Water-Based Resins Market was valued at US$ 45.27 Bn. in 2023 and is expected to reach US$ 65.85 Bn. by 2030, at a CAGR of 5.5% during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding water-based resins market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in water-based resins market.To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Water-Based resins are usually found in coatings, such as water-borne coatings, water reducible coatings consisting of latex products and the synthetic polymer based products. They are easily dissolve in water as they undergo polymerization and poly-condensation reactions as can be used in conventional application techniques and by spraying. This yields an outstanding surface finish and protection.
Water-Based Resins Market Dynamics
The demand of the water-based resins market can be attributed to the increasing growth of the paints and coatings and adhesives and sealants applications. Governments of various economies have stringent regulations for permissible amounts of Volatile organic compounds (VOCs). This has affected a reduction in the use of solvent-based technology and promoted the use of water-based technology. Therefore growth in urbanization and stringent environment restrictions on the use of VOCs is likely to boost the growth and demand of the market during the forecasted period. Increasing shift toward environmentally-friendly products and increasing demand for composites are the major drivers of the water-based resin market. The benefits for using water based resins in polymer industry are they improved adhesion to non-porous surfaces, excellent finish, superior hardness, longer storage stability and improved flow and solubility. The more cost and low performance of water-based resins are the restraining factor of the water based resin market. The advancements in innovative technology have allowed the coating industry to produce more environmentally friendly and toxic-free coating like our Ecodur, it is a solvent and toxic-free and has superior adhesion properties and high chemical resistance.Water-Based Resins Market Segment Analysis
Based on type, Acrylic resins are the most varied resin type. They are used in adhesives & sealants applications extensively. The demand for water-based acrylic resins increased as they offer better chemical and physical resistance ensuring a longer lifespan of the material they are applied to. Water-based acrylic resins are anticipated to completely replace solvent-based acrylic resins soon in the paints & coatings application owing to environmental regulations regarding the VOC emissions. Based on end-use industry, water based resins are widely used in the paints & coatings industries. Coatings is the dominant application accounts more than 50% of market share. Coatings demand has been mostly because of growing construction industry in Asia Pacific nation like China and India which are providing opportunities for the water resins market. Asia-Pacific holds a largest share of the global water-based resins market in 2023 due to rapid urbanization and expanding population in the region. Increasing construction activities and major companies from other region shifting their production centers to Asia-Pacific are also expected to fuel market growth in the region.Water-Based Resins Market Regional Analysis
North America is another major market for water-based resins due to the technological advancements in the paints and coatings industry & stringent environmental regulations for the use of zero-emission coatings in the region. The increasing demand for the product in architectural coatings is anticipated to drive the growth of the regional market.Water-Based Resins Market Scope: Inquire before buying
Water-Based Resins Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 45.27 Bn. Forecast Period 2024 to 2030 CAGR: 5.5% Market Size in 2030: US $ 65.85 Bn. Segments Covered: by Type Acrylic Epoxy Polyurethane Alkyd Others by Application Paints & Coatings Adhesives & Sealants Inks Others Water-Based Resins Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Water-Based Resins Market Key Players are:
1. BASF 2. DowDuPont 3. Allnex Group 4. The Lubrizol Corporation 5. Royal DSM N.V. 6. Hexion 7. Arkema 8. DIC Corporation 9. Covestro AG 10.Adeka Corporation 11.Belike 12.Grupo Synthesia 13.Olin Corporation 14.Bond Polymers International 15.Celanese Corporation 16.Elantas 17.Hexion Frequently Asked Questions: 1. Which region has the largest share in Global Water-Based Resins Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Water-Based Resins Market? Ans: The Global Water-Based Resins Market is growing at a CAGR of 5.5% during forecasting period 2024-2030 3. What is scope of the Global Water-Based Resins market report? Ans: Global Water-Based Resins Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Water-Based Resins market? Ans: The important key players in the Global Water-Based Resins Market are – BASF, DowDuPont, Allnex Group, The Lubrizol Corporation, Royal DSM N.V., Hexion, Arkema, DIC Corporation, Covestro AG, Adeka Corporation, Belike, Grupo Synthesia, Olin Corporation, Bond Polymers International, Celanese Corporation, Elantas, and Hexion 5. What is the study period of this market? Ans: The Global Water-Based Resins Market is studied from 2023 to 2030
1. Water-Based Resins Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Water-Based Resins Market: Dynamics 2.1. Water-Based Resins Market Trends by Region 2.1.1. North America Water-Based Resins Market Trends 2.1.2. Europe Water-Based Resins Market Trends 2.1.3. Asia Pacific Water-Based Resins Market Trends 2.1.4. Middle East and Africa Water-Based Resins Market Trends 2.1.5. South America Water-Based Resins Market Trends 2.2. Water-Based Resins Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Water-Based Resins Market Drivers 2.2.1.2. North America Water-Based Resins Market Restraints 2.2.1.3. North America Water-Based Resins Market Opportunities 2.2.1.4. North America Water-Based Resins Market Challenges 2.2.2. Europe 2.2.2.1. Europe Water-Based Resins Market Drivers 2.2.2.2. Europe Water-Based Resins Market Restraints 2.2.2.3. Europe Water-Based Resins Market Opportunities 2.2.2.4. Europe Water-Based Resins Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Water-Based Resins Market Drivers 2.2.3.2. Asia Pacific Water-Based Resins Market Restraints 2.2.3.3. Asia Pacific Water-Based Resins Market Opportunities 2.2.3.4. Asia Pacific Water-Based Resins Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Water-Based Resins Market Drivers 2.2.4.2. Middle East and Africa Water-Based Resins Market Restraints 2.2.4.3. Middle East and Africa