Overview of the global waterborne epoxy resins market
The global waterborne epoxy resins market is anticipated to grow at a steady rate and will post a CAGR of close to 8% during the forecast period. The increasing shift toward green and eco-friendly products will drive the growth prospects for the global waterborne epoxy resins market until the end of 2021. One of the major factors responsible for this growth is the increasing demand for eco-friendly products in the coatings and adhesives industry. A key factor that drives the demand for eco-friendly products is the implementation of strict regulations from the European Union (EU), including laws necessitating the reduction in emission of VOC from solvent-based coatings. Moreover, one of the main benefits of water-based eco-friendly products is the absence of solvents that evaporate during the curing phase.
In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market’s growth in the region is the growing end-use application based on markets such as electronics, construction, automotive, textile, and furniture. Other factors responsible for the market’s growth include the growth of end-use industries, competitive manufacturing costs, and high economic growth rate. In addition, factors such as development in local markets as well as the competitiveness of emerging APAC economies will result in its high demand in APAC.
Competitive landscape and key vendors
The global waterborne epoxy resins market is highly diversified and competitive due to the presence of a large number of key players. The major vendors in the market have a large geographical presence with huge production facilities located across the globe. However, it has been noted that the market comprises of a sizeable number of small regional vendors with significant shares in the market.
Key vendors in this market are -
- Aditya Birla Chemicals
- Allnex
- Hexion
- Huntsman
- Olin
Other prominent vendors in the market include Air Products and Chemicals, Incorez, KUKDO Chemical, NAN YA Plastics Industrial, and Reichhold.
Segmentation by type and analysis of the waterborne epoxy resins market
- High molecular weight
- Low molecular weight
The high molecular weight segment accounts for the maximum market share in 2016 and will continue to dominate the market in the coming years. One of the major factors responsible for this market segment’s growth is its ability to offer better handling and performance benefits in comparison to conventional solvent-based solid epoxy resins.
Segmentation by end user and analysis of the waterborne epoxy resins market
- Construction
- Automotive
- Textile
- Furniture
- Packaging
The construction segment accounts for the maximum market share in 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market segment’s growth is the increasing level of investments.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global waterborne epoxy resins market?
- What are the key market trends impacting the growth of the global waterborne epoxy resins market?
- What are the challenges to market growth?
- Who are the key vendors in the global waterborne epoxy resins market?
- What are the market opportunities and threats faced by the vendors in the global waterborne epoxy resins market?
- What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global waterborne epoxy resins market?
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