Report Code: CMI41189

Published Date: February 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 7.1%
3.5B
2022
3.8B
2023
6.6B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Hexion Inc.
  • Nan Ya Plastics Corporation
  • Allnex GmbH
  • Kukdo Chemical Co. Ltd.
  • Aditya Birla Chemicals Ltd.
  • Others

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Reports Description

Global Waterborne Epoxy Resins Market was valued at USD 3.8 Billion in 2023 and is expected to reach USD 6.6 Billion by 2032, at a CAGR of 7.1% during the forecast period 2023 – 2032.

Waterborne resins made from epoxy are freshwater dispersions or emulsions of thermosetting polymers noted for their high adhesion, resistance to chemicals, and mechanical strength. These resins comprise epoxy groups which cross-link with hardening agents which include amines or polyamides, resulting in a strong insulating.

Waterborne Epoxy Resins Market: Growth Factors

Due to its excellent thermal and acoustic properties drive market growth

Waterborne epoxy resins are developing popularity in the industry because of their superior thermal and acoustic qualities. These resins provide good heat transfer insulating material, which makes them perfect for thermally stable applications that include pipeline and tank coatings, as well as manufacturing machinery.

Furthermore, waterborne epoxy resins have excellent sound-dampening properties, substantially minimizing noise transmission in a variety of contexts, notably vehicle interiors, building materials, and consumer items. Its capacity to offer combined thermal insulation and noise reduction makes it very adaptable and appealing to sectors looking for environmentally friendly and high-performance materials.

Furthermore, their minimal volatile organic compound (VOC) content and environmental friendliness coincide with growing laws and customer demands for eco-friendly goods, propelling their acceptance across a wide range of applications in the building, automobile electronics, and marine sectors.

Huge demand in automotive industry

Increased demand in the automotive industry is driving the waterborne epoxy resin industry. As automakers strive to reduce emissions and improve sustainability, aqueous epoxy resins provide a more environmentally sustainable solution to conventional solvent-based coatings.

These resins have good adhesion, resilience, and corrosion resistance, which makes them perfect for a variety of automotive applications, such as paints, adhesives, and sealants. Furthermore, waterborne epoxy resins meet severe environmental laws, such as volatile organic compound (VOC) emissions limits, which stimulate their use in the automobile industry.

The move to electric cars also supports the use of waterborne epoxy resins, which correspond with the automobile industry’s environmental aspirations. As a result, the growing need for sustainable and high-performance coatings in the automobile industry promotes the expansion of the waterborne epoxy resins market.

For instance, India is now the globe’s third-biggest automobile market, with growth expected to continue over the next decade. The Indian car sector contributes significantly to the country’s economic progress. It contributes 7.5% to the total GDP and 49% to India’s manufacturing GDP.

The Indian auto parts sector grew by 23%, accounting for 2.3% of India’s total GDP. According to estimates, by 2026, the auto parts exports sector will account for around 7% of India’s GDP.

Global Waterborne Epoxy Resins Market 2023–2032 (By Type)

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Waterborne Epoxy Resins Market: Restraints

High cost of waterborne epoxy resins

The high cost of waterborne epoxy resins hinders industry expansion for a variety of reasons. To begin, the high cost of production, which includes complex technology and specialized raw materials, leads to higher product pricing. This discourages potential customers, particularly in price-sensitive industries like construction and automotive, from using aqueous epoxy resins.

Furthermore, the larger initial expenditure necessary to move from traditional solvent-based resins to aqueous epoxy resins discourages firms from adopting more ecologically friendly options. Furthermore, financial factors may cause consumers to choose less expensive options or remain with existing items, restricting market growth.

Waterborne Epoxy Resins Market: Opportunities

Shift toward environmentally friendly products

The growing demand for ecologically friendly items is a major driver of the waterborne epoxy resins market. Waterborne epoxy resins provide various environmental advantages over conventional solvent-based alternatives, such as fewer volatile organic compound (VOC) emissions and less environmental effect.

As rules on pollutants and environmental sustainability tighten, companies are turning more frequently to waterborne epoxy resins to satisfy compliance requirements and decrease their carbon footprint.

