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Waterborne Epoxy Resin Market

Global Waterborne Epoxy Resin Market Share, Size, Analysis, Forecast: By Product Type: High Molecular Weight, Low Molecular Weight; By Application: Composites, Coatings, Adhesives, Others; By End Use: Automotive, Construction, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Waterborne Epoxy Resin Market Outlook

The global waterborne epoxy resin market size is expected to grow at a CAGR of 8.80% between 2024 and 2032. The development is being driven by the increasing demand for lightweight products and the rising demand for environmentally friendly compounds.

 

waterborne epoxy resin market

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Global Waterborne Epoxy Resin Market Trends

Epoxy resins refer to a type of prepolymer and polymers that are known for their strong adhesive qualities. Epoxy resins form a strong and durable substance when mixed with hardeners and curing agents. This is used in a variety of commercial and industrial applications.

 

Waterborne epoxy resin use water as a solvent to disperse a resin, which makes it environmentally friendly and low in toxicity and flammability. While traditional waterborne resins were water-reducible, modern products are already diluted in water. They have been following the trend to reduce the content of coalescing and process solvents, with a target to reach close to zero VOC.

 

Rising Demand for Eco-Friendly Products

Regulatory organisations have implemented strict restrictions on the emission of volatile organic compounds (VOCs) with the usage of organic solvents in paints and varnishes. These regulations aim to reduce the impact of VOCs on human health. This can significantly enhance the market growth as waterborne epoxy resins provide zero VOCs emission making them environmentally friendly.

 

Increasing Utilisation of Epoxy in Automobiles

The demand for lightweight and fuel-efficient vehicles is increasing and to do so, manufacturers are increasingly utilizing adhesives to replace fastening parts including welds, rivets, or bolts. By using adhesives and composites companies aim to reduce the extra weight of products and can further propel the market growth.

 

Global Waterborne Epoxy Resin Market Analysis

 

waterborne epoxy resin market by segments

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Based on product type, the market can be segmented into high molecular weight and low molecular weight. Based on application, it can be bifurcated into composites, coatings, and adhesives, among others. Based on end-use, the market bifurcations include automotive, construction, textile, and packaging, among others. The regional markets for the waterborne epoxy resin market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global waterborne epoxy resin market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Hexion Inc.
  • Huntsman International LLC
  • Kukdo Chemical CO., LTD.
  • ADEKA Corporation
  • Evonik Industries AG
  • Others

 

Product Types Available in the Market

Based on product type, the market segments include high molecular weight and low molecular weight. The low molecular weight segment is expected to show rapid growth due to wide applications for coatings, adhesives, and composites. This type of epoxy resin provides relatively good abrasion resistance and improved dry performance, easy mixing, and low odour.

 

Applications of Waterborne Epoxy Resin in the Market

Based on application, the market divisions include composites, coatings, and adhesives, among others. Among these applications, adhesives application is projected to hold a major share of the market owing to increasing implementation in the building and construction industry. The demand for compounds is rising due to the trend of making products lightweight. The increased use of composites in commercial sectors such as automotive, aerospace, electronics, and the wind industry, is also expected to drive the growth.

 

waterborne epoxy resin market by region

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Competitive Landscape

Hexion Inc. is an American company, a pioneer in chemical manufacturing, and has been engaged in advancing speciality chemicals and performance chemicals. The company was founded in 1899 and its headquarter is located in Ohio, United States. They offer their solution for various applications including adhesives, chemical intermediaries, civil engineering, coatings, crop production, engineered wood, fertilizers and pesticides, among other applications.

 

Huntsman International LLC is a chemical manufacturing company, offering its products worldwide to manufacturers. They distribute their products for various end-use consumer and industrial markets. The company deals with four business divisions including polyurethanes, performance products, advanced materials, and textile effects. Their high-performance adhesive technologies provide joining and bonding solutions for plastics, metals, composite materials, and many other substrates.

 

Evonik Industries AG is a German speciality chemical company, which was founded in 2007. The company's headquarter is in Essen, Germany. It is one of the largest speciality chemicals companies in the world with products provided in multiple end-use industries, including agriculture, construction, automotive, coating and paints, electronics, lifestyle and personal care, plastics and rubber, among other industries.

 

Other market players include Kukdo Chemical CO., LTD. and ADEKA Corporation, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • End Use
  • Region
Breakup by Product Type
  • High Molecular Weight
  • Low Molecular Weight
Breakup by Application
  • Composites
  • Coatings
  • Adhesives
  • Others
Breakup by End Use
  • Automotive
  • Construction
  • Textile
  • Packaging
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hexion Inc.
  • Huntsman International LLC
  • Kukdo Chemical CO., LTD.
  • ADEKA Corporation
  • Evonik Industries AG
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Waterborne Epoxy Resin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Waterborne Epoxy Resin Historical Market (2018-2023) 
    8.3    Global Waterborne Epoxy Resin Market Forecast (2024-2032)
    8.4    Global Waterborne Epoxy Resin Market by Product Type
        8.4.1    High Molecular Weight
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Low Molecular Weight
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
    8.5    Global Waterborne Epoxy Resin Market by Application
        8.5.1    Composites
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Coatings
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Adhesives
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Waterborne Epoxy Resin Market by End Use 
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Construction
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Textile
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Packaging
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Waterborne Epoxy Resin Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023) 
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023) 
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023) 
            8.7.3.3    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2023) 
            8.7.4.3    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2023) 
            8.7.5.3    Forecast Trend (2024-2032)
9    North America Waterborne Epoxy Resin Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe Waterborne Epoxy Resin Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Waterborne Epoxy Resin Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Waterborne Epoxy Resin Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Waterborne Epoxy Resin Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Hexion Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Huntsman International LLC
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Kukdo Chemical CO., LTD.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    ADEKA Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Evonik Industries AG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Waterborne Epoxy Resin Market: Key Industry Highlights, 2018 and 2032
2.    Global Waterborne Epoxy Resin Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    Global Waterborne Epoxy Resin Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    Global Waterborne Epoxy Resin Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Waterborne Epoxy Resin Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Waterborne Epoxy Resin Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Global Waterborne Epoxy Resin Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Global Waterborne Epoxy Resin Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Waterborne Epoxy Resin Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Waterborne Epoxy Resin Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Waterborne Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Waterborne Epoxy Resin Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Waterborne Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Waterborne Epoxy Resin Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Waterborne Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Waterborne Epoxy Resin Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Waterborne Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Waterborne Epoxy Resin Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Waterborne Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Waterborne Epoxy Resin Market Structure

Key Questions Answered in the Report

The market is expected to grow at a CAGR of 8.80% during the period 2024-2032.

The market is driven by the growing demand for eco-friendly products and rising utilisation in the construction and building industry due to the increasing infrastructural development plans introduced by the governments of various countries.

The increasing utilisation of low molecular weight due to its advantages and in the replacement of parts, such as bolts and welds, and the increasing implementation of compounds in the automobile to meet the growing demand for lightweight products is expected to bring further growth opportunities to the market.

The regional markets for the market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The product types in the waterborne epoxy resin market include high molecular weight and low molecular weight.

The applications available for waterborne epoxy resin include composites, coatings, and adhesives, among others.

The end-users utilizing waterborne epoxy resin in the market include automotive, construction, textile, and packaging, among others.

 The key players in the market include Hexion Inc., Huntsman International LLC, Kukdo Chemical CO., LTD., ADEKA Corporation, and Evonik Industries AG, among others.

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