The Global Waterborne Epoxy Resin Market size is projected to grow at a CAGR of 5.3% during the forecast period. In 2016, this market was valued at US$ 1.4 billion and is expected to reach US$ X.X billion by 2028 end. The North American region dominated the global waterborne epoxy resin market in 2016 with a share of 43%. Europe followed closely behind with a share of 36%.
Waterborne epoxy resin is an organic compound with the formula (CH₃)₂C=C(O)E(O)H. It consists of an epoxide functional group on each terminus of a central alkene moiety. Waterborne epoxy resin has many benefits such as high weatherability, ease to apply and work with. They offer good chemical resistance and UV stability. Waterborne epoxy resins are available in a wide range of formulations that can be tailored for specific applications by adding dyes, pigments or fillers, etc. This helps the industry meet its requirements without facing any constraints due to a lack of variety.
On the basis of Type, the global waterborne epoxy resin market is segmented into High Molecular Weight and Low Molecular Weight.
High molecular weight waterborne epoxy resin is a type of free-flowing, fine powder which has excellent adhesion properties. It cures very quickly within the time span of two to three hours at room temperature or one hour under heating conditions. High Molecular Weight waterborne epoxy resin has better mechanical properties, which is a result of the higher crosslinking density between polymer chains. This helps to improve physical and chemical resistance over Low Molecular weight Epoxy Resin.
Low Molecular Weight waterborne epoxy resins are a type of product used in adhesives, composites, and coatings. Low molecular weight can also refer to any class of compounds which means having a low number of molecules or atoms per molecule. The low molecular weight segment is further sub-segmented into Low viscosity, Medium to High Viscosity & Others. The benefits of Low Molecular Weight waterborne epoxy resins are that they offer good thermal stability, can bond to a variety of substrates, and have high strength.
On the basis of Application, the global waterborne epoxy resin market is segmented into Adhesives, Composites, Coatings, etc.
High-performance waterborne epoxy resins are used in adhesives applications because of their high crosslink density, resistance to heat and chemicals. They provide excellent bonding between substrates or within laminations due to the presence of strong hydrogen bonds. The use of these materials allows manufacturers to develop products with improved performance characteristics such as structural strength, durability, chemical compatibility, etc. Waterborne-based adhesive formulations have good productivity compared to solvent-borne ones that require drying time before application which causes problems under environmental conditions like humidity or rain.
Waterborne epoxy resin is used in the Composites industry for the manufacturing of sports equipment, furniture parts, and automotive components. It has superior properties such as good physical strength, elasticity that allows it to be bent without breaking or cracking; low shrinkage rate at curing time which provides dimensional stability with high resistance against water absorption. Furthermore, its ability to withstand harsh environmental conditions like thermal shock makes it suitable for use in highly demanding applications like electrical insulators and heat exchangers.
Waterborne epoxy resin is used as a protective coating on various substrates. It finds application in metal, wood, plastics, and concrete surfaces to provide protection against corrosion and abrasion. Additionally, it provides insulation for electrical equipment such as transformers and generators due to its low thermal coefficient of expansion properties. With the growing demand from these end-use industries, the waterborne epoxy resin market is anticipated to see substantial growth over the forecast period.
On the basis of Region, the global waterborne epoxy resin market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa respectively. It has been noted that the Asia Pacific region will have significant growth due to the rise in industrialization along with the economic development of countries such as India, China Singapore Indonesia, etc. Along with this huge demand for new infrastructure projects are expected to boost the composite industry which uses high volumes of Epoxy Resin including Waterborne Epoxy Resins.
For the global waterborne epoxy resin market, various driving factors such as increasing demand from end-use industries and rising demand from emerging economies are expected to drive the growth of this market. The introduction of technologically advanced products with enhanced properties is another factor that is estimated to positively impact the growth rate of this market during the forecast period.
The resin market has grown significantly over the past years owing to high demand from consumer goods industries that rely heavily on plastics for manufacturing a wide range of products including automobiles, furniture & fixtures, and electrical wires among others. Furthermore, the growing interest of consumers towards environment-friendly green adhesive formulations coupled with increasing application scope will boost this market growth during 2021 - 2028.
Up Market Research published a new report titled “Waterborne Epoxy Resin Market research report which is segmented by Types (High Molecular Weight, Low Molecular Weight), By Applications (Adhesives, Composites, Coatings), By Players/Companies Hexion, Allnex, Huntsman, Kukdo Chemical, Adeka, Aditya Birla Chemicals, Evonik Industries, Olin, Reichhold, Baling Petrochemical, Cardolite, Ciech, Conren, DIC, Helios Resins, Jiangsu Sanmu Group, Jubail Chemical Industries, Kumho P&B Chemicals, Leuna-Harze, Resoltech, Royce International, Spolchemie”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Waterborne Epoxy Resin Market Research Report
|High Molecular Weight, Low Molecular Weight
|Adhesives, Composites, Coatings
|Hexion, Allnex, Huntsman, Kukdo Chemical, Adeka, Aditya Birla Chemicals, Evonik Industries, Olin, Reichhold, Baling Petrochemical, Cardolite, Ciech, Conren, DIC, Helios Resins, Jiangsu Sanmu Group, Jubail Chemical Industries, Kumho P&B Chemicals, Leuna-Harze, Resoltech, Royce International, Spolchemie
|North America, Europe, APAC, Latin America, MEA
|2018 to 2019 (Data from 2010 can be provided as per availability)
|Number of Pages
|Number of Tables & Figures
|Yes, the report can be customized as per your need.
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type High Molecular Weight, Low Molecular Weight and By Application Adhesives, Composites, Coatings.
Some of the companies that are profiled in this report are:
Waterborne Epoxy Resin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Waterborne Epoxy Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Waterborne Epoxy Resin Market Report:
Some other reports from this category!