Waterborne Epoxy Resin Market Size by Type (High Molecular Weight Epoxy Resins, Low Molecular Weight Epoxy Resins), Application (Coatings, Adhesives, Composites), End-User Industry (Construction, Automotive, Marine) & Region for 2024-2031
Report ID: 334956|No. of Pages: 202
Waterborne Epoxy Resin Market Size by Type (High Molecular Weight Epoxy Resins, Low Molecular Weight Epoxy Resins), Application (Coatings, Adhesives, Composites), End-User Industry (Construction, Automotive, Marine) & Region for 2024-2031
Waterborne Epoxy Resin Market- 2024-2031
The Waterborne Epoxy Resin Market is increasing due to its eco-friendly properties, driving demand across construction, automotive and electronics sectors. These resins offer durability, corrosion resistance and adhesion, making them ideal for coatings, adhesives and composites applications. This is likely to enable the market size to surpass USD 2.62 Billion valued in 2024 to reach a valuation of around USD 5.41 Billion by 2031.
Additionally, stringent environmental regulations are increasing the shift towards sustainable materials, further expanding the market. Growing infrastructure projects and innovations in lightweight automotive designs are boosting the adoption of waterborne epoxy resins globally, especially in regions like Asia Pacific and North America. The rising demand for water bone epoxy resin is enabling the market to grow at a CAGR of 9.5% from 2024 to 2031.
Definition/Overview
Waterborne Epoxy Resin is a type of epoxy resin dispersed in water rather than solvents, providing eco-friendly solutions with low VOC emissions and improved safety standards.
Its primary uses include coatings, adhesives and composites in industries like construction, automotive and electronics, offering excellent durability, corrosion resistance and adhesion.
The future scope for waterborne epoxy resins is increasing due to environmental regulations, pushing demand for sustainable materials in infrastructure, automotive and aerospace industries, promoting further market growth.
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How Is the Rising Demand for Eco-Friendly Solutions Driving the Growth of The Waterborne Epoxy Resin Market?
The rising demand for eco-friendly solutions is driving the growth of the Waterborne Epoxy Resin Market by pushing industries to adopt low-VOC, sustainable materials. Waterborne epoxy resins offer an environmentally friendly alternative to solvent-based resins, aligning with strict environmental regulations. Industries like construction, automotive and electronics are increasingly shifting towards these resins due to their durability, corrosion resistance and safety, further boosting their market demand across various applications.
How Is the High Cost of Production Challenging the Growth of The Waterborne Epoxy Resin Market?
The high cost of production is challenging the growth of the Waterborne Epoxy Resin Market by limiting its adoption in cost-sensitive industries. Waterborne epoxy resins require advanced manufacturing processes and specialized raw materials, leading to higher production costs. This makes them less competitive compared to solvent-based alternatives, particularly in regions where price sensitivity is a major factor. As a result, market expansion is being restricted despite their environmental benefits.
Category-wise Acumens
How Will Increasing Demand for Eco-Friendly Coatings Drive the Growth of The High Molecular Weight Epoxy Resins Segment?
The growing demand for eco-friendly coatings is projected to propel the high molecular weight epoxy resins segment of the aqueous epoxy resin market. These resins emit minimal levels of volatile organic compounds (VOCs), which is consistent with environmental standards and consumer demands for sustainable products. Their high durability and stickiness increase their popularity in environmentally beneficial applications.
How Will Increasing Investments in The Construction Sector Drive the Growth of The Coatings Segment?
Increasing construction spending are expected to boost growth in the waterborne epoxy resin market’s coatings segment. As the number of construction projects grows, so does the demand for long-lasting, high-performance coatings, particularly protective finishes. Waterborne epoxy coatings provide environmental benefits as well as great adhesion, making them suitable for both commercial and residential uses in new construction.
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Country/Region-wise Acumens
Will The Rapid Industrialization and Growing Construction Activities Drive the Growth of Asia-Pacific Region?
The rapid industrialization and growing construction activities in the Asia-Pacific region are significantly driving the growth of the Waterborne Epoxy Resin Market. Increased demand for durable and eco-friendly coatings in infrastructure projects, coupled with expanding automotive and electronics sectors, is fueling market expansion. The region’s robust economic growth and stringent environmental regulations further enhance the adoption of waterborne epoxy resins, positioning it as a key player in the global market.
Will The Expanding Construction and Automotive Sectors Drive the Growth of The Waterborne Epoxy Resin Market in The Latin American Region?
The expanding construction and automotive sectors in Latin America are driving the growth of the Waterborne Epoxy Resin Market. Increased infrastructure projects and rising automotive production boost demand for durable, eco-friendly coatings and adhesives. As the region adopts stricter environmental regulations, the use of waterborne epoxy resins is increasing, contributing to notable market expansion and positioning Latin America as a significant growth area in the global market.
