The report “Water-Based Resins Market” by Type (Acrylic, Epoxy, Polyurethane, Alkyd and Others), by Application (Paints & Coatings, Adhesives & Sealants, Inks and Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is expected to reach US$ 59.58 Bn by 2027, at a CAGR of 5.5 % during a forecast period.
Water-Based Resins are viscous fluids which gives fast drying, gloss, and corrosion resistance in paints and coatings. These resins are mostly used in the building and construction industry for floor, wood, and roof coatings. Additionally, water-based resins find application in the manufacturing of ink, leather, and vehicle coatings, among others. These are also widely used in stain blocking primers, as coatings to prevent corrosion, as sealants in the construction industry, and in impact-resistant wood and concrete flooring coatings.
They dissolve in water as they undergo polymerization and poly-condensation reactions as can be used in conventional application and by spraying. To use a water based coating, a spray application equipment considered for waterborne coatings is required. The spray guns have to be aimed with corrosion resistant materials, such as plastic or stainless steel.
Acrylics resin are rapidly increasing during the forecast period.
Acrylic resins, thermoplastic materials have an array of applications. Increasing market penetration in medical devices and as an alternative to PVC and polyethylene on account of health hazards associated with them has helped in development of overall market.
Acrylic resins used mostly as decorative coatings and do-it-yourself coating primarily in the construction and automotive industry, they are also slated to outshine all other segments in terms of growth rate in the forecast period because of their versatility and durability. Besides, Acrylic resins are used in architectural coatings due to their glossiness and color retentively in outdoor applications. Acrylic resins are also widely used in Pressure Sensitive Adhesive (PSA) manufacturing as it is a common ingredient in latex paint.
Paints & Coatings sector are rapidly increasing during the forecast period.
Water-based acrylic resins are used in paints & coatings and adhesives & sealants applications widely. Owing to demand for water-based resins in paints & coatings application is high, due to the rising environmental regulations to reduce the use of solvent-based technology.
The Water-Based Resins Market in Asia Pacific region is expected to hold the largest share during the forecast period.
The Asia Pacific is anticipated to be the largest market owing to the increasing demand from the building & construction. The region is observing increased growth in industries such as automotive and textile. Asia Pacific was the largest market of water-based resins in 2017.
Key players operating in the water-based resins market are BASF SE, DowDuPont, Allnex Group, The Lubrizol Corporation, Royal DSM N.V., Hexion, Arkema, DIC Corporation and Covestro AG. Key players and manufactures are focusing on entering the new market by producing and launching technically advance and cost-effective products in the market. Production capacity expansion, brand portfolio expansion, mergers, collaborations, joint ventures and acquisitions of innovative businesses is the key trend to foot hold and penetrate market.
Maximize Market Research, a market research firm with a dedicated team of specialists and data has carried out extensive research about water-based resins market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking in product strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the water-based resins market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain water-based resins market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Water-Based Resins Market”
https://www.maximizemarketresearch.com/market-report/global-water-based-resins-market/25008/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908