Waterborne Epoxy Resin Market Report

Market Insights

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.

What is waterborne epoxy resin?

Waterborne epoxy resin is used for hardening the water soluble that give good metal coating properties. They can be added easily to speed drying, increase adhesion, enhance corrosion resistance, and extend pot life.

Market Drivers

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.

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Key Players

Some of the major waterborne epoxy resin manufacturers are-

• 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.

Segment Analysis

By Resin Type

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.

By Application Type

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.

By Region

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.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The waterborne epoxy resin market is segmented into the following categories. 

By Resin Type:

• High Molecular Weight
• Low Molecular Weight

By Application Type:

• Coatings
  • (Application Type Analysis: Top Coats and Self-Leveling Coatings, Floor Primers, and Sealers)
• Adhesives
  • (Application Type Analysis: Tie-Coats, Laminates, and Primers)
• Composites
  • (Application Type Analysis: Resin Infusion, Bonding Paste, Hand Lay-Up, Binders, Repair, Tooling, and Other Products)
• Others

By End-Use Industry Type:

• Construction
  • (End-Use Industry Type Analysis: Decorative & Topcoat, Self-Leveling Floor, Grout & Mortar, Repair Systems, and Pipelines)
• Textiles
  • (End-Use Industry Type Analysis: Fiber Sizing, Fiber Adhesive Treatment, Binders and Performance Treatments for Textiles/Nonwovens)
• Automotive
  • (End-Use Industry Type Analysis: Structural, Exterior, Upper Hood, and Suspension System)
• Furniture
• Packaging
  • (End-Use Industry Type Analysis: Cans and Bottles, Mixed/Frozen Material Packaging)
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the resin types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.