Industry News

Waterborne Epoxy Resin Market to Reach USD 4.31 Billion by 2022

Published on 2017-08-31. Author : SpecialChem

The report "Waterborne Epoxy Resin Market by Type (High Molecular Weight, Low Molecular Weight), Application (Coatings, Adhesives, and Composites), End-use Industry (Construction, Automotive, Textile, Packaging, and Furniture), and Region - Global Forecasts to 2022", The market size of waterborne epoxy resin is estimated to grow from USD 2.79 Billion in 2017 to 4.31 Billion by 2022, at a CAGR of 9.1% from 2017 to 2022.

Waterborne Epoxy Resin Market

Factors to Drive Demand

  • Rising demand for waterborne epoxy resins and composites from construction and automotive industries.

Low Molecular Weight Waterborne Epoxy Resins

  • Low molecular weight waterborne epoxy resin is the fastest-growing segment of the waterborne epoxy resin market. Low molecular weight waterborne epoxy resins are extensively used in coatings, adhesives & composites.
  • They offer good abrasion resistance, improved dry performance, easy mixing, and low odor.
  • Increased government investments on commercial building & construction projects are driving the demand for low molecular weight waterborne epoxy resins, globally.

Largest Market & Application Market

Asia Pacific is the largest market for waterborne epoxy resins. The economic growth in the region (particularly in China and India) and growing end-use industries such as construction, automotive, textile, packaging, and furniture are driving the waterborne epoxy resin market.

The coating segment led the waterborne epoxy resin market in 2016. Waterborne epoxy resins are used in coatings, adhesives & composites applications. The market for waterborne epoxy resin is expected to grow during the forecast period due to the increasing infrastructural developments in the emerging economies in Asia Pacific and the Middle East.

Market Players

Hexion Inc. (US), Allnex GmbH (Germany), Huntsman Corporation (US), Evonik Industries AG (Germany), Olin Corporation (US), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (Thailand) Ltd. (Thailand), Reichhold LLC (U.S.), Nan Ya Plastics Corporation (Taiwan), ADEKA Corporation (Japan), DIC Corporation (Japan), Spolchemie A.S. (Czech Republic), Resoltech (France), LEUNA-Harze GmbH (Germany), Helios Resins (Slovenia), and Kumho P&B Chemicals Inc. (South Korea) are the players operating in the waterborne epoxy resin market.

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Source: MarketsandMarkets
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