Waterborne Epoxy Resins Market Increase In Transactional And Analytical Needs Across Several Industries 2030

 

Waterborne Epoxy Resins are used in industrial coating surfaces and protecting them from corrosion and weathering. They have superior adhesion properties and resist cracking, peeling, and warping. Water-based sealants do not contain volatile organic chemicals (VOCs), which can be toxic and cause major health problems. Waterborne Epoxy Systems for Coating. Waterborne Epoxy Coatings is among the strongest coatings available on the market, because of their high water-solvent content. They also perform extremely well in wet environments. Waterborne Epoxy Resins provides long-lasting protection and performs well in all wet environments. Examples of typical applications include flooring, roofing, fencing, tires, and garage flooring/truck floors.

Growing demand from construction and automotive industries is expected to drive growth of the global epoxy resins market. The construction and infrastructure sector has witnessed massive growth in both developed and emerging economies, which in turn, has increased the demand for glass and ceramic products. According to the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. Waterborne epoxy resins are widely used in the construction industry, typically in coatings due to their high resistance to chemicals. Hence, such factors are expected to drive growth of the global waterborne epoxy resins market. Furthermore, increasing use of composites since they are stronger and lighter and growing consumer shift towards green and eco-friendly products is expected to boost the global waterborne epoxy resins market growth in the near future.

However, high production cost associated with these resins and stringent regulatory approval framework is expected to hinder the global waterborne epoxy resins market growth. Besides, increasing need for lightweight and fuel-efficient vehicles can present lucrative growth opportunities in the near future for market players. Among regions, Asia Pacific is expected to witness significant growth in the global waterborne epoxy resins market. This is owing to the widespread use of these types of resins in the construction, electrical, and electronics industries. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to increasing demand from various industries including aerospace, turbine, and marine.

Key companies involved in the global waterborne epoxy resins market are Dow Chemical Company, Conren Limited, Huntsman Corporation, Eastman Chemical Company, BASF SE, Spolek Pro Chemickou a Hutni Vyrobu A.S., Hexion Inc., Cardolite Corporation, Gellner Industrial LLC, Allcoat Technology Inc., and 3M.

For instance, in February 2020, Cardolite Corporation, a U.S.-based chemicals company, launched NX-8501, a waterborne curing agent for epoxy coatings and adhesives.