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Epoxy resins are well known adhesives that can be used to solder two substances and are also used as surface coatings. Epoxy resins are semi-polymeric or polymeric materials which are generally made up of two epoxide groups. Epoxy resins, which are also known as Polyepoxides, can be classified based on their molecular weight and can grouped into either low molecular weight pre-polymers, or higher molecular weight polymers. Raw materials required for manufacturing epoxy resins are largely derived from petroleum naphtha. Epoxy resin is cross linked with a wide range of hardeners using a process known as catalytic ‘Homopolymerization’, thus forming a thermosetting polymer with high chemical and temperature resistance and strong mechanical properties. Depending upon the hardener used, epoxy resins can be reinforced with properties such as flexibility, color, rigidity, water resistance, and curing time. 

Waterborne epoxy resin coatings have been in production since the last 40 years, and serve as an eco-friendly alternative to solvent-borne epoxy resins in economies that have strict environmental and worker safety legislations. Their consumption increased considerably in order to reduce the emission of organic solvents. The waterborne epoxy resins have peculiar features and hence, they can be used for numerous applications such as textiles, automotive, packaging, furniture, and construction. They have excellent chemical and physical characteristics such as good thermal and electrical resistance, non-crystalline thermosets with good tensile strength, toughness, and adhesiveness coupled with reasonable cost and excellent formulating versatility. Waterborne epoxy resins find a wide range of applications in their materials of choice for a range of bonding, protective coatings, and structural applications. Extensive research and development is being done to find out cost effective applications of waterborne epoxy resins in the root-canal treatment for binding purposes. Durcupan, waterborne epoxy resin is used in the construction of  an embedding electron microscope sample in plastic which can be divided with a microtome so as to get a magnified image. Waterborne epoxy resins provide excellent matrix gelling in fiber reinforced composites and hence, are used as coating for fibers. The construction and automotive industries are two major application segments of the waterborne epoxy resins. Due to the rapidly growing manufacturing sector and continued industrialization, Asia Pacific has become a frontrunner in the consumption of waterborne epoxy resins and this dominance is projected to continue during the forecast period. A majority of the demand for waterborne epoxy resins in Asia Pacific exists in China, followed by Japan. The high growth in this region is mainly driven by numerous favorable investment policies, increasing population in developed as well as developing economies, and government schemes to promote industrial growth. Consumption is increasing gradually in Taiwan and South Korea. Growth in the consumption rate of waterborne epoxy resins in composites, adhesives, and coatings applications have been on the rise in the U.S. Coatings industry also serves as one of the largest application segments of waterborne epoxy resins followed by adhesives. Construction is projected to be the fastest growing application segment during the forecast period. The market in Europe is lagging behind and its consumption growth rate is well below the average market growth rate. Factors such as consolidation of the industry along with innovation and continuous growth are expected to translate into substantial growth for the waterborne epoxy resin industry.

Key market players in the manufacturing of waterborne epoxy resins are Air Products & Chemicals Inc., Kukdo Chemicals Co. Ltd, The DOW Chemical Company, Nan Ya Plastics Corporation, Allnex Belgium NV/SA, Huntsman Corporation, Aditya Birla Chemicals Company, Reichhold Industries, Inc., and Hexion Inc. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Waterborne Epoxy Resin Market