Global Waterborne Epoxy Resins Market to Reach US$ 5,370.1 Mn by 2027 – Coherent Market Insights
SEATTLE--(BUSINESS WIRE)--The global waterborne epoxy resins market was valued at US$ 2,764.0 Mn in 2018, and is projected to exhibit a CAGR of 7.7% over the forecast period (2019 – 2027), in terms of revenue.
Key Trends and Analysis of the Waterborne Epoxy Resins Market:
The waterborne epoxy resins market is expected to witness substantial growth over the forecast period. Factors such as increasing demand for waterborne epoxy resins in various end-use industries such as construction, automotive, textiles, and packaging are fueling growth of the global waterborne epoxy resins market.
Waterborne epoxy resin-based coatings are mainly used in construction applications such as concrete coatings due to their excellent chemical & mechanical resistance, high bonding nature, good shear stress stability, and excellent wetting performance. Moreover, these resins are used in preparation of structural lightweight composite materials. Growing demand for high performance coatings in residential and non-residential infrastructures is expected to drive the growth of the global waterborne epoxy resins market over the forecast period.
Technological advancements in waterborne epoxy resin products is further expected to boost the revenue for waterborne epoxy resins market over the forecast period. For instance, in 2015, Dow Chemicals developed novel acrylic-epoxy hybrid technology for concrete coating application, especially used for green buildings in commercial and institutional architecture that cures quickly, resists yellowing in the presence of natural light, and is durable.
However, stringent regulations imposed on the limited use of volatile organic solvents is predicted to hinder growth of the waterborne epoxy resins market over the forecast period.
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Key Market Takeaways:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.