Competitive Landscape
The waterbone epoxy resin market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the waterbone epoxy resin market include:
- BASF SE
- Allnex GmbH
- Hexion Inc.
- Huntsman International LLC
- Evonik Industries AG
- Dow
- Aditya Birla Chemicals Ltd.
- Nan Ya Plastics Corporation
- Kukdo Chemical Co., Ltd.
- Reichhold LLC
Latest Developments
- In October 2023, BASF launched new solutions from its innovation pipeline at the SEPAWA Congress, focusing on sustainable products for home care and personal care markets, including a new mannanase enzyme for laundry applications.
- In October 2023, Allnex opened a new state-of-the-art R&D center in Werndorf, Austria, focusing on developing low-VOC, waterborne resins and additives for the coatings market, enhancing its sustainability efforts and innovation capabilities.
- In August 2023, Evonik Industries AG announced plans to expand its waterborne epoxy resin manufacturing facility in Singapore, with completion expected in 2024, to increase its global production capacity.
- In June 2024, Hexion Inc. is set to launch new epoxy resins aimed at enhancing their product offerings in the coatings sector, further strengthening their market position.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| Growth Rate | CAGR of ~9.5% from 2024 to 2031 |
| Base Year of Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | BASF SE, Allnex GmbH, Hexion Inc., Huntsman International LLC, Evonik Industries AG, Dow, Aditya Birla Chemicals Ltd., Nan Ya Plastics Corporation, Kukdo Chemical Co., Ltd., Reichhold LLC |
| Customization | Report customization along with purchase available upon request |
Waterbone Epoxy Resin Market, by Category
Type:
- High Molecular Weight Epoxy Resins
- Low Molecular Weight Epoxy Resins
Application:
- Coatings
- Adhesives
- Composites
- Others
End-User Industry:
- Construction
- Automotive
- Electrical & Electronics
- Marine
- Aerospace
- Others
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF THE GLOBAL WATERBORNE EPOXY RESIN MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL WATERBORNE EPOXY RESIN MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porter’s Five Force Model
4.4 Value Chain Analysis
5 GLOBAL WATERBORNE EPOXY RESIN MARKET, BY TYPE
5.1 Overview
5.2 Low Molecular Weight
5.3 High Molecular Weight
6 GLOBAL WATERBORNE EPOXY RESIN MARKET, BY APPLICATION
6.1 Overview
6.2 Coatings
6.3 Adhesives
6.4 Composites
7 GLOBAL WATERBORNE EPOXY RESIN MARKET, BY END-USER INDUSTRY
7.1 Overview
7.2 Automotive
7.3 Construction
7.4 Textile
7.5 Packaging
8 GLOBAL WATERBORNE EPOXY RESIN MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 The U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 The U.K.
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of LATAM
8.6 Middle East and Africa
8.6.1 UAE
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 Rest of the Middle East and Africa
9 GLOBAL WATERBORNE EPOXY RESIN MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
9.4 Company Regional Footprint
9.5 Company Industry Footprint
9.6 ACE Matrix
10 COMPANY PROFILES
10.1 Chemicals Co.Ltd
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.1.5 Winning Imperatives
10.1.6 Current Focus & Strategies
10.1.7 Threat from Competition
10.1.8 SWOT Analysis
10.2 Dow Chemical Company
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.2.5 Winning Imperatives
10.2.6 Current Focus & Strategies
10.2.7 Threat from Competition
10.2.8 SWOT Analysis
10.3 Aditya Birla
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.3.5 Winning Imperatives
10.3.6 Current Focus & Strategies
10.3.7 Threat from Competition
10.3.8 SWOT Analysis
10.4 Incorez
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.4.5 Winning Imperatives
10.4.6 Current Focus & Strategies
10.4.7 Threat from Competition
10.4.8 SWOT Analysis
10.5 Huntsman Corporation
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.5.5 Winning Imperatives
10.5.6 Current Focus & Strategies
10.5.7 Threat from Competition
10.5.8 SWOT Analysis
10.6 Hexion Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.6.5 Winning Imperatives
10.6.6 Current Focus & Strategies
10.6.7 Threat from Competition
10.6.8 SWOT Analysis
10.7 Spolek Pro
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.7.5 Winning Imperatives
10.7.6 Current Focus & Strategies
10.7.7 Threat from Competition
10.7.8 SWOT Analysis
10.8 Allcoat Technology
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.8.5 Winning Imperatives
10.8.6 Current Focus & Strategies
10.8.7 Threat from Competition
10.8.8 SWOT Analysis
10.9 BASF
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.9.5 Winning Imperatives
10.9.6 Current Focus & Strategies
10.9.7 Threat from Competition
10.9.8 SWOT Analysis
10.10 DSM
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10.10.5 Winning Imperatives
10.1.6 Current Focus & Strategies
10.10.7 Threat from Competition
10.10.8 SWOT Analysis
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
Related Research
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Industry Analysis Matrix
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