Waterborne Epoxy Resin Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Waterborne epoxy resin market is likely to grow from USD 3.16 billion in 2021 to USD 5.88 billion by 2028 at an impressive CAGR of 9.13% during the forecast period. The growing demand for waterborne epoxy resin is mainly due to the shift of industries toward green and environment friendly products, stringent environment regulations, and growing construction industry.
Market Segments' Analysis
According to Stratview Research, the Waterborne Epoxy Resin Market is segmented by Resin Type (High Molecular Weight, Low Molecular Weight), by Application Type (Coatings, Adhesives, Composites, and Others), by End-Use Industry Type (Construction, Textiles, Automotive, Furniture, Packaging, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the resin type, the market is segmented as high molecular weight, and low molecular weight. The low molecular weight segment to be the fastest growing segment during the forecast period. As low molecular weight resins are being preferably used in all the applications such as coatings, adhesives, and composites and they offer properties such as good abrasion resistance, easy mixing, low odor, and improved dry performance.
Based on the application type, the market is segmented as coatings, adhesives, composites, and others. The coatings application is expected to remain dominant during the forecast period owing to increasing construction activities in the developing countries of Asia-Pacific and other regions.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing waterborne epoxy resin market during the forecast period, with China and India being the major countries owing to, organic growth of end-use industries in the region automotive, construction, packaging, furniture, and textile is giving a boost to the waterborne epoxy resin market.
Top key vendors in the market:
The report mentions a list of key players in the Waterborne Epoxy Resin Market. Some of them are mentioned below –
- ADEKA Corporation
- Aditya Birla Chemicals (Thailand) LTD.
- Allnex GmbH
- Evonik Industries AG
- Hexion Inc.
- Huntsman Corporation
- Kukdo Chemical Co., LTD.
- Nan Ya Plastics Corporation
- Olin Corporation
- Reichhold LLC.
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