Waterborne Epoxy Resin Market by Type, Application, End User and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2032
Overview
The Waterborne Epoxy Resin Market was valued at USD 4.89 Bn. in 2024, and the total global Waterborne Epoxy Resin Market is estimated to reach a value of USD 8.92 Bn. in 2032 with a CAGR of 7.8% over the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global market is witnessing significant growth during the forecast period due to the increased use in the end-use industries such as Construction, Automotive, Furniture and others. Waterborne epoxy resins are widely accepted resins due to its low volatile organic compound (VOC) emission. Stringent regulation enacted concerned with VOC emission has boost the demand for water borne epoxy resin.
Waterborne Epoxy Resin Market Segment Analysis:
Based on Type, the Waterborne Epoxy Resin Market is segmented into High molecular weight and Low molecular weight. In this, Low molecular weight dominated the market in 2024 and is expected to dominate in the forecasted period due to its superior performance in coatings and adhesives, better water dispersibility, and faster curing time. It is expected to continue dominating during the forecast period owing to rising demand in industrial and construction applications.
Based on the Application, the Waterborne Epoxy Resin Market is segmented into Adhesives, Composites, Coating and Others. In this, the Coating segment dominated the market in 2024 and is expected to dominate in the forecasted period. This is attributed to increasing environmental regulations favoring waterborne over solvent-based coatings, especially in infrastructure and automotive industries.
Based on End-User, the Waterborne Epoxy Resin Market is segmented into Construction, Automotive, Textile, Packaging, Furniture and Others. In this Construction segment dominated the market in 2024 and is expected to dominate in the forecasted period due to the growing demand for eco-friendly and high-performance coatings and adhesives in commercial and residential infrastructure projects.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Asia-Pacific is expected to be one of the largest markets for the waterborne epoxy resins during the forecast period attributed to the steady economic development and heavy investments in industries such as building & construction, automotive, aerospace and marine in this region.
Waterborne Epoxy Resin Market Key Highlights:
Waterborne Epoxy Resin Market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the market
Waterborne Epoxy Resin Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the market are also profiled.
Waterborne Epoxy Resin Market Scope: Inquire before buying
| Waterborne Epoxy Resin Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2024 | Forecast Period: | 2025-2032 |
| Historical Data: | 2019 to 2024 | Market Size in 2024: | USD 4.89 Bn. |
| Forecast Period 2025 to 2032 CAGR: | 7.8% | Market Size in 2032: | USD 8.92 Bn. |
| Segments Covered: | by Type | High Molecular Weight Low Molecular Weight |
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| by Application | Adhesives Composites Coating Others |
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| by End User | Construction Automotive Textile Packaging Furniture Others |
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Waterborne Epoxy Resin Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
Waterborne Epoxy Resin Market, Key Players
1. Hexion Inc. (US)
2. Nan Ya Plastics Corporation (Taiwan)
3. Allnex GmbH (Germany)
4. Kukdo Chemical Co., Ltd. (South Korea)
5. Aditya Birla Chemicals (Thailand) Ltd.
6. Olin Corporation (US)
7. Huntsman Corporation (US)
8. Reichhold LLC (US)
9. Evonik Industries AG (Germany)
10. Adeka Corporation (Japan)
11. Air Products & Chemicals Inc.,
12. Nan Ya Plastics Corporation,
13. Allnex Belgium NV/SA,
14. eichhold Industries, Inc.
15. Hexion Inc.
16. Miller-Stephenson Chemical Company, Inc.
17. Perma Enterprise Co.
18. Reichhold LLC
19. Allnex Hexion Inc.
20. DIC Corporation
Waterborne Epoxy Resin Market FAQs
1. Which region has the largest share in the Global Market?
Ans: The Asia Pacific region held the highest share in 2024.
2. What is the growth rate of the Global Market?
Ans: The Global Market is growing at a CAGR of 7.8% during the forecasting period 2025-2032.
3. What is the scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in the Global market?
-Ans: The important key players in the Global Market are Hexion Inc. (US), Nan Ya Plastics Corporation (Taiwan), Allnex GmbH (Germany), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (Thailand) Ltd. Etc.
5. What is the study period of this market?
Ans: The Global Market is studied from 2024 to 2032