Asia-Pacific Waterborne Epoxy Coatings Market By Application (Construction, Transportation, Industrial, and Others) – Forecast To 2020

The Asia-Pacific Waterborne Epoxy Coatings Market is estimated to grow from USD 4,696.87 million in 2015 to USD 6,561.98 million by 2020, at a CAGR of 6.92%. It is witnessing high growth because of increasing application of waterborne epoxy coatings  and government regulatory support.

In this report, the Asia-Pacific region is segmented into China, India, Japan, South Korea, and other countries. It is one of the fastest-growing regions in the manufacturing of waterborne epoxy coatings. It is projected to register the highest CAGR in terms of value in the next five years and offer significant commercial opportunities for the growth of the waterborne epoxy coatings market. Many automobile manufacturers are setting up or expanding their manufacturing bases in this region, especially in China, to take advantage of the low manufacturing costs.

Waterborne epoxy coating is widely used building & construction, transportation, and industrial applications due to their environmental, health, and safety benefits. Currently, waterborne epoxy coatings are replacing solventborne epoxy coatings in many specialty applications, and are expected to account for a major share in the Asia-pacific paints & coatings market.

Competitive scenarios of the key players in the waterborne epoxy coatings market in Asia-Pacific have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These players include Akzonobel N.V. (Netherlands),  BASF (Germany), Berger Paints India Limited (India), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited (Japan), PPG Industries Inc. (U.S.), RPM International Inc. (U.S.),The Sherwin Williams Company (U.S.), and Valspar Corporation (U.S.). These companies are consistently focusing on expanding their production capacity to achieve competitive advantages and thereby serving the customers more effectively. Investments and expansions were the most preferred strategies adopted by the key players.

To know about the assumptions considered for the study, Download the PDF Brochure. 

Scope of the report:

This research report categorizes the Asia-Pacific Waterborne Epoxy Coatings Market on the basis of applications and region, along with forecastingmarket size by segment and analyzing trends in each of the submarkets.

On the basis of applications:

• Construction
• Transportation
• Industrial
• Others

Each application is described in detail in the report with volume and value forecasts for each country.

On the basis of region:

• China
• India
• Japan
• South Korea
• Others

The Asia-Pacific Waterborne Epoxy Coatings Market is estimated to reach USD 6,561.98 million by 2020, signifying a CAGR of over 6.92% between 2015 and 2020.

Waterborne epoxy coatings are made of epoxy resins that possess excellent mechanical and electrical properties and high heat resistance. These coatings outperform other resin-type coatings in terms of mechanical properties, resistance to environmental degradation, excellent adhesion, chemical & heat resistance, mechanical properties, and high electrical insulating properties. Epoxy coatings are used wherever a hard, electrical insulating coating is required to provide protection over a wide temperature range (up to 150°C or higher).

Waterborne epoxy coatings also have excellent adhesion to metal substrates. These are used extensively in coating refineries, chemical plants, and marine equipment, such as offshore drilling platforms and merchant ships. Waterborne epoxy coatings are also used in automotive, aircraft, and appliance primers applications because of their high corrosion resistance. They are also used to protect the exterior and interior of pipes.

Growth in the end-use industries, such as construction and transportation, in China and India drives the Asia-Pacific Waterborne Epoxy Coatings Market. The growth in these end-use industries in the region is attributed to increased demand for automotive, transportation, and industrial applications as well as for technological and infrastructural developments.

Asia-Pacific has been a major market for epoxy coatings market in the backdrop of the overall slowdown in global economic development. The major applications of epoxy coatings are in construction, transportation, and industrial. Various stringent environmental, health, and safety-related regulations are driving the demand for waterborne epoxy coatings in the above-mentioned applications. Currently, waterborne epoxy coatings are replacing solvent borne epoxy coatings in many specialty applications. In view of this, waterborne epoxy coatings are expected to account for a major market share in the overall paints and coatings market.

Emerging markets in Asia-Pacific, such as China, India, and Southeast Asian countries, are attracting global players to set up their manufacturing base in this region. In countries such as China and India, the growing customer base is encouraging manufacturers to provide advanced technology and quality products. Increased investments in the technological, infrastructural, and R&D sectors have necessitated resin manufacturers to supply quality products to end users in the region. Waterborne epoxy coatings and its applications industries are also propelled by the economic growth in the emerging economies and subsequent increase in intake from the end-use industries.

The significant waterborne epoxy coatings manufacturers in Asia-Pacific include Berger Paints India Limited (India), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited (Japan), AkzoNobel N.V. (Netherland), and BASF SE (Germany).

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