Press release
Water-borne Epoxy Resins Market Share, Manufacturers, Business Growth Strategies and Forecast 2023
Global Water-borne Epoxy Resins market research report: information by type (high molecular weight, low molecular weight), by application (coatings, adhesives, composites) by end-use (construction, textiles, automotive) – Forecast till 2023Market Segmentation:
The global water-borne epoxy resins market is segregated into the type, application and end-use. On the basis of type, the market is segmented into high molecular weight, and low molecular weight segments. On the basis of the application, the market is classified into coatings, adhesives, and composites segments. On the basis of application, the market is segregated into construction, textiles, automotive, furniture, packaging, and others
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Key Players:
Some of the prominent players operating in the global water-borne epoxy resins market are Hexion (U.S.), Allnex GmbH (Germany), Huntsman Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), KUKDO CHEMICAL CO, LTD (South Korea), ADEKA CORPORATION (Japan), Evonik Industries AG (Germany), Aditya Birla Chemicals (Thailand), Ltd.(Thailand), Olin Corporation (Germany), and Reichhold LLC (U.S), among others.
Segmental Analysis:
The global water-borne epoxy resins market is segmented into type, application and end-use. On the basis of type, the market is segregated into high molecular weight, and low molecular weight segments. The market by application is sub-divided into coatings, adhesives, and composites segments. The market by end-use is further categorized into construction, textiles, automotive, furniture, packaging, and others
Regional Analysis:
The water-borne epoxy resins market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for water-borne epoxy resins in coatings, adhesives, composites, and others. The coatings segment holds a major portion and is anticipated to continue its dominance in the market due to increasing consumption of products and this has led to a surge in demand for water-based coatings in end-use industries. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.
The North American region is growing significantly due to the growing demand for epoxy coatings in paints & coatings, automotive, construction, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of epoxy resins in end-use applications has propelled the growth in countries such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because they provide unique separation, recycling ability, and high standard performance to the product.
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The European market has observed a steady growth in the last couple of years. It is projected that due to stringent rules and regulations implemented by the regional governments to follow water-based products in end-use industries, the market is set to grow at a higher rate during the forecast period. It is driven by the application of this rule in polymer, chemical, oil & gas industries, and others. Moreover, it is estimated that the growing innovation and technological advancement of product, and other products is predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.
The Middle East & Africa region is estimated to witness a significant growth in the market due to the growing adoption of product in construction, paints & coatings, and others. Moreover, Latin America is anticipated to witness a higher growth in the market due to increasing demand for eco-friendly products in the end-use industries.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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