Lewes, DE -- (SBWire) -- 01/25/2017 --Report forecast the global waterborne epoxy resins market to grow at a CAGR of 7.97% during the period 2017-2021.
Waterborne epoxy resins are thermosetting resins that are used in various end-user industries such as automotive, textile, construction, furniture, packaging, and other end-user industries. They demonstrate high gloss, excellent chemical and corrosion resistance, good adhesion, high mechanical stability, high flexibility and compatibility, optimized performance, and good impact and abrasion resistance properties. These resins are also dustproof. The application segment of waterborne epoxy resins includes coatings, adhesives, and composites.
The report covers the present scenario and the growth prospects of the global waterborne epoxy resins market for 2017-2021. To calculate the market size, the report considers the revenue generated through sales of waterborne epoxy resin products for end-use industries such as construction, automotive, textile, furniture, packaging, and others.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
According to the report, one driver in the market is increasing shift toward green and eco-friendly products. The eco-friendly characteristics have been one of the most important trends in the coatings and adhesives industry since the last five years. This trend is largely influenced by the strict European Union (EU) regulation factors, such as the reduction in emission of VOC from solvent-based coatings. These restrictions have led to the shift in the demand from solvent-based epoxy resins to eco-friendly products, such as water-based resins. These water-based eco-friendly products do not contain solvents that evaporate during the curing phase. These products require a special ultraviolet light to cure instantly. The resins are the key to innovation in the coatings and adhesives industry, and they influence the major trends in the waterborne epoxy market.
Further, the report states that one challenge in the market is high raw material prices. The cost of waterborne epoxy resins has been a concern for many industries over the last decade, 2005-2015. The prices of waterborne epoxy resins are controlled to a large extent by the costs of the epoxy resins. On the other hand, the production of bisphenol A and novolac resins is still very low. These fibers are largely used as composites, coatings, and adhesives in various end-use industries such as construction, automotive, and marine. Since the waterborne epoxy resins production is quite low, this acts as the major barrier to the global waterborne epoxy resins market. Another factor contributing to higher prices of waterborne epoxy resins is the generation of the matrix; the production of a matrix needs expensive batch processes at high temperatures under controlled atmosphere.
Global Waterborne Epoxy Resins Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global waterborne epoxy resins market: Aditya Birla Chemicals, Allnex, Hexion, Huntsman, and Olin.
Other Prominent Vendors in the market are: Air Products and Chemicals, Incorez, KUKDO Chemical, NAN YA Plastics Industrial, and Reichhold.
Market driver
- Increasing shift toward green and eco-friendly products.
- For a full, detailed list, view our report
Market challenge
- Declining export demand from Western economies.
- For a full, detailed list, view our report
Market trend
- Investment in developing economies.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 86 pages and 62 Exhibits "Global Waterborne Epoxy Resins Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by application, Market segmentation by end-use industry, Market segmentation by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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