Global Waterborne Epoxy Resins Market size was valued at USD 3.8 Billion in 2023 and is expected to reach USD 6.6 Billion by 2032, at a CAGR of 7.1% during the forecast period 2023 – 2032.
Waterborne Epoxy Resins Market: Overview
Waterborne epoxy resins are a form of epoxy resin that is suspended in water. Waterborne epoxy resins have ecological advantages over solvent-based alternatives, such as fewer VOC emissions and simpler cleanup, while maintaining great adhesion, toughness, and resistance to chemicals.
Rising environmental restrictions and customer demand for eco-friendly goods are promoting the transition to waterborne formulations over older solvent-based alternatives. Furthermore, the rise of the construction sector, especially in emerging nations, drives consumer interest in waterborne epoxy resins in applications such as paints, adhesives, glues and sealants, which have higher performance and reduced VOC emissions.
Finally, technical developments result in the creation of novel aqueous epoxy resin compositions with improved features like as durability, adhesion, and corrosion resistance, broadening their application across industries. Furthermore, sustainability measures and a focus on lowering carbon footprints have accelerated industry expansion.
Finally, alliances and strategic partnerships among important stakeholders promote R&D activities, encouraging new product development and market expansion to satisfy changing customer needs and compliance with regulations.
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By type, the high molecular weight segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. High molecular weight propels the aqueous epoxy resins market because it improves qualities such as durability, adhesion, and toughness, making these resins appropriate for a wide range of applications that require long-lasting performance.
By application, the adhesives segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Adhesives are driving the waterborne epoxy resins market because of their flexible bonding capabilities, sustainability, and growing demand in industries that include construction, automobiles and packaging.
By end use industry, the construction segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Construction drives the waterborne epoxy resins market owing to its versatility in flooring, coatings, adhesives, and sealants. The industry requires long-lasting, ecologically friendly materials for a variety of building and infrastructure applications.
Asia-Pacific dominates the waterborne epoxy resins market owing to its booming construction and automotive sectors, as well as rigorous environmental laws that encourage eco-friendly paints and adhesives.
DOWSIL™ 8016 waterborne resin is a low VOC silicone resin emulsion suitable for aqueous coating systems. Provides enhanced high-temperature resistance at 500°C and higher, as well as increased coating hardness.
CMI has comprehensively analyzed the Global Waterborne Epoxy Resins market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Waterborne Epoxy Resins industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Waterborne Epoxy Resins Market:
- Hexion Inc.
- Nan Ya Plastics Corporation
- Allnex GmbH
- Kukdo Chemical Co. Ltd.
- Aditya Birla Chemicals Ltd.
- Olin Corporation
- Huntsman Corporation
- Reichhold LLC
- Evonik Industries AG
- Adeka Corporation
- Air Products & Chemicals Inc.
- Nan Ya Plastics Corporation
- Allnex Belgium NV/SA
- Reichhold Industries Inc.
- Hexion Inc.
- Miller-Stephenson Chemical Company Inc.
- Perma Enterprise Co.
- Reichhold LLC
- Allnex Hexion Inc.
- DIC Corporation
- Others
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