Waterborne epoxy resins are a type of protective coating that provides superior adhesion, corrosion and chemical resistance for industrial applications. They are increasingly being used as coatings for concrete flooring in commercial and industrial buildings due to benefits such as high strength, moisture resistance and durability.
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 key trends:
The increasing construction activities across both commercial and industrial sectors has been a major factor driving the demand for waterborne epoxy resins market. Coatings made from waterborne epoxy resins are widely used for protecting concrete floors in factories, warehouses, garages etc. from damage caused by harsh chemicals, moisture and heavy foot traffic. They form a tough, seamless and chemical resistant layer offering long-lasting protection. Rapid industrialization and establishment of manufacturing units in developing nations has augmented the need for robust and durable floor coatings, thereby fueling the consumption of waterborne epoxy resins in various end-use industries over the forecast period.
Segment Analysis
The global waterborne epoxy resins market is dominated by the building & construction sub-segment which accounted for over 38% of the total market share in 2024. Waterborne epoxy resins are widely used in flooring, adhesives, protective & marine coatings in the building & construction industry owing to their low VOC emission, high strength and durability.
Key Takeaways
The Global Waterborne Epoxy Resins Market Demand is expected to witness high growth over the forecast period 2024 to 2031. The market size is projected to reach US$ 3938.73 Bn by 2024, growing at a CAGR of 11% between 2024-2031.
Regional analysis
Asia Pacific accounted for the largest market share of over 40% in 2024 and is expected to remain the fastest growing as well as the dominating regional market over the forecast period. This can be attributed to rapid industrialization and infrastructure development activities in China, India and other South Asian countries.
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, Astellas Pharma. Novartis and Merck collectively accounted for over 30% of the total market share in 2024 owing to their wide product portfolio and global sales network.
Get more insights on this topic :
Check more trending articles on this topic:
Comments
0 comment