Global Waterborne Epoxy Resins Market was Valued at US$ 2,764.0 Million in 2018, and is Predicted to Grow at a CAGR of 7.7% in Revenue Over the Forecast Period, Reaching US$ 5,370.1 Million by 2027

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Waterborne Epoxy Resins
Waterborne Epoxy Resins

Waterborne epoxy resins are popular because they emit less volatile organic compounds (VOCs). These resins are very compatible with a variety of components and can be mixed with wetting agents, co-solvents, and additives to create formulations with exceptional adhesion to substrates and high cure corrosion resistance. Epoxy resins that are waterborne are employed in a variety of applications, including adhesives, coatings, composites, and more.

Due to rising demand for environmentally friendly products, the global Waterborne Epoxy Resins Market is predicted to develop significantly during the forecast period (2019-2027). In 2018, the category accounted for more than 50.0 percent of the overall market's sales. Waterborne epoxy resin is predicted to expand in popularity as a protective coating in concrete, automotive metal, and marine applications, as well as pipe and coil, to survive corrosive and humid environments.

Various governments have enacted strict rules prohibiting the use of volatile organic compounds in epoxy coatings, which is expected to have a negative influence on the environment. This is a major stumbling block for the worldwide Waterborne Epoxy Resins Market Expansion. The US Environmental Protection Agency (EPA), the Ozone Transport Commission (OTC), the California Air Resources Board (CARB), and the South Coast Air Quality Management District (SCAQMD) have all imposed tight limitations on VOC content in architectural and industrial maintenance paints. The EPA has set a limit of 250 grammes of VOC per litre for exterior coatings.

Composites are also made with epoxy resins that are water-based. Components for automobiles, aeroplanes, and wind turbines are made from composite materials. Waterborne epoxy resins are used in the production of structural and marine composites to improve their performance. In terms of application, the coatings sector dominated the global Waterborne Epoxy Resins Market in 2018. Consumer demand for lightweight composite materials in the aerospace and automotive industries is shifting as consumers become more mindful of carbon emissions and the growing fuel crisis, which is likely to boost the composites segment's growth throughout the forecast period.

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