Furthermore, consumer awareness and demands for environmentally friendly and sustainable goods increase the need for waterborne epoxy resins in a variety of applications, including paints, adhesives, and composites. This trend promotes growth and development in waterborne epoxy resin technologies, which drives market expansion as companies look for options that correspond with their environmental goals and legislative demands.

For instance, Beyond MIX is an eco-friendly water-based resin that is used to create beautiful castings like coasters, containers, plates, and planters. It is a water-based acrylic resin that is solvent-free and contains no volatile organic compounds. It is a fire-resistant, non-toxic, robust, and environmentally friendly substance that is extremely diverse in use.

Global Waterborne Epoxy Resins Market 2023–2032 (By Application)

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Waterborne Epoxy Resins Market: Segmentation Analysis

The Global Waterborne Epoxy Resins market is segmented by type, application, end use industry and region.  Based on type, the market is classified into high molecular weight and low molecular weight. High molecular weight dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032.

High molecular mass serves an essential part in driving the waterborne epoxy resins in the marketplace owing to its effect on resin characteristics and performance.

Waterborne epoxy resins with high molecular weight provide higher toughness, durability, and chemical resistance than their low molecular weight equivalents. These features make them ideal for a variety of applications, such as coatings, glues, and composites, where excellent performance and long-term durability are required.

Furthermore, high molecular weight aqueous epoxy resins increase film formation and adhesion, resulting in better coating integrity and substrate bonding. As a consequence, sectors such as buildings, airplanes, automobiles, and electronics choose large-molecule waterborne epoxy resins due to their outstanding performance features, which drives need and market expansion.

Based on application, the market is classified into coatings, adhesives, composites and others. The adhesives segment dominated the market in 2022 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2032. Adhesives play a critical role in boosting the waterborne epoxy resins market owing to their widespread application in many sectors.

Waterborne epoxy resins are essential components in adhesives with excellent bonding capabilities. These adhesives are popular because of their exceptional adhesion, resilience, and ability to withstand chemicals and moisture, which makes them perfect for attaching a variety of substrates in the building, automobile packaging, and aerospace sectors.

Furthermore, aqueous epoxy adhesives provide ecological benefits such as minimal VOC emissions and less impact on the environment than solvent-based alternatives.

Based on end use industry, the market is classified into construction, automotive, textiles, packaging, and others. The construction segment dominated the market in 2022 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2032.

The construction sector is a major driver of the waterborne epoxy resins marketplace for a variety of reasons.  Waterborne epoxy resins are frequently utilized as paints and adhesives in construction owing to their superior adhesion, longevity, and chemical resistance. They are often used for flooring, cement restoration, and waterproofing in residential, commercial, and industrial structures.

Furthermore, the adaptability of waterborne epoxy resins enables customisation to satisfy a wide range of building needs, such as outstanding performance coatings for tunnels, bridges, and infrastructure projects. As building activity grows internationally, particularly in emerging nations, the need for waterborne epoxy resins is going to climb even more, fuelling market expansion in the construction industry.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 3.8 Billion
Projected Market Size in 2032 USD 6.6 Billion
Market Size in 2022 USD 3.5 Billion
CAGR Growth Rate 7.1% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Application, End Use Industry and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Waterborne Epoxy Resins Market: Regional Analysis

By region, Waterborne Epoxy Resins market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Waterborne Epoxy Resins market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

The Asia-Pacific region drives the waterborne epoxy resins market through several major aspects. For starters, the region’s thriving construction and automotive sectors fuel demand for environmentally friendly paints and adhesives, with waterborne resins made from epoxy providing a sustainable answer.

Furthermore, tight environmental rules promote the use of water-based formulations instead of solvent-based alternatives. Finally, increased urbanization and industrialization drive infrastructure development, which increases the demand for high-performance coatings and adhesives. Moreover, the presence of key manufacturers and suppliers, as well as expenditures in R&D, encourages innovation and market growth in Asia-Pacific.

Furthermore, the region’s huge customer base and rising awareness of environmental sustainability increase the need for waterborne epoxy resins. In general, Asia-Pacific’s economic development, regulatory surroundings, manufacturing processes, and consumer choices all combine to an enormous effect.

