The Global Waterborne Epoxy Resins Market Driven By Growth In Construction Sector
The waterborne epoxy resins market comprises water-based epoxy coatings and adhesives that provide numerous advantages over solvent-borne epoxy resins including lower VOC emissions and flammability. They find wide application in flooring, metal coatings, architectural coatings, and heavy-duty industrial uses where durability and chemical resistance are crucial. The emergence of green building concepts and stringent environmental regulations have boosted the demand for waterborne epoxy resins globally.
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.
The primary driver augmenting the demand for Waterborne Epoxy Resins Market Size is the growth of the construction sector. Reconstruction and rehabilitation activities in developed nations of North America and Europe along with new construction projects worldwide are largely dependent on advanced waterborne epoxy resins for their superior adhesive strength and corrosion resistance properties essential for infrastructure development. This in turn is expected to propel the market during the forecast period.
Current Geopolitical Impact on Waterborne Epoxy Resins Market Growth
The global waterborne epoxy resins market is facing difficulties in growth due to geopolitical tensions and economic downturn in some key regions. The ongoing Russia-Ukraine conflict has significantly disrupted supply chains and export of key raw materials from these regions. Rising inflationary pressures and uncertainties arising from this conflict are compelling major end-use industries like construction and automotive to cut down or delay capital expenditures. This is negatively impacting the demand for waterborne epoxy resins in the short-term.
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