners. In Europe, about 323,000 tonnes of epoxy resin were manufactured in 2017 generating some €1,055 million in sales. Germany is the largest market for epoxy resins in Europe, followed by Italy, France, the UK, Spain, the Netherlands and Austria.