The global demand for Water-based Resins Market is presumed to reach the market size of nearly USD 59.71 BN by 2030 from USD 55.65 BN in 2022 with a CAGR of 7.30% under the study period 2023 - 2030.
Water-based resins is a type of resin that is dissolved in water instead of solvents. It is a low-VOC (volatile organic compounds) alternative to solvent-based resins and is often used as a coating or adhesive in various industries. It is typically made from natural or synthetic polymers that are dispersed in water using emulsifiers. The resulting mixture is a milky liquid that can be easily applied to surfaces using brushes, rollers, or spray equipment. Once applied, the water evaporates, and the resin cures to form a hard and durable coating or adhesive.
Water-based resins, which have lower VOC emissions and are made from renewable resources, are a popular choice among consumers and manufacturers alike. With the surging demand for residential and commercial buildings, the construction industry emerges as a significant consumer of resins, employing them extensively as coatings for diverse surfaces. As the need for new constructions continues to escalate, there is a corresponding projection of increased demand for resins within the construction sector. Water-based resins are widely used in the packaging industry as adhesives for bonding paper and cardboard. These resins are also used as coatings for various automotive parts, including metal, plastic, and composites. Many governments around the world have introduced regulations to limit the use of solvent-based products and promote the use of eco-friendly alternatives. These regulations are expected to drive the demand for water-based resins in various industries.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Water-based Resins. The growth and trends of Water-based Resins industry provide a holistic approach to this study.
This section of the water-based resins market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Paints & Coatings
- Adhesives & Sealants
This section covers the regional outlook, which accentuates current and future demand for the Water-based Resins market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Water-based Resins Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the water-based resins market include BASF (Germany), DowDuPont (US), Allnex Group (Germany), The Lubrizol Corporation (US), Royal DSM N.V. (Netherlands), Hexion (US), Arkema (France), DIC Corporation (Japan), and Covestro AG (Germany). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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