Waterborne Epoxy Resins Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,500	419 Pages	Coherent Market Insights	May, 2022	CMI17211600

Best Price Guarantee
Price	from $4,500
Length	419 Pages
Publisher	Coherent Market Insights
Published Date	May, 2022
SKU	CMI17211600

Waterborne Epoxy Resins Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Waterborne epoxy resins perform at levels consistent with solvent borne technologies while reducing volatile organic compounds (VOCs). These resins offer different functionalities for a variety of applications. The aqueous epoxy resins include non-ionic epoxy-functional emulsifiers, which allow the emulsifier to become a part of the cured product with minimal impact on the mechanical properties.
Waterborne epoxy resins are used in various applications in industries such as construction, automotive, textiles, packaging, and others. These resins exhibits superior mechanical properties along with strong thermal and chemical resistance in comparison with other resins. Growing industrialization is expected to generate high demand for paint and coatings, thereby boosting growth of the waterborne epoxy resins market over the forecast period.
Market Dynamics
Among application, the coatings segment is expected to witness significant market share in the global waterborne epoxy resins market. In 2021, the segment accounted for over 50.0% share in the market in terms of revenue. Coating is the largest application for waterborne epoxy resins. Properties such as high chemical and mechanical resistance, corrosion resistance, good adhesion, and ease of handling and processing are bolstering demand for waterborne epoxy resins for coating applications.
Among regions, in 2021, Asia Pacific held dominant position in the waterborne epoxy resins market and contributed revenue share of around 46.0% in the global market. This is attributed to significant growth of automotive and construction industry in the region coupled with increasing demand for waterborne epoxy resins from these industries. According to International Organization of Motor Vehicle Manufacturers (OICA), total automobiles production for China and India was valued at 27.8 Mn and 5.1 Mn units, respectively in 2021.
Key features of the study:
This report provides in-depth analysis of waterborne epoxy resins market and provides market size (US$ Mn & Mn Kg) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global waterborne epoxy resins market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Hexion Inc., Dow Chemical Company, Aditya Birla Chemicals Co. Ltd., Huntsman Corporation, BASF SE, Royal DSM N.V., Eastman Chemical Corporation, Conren Limited, Gellner Industrial LLC, and AllCoat Technology Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global waterborne epoxy resins market report caters to various stakeholders in this industry including investors, suppliers, waterborne epoxy resins manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the waterborne epoxy resins market
Detailed Segmentation:
Global Waterborne Epoxy Resins Market, By Product Form:
Liquid
Semi-Solid
Solid
Global Waterborne Epoxy Resins Market, By Molecular Weight:
Low Molecular Weight
High Molecular Weight
Global Waterborne Epoxy Resins Market, By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
Global Waterborne Epoxy Resins Market, By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Global Waterborne Epoxy Resins Market, By Region:
North America
U.S.
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Canada
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Europe
U.K.
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Norway
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Rest of Europe
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Asia Pacific
Indonesia
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Rest of Asia Pacific
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textiles
Packaging
Others
Rest of World
By Product Form:
Liquid
Semi-Solid
Solid
By Molecular Weight:
Low Molecular Weight
High Molecular Weight
By Application:
Adhesives
Tie Coats
Laminates
Others
Coatings
Top Coats
Self-Levelling Coats
Floor Primer
Others
Composites
Others
By End-use Industry:
Construction
Automotive
Textile
Packaging
Others
Company Profiles
Hexion Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Dow Chemical Company
Aditya Birla Chemicals Co. Ltd.
Huntsman Corporation
BASF SE
Royal DSM N.V.
Eastman Chemical Corporation
Conren Limited
Gellner Industrial LLC
AllCoat Technology Inc.
“*” marked represents similar segmentation in other categories in the respective section.