Water-Based Resins Market Opportunities 2.2.4.4. Middle East and Africa Water-Based Resins Market Challenges 2.2.5. South America 2.2.5.1. South America Water-Based Resins Market Drivers 2.2.5.2. South America Water-Based Resins Market Restraints 2.2.5.3. South America Water-Based Resins Market Opportunities 2.2.5.4. South America Water-Based Resins Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Water-Based Resins Industry 2.8. Analysis of Government Schemes and Initiatives For Water-Based Resins Industry 2.9. Water-Based Resins Market Trade Analysis 2.10. The Global Pandemic Impact on Water-Based Resins Market 3. Water-Based Resins Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Water-Based Resins Market Size and Forecast, by Type (2023-2030) 3.1.1. Acrylic 3.1.2. Epoxy 3.1.3. Polyurethane 3.1.4. Alkyd 3.1.5. Others 3.2. Water-Based Resins Market Size and Forecast, by Application (2023-2030) 3.2.1. Paints & Coatings 3.2.2. Adhesives & Sealants 3.2.3. Inks 3.2.4. Others 3.3. Water-Based Resins Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Water-Based Resins Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Water-Based Resins Market Size and Forecast, by Type (2023-2030) 4.1.1. Acrylic 4.1.2. Epoxy 4.1.3. Polyurethane 4.1.4. Alkyd 4.1.5. Others 4.2. North America Water-Based Resins Market Size and Forecast, by Application (2023-2030) 4.2.1. Paints & Coatings 4.2.2. Adhesives & Sealants 4.2.3. Inks 4.2.4. Others 4.3. North America Water-Based Resins Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Water-Based Resins Market Size and Forecast, by Type (2023-2030) 4.3.1.1.1. Acrylic 4.3.1.1.2. Epoxy 4.3.1.1.3. Polyurethane 4.3.1.1.4. Alkyd 4.3.1.1.5. Others 4.3.1.2. United States Water-Based Resins Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Paints & Coatings 4.3.1.2.2. Adhesives & Sealants 4.3.1.2.3. Inks 4.3.1.2.4. Others 4.3.2. Canada 4.3.2.1. Canada Water-Based Resins Market Size and Forecast, by Type (2023-2030) 4.3.2.1.1. Acrylic 4.3.2.1.2. Epoxy 4.3.2.1.3. Polyurethane 4.3.2.1.4. Alkyd 4.3.2.1.5. Others 4.3.2.2. Canada Water-Based Resins Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Paints & Coatings 4.3.2.2.2. Adhesives & Sealants 4.3.2.2.3. Inks 4.3.2.2.4. Others 4.3.3. Mexico 4.3.3.1. Mexico Water-Based Resins Market Size and Forecast, by Type (2023-2030) 4.3.3.1.1. Acrylic 4.3.3.1.2. Epoxy 4.3.3.1.3. Polyurethane 4.3.3.1.4. Alkyd 4.3.3.1.5. Others 4.3.3.2. Mexico Water-Based Resins Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Paints & Coatings 4.3.3.2.2. Adhesives & Sealants 4.3.3.2.3. Inks 4.3.3.2.4. Others 5. Europe Water-Based Resins Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.2. Europe Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3. Europe Water-Based Resins Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.1.2. United Kingdom Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.2.2. France Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.3.2. Germany Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.4.2. Italy Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.5.2. Spain Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.6.2. Sweden Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.7.2. Austria Water-Based Resins Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Water-Based Resins Market Size and Forecast, by Type (2023-2030) 5.3.8.2. Rest of Europe Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Water-Based Resins Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Water-Based Resins Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.1.2. China Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.2.2. S Korea Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Japan Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.4.2. India Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Australia Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Indonesia Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Malaysia Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Vietnam Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.9.2. Taiwan Water-Based Resins Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Water-Based Resins Market Size and Forecast, by Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Water-Based Resins Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Water-Based Resins Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Water-Based Resins Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Water-Based Resins Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Water-Based Resins Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Water-Based Resins Market Size and Forecast, by Type (2023-2030) 7.3.1.2. South Africa Water-Based Resins Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Water-Based Resins Market Size and Forecast, by Type (2023-2030) 7.3.2.2. GCC Water-Based Resins Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Water-Based Resins Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Nigeria Water-Based Resins Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Water-Based Resins Market Size and Forecast, by Type (2023-2030) 7.3.4.2. Rest of ME&A Water-Based Resins Market Size and Forecast, by Application (2023-2030) 8. South America Water-Based Resins Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Water-Based Resins Market Size and Forecast, by Type (2023-2030) 8.2. South America Water-Based Resins Market Size and Forecast, by Application (2023-2030) 8.3. South America Water-Based Resins Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Water-Based Resins Market Size and Forecast, by Type (2023-2030) 8.3.1.2. Brazil Water-Based Resins Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Water-Based Resins Market Size and Forecast, by Type (2023-2030) 8.3.2.2. Argentina Water-Based Resins Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Water-Based Resins Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest Of South America Water-Based Resins Market Size and Forecast, by Application (2023-2030) 9. Global Water-Based Resins Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Water-Based Resins Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. BASF 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. DowDuPont 10.3. Allnex Group 10.4. The Lubrizol Corporation 10.5. Royal DSM N.V. 10.6. Hexion 10.7. Arkema 10.8. DIC Corporation 10.9. Covestro AG 10.10. Adeka Corporation 10.11. Belike 10.12. Grupo Synthesia 10.13. Olin Corporation 10.14. Bond Polymers International 10.15. Celanese Corporation 10.16. Elantas 10.17. Hexion 11. Key Findings 12. Industry Recommendations 13. Water-Based Resins Market: Research Methodology 14. Terms and Glossary