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

Northbrook, IL -- (SBWire) -- 11/21/2018 --According to the new market research 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. The market is driven by the rising demand for waterborne epoxy resins and composites from construction and automotive industries.

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Coatings the largest application market for waterborne epoxy resin

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.

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Low molecular weight waterborne epoxy resin the fastest-growing type segment of the waterborne epoxy resin market

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 is driving the demand for low molecular weight waterborne epoxy resins, globally.

Asia Pacific the largest market for waterborne epoxy resin

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 waterborne epoxy resins market has witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years. Waterborne epoxy resins due to its characteristic properties such as amorphous thermosets with excellent mechanical strength and toughness, good thermal and electrical properties, minimal shrinkage and improved high temperature adhesive properties. Owing to these properties waterborne epoxy resins are widely used in various end-user industries such as construction, automotive, textile, packaging and furniture. Automotive is one of the major end-user industries of waterborne epoxy resins market. waterborne epoxies have wide spectrum of applications in coatings industry being used for different applications such metal packaging and water pipes, as anti-rust body primer in automotive, as thermosetting coats on coils, and flame retardants in general uses.

Currently, Asia-Pacific is the biggest market of waterborne epoxy resins, accounting for nearly 52.69% of the total market size in terms of value in 2014. Among all the countries, China dominates the waterborne epoxy resins market, which had the maximum market share in 2014 closely followed by the U.S. coatings industry is the largest consumed application of waterborne epoxy resins followed by adhesives. The European market is comparatively mature with a consumption growth rate well below the average market growth.

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Market players in the waterborne epoxy resin market

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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