Waterborne epoxy resin can be divided into anionic resin and cationic resin. Anionic resin is used for anodic electrodeposition coating, and cationic resin is used for cathodic electrodeposition coating. The main characteristic of waterborne epoxy resin is its excellent anti-corrosion performance. In addition to being used for automobile coating, it is also used in medical devices, electrical appliances, light industrial products and other fields. Waterborne epoxy resin is mainly used in protective coatings for auto parts, railways, agriculture, containers, trucks, etc., with a wide range of applications and good prospects for industry development.
Waterborne epoxy resin is mainly used in the field of coatings. Under the general trend of global environmental protection, the application demand of water-borne epoxy resin continues to rise. In 2020, the global market scale of water-borne epoxy resin is about 1.1 billion dollars, and it is expected to reach 1.6 billion dollars by 2025.
In the past few years, China has actively promoted the reform of container coatings, and the application demand of water-based epoxy resin has continued to grow. In 2020, the market size of water-based epoxy resin in China will be about 32.47 million yuan, and it is expected to reach about 50 million yuan by 2025.
With the growth of market demand, the output of water-borne epoxy resin in China will also reach about 120000 tons in 2020.
The Asia-Pacific region is one of the fastest growing water-based epoxy resin markets in the world, accounting for more than 50% of the global market share. This is mainly due to the growth of China’s market demand. China consumes half of the water-based epoxy resin in the Asia-Pacific region, followed by Japan, Taiwan, South Korea and other countries and regions with increasing consumption.
In the global market, the consumption of waterborne epoxy resin in the United States and China ranks first, followed by South Korea, Germany, Japan, France, the United Kingdom and other countries. In terms of development, with the development of manufacturing and industrialization, the demand for waterborne epoxy resin in the fields of automobile, architecture, furniture, textile and so on continues to rise, among which the construction field is the fastest growing application field. However, with the development of automobile intelligence and energy saving in the future, the automobile industry will continue to grow, and the application prospect of waterborne epoxy resin in the automobile field is good.
In terms of market competition, the water-based epoxy resin manufacturers in the current global market are mainly Baling Petrochemical, South Asia Plastics, Jinhu Chemical, Anbang New Materials, Olin Corporation, Huntsman and other enterprises, and the market competition is relatively fierce.
Water-based epoxy resin has the advantages of environmental protection and a wide range of applications. In recent years, the market demand has continued to rise. Driven by the development of terminal construction, automobile and other industries, the market demand for water-based epoxy resin will continue to grow.
In terms of production, China is an important water-based epoxy resin manufacturer in the world, with a high output. The domestic market has basically achieved localization, and the leading enterprises have presented a monopoly pattern. It is difficult for new enterprises to enter.
Post time: Feb-28-2023