Multiple Applications Driving Strong Growth for Waterborne Epoxy Resins
Asia-Pacific held a dominant regional position in the waterborne epoxy resins market in 2018.
The global waterborne epoxy resins market was valued at nearly $2.8 billion in 2018, according to a report from Coherent Market Insights, and is projected to exhibit a CAGR of 7.7% from 2019-2027 (in terms of revenue). Increasing demand in end-use industries such as construction, automotive, textiles, and packaging are fueling growth for 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 and mechanical resistance, high bonding nature, good shear stress stability, and excellent wetting performance. In addition, these resins are used in preparation of structural lightweight composite materials.