1. Research Objective and Assumption: Research Objectives; Assumptions; Abbreviations
2. Market Purview: Report Description; Market Definition and Scope; Executive Summary; Market Snippet By Product Form; Market Snippet By Molecular Weight; Market Snippet By Application; Market Snippet By End-use Industry; Market Snippet By Region; Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis: Market Dynamics; Drivers; Supply Side Drivers; Demand Side Drivers; Economic Drivers; Restraints; Market Opportunities; Regulatory Scenario; Industry Trend; Merger and Acquisitions; Promotion and Marketing Initiatives; Cost Tier Down Analysis
4. Global Waterborne Epoxy Resins Market, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg): Introduction; Market Share Analysis, 2022 and 2028 (%); Y-o-Y Growth Analysis, 2017 - 2028; Segment Trends; Liquid; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Semi-Solid; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Solid; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg)
5. Global Waterborne Epoxy Resins Market, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg): Introduction; Market Share Analysis, 2022 and 2028 (%); Y-o-Y Growth Analysis, 2017 - 2028; Segment Trends; Low Molecular Weight; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); High Molecular Weight; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg)
6. Global Waterborne Epoxy Resins Market, By Application, 2017 - 2028 (US$ Mn and Mn Kg): Introduction; Market Share Analysis, 2022 and 2028 (%); Y-o-Y Growth Analysis, 2017 - 2028; Segment Trends; Adhesives; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Tie Coats; Laminates; Others; Coatings; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Top Coats; Self-Levelling Coats; Floor Primer; Others; Composites; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Others; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg)
7. Global Waterborne Epoxy Resins Market, By End-use Industry, 2017 - 2028 (US$ Mn and Mn Kg): Introduction; Market Share Analysis, 2022 and 2028 (%); Y-o-Y Growth Analysis, 2017 - 2028; Segment Trends; Construction; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Automotive; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Textiles; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Packaging; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg); Others; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn and Mn Kg)
8. Global Waterborne Epoxy Resins Market, By Region, 2017 - 2028 (US$ Mn and Mn Kg): Introduction; Market Share Analysis, By Region, 2022 and 2028 (%); Y-o-Y Growth Analysis, For Regions, 2017 - 2028; North America; Market Share Analysis, By Country, 2022 and 2028 (%); Y-o-Y Growth Analysis, By Country, 2017 - 2028; U.S.; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Canada; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Latin America; Market Share Analysis, By Country, 2022 and 2028 (%); Y-o-Y Growth Analysis, By Country, 2017 - 2028; Mexico; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Brazil; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Argentina; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Rest of Latin America; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Europe; Market Share Analysis, By Country, 2022 and 2028 (%); Y-o-Y Growth Analysis, By Country, 2017 - 2028; U.K.; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Germany; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Italy; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); France; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Russia; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Spain; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Rest of Europe; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Asia Pacific; Market Share Analysis, By Country, 2022 and 2028 (%); Y-o-Y Growth Analysis, By Country, 2017 - 2028; China; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); India; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Japan; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); ASEAN; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Australia; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); South Korea; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Rest of Asia Pacific; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Middle East; Market Share Analysis, By Country, 2022 and 2028 (%); Y-o-Y Growth Analysis, By Country, 2017 - 2028; GCC; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Israel; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Rest of Middle East; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Africa; Market Share Analysis, By Country/Region, 2022 and 2028 (%); Y-o-Y Growth Analysis, By Country/Region, 2017 - 2028; Northern Africa; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); Central Africa; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg); South Africa; Country Trends; Market Size and Forecast, By Product Form, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Molecular Weight, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn and Mn Kg); Market Size and Forecast, By End-Use Industry, 2017 - 2028 (US$ Mn and Mn Kg)
9. Competitive Landscape: Heat Map Analysis; Market Share Analysis (3x3 Matrix); Company Profiles; Hexion Inc.; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Dow Chemical Company; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Aditya Birla Chemicals Co. Ltd.; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Huntsman Corporation; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; BASF SE; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Royal DSM N.V.; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Eastman Chemical Corporation; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Conren Limited; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Gellner Industrial LLC; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; AllCoat Technology Inc.; Company Overview; Product Form Portfolio; Financial Performance; Recent Developments/Updates; Future Plans; Analyst Views
10. Section: References; Research Methodology; About us and Sales Contact; *Browse 286 market data tables and 110 figures on "Waterborne Epoxy Resins Market - Global forecast to 2028”.