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Waterborne Epoxy Resins market Is Expected To Boost The Growth, Opportunity Over The Forecast Period 2021-2027.

10-27-2021 09:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Waterborne Epoxy Resins market

Waterborne Epoxy Resins market

Waterborne epoxy resins are popular because they emit less volatile organic compounds (VOCs). These resins are very compatible with a variety of components and can be mixed with wetting agents, co-solvents, and additives to create formulations with exceptional adhesion to substrates and high cure corrosion resistance. Epoxy resins that are waterborne are employed in a variety of applications, including adhesives, coatings, composites, and more.

Due to rising demand for environmentally friendly products, the global waterborne epoxy resins market is predicted to develop significantly during the forecast period (2019-2027). In terms of application, the coatings sector dominated the global waterborne epoxy resins market in 2018. In 2018, the category accounted for more than 50.0 percent of the overall market's sales. Waterborne epoxy resin is predicted to expand in popularity as a protective coating in concrete, automotive metal, and marine applications, as well as pipe and coil, to survive corrosive and humid environments.

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Detailed Segmentation:

Global Waterborne Epoxy Resins Market, By Product Form:
Liquid
Semi-Solid
Solid

Global Waterborne Epoxy Resins Market, By Molecular Weight:
Low Molecular Weight
High Molecular Weight

Increasing awareness about carbon emissions and growing fuel crisis is shifting consumer demands towards lightweight composite materials in aerospace and automotive industries, which in turn is expected to have positive impact on growth of the composites segment over the forecast period.

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In 2018, Asia Pacific held the highest share of the global waterborne epoxy resins market. Increased use of epoxy resins in various end-use industries such as construction and automotive, as well as the growth of these industries in the region, are driving regional growth. According to the Organization for Economic Co-operation and Development (OECD), the construction market in Asia Pacific is predicted to increase at a rate of 7-8 percent between 2017 and 2025, reaching US$ 5.36 trillion by 2025, accounting for about 60.0 percent of worldwide construction.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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