NEW YORK, May 28, 2015 /PRNewswire/ -- The waterborne epoxy resins offer different functionalities for a variety of applications such as automotive, construction, textiles, furniture and packaging. They possess properties such as amorphous thermosets with excellent mechanical strength and toughness, good thermal, adhesive, and electrical properties. These superior performance characteristics, coupled with outstanding formulating versatility and reasonable costs, have gained waterborne epoxy resins wide acceptance as materials of choice for a multitude of bonding, structural, and protective coatings applications.
Asia-Pacific is the global leader in the consumption of waterborne epoxy resins and this dominance is expected to continue till 2020. China is the key market in the region, consuming more than half of the demand for waterborne epoxy resins, followed by Japan where consumption is growing steadily. Increase in the consumption of waterborne epoxy resins in coatings, composites, and adhesives applications have been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. The continuous growth and innovation, along with industry consolidations, are projected to ascertain a bright future for the industry.
Automotive and construction industries are the two major end-user applications of waterborne epoxy resins. They are also used to coat engineering fibers in order to provide superior matrix adhesion in high performing fiber reinforced composite applications. Waterborne epoxy resins provide amorphous thermosets with excellent mechanical strength and toughness; outstanding chemical, moisture, and corrosion resistance; good thermal, adhesive, and electrical properties.
This study estimates the market value for waterborne epoxy resins and projects the same by 2019. As a part of quantitative analysis, the study segments the market by different applications of waterborne epoxy resins at country level with the current market estimation and forecast till 2019. The countries covered in the report are China, Japan, Taiwan, South Korea, Brazil, Germany, the U.K., France, Italy, Spain, Russia and the U.S. The segmentation by application includes coatings, composites and adhesives. The segmentation by end-user industry includes automotive, construction, textiles, furniture?s and packaging. Further as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, burning issues, challenges, and key issues in the market. It also includes the company profiling and competitive strategies adopted by different market players, including The DOW Chemical Company (U.S.), Huntsman Corporation (U.S.), Hexion Inc (U.S.), Aditya Birla (Thailand) Chemicals Company, Allnex Belgium NV/SA (Belgium).
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