The global waterborne epoxy resins market was valued at US$ 2,764.0 Mn in 2018, according to Waterborne Epoxy Resins Market Report, 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 by Coherent Market Insights.
The global waterborne epoxy resins market is projected to reach US$ 5,370.1 Mn by 2027, exhibiting a CAGR of 7.7% during the forecast period (2019-2027). The market is expected to witness substantial growth over the forecast period, attributing to increasing investment in residential and non-residential infrastructure development coupled with technological advancements in waterborne epoxy resins products.
Growing government investments in corporate and commercial infrastructure development is expected to potentially drive demand for waterborne epoxy resins. For instance, in 2015, the Indian Ministry of Road Transport, Highways, and Shipping announced a target investment of US$ 376.53 Mn in infrastructure sector by 2018. This in turn, would create a highly conducive environment for growth of the market.
Furthermore, increasing preference towards waterborne epoxy resins is expected to drive the market growth over the forecast period. Waterborne epoxy coatings & floorings are increasing being used due to advantages such as low content of volatile organic compounds (VOCs), low odor intensity, non-flammable or non-combustible nature, ease of re-coat & clean up, and fast drying. End-users are preferring waterborne epoxy resins for various applications, owing to these properties such as paints & coatings, composites, and electronic applications.
Favorable growth of the construction industry along with increasing demand for waterborne epoxy resins in the textile industry is expected to offer impetus growth opportunities to the players operating in the waterborne epoxy resins market over the forecast period. Waterborne epoxy resins are used in the textile industry for high performance applications such as fiber sizing, fiber adhesive treatment, fabric finishes, textile binding, and adhesion promoting. The demand for waterborne epoxy resins is increasing in disposable non-woven textile products, owing to low VOC contents. Asia Pacific, Europe, and North America are major markets for textiles, which in turn is expected to create growth opportunities for waterborne epoxy resins manufacturers in these regions.
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