The waterborne epoxy resin market in Asia-Pacific is one of the fastest-growing consumers across the globe and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for waterborne epoxy resin, and accounted for a share of more than 51.11% of the total market size in terms of volume in 2014 which was majorly contributed by China. It is also estimated that China is the fastest-growing market of waterborne epoxy resin in the region. The high growth in this region is mainly driven by growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
The coatings market is one of the largest types globally and the trend is expected to continue in the near future. Asia-Pacific region constitutes a major share in coating application in the year 2014. It is also estimated that China is the fastest-growing market of coatings industry in the Asia-Pacific region.
The U.S. and China are at forefront of waterborne epoxy resins consumption, while Germany, South Korea France, Japan, U.K. and Russia are other key markets for waterborne epoxy resin consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for the waterborne epoxy resins, followed by Japan, Taiwan and South Korea where consumption is growing at a steady rate. Increase in the consumption of waterborne epoxy resins in automotive, construction, textiles, furniture and packaging has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Construction is projected to be the fastest-growing application segment followed between 2015 and 2020.