Waterborne Epoxy Resin Market Growth Trends for 2017 & Industry Forecast report by 2024
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1. Waterborne Epoxy Resin Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Waterborne Epoxy Resin Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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.
However, fluctuating raw material prices and meeting high demand of bisphenol A which is used to manufacture epoxy resin, can impede the growth of the market. Emerging bio-based resins can also hamper the demand of waterborne epoxy resins.
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.
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.
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Regionally, Global Market Insights, Inc.’s Waterborne Epoxy Resin Market research has the most in-depth, country focused estimates and forecasts for decision makers across the globe. An exhaustive list of company profiles for organizations active in the Waterborne Epoxy Resin Market supports the regional analysis and information offering a competitive outlook on the industry.
For each segment analyzed in this research, whether it is by product, application, material or end-use, a regional overview with historical data and Waterborne Epoxy Resin Market forecast is provided to the reader. Such a cross-segmentation research analysis is also unique to reports by Global Market Insights, Inc.
Based on region, the market can be segmented into Europe, North America, Latin America, Asia Pacific, and Middle East & Asia. Asia Pacific holds the major market share in terms of volume. The growing population, investment opportunities in developed & developing countries, growing manufacturing sector, and government initiatives to encourage industrial growth are the key drivers that will drive the product market in the region.
In terms of consumption, U.S. and China hold the key shares in the market. Russia, South Korea and Germany are some of the countries where the product market is expected to grow at a robust rate. MEA is expected to witness growth in the product market owing to increasing infrastructure opportunities.
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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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