Waterborne Epoxy Resin Market Size, Share & Industry Analysis, Upcoming Product Forecast Report by 2029
The global waterborne epoxy resin market is set to gain momentum from their surging usage as coatings. They can also be utilized for welding two materials effectively. This information is provided by Fortune Business Insights™ in an upcoming report, The report further mentions that waterborne epoxy resins require the extraction of naphtha to manufacture them.
What Does This Report Contain?
The report delivers an elaborate assessment of numerous customers’ journeys related to the market, regions, and segments. At the same time, it provides multiple customer impressions about vacuum salts and their usage. The analysis takes a closer look at their fears and pain points across various customer touchpoints. The business intelligence and consultation solutions would aid interested stakeholders, such as chief experience officers to define customer experience maps catered to their requirements. They can refine customer experience and engagement with their own brands.
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Drivers & Restraints-
Increasing Demand for Environmentally Friendly Products to Aid Growth
Waterborne epoxy resins are copolymerized to a large number of hardeners by homopolymerization catalytic. It can be used to develop a thermoplastic polymer which would further provide excellent mechanical properties. At the same time, it can enhance temperature tolerance and control. Besides, waterborne epoxy resins are environmentally friendly because of their zero VOCs emission. Hence, they are extensively used in adhesives and coatings industries. These factors are likely to accelerate the waterborne epoxy resin market growth in the upcoming years. However, their high prices and lower production rates may hinder growth.
Rising Demand for Compact Vehicles to Favor Growth in Asia Pacific
Geographically, Asia Pacific is anticipated to generate the highest waterborne epoxy resin market share throughout the forthcoming years backed by the increasing technological advancement in the automotive industry. At the same time, the surging demand for fuel-efficient and compact vehicles in the region would accelerate growth.
In North America, governments have implemented stringent norms to control VOC emissions. It is set to spur the demand for waterborne epoxy resins as these rules would be able to lower the effects of VOCs on the environment and health. Lastly, the Middle East and Africa is anticipated to grow steadily owing to the rising demand from numerous end-use industries.
Key Players Focus on New Product Launches to Cater to Increasing Customer Demand
The global market for waterborne epoxy resins contains a wide range of big, small, and medium companies. They are mainly aiming to intensify competition by investing hefty amounts in research and development activities. Some of the others are unveiling state-of-the-art waterborne epoxy resins to fulfil the unmet customer needs. Below is one of the latest industry developments:
- July 2020: Engineered Polymer Solutions (EPS) introduced its new EPS 2400 series in North America. It includes six waterborne acrylic resins that can provide high-performance solutions to wood coating formulators. These can also be used for flooring, furniture, and cabinetry.
A list of all the renowned waterborne epoxy resin manufacturers operating in the global market:
- Linex GmbH
- Evonik Industries AG
- Huntsman Corporation
- Olin Corporation
- Aditya Birla Chemicals
- Kukdo Chemical Co., Ltd.
- Reichhold LLC
- ADEKA Corporation
- Nan Ya Plastics Corporation
- DIC Corporation
- Other key market players
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