Waterborne Epoxy Resins Market Business Insights 2022 -2028 Forecast, Size, New TrendsPosted by Roger on April 5th, 2023 Waterborne epoxy resins are a type of polymer that is used as a coating material in a variety of industries, such as construction, automotive, and electronics. They are formulated to provide excellent adhesion, durability, and chemical resistance. Waterborne epoxy resins are preferred over traditional solvent-based epoxy resins due to their lower VOC emissions, reduced toxicity, and ease of application. Market Size and Growth The global waterborne epoxy resins market was valued at USD 2.42 billion in 2020 and is expected to reach USD 3.53 billion by 2028, growing at a CAGR of 4.8% from 2021 to 2028. The growing demand for waterborne epoxy resins in the construction and automotive industries is driving market growth. The increasing use of waterborne epoxy resins in the production of wind turbine blades is also expected to drive market growth. Application Waterborne epoxy resins find a wide range of applications in various industries. They are extensively used in the construction industry for coatings, adhesives, and sealants. They are also used in the automotive industry for coatings, adhesives, and composites. In the electronics industry, waterborne epoxy resins are used for encapsulation and conformal coatings. Region-wise Analysis The Asia Pacific region is the largest consumer of waterborne epoxy resins, accounting for over 40% of the global market share. The region is expected to maintain its dominance during the forecast period due to the growing demand for waterborne epoxy resins in the construction and automotive industries. North America and Europe are also significant markets for waterborne epoxy resins due to the strict environmental regulations and the increasing demand for sustainable products. To Know More Information Here - https://www.coherentmarketinsights.com/market-insight/waterborne-epoxy-resins-market-2696 Key Players The key players operating in the waterborne epoxy resins market include Hexion Inc., Olin Corporation, Aditya Birla Chemicals, Kukdo Chemical Co., Ltd., Huntsman Corporation, BASF SE, Allnex Group, Evonik Industries AG, Nan Ya Plastics Corporation, and Nama Chemicals. Conclusion The global waterborne epoxy resins market is expected to grow at a steady rate due to the increasing demand for sustainable products in various industries. The Asia Pacific region is expected to remain the largest consumer of waterborne epoxy resins during the forecast period. The key players in the market are focusing on product innovation and expanding their product portfolio to meet the growing demand for waterborne epoxy resins. About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author |