Press release
What's driving the Waterborne Epoxy Resin Market Share? Aditya Birla Chemicals, Allnex, Hexion Inc., Kukdo Chemical Co., Ltd., Olin Corporation
Waterborne Epoxy Resins Market
Due to the rising industrialization, the demand of coatings and paints has considerably increased which will propel the product market. Growing demand from aerospace and wind energy industries is anticipated to augment the demand of the product over the forecast period. With the environmental legislation becoming stricter in various countries, waterborne coatings have become popular in industrial coatings which will drive the product market. Another major factor for the incline of the product market is its low volatile organic compound (VOC) emission.
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The replacement of solvent-based counterparts by the product has increased the demand for environment friendly waterborne epoxy resin. The product has excellent adhesion properties on different substrates, good protective and chemical resistance properties. It exhibits good dilution efficiency, high stability and high tensile strength. Aqueous epoxy resins comprise of non-ionic epoxy functional emulsifiers which permit emulsifiers to be a portion of the cured product.
The product coatings are essential to prevent rust formation on vehicles which increases the life of the vehicles. It also provides clear lighting from LEDs and is used to improve light diffraction. The increased demand for the product to manufacture electrical laminates for generators, motors and insulators have boosted the product market. Waterborne epoxy resins are widely used in boat manufacturing due to excellent gap filling properties. The product finds its application in aerodynamically efficient blades which has driven the product market in aerospace industry.
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The product market can be segmented on the basis of application, means of dispersion and region. Based on application, the product market can be divided into coatings & paints, adhesives, composites, sealants, electricals and others such as binders in textiles, etc. Coatings & paints is the largest application segment of the product market which will grow at a fast pace owing to the use in end-use industries such as automotive, marine, electrical & electronics, etc.
The product is widely used in printed circuit boards which has escalated the product market in electricals segment. Based on means of dispersion, the product market can be segmented into polyethylene oxide, polyethylene glycol and fatty acids.
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Some of the major companies capturing the product market are Aditya Birla Chemicals, Allnex, Hexion Inc., Kukdo Chemical Co., Ltd., Olin Corporation, Nan Ya Plastics Corporation, Air Products and Chemicals, Inc., Huntsman Corporation, Miller-Stephenson Chemical Company, Inc., Perma Enterprise Co., Ltd., etc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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