Water-borne Epoxy Resins Market Analysis, Development, Key Players, Present Status, Prospective And Forecast
Water-borne epoxy resins are used for various end-uses such as in alkyds, dispersible paints, and others to impart corrosion and abrasion resistance to the product. It provides significant properties such as excellent performance, efficiency, and durable nature to the finished material. Moreover, they provide versatility and reliability to the product.
The global Water-Borne Epoxy
Resins Market Analysis has been driven by the
range of its application in various uses such as construction, textiles, and
others. Moreover, it is estimated that the coating sub-segment is set to witness
the highest growth in the market due to its extensive use in heavy end-use
industries.
Market Segmentation:
The global water-borne epoxy resins market is segregated into
the type, application and end-use. On the basis of type, the market is
segmented into high molecular weight, and low molecular weight segments. On the
basis of the application, the market is classified into coatings, adhesives,
and composites segments. On the basis of application, the market is segregated
into construction, textiles, automotive, furniture, packaging, and others
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Market Scenario:
The low-molecular weight epoxy resins is the leading type in the
market on account of its easy use and recyclability features offered by the
product. These coatings provide enhanced performance, and efficiency to the
product.
Coatings is the widely used material in end-use industries due
to its growing use in latex paints, colloidal paint, and others.
Construction is the leading segment of application in the market
and is anticipated to observe a higher CAGR due to extensive use of water-based
products because of their ecofriendly properties as well as to impart long life
to the product.
Regional Analysis:
The global water-borne epoxy resins market analysis is spanned
across five key regions: Asia Pacific, North America, Europe, Latin America,
and the Middle East & Africa. Among these, Asia Pacific holds a major
portion of the global market and is anticipated to continue its dominance due
to rising demand for the product in various applications. Countries such as
China, Japan, and India are the major players in this region. The North
American region is estimated to witness a higher growth in the U.S., Canada,
and Mexico owing to the increasing demand for the product in paints &
coatings, automotive, construction, and other systems. The enactment of new
rules and regulations set by the European Union has driven the manufacturers to
use eco-friendly materials in end-use industries. Moreover, it is projected
that the advancing research & development of water-borne epoxy resins in
the market has propelled this region to witness a good growth in Germany, the
U.K, and Italy.
The Middle East & Africa is estimated to observe a
significant growth due to an increased consumption of epoxy coat and floor
paint in end-use industries. Additionally, the growing demand for solvent free
products in automotive, chemical, polymer, and other industries is projected to
boost the market in the Latin American region.
Competitive Analysis:
Some of the major players functioning in the global water-borne
epoxy resins market analysis are Hexion (U.S.), Allnex GmbH (Germany), Huntsman
Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), KUKDO CHEMICAL CO,
LTD (South Korea), ADEKA CORPORATION (Japan), Evonik Industries AG
(Germany), Aditya Birla Chemicals (Thailand) Ltd.(Thailand), Olin Corporation
(Germany), and Reichhold LLC (U.S.), among others.
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