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The global waterborne epoxy resin market size is expected to grow at a CAGR of 8.80% between 2024 and 2032. The development is being driven by the increasing demand for lightweight products and the rising demand for environmentally friendly compounds.
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Epoxy resins refer to a type of prepolymer and polymers that are known for their strong adhesive qualities. Epoxy resins form a strong and durable substance when mixed with hardeners and curing agents. This is used in a variety of commercial and industrial applications.
Waterborne epoxy resin use water as a solvent to disperse a resin, which makes it environmentally friendly and low in toxicity and flammability. While traditional waterborne resins were water-reducible, modern products are already diluted in water. They have been following the trend to reduce the content of coalescing and process solvents, with a target to reach close to zero VOC.
Regulatory organisations have implemented strict restrictions on the emission of volatile organic compounds (VOCs) with the usage of organic solvents in paints and varnishes. These regulations aim to reduce the impact of VOCs on human health. This can significantly enhance the market growth as waterborne epoxy resins provide zero VOCs emission making them environmentally friendly.
The demand for lightweight and fuel-efficient vehicles is increasing and to do so, manufacturers are increasingly utilizing adhesives to replace fastening parts including welds, rivets, or bolts. By using adhesives and composites companies aim to reduce the extra weight of products and can further propel the market growth.
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Based on product type, the market can be segmented into high molecular weight and low molecular weight. Based on application, it can be bifurcated into composites, coatings, and adhesives, among others. Based on end-use, the market bifurcations include automotive, construction, textile, and packaging, among others. The regional markets for the waterborne epoxy resin market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global waterborne epoxy resin market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Based on product type, the market segments include high molecular weight and low molecular weight. The low molecular weight segment is expected to show rapid growth due to wide applications for coatings, adhesives, and composites. This type of epoxy resin provides relatively good abrasion resistance and improved dry performance, easy mixing, and low odour.
Based on application, the market divisions include composites, coatings, and adhesives, among others. Among these applications, adhesives application is projected to hold a major share of the market owing to increasing implementation in the building and construction industry. The demand for compounds is rising due to the trend of making products lightweight. The increased use of composites in commercial sectors such as automotive, aerospace, electronics, and the wind industry, is also expected to drive the growth.
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Hexion Inc. is an American company, a pioneer in chemical manufacturing, and has been engaged in advancing speciality chemicals and performance chemicals. The company was founded in 1899 and its headquarter is located in Ohio, United States. They offer their solution for various applications including adhesives, chemical intermediaries, civil engineering, coatings, crop production, engineered wood, fertilizers and pesticides, among other applications.
Huntsman International LLC is a chemical manufacturing company, offering its products worldwide to manufacturers. They distribute their products for various end-use consumer and industrial markets. The company deals with four business divisions including polyurethanes, performance products, advanced materials, and textile effects. Their high-performance adhesive technologies provide joining and bonding solutions for plastics, metals, composite materials, and many other substrates.
Evonik Industries AG is a German speciality chemical company, which was founded in 2007. The company's headquarter is in Essen, Germany. It is one of the largest speciality chemicals companies in the world with products provided in multiple end-use industries, including agriculture, construction, automotive, coating and paints, electronics, lifestyle and personal care, plastics and rubber, among other industries.
Other market players include Kukdo Chemical CO., LTD. and ADEKA Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Waterborne Epoxy Resin Market Size
Waterborne Epoxy Resin Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is expected to grow at a CAGR of 8.80% during the period 2024-2032.
The market is driven by the growing demand for eco-friendly products and rising utilisation in the construction and building industry due to the increasing infrastructural development plans introduced by the governments of various countries.
The increasing utilisation of low molecular weight due to its advantages and in the replacement of parts, such as bolts and welds, and the increasing implementation of compounds in the automobile to meet the growing demand for lightweight products is expected to bring further growth opportunities to the market.
The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The product types in the waterborne epoxy resin market include high molecular weight and low molecular weight.
The applications available for waterborne epoxy resin include composites, coatings, and adhesives, among others.
The end-users utilizing waterborne epoxy resin in the market include automotive, construction, textile, and packaging, among others.
The key players in the market include Hexion Inc., Huntsman International LLC, Kukdo Chemical CO., LTD., ADEKA Corporation, and Evonik Industries AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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