Waterborne Epoxy Resins Market, By Product Form (Liquid, Semi-Solid, and Solid), By Molecular Weight (Low Molecular Weight and High Molecular Weight), By Application (Adhesives, Coatings, Composites, and Others), By End use Industry (Construction, Automotive, Textile, Packaging, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Mar 2023

Code : CMI2696

Pages :419

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Challenges And Opportunities

Global Waterborne Epoxy Resins Market - Restraints

High Cost of Waterborne Epoxy Resins

Many different types of businesses are looking to find the high price of these resins to be a major problem. Aqueous epoxy resin prices are high when compared to epoxy resin costs. Additionally, there have been comparatively minor improvements in the production of novolac and bisphenol resins. These following textilesare widely used as coatings, composites, and adhesives in a variety of end use industries, such as the automotive, commercial, and maritime sectors. The cost and time-consuming process of creating a matrix, which calls for batch procedures in controlled environments at high temperatures, is another factor pushing up the price of these resins. This factor may hinder the growth of the market.

Global Waterborne Epoxy Resins Market – Drivers

Environmental Regulations

With increasing environmental concerns, there has been a growing demand for eco-friendly products. Waterborne epoxy resins offer a low VOC (Volatile Organic Compounds) solution that reduces the impact of toxic emissions on the environment. For instance, in 2020, the European Union introduced a regulation that limits VOC emissions from coatings and inks. This regulation has increased the demand for waterborne epoxy resins in the region.

Increasing Demand in Automotive Industry

Waterborne epoxy resins are widely used in automotive coatings due to their superior properties such as corrosion resistance, durability, and high gloss finish. For instance, the growth of the automotive industry in Asia Pacific has led to an increase in the demand for waterborne epoxy resins for coatings and adhesives

Growing Demand for from Electronics

The electronic industry has been growing at a rapid pace, driven by the increasing demand for consumer electronics and communication devices. Waterborne epoxy resins are used in electronic applications such as coatings and encapsulation due to their excellency adhesion, thermal stability, and electrical properties. For instance, the increasing use of electronic devices, such as smartphones and laptops, has led to a growing demand for waterborne epoxy resins in the electronic industry.