Waterborne Epoxy Resin Market Outlook
According to the report by Expert Market Research (EMR), the waterborne epoxy resin market size is projected to grow at a CAGR of 8.80% between 2024 and 2032. The market is driven by increasing environmental regulations, advancements in technology, and the rising demand for eco-friendly coatings.
Waterborne epoxy resins are a type of epoxy resin that is dispersed in water, making them less hazardous and more environmentally friendly compared to solvent-based epoxy resins. They are widely used in coatings, adhesives, and composites due to their excellent adhesion, corrosion resistance, and durability.
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Epoxy resins are a category of the prepolymer, and polymers recognised for their exceptional adhesive properties. When combined with hardeners and curing agents, epoxy resins create a robust and long-lasting material utilized in numerous commercial and industrial settings.
As per the waterborne epoxy resin market analysis, one of the primary drivers of the market is the increasing environmental regulations aimed at reducing volatile organic compound (VOC) emissions. Waterborne epoxy resins have lower VOC content compared to solvent-based resins, making them a preferred choice for sectors looking to comply with environmental regulations.
Moreover, the growing demand for eco-friendly and sustainable coatings in various end-use sectors, such as construction, automotive, and marine, is also fuelling the waterborne epoxy resin market growth. Waterborne epoxy resins offer a greener alternative to traditional coatings, with reduced environmental impact and improved safety for workers.
Additionally, advancements in technology have led to the development of high-performance waterborne epoxy resins that can compete with solvent-based resins in terms of durability and resistance properties. This has expanded the application range of waterborne epoxy resins, leading to the waterborne epoxy resin market expansion.
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The rising need for lightweight and fuel-efficient vehicles has led manufacturers to rely more on adhesives instead of traditional fastening methods like welds, rivets, or bolts. Through the use of adhesives and composites, companies strive to decrease the overall weight of their products, consequently driving up the waterborne epoxy resin market share.
Furthermore, the market has witnessed several developments, including the introduction of new products with enhanced properties and the expansion of production capacities by key players. Companies are focusing on research and development to improve the performance of waterborne epoxy resins and expand their application in various sectors.
Collaborations and partnerships between resin manufacturers and coating formulators are also common, aimed at developing innovative and sustainable coating solutions that meet the evolving needs of end-use sectors, this further leads to the waterborne epoxy resin market development.
Waterborne Epoxy Resin Market Segmentation
The market can be divided based on the product type, application, end use, and region.
Market Breakup by Product Type
- High Molecular Weight
- Low Molecular Weight
Market Breakup by Application
- Composites
- Coatings
- Adhesives
- Others
Market Breakup by End Use
- Automotive
- Construction
- Textile
- Packaging
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global waterborne epoxy resin market. Some of the major players explored in the report by Expert Market Research are as follows:
- Hexion Inc.
- Huntsman International LLC
- Kukdo Chemical CO., LTD.
- ADEKA Corporation
- Evonik Industries AG
- Others
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