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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Waterborne Epoxy Resin Market Outlook

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.

waterborne epoxy resin market

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Global Waterborne Epoxy Resin Market Trends

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.

Rising Demand for Eco-Friendly Products

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.

Increasing Utilisation of Epoxy in Automobiles

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.

Global Waterborne Epoxy Resin Market Analysis

waterborne epoxy resin market by segments

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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. 

  • Hexion Inc.
  • Huntsman International LLC
  • Kukdo Chemical CO., LTD.
  • ADEKA Corporation
  • Evonik Industries AG
  • Others

Product Types Available in the Market

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.

Applications of Waterborne Epoxy Resin in the Market

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.

waterborne epoxy resin market by region

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Competitive Landscape

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.

Key Highlights of the Report

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:

  • Product Type
  • Application
  • End Use
  • Region
Breakup by Product Type
  • High Molecular Weight
  • Low Molecular Weight
Breakup by Application
  • Composites
  • Coatings
  • Adhesives
  • Others
Breakup by End Use
  • Automotive
  • Construction
  • Textile
  • Packaging
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hexion Inc.
  • Huntsman International LLC
  • Kukdo Chemical CO., LTD.
  • ADEKA Corporation
  • Evonik Industries AG
  • Others

Waterborne Epoxy Resin Market Report Snapshots

Waterborne Epoxy Resin Market Size

Waterborne Epoxy Resin Market Trends

Waterborne Epoxy Resin Market Analysis

Waterborne Epoxy Resin Companies

*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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Key Questions Answered in the Report

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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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124