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Waterborne Epoxy Resin Market Set for Huge Growth in the Near Future

Author : Rahul Varpe | Published Date : 2019-03-25 

The Waterborne Epoxy Resin Market are essential to prevent rust formation on vehicles which increases the life of the vehicles. It also provides clear lighting from LEDs and is used to improve light diffraction. The increased demand for the product to manufacture electrical laminates for generators, motors and insulators have boosted the product market. Waterborne epoxy resins are widely used in boat manufacturing due to excellent gap filling properties. The product finds its application in aerodynamically efficient blades which has driven the product market in aerospace industry.
 
The Waterborne Epoxy Resin Market can be segmented on the basis of application, means of dispersion and region. Based on application, the product market can be divided into coatings & paints, adhesives, composites, sealants, electricals and others such as binders in textiles, etc. Coatings & paints is the largest application segment of the product market which will grow at a fast pace owing to the use in end-use industries such as automotive, marine, electrical & electronics, etc. The product is widely used in printed circuit boards which has escalated the product market in electricals segment. Based on means of dispersion, the product market can be segmented into polyethylene oxide, polyethylene glycol and fatty acids.

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Waterborne Epoxy Resin Market size is estimated to grow at a significant CAGR in the forecast timeframe. Global product market is estimated to witness a substantial growth due to the increased use in end-use industries such as automotive, textiles, furniture, packaging, etc.
 
Due to the rising industrialization, the demand of coatings and paints has considerably increased which will propel the product market. Growing demand from aerospace and wind energy industries is anticipated to augment the demand of the product over the forecast period. With the environmental legislation becoming stricter in various countries, waterborne coatings have become popular in industrial coatings which will drive the Waterborne Epoxy Resin Market. Another major factor for the incline of the product market is its low volatile organic compound (VOC) emission.

However, fluctuating raw material prices and meeting high demand of bisphenol A which is used to manufacture epoxy resin, can impede the growth of the market. Emerging bio-based resins can also hamper the demand of waterborne epoxy resins.

Waterborne Epoxy Resin Market size is estimated to grow at a significant CAGR in the forecast timeframe. Global product market is estimated to witness a substantial growth due to the increased use in end-use industries such as automotive, textiles, furniture, packaging, etc.
 
Due to the rising industrialization, the demand of coatings and paints has considerably increased which will propel the product market. Growing demand from aerospace and wind energy industries is anticipated to augment the demand of the product over the forecast period. With the environmental legislation becoming stricter in various countries, waterborne coatings have become popular in industrial coatings which will drive the product market. Another major factor for the incline of the product market is its low volatile organic compound (VOC) emission.

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However, fluctuating raw material prices and meeting high demand of bisphenol A which is used to manufacture epoxy resin, can impede the growth of the market. Emerging bio-based resins can also hamper the demand of waterborne epoxy resins.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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