Waterborne Epoxy Resins Is Estimated To Witness High Growth Owing To Its Wide Applications In Automotive And Building & Construction Sectors
Waterborne Epoxy Resins Market
Waterborne epoxy resins are water-based low-viscosity epoxy resins that are
used for various applications such as coatings, adhesives, and composites. They
offer various advantages over solvent-borne resins such as low volatile organic
compound (VOC) emissions, fast curing, and excellent mechanical and chemical
resistance properties. Waterborne epoxy resins find major applications in
automotive, building & construction, marine, and other industrial sectors.
The global Waterborne Epoxy Resins
Market is estimated to be valued at Us$
3938.73 Bn in 2024 and is expected to exhibit a CAGR Of 11% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent
Market Insights.
Market Opportunity:
The wide applications of waterborne epoxy resins in the automotive and building
& construction sectors is estimated to present a lucrative growth
opportunity for the market. In the automotive sector, waterborne epoxy resins
are used for coating various automotive components due to their outstanding
adhesion, chemical & corrosion resistance properties. They help in
improving the aesthetics and durability of automobiles. Similarly, in the
building & construction sector, waterborne epoxy resins are used in
flooring, wall panels, and various other applications owing to their high
strength and hardness. The rapidly growing automotive and construction
industries are expected to witness increased demand for waterborne epoxy resins
over the forecast period. This will present significant market opportunity for
manufacturers to enhance their production capacities and geographical reach.
Porter’s Analysis
Threat of new entrants: The waterborne epoxy resins market requires high
R&D investments and strict environmental regulations pose entry barriers
for new companies. There is medium threat from new entrants.
Bargaining power of buyers: The presence of several established players
provides buyers with higher bargaining power. They can negotiate for better
prices and quality.
Bargaining power of suppliers: Raw material suppliers have medium bargaining
power due to availability of substitutes and less differentiation in materials.
Suppliers do not have pricing leverage.
Threat of new substitutes: Alternatives like solventborne or powder coatings
exist but do not offer the advantages of waterborne resins in terms of low VOC
emissions. Threat from substitutes is low.
Competitive rivalry: The market is fragmented with top players holding around
30% share. Players compete based on product quality, price, and innovation.
SWOT Analysis
Strengths: Low VOC emissions, environmental friendliness, and innovative new
product launches.
Weaknesses: High production costs, need for specialized equipment and
processes.
Opportunities:
Growing end-use industries, stringent regulations favoring low VOC products.
Threats:
Intense competition, easy availability of substitutes, fluctuations in raw
material prices.
Key Takeaways
The Global Waterborne Epoxy Resins Market Demand
is expected to witness high growth between 2024 to 2031 on account of
rising environmental concerns. The global Waterborne Epoxy Resins Market is
estimated to be valued at US$ 3938.73 Bn in 2024 and is expected to exhibit a
CAGR of 11% over the forecast period 2024 to 2031.
North
America dominates currently due to strict regulations regarding VOC emissions
from coatings. Europe follows second due to favorable green building mandates
and policies supporting low emission materials.
Key players operating in the waterborne epoxy resins market are Novartis,
Merck, Roche, Amgen, Pfizer, Sun Pharma, Bristol-Myers Squibb, AstraZeneca,
Johnson & Johnson, Valeant, Daiichi Sankyo, Takeda, LEO Pharma, Mylan,
Sanofi, Regeneron, Eli Lilly, Bayer, Gilead Sciences, and Astellas Pharma.
Regional manufacturers are expanding production capacities across APAC and
Latin America to cater to the growing demand.
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