Press release
Waterborne Epoxy Resins Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031 | Hexion Inc., Dow Chemical Company, Aditya Birla Chemicals Co. Ltd.
Waterborne Epoxy Resins Market
Market Overview:
Waterborne epoxy resins are chemical compounds used as protective coatings in various industries. They provide corrosion and chemical resistance when used in flooring, metal coatings, and other applications.
Market Dynamics:
Waterborne epoxy resins market is driven by increasing demand from flooring applications in commercial and industrial buildings. Epoxy flooring systems provide great durability and chemical resistance making them suitable for warehouses, factories, and garages that are exposed to heavy loads and harsh chemicals. Additionally, stringent environmental regulations regarding VOC emissions from solvent-borne epoxy resins are prompting manufacturers to shift toward waterborne varieties. This is expected to support market growth over the forecast period.
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Top Key Players are Covered in this Report:
★ Hexion Inc.
★ Dow Chemical Company
★ Aditya Birla Chemicals Co. Ltd.
★ Huntsman Corporation
★ BASF SE
★ Royal DSM N.V.
★ Eastman Chemical Corporation
★ Conren Limited
★ Gellner Industrial LLC
★ AllCoat Technology Inc
Market Segmentation:
★ By Application Type: Adhesives, Coatings, Composites, Others
★ By Product Form Type: Liquid, Semi-Solid, Solid
★ By Molecular Weight: Low Molecular Weight, High Molecular Weight
★ By End Use Industry: Construction, Automotive, Textiles, Packaging, Others
Key Region/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Major Drivers for Growth in Demand for Waterborne Epoxy Resins:
1. Infrastructure Development Projects Driving Demand for Waterborne Epoxy Resins
Rising population and rapid urbanization in developing countries are increasing the need for infrastructure development activities like construction of roads, bridges, ports, airports, railways etc. Waterborne epoxy resins are extensively used in concrete protection, flooring, coating applications in these infrastructure projects. Countries in Asia Pacific and Latin America are investing heavily in infrastructure to support economic growth which is creating high demand for waterborne epoxy resins in these regions.
2. Strict Environmental Regulations Pushing Manufacturers to Shift to Waterborne Epoxy Resins
Growing environmental concerns about VOC (Volatile Organic Compounds) emissions from solvent-borne epoxy resins are driving regulatory bans and restrictions on the usage of solvent-borne products. Various countries and regions have imposed stringent environmental norms to reduce air pollution. This is compelling epoxy resin manufacturers to shift their product portfolio to environment-friendly and low VOC waterborne epoxy resins. The waterborne epoxy resins market is positively impacted by the gradually tightening environmental legislations around the globe.
Major Market Restrain for Waterborne Epoxy Resins:
Challenges in Formulation Development hindering Widespread Adoption
While waterborne epoxy resins have clear environmental benefits, their formulation and production is more complex compared to solvent-borne epoxy resins. Achieving desired technical performance characteristics like corrosion resistance, mechanical strength, flexibility etc in waterborne products requires extensive research and development. Additionally, inconsistent quality during mass production is a key concern cited by buyers. These formulation and quality related challenges are restricting faster replacement of solvent-borne epoxy with waterborne type in some applications. Ongoing research focus on overcoming these obstacles will help realize the full market potential of waterborne epoxy resins.
Major Market Opportunity for Waterborne Epoxy Resins:
Increasing Usage in Flooring and Coating Applications
Due to their excellent adhesion, mechanical strength and chemical resistance; waterborne epoxy resins are increasingly utilized in flooring and coating applications. The flooring industry is growing globally with rising construction of warehouses, manufacturing facilities, garages etc which presents a lucrative opportunity. Similarly, waterborne epoxy coatings are getting preferred for their protective and decorative usage in various industrial and commercial settings. Both flooring as well as coating applications offer vast untapped market potential for waterborne epoxy resin manufacturers.
Major Market Trend for Waterborne Epoxy Resins:
Rising Adoption of Green Chemistry Approach
With sustainability becoming a key priority, chemical companies are pursuing green chemistry strategies to design environment-friendly products. In line with this trend, research on plant-based bio-epoxy resins as an alternative to traditional petroleum-derived epoxy is gaining momentum. Some waterborne epoxy resin manufacturers have already started commercializing bio-based and biodegradable product ranges. Such eco-friendly green chemistry innovations will enhance the appeal of waterborne epoxy resins especially among environmentally conscious consumers. Overall green product development is an important market trend that will boost future demand.
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The report answers a number of crucial questions, including:
➥ Which companies dominate the global Waterborne Epoxy Resins market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Waterborne Epoxy Resins market economy globally?
Some of the Major Points of TOC cover:
Chapter 1: Techniques & Scope
1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources
Chapter 2: Latest Trends Summary
2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends
Chapter 3: Industry Insights
3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape
Chapter 4: Waterborne Epoxy Resins Market, By Region
Chapter 5: Company Profiles
5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook
Chapter 6: Assumptions and Acronyms
Chapter 7: Research Methodology
Chapter 8: Contact (Continue . . .)
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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