-- The waterborne epoxy resin market is estimated to be USD 2.79 Billion in 2017 and projected to grow at a CAGR of 9.1% during the forecast period between 2017 and 2021. The market is segmented on the basis of type, application, end-use industry, and region. By type, the market is segmented into high molecular weight and low molecular weight waterborne epoxy resin. Based on application, the market is segmented into coating, adhesives & composites. The market is also segmented by region into Asia Pacific, North America, Western Europe, Europe, South America, and Middle East & Africa. The base year considered for the study is 2016 and forecast period is from 2017 to 2022.
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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.
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.
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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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