Global Waterborne Epoxy Resins Market 2023–2032 (By Billion)

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Waterborne Epoxy Resins Market: Recent Developments

  • In August 2023, Evonik Industries AG disclosed that it would increase its water-borne epoxy resin manufacturing facility in Singapore. The expansion is scheduled to be completed in 2024, increasing Evonik’s global manufacturing capacity for water-borne epoxy resins by 25%.
  • In July 2020, Engineered Polymer Solutions (EPS) introduced its new EPS 2400 series in North America. It contains six aqueous acrylic resins that can give high-performance solutions for wood coating formulators.
  • In November 2021, Hexoin Inc. signed a final deal with Westlake Chemical Corporation. Hexion Inc. agreed to sell its global epoxy business to Westlake Chemical Corporation for roughly US$ 1.2 billion.

List of the prominent players in the Waterborne Epoxy Resins Market:

  • Hexion Inc.
  • Nan Ya Plastics Corporation
  • Allnex GmbH
  • Kukdo Chemical Co. Ltd.
  • Aditya Birla Chemicals Ltd.
  • Olin Corporation
  • Huntsman Corporation
  • Evonik Industries AG
  • Adeka Corporation
  • Air Products & Chemicals Inc.
  • Allnex Belgium NV/SA
  • Reichhold Industries Inc.
  • Miller-Stephenson Chemical Company Inc.
  • Perma Enterprise Co.
  • Allnex Hexion Inc.
  • DIC Corporation
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Waterborne Epoxy Resins Market is segmented as follows:

By Type

  • Low Molecular Weight
  • High Molecular Weight

By Application

  • Coatings
  • Adhesives
  • Composites

By End Use Industry

  • Construction
  • Automotive
  • Textiles
  • Packaging
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Waterborne Epoxy Resins Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Waterborne Epoxy Resins Market: snapshot
  • Chapter 3. Global Waterborne Epoxy Resins Market – Industry Analysis
    • 3.1 Waterborne Epoxy Resins Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Due to its excellent thermal and acoustic properties drive market growth
      • 3.2.2 Huge demand in the automotive industry
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End Use Industry
  • Chapter 4. Global Waterborne Epoxy Resins Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Waterborne Epoxy Resins Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Waterborne Epoxy Resins Market – Type Analysis
    • 5.1 Global Waterborne Epoxy Resins Market Overview: By Type
      • 5.1.1 Global Waterborne Epoxy Resins Market Share, By Type, 2022 and – 2033
    • 5.2 Low Molecular Weight
      • 5.2.1 Global Waterborne Epoxy Resins Market by Low Molecular Weight, 2024 – 2033 (USD Billion)
    • 5.3 High Molecular Weight
      • 5.3.1 Global Waterborne Epoxy Resins Market by High Molecular Weight, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Waterborne Epoxy Resins Market – Application Analysis
    • 6.1 Global Waterborne Epoxy Resins Market Overview: By Application
      • 6.1.1 Global Waterborne Epoxy Resins Market Share, By Application, 2022 and – 2033
    • 6.2 Coatings
      • 6.2.1 Global Waterborne Epoxy Resins Market by Coatings, 2024 – 2033 (USD Billion)
    • 6.3 Adhesives
      • 6.3.1 Global Waterborne Epoxy Resins Market by Adhesives, 2024 – 2033 (USD Billion)
    • 6.4 Composites
      • 6.4.1 Global Waterborne Epoxy Resins Market by Composites, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Waterborne Epoxy Resins Market – End Use Industry Analysis
    • 7.1 Global Waterborne Epoxy Resins Market Overview: By End Use Industry
      • 7.1.1 Global Waterborne Epoxy Resins Market Share, By End Use Industry, 2022 and – 2033
    • 7.2 Construction
      • 7.2.1 Global Waterborne Epoxy Resins Market by Construction, 2024 – 2033 (USD Billion)
    • 7.3 Automotive
      • 7.3.1 Global Waterborne Epoxy Resins Market by Automotive, 2024 – 2033 (USD Billion)
    • 7.4 Textiles
      • 7.4.1 Global Waterborne Epoxy Resins Market by Textiles, 2024 – 2033 (USD Billion)
    • 7.5 Packaging
      • 7.5.1 Global Waterborne Epoxy Resins Market by Packaging, 2024 – 2033 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Waterborne Epoxy Resins Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Waterborne Epoxy Resins Market – Regional Analysis
    • 8.1 Global Waterborne Epoxy Resins Market Regional Overview
    • 8.2 Global Waterborne Epoxy Resins Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Waterborne Epoxy Resins Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Waterborne Epoxy Resins Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Waterborne Epoxy Resins Market, by Type, 2024 – 2033
      • 8.4.1 North America Waterborne Epoxy Resins Market, by Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Waterborne Epoxy Resins Market, by Application, 2024 – 2033
      • 8.5.1 North America Waterborne Epoxy Resins Market, by Application, 2024 – 2033 (USD Billion)
    • 8.6 North America Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033
      • 8.6.1 North America Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Waterborne Epoxy Resins Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Waterborne Epoxy Resins Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Waterborne Epoxy Resins Market, by Type, 2024 – 2033
      • 8.8.1 Europe Waterborne Epoxy Resins Market, by Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Waterborne Epoxy Resins Market, by Application, 2024 – 2033
      • 8.9.1 Europe Waterborne Epoxy Resins Market, by Application, 2024 – 2033 (USD Billion)
    • 8.10 Europe Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033
      • 8.10.1 Europe Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Waterborne Epoxy Resins Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Waterborne Epoxy Resins Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Waterborne Epoxy Resins Market, by Type, 2024 – 2033
      • 8.12.1 Asia Pacific Waterborne Epoxy Resins Market, by Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Waterborne Epoxy Resins Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Waterborne Epoxy Resins Market, by Application, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033
      • 8.14.1 Asia Pacific Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Waterborne Epoxy Resins Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Waterborne Epoxy Resins Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Waterborne Epoxy Resins Market, by Type, 2024 – 2033
      • 8.16.1 Latin America Waterborne Epoxy Resins Market, by Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Waterborne Epoxy Resins Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Waterborne Epoxy Resins Market, by Application, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033
      • 8.18.1 Latin America Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Waterborne Epoxy Resins Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Waterborne Epoxy Resins Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Waterborne Epoxy Resins Market, by Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Waterborne Epoxy Resins Market, by Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Waterborne Epoxy Resins Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Waterborne Epoxy Resins Market, by Application, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Waterborne Epoxy Resins Market, by End Use Industry, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Hexion Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Nan Ya Plastics Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Allnex GmbH
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Kukdo Chemical Co. Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Aditya Birla Chemicals Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Olin Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Huntsman Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.9 Evonik Industries AG
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Adeka Corporation
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Air Products & Chemicals Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.13 Allnex Belgium NV/SA
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.16 Miller-Stephenson Chemical Company Inc.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Perma Enterprise Co.
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Reichhold LLC
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Allnex Hexion Inc.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 DIC Corporation
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Allnex GmbH
  • Kukdo Chemical Co. Ltd.
  • Aditya Birla Chemicals Ltd.
  • Olin Corporation
  • Huntsman Corporation
  • Reichhold LLC
  • Evonik Industries AG
  • Adeka Corporation
  • Air Products & Chemicals Inc.
  • Nan Ya Plastics Corporation
  • Allnex Belgium NV/SA
  • Reichhold Industries Inc.
  • Hexion Inc.
  • Miller-Stephenson Chemical Company Inc.
  • Perma Enterprise Co.
  • Allnex Hexion Inc.
  • DIC Corporation
  • Others

FAQs

The restraints of the Waterborne Epoxy Resins market is high costs of waterborne epoxy resins.

The major driver for the Waterborne Epoxy Resins market is excellent thermal and acoustic properties and huge demand in automotive industry.

The “Low Molecular Weight” category dominated the market in 2022.

The key players in the market are Hexion Inc., Nan Ya Plastics Corporation, Allnex GmbH, Kukdo Chemical Co. Ltd., Aditya Birla Chemicals Ltd., Olin Corporation, Huntsman Corporation, Reichhold LLC, Evonik Industries AG, Adeka Corporation, Air Products & Chemicals Inc., Nan Ya Plastics Corporation, Allnex Belgium NV/SA, Reichhold Industries Inc., Hexion Inc., Miller-Stephenson Chemical Company Inc., Perma Enterprise Co., Reichhold LLC, Allnex Hexion Inc., DIC Corporation, Others.

“Asia-Pacific” had the largest share in the Waterborne Epoxy Resins Market.

The global market is projected to grow at a CAGR of 7.1% during the forecast period, 2023-2032.

The Waterborne Epoxy Resins Market size was valued at USD 3.8 Billion in 2023.

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