Waterborne Epoxy Resin Market Revenue Status and Outlook 2017-2022
The Global Waterborne Epoxy Resin Industry is expected to witness a higher growth in forthcoming years. Waterborne epoxy resins are found in coatings, adhesives and composites and the market for waterborne epoxy resins contemplates to be very cheerful during forecast period due to ever-growing infrastructural developments in emerging economies such as Asia- Pacific and Middle-East.
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The waterborne epoxy resins with low molecular weight are growing very fast amongst all segments because of its use in coatings, adhesives and composites. Reason for this being, waterborne epoxy resins offer good abrasion resistance, work extremely well with dry surfaces, mix very easily and exhibit less odor. Growing inclination towards green and eco-friendly products with epoxy resins contribution is very high because of government laws regulating VOC emissions from solvent based coatings. Main drivers for growth in eco-friendly waterborne epoxy resins market include absolute absence of solvents which evaporate during curing phase drawing on less adhesion and low performance. Government proposals and investments on commercial establishments and construction avenues is growing demand for low molecular weight Waterborne Epoxy Resin Market.
Asia Pacific comprises the largest market in waterborne epoxy resins most importantly India and China and end-use industries such as construction, automotive, textile, packaging and furniture are garnering increasing favor with epoxy resins, thus acting as imminent growth drivers for epoxy resins market in these regions. Simultaneous development amongst local competitors and growth in emerging economies of Asia Pacific will contribute significantly towards growth of epoxy resins market. The waterborne epoxy resins market has a significant industry prominence scattered around the globe that contributes to market growth and concentration of players regionally makes for market growth in all.
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Segmentation of waterborne epoxy resins market by type and analysis includes low molecular weight and high molecular weight. Segmentation of waterborne epoxy resins market by applications includes construction, textile, packaging, automotive and furniture. The construction segment possesses major market shares in waterborne epoxy resin industry and this is bound to dominate markets in coming years. With additional investments being pumped into the industry, waterborne epoxy resins market will dominate growth in forecast years. The key market players in the waterborne epoxy resins industry include Hexion, Inc., Allnex, GmbH, Huntsman Corporation, Evonik Industries, Olin Corporation, Kukdo chemical Co.Ltd., Aditya Birla Chemicals, ADEKA Corporation and Helios Resins.