Press release
Waterborne Epoxy Resin Market Rising Business-Opportunities to Reach US$ 7.69 Bn by 2030.
Waterborne Epoxy Resin Market
The global waterborne epoxy resin market was valued between US $3.8 bn and $4.5 bn in 2023, with forecasted growth to US $6.6-7.7 bn by 2030-2032, at a CAGR of 7-7.8%. Driven by rising environmental regulations and low-VOC demands, the sector is witnessing robust expansion across coatings, adhesives, composites, and furniture industries.
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►Competitive Landscape
Top companies include Hexion Inc., Nan Ya Plastics Corporation, Allnex GmbH, Kukdo Chemical Co., Aditya Birla Chemicals, Olin, Huntsman, Reichhold, Evonik Industries, and Adeka Corporation.
In June 2024, Hexion Inc. launched new waterborne epoxy formulations to strengthen its coatings portfolio .
In August 2023, Evonik Industries AG announced plans to expand its Singapore facility to increase global output.
►Regional Insights
♦ 🇺🇸 United States: Growth & Opportunity
The U.S., a key North American hub, is experiencing a 5.8% CAGR (2025-2032) and projected to reach US $1.25 bn by 2032
Opportunity in Construction & Automotive: Environmental regulations and industrial transitions fuel adoption.
Trends: Rising call for low-VOC coatings.
Consolidation: Regional expansions by major players enhancing access.
Updation: New pilot eco-coating plants trending nationwide.
♦ Asia‐Pacific: Growth & Opportunity
Asia‐Pacific leads globally with 45%+ market share in 2022-24, rallying at a CAGR of 7-8%, and anticipated market size reaching US $6.6 bn by 2031 .
Opportunity in Infrastructure & EV: Rapid industrialization and green automotive initiatives.
Trends: Preferring waterborne epoxies in coatings and adhesives.
Consolidation: Strong M&A wave across China, India, South Korea.
Updation: Launch of low-VOC plant expansions in India and Vietnam.
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♦ 🇪🇺 Europe: Growth & Opportunity
Europe stands as the largest waterborne epoxy market, growing at CAGR ~7%, driven by stringent environmental policies.
Opportunity: High demand among automotive, marine, and electronics sectors.
Trends: Broad adoption in protective coatings.
Consolidation: Bold players like Hexion Inc., Allnex GmbH, Evonik Industries, and PPG Industries consolidate via joint ventures and tech licensing.
Updation: Capacity expansions in Germany and France.
♦ Middle East & Africa: Growth & Opportunity
MEA is emerging steadily with a smaller share expected to reach US $0.7 bn by 2032 .
Opportunity: Infrastructure and petrochemical investments accelerate demand.
Trends: Rising uptake for corrosion-resistant coatings in harsh climate zones.
Consolidation: Regional partnerships forming; Huntsman Corporation acquired Icynene‐Lapolla (Feb 2023), enhancing MEA footprint.
Updation: Joint ventures announced in UAE and Egypt for green coating tech.
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► Market Segmentation: In-Depth Analysis:
by Type
High Molecular Weight
Low Molecular Weight
by Application
Adhesives
Composites
Coatings
by Industry
Construction
Automotive
Textile
Packaging
Furniture
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/waterborne-epoxy-resin-market/2489/
► Learn about the top players driving innovation in the Market :
1. Hexion Inc. (US)
2. Nan Ya Plastics Corporation (Taiwan)
3. Allnex GmbH (Germany)
4. Kukdo Chemical Co., Ltd. (South Korea)
5. Aditya Birla Chemicals (Thailand) Ltd.
6. Olin Corporation (US)
7. Huntsman Corporation (US)
8. Reichhold LLC (US)
9. Evonik Industries AG (Germany)
10. Adeka Corporation (Japan)
11. Air Products & Chemicals Inc.,
12. Nan Ya Plastics Corporation,
13. Allnex Belgium NV/SA,
14. eichhold Industries, Inc.
15. Hexion Inc.
16. Miller-Stephenson Chemical Company, Inc.
17. Perma Enterprise Co.
18. Reichhold LLC
19. Allnex Hexion Inc.
20. DIC Corporation
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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