According to the new market research report “Waterborne Epoxy Resin- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Waterborne Epoxy Resin market size is projected to reach USD 1.72 billion by 2029, at a CAGR of 6.4% during the forecast period.
- Global Waterborne Epoxy Resin MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Waterborne Epoxy Resin- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Waterborne Epoxy Resin Top10Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Waterborne Epoxy Resin- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Waterborne Epoxy Resin include Westlake, Olin Corporation, Huntsman, Kukdo, NPC, Kpb, Yyhuaxing, Sanmuchem, Allnex, Zjab, etc. In 2022, the global top 10 players had a share approximately 85.0% in terms of revenue.
Waterborne Epoxy Resin Market Drivers:
The waterborne epoxy resin market is driven by several factors, with environmental sustainability being a primary driver. The shift towards eco-friendly and low-VOC (volatile organic compound) materials in various industries, including coatings, adhesives, and composites, has fueled the demand for waterborne epoxy resins. These resins offer a more environmentally responsible alternative to traditional solvent-based epoxy systems, aligning with stringent regulations and sustainability initiatives. Additionally, the increasing awareness of health and safety concerns associated with solvent exposure drives the preference for waterborne epoxy resins, as they contribute to a healthier work environment.
Waterborne Epoxy Resin Market Restraint:
A notable restraint in the waterborne epoxy resin market is the potential performance trade-off compared to solvent-based epoxy systems. While waterborne formulations have made significant advancements, some applications may still require the robust performance characteristics offered by solvent-based counterparts. Challenges such as lower chemical resistance, reduced adhesion, or longer curing times can limit the adoption of waterborne epoxy resins in certain high-performance applications. Overcoming these technical limitations and educating end-users about the benefits and performance capabilities of waterborne epoxy resins will be essential to addressing this restraint.
Waterborne Epoxy Resin Market Opportunity:
An opportunity in the waterborne epoxy resin market lies in the growing emphasis on sustainable and green building practices. With the construction industry increasingly focusing on eco-friendly materials to meet green building standards, waterborne epoxy resins find applications in flooring, coatings, and adhesives. The trend toward environmentally responsible construction practices, coupled with government initiatives promoting sustainable building materials, creates a favorable market opportunity for waterborne epoxy resins. Manufacturers can capitalize on this trend by developing innovative formulations that not only meet environmental standards but also deliver high-performance characteristics, thus expanding their presence in the construction and building materials sector.
About The Authors
| Yang Min – Lead Author |
| Email: yangmin@qyresearch.com |
| Yang Min is a market senior analyst specializing in chemical materials. Yangmin has 8 years’ experience in chemical materials market analysis, and focuses on chemical materials and API. He engaged in the development of technology and market reports and is also involved in custom projects. |
About QYResearch
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