February 21, 2024

The Global Waterborne Epoxy Resins Market Driven By Infrastructure Development And Construction Industry

Waterborne epoxy resins find diverse applications in protective coatings, adhesives, industrial coatings, and composite materials, owing to their water solubility and low VOC content. These resins display high durability, flexibility, and corrosion resistance, making them suitable for use in protective and industrial coatings for concrete, metal, and wood substrates. They provide excellent adhesion and moisture resistance to coated surfaces. Rapidly growing construction and infrastructure development activities are majorly fueling the demand for waterborne epoxy resins in coating applications such as flooring, infrastructure, and shipbuilding.

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:

One of the key trends in the waterborne epoxy resins market is the increasing adoption of green and sustainable products. Stringent environmental regulations aiming to reduce VOC emissions are encouraging manufacturers to develop bio-based and low VOC waterborne epoxy resins. For instance, in 2022, Hexion Inc. launched EnviroPro TM 220 bio-based epoxy resin made from using plant-derived materials for waterborne applications such as concrete coatings and adhesives. Manufacturers are also introducing nano-technology based waterborne epoxy coatings for better physical and chemical properties with lower VOC content. New product innovations focusing on sustainability will aid in the market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: Low- to medium threat as significant capital investment is required for research, production facilities and establishing brand recognition in this mature market.

Bargaining power of buyers: Medium bargaining power as buyers have several options but quality and adherence to regulations are key decision factors.

Bargaining power of suppliers: Medium bargaining power as access to raw materials is important and suppliers have established themselves.

Threat of new substitutes: Low threat as waterborne epoxy resins are highly specialized coatings suited for various industries with performance advantages over substitutes.

Competitive rivalry: High rivalry exists among global players to develop new formulations, gain market share and penetrate emerging regions through collaborations and acquisitions.

Key Takeaways

The Global Waterborne Epoxy Resins Market Demand is expected to witness high growth. 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.


Regional analysis:


Asia Pacific region currently dominates the market and is expected to grow at the fastest rate during the forecast period. Rising industrial activities and infrastructural development are driving demand.

Key players:


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 BASF are the global leaders with wide product portfolio and geographical presence. Smaller players focus on specialty applications and end-use industries.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it