Water-Based Resins Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Acrylic Resin, Alkyd Resin, Epoxy Resin, Polyurethanes, And Others), By Application (Adhesives And Sealants, Inks, Paints & Coatings, And Others), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061611625 Pages: 126

The water-based resins market is projected to grow at a CAGR of 6.88% to reach a market size of US$39,261.054 million in 2024 from US$26,339.723 million in 2018.

Water-based resins are the prime constituent of latex-based paints or any water-reducible coatings or paints as they completely dissolve in water and other solvents. These resins are gaining traction in the coating industry as compared with their solvent-based counterparts due to continued technological advancement. The increasing propensity towards eco-friendly products and regulations such as VOC (Volatile Organic Compounds) regulations, regulations related to worker safety/exposure, and other environmental concerns are driving the demand for water-based resins. Stringent government regulations to control air pollution and improve the quality of air are increasing the demand for high-solid, solvent-less and waterborne technologies boosting the water-based resins market growth.

By type, the acrylic resins segment is expected to have a significant market share and is also projected to witness rapid growth on account of its versatility. The market of adhesives and sealants segment is expected to witness growth owing to increasing construction activities. Growth in the furniture and fitting sector is also boosting the growth of the segment.

By application, the paint and coating segment is expected to have a significant market share owing to increasing construction activities in emerging economies. The surging automobile industry is also propelling the growth of the paint and coatings segment. The inked segment is also expected to grow owing to its increasing applications.

Geographically, the Asia Pacific region is expected to have a significant market share of the global water-based resins market share. The market share is projected owing to the growth in the environmental concerns along with the increasing preference for environment-friendly methods and the growing number of end-users in the region. China holds a significant market share of water-based resins in the Asia Pacific region on account of stringent government regulations. 

Major industry players profiled as part of the report are BASF SE, DIC Corporation, allnex Group, Aditya Birla Chemicals, ADEKA CORPORATION, Huntsman International LLC, Arkema, Hexion, Inc., Lubrizol Corporation, and DSM.

Water-Based Resins Market Scope:

Report Metric Details
 Market size value in 2018  US$26,339.723 million
 Market size value in 2024  US$39,261.054 million
 Growth Rate  CAGR of 6.88% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered BASF SE, DIC Corporation, ALLNEX NETHERLANDS B.V., Aditya Birla Group, ADEKA CORPORATION, Huntsman International LLC, Arkema, Hexion Inc., The Lubrizol Corporation, DSM
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type 
    • Acrylic Resin
    • Alkyd Resin
    • Epoxy Resin
    • Polyurethanes
    • Others
  • By Application
    • Adhesives and Sealants
    • Inks
    • Paints & Coatings
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the water-based resins market size by 2024?
A1. The water-Based Resins market size is expected to be valued at US$39,261.054 million in 2024.


Q2. What is the size of the water-based resins market?
A2. The water-based resins market was valued at US$26,339.723 million in 2018.


Q3. What are the growth prospects for the water-based resins market?
A3. The water-based resins market is expected to grow at a CAGR of 6.88% from 2019 to 2024.


Q4. Which region holds the maximum market share of the water-based resins market?
A4. The Asia Pacific region is expected to have a significant market share of the global water-based resins market.


Q5. What factors are anticipated to drive the water-based resins market growth?
A5. Stringent government regulations to control air pollution and improve the quality of air are increasing the demand for high-solid, solvent-less and waterborne technologies boosting the water-based resins market growth.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6.  Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. WATER-BASED RESINS MARKET BY TYPE
5.1. Acrylic Resin
5.2. Alkyd Resin
5.3. Epoxy Resin
5.4. Polyurethanes
5.5. Others
 
6. WATER-BASED RESINS MARKET BY APPLICATION
6.1. Adhesives and Sealants
6.2. Inks
6.3. Paints & Coatings
6.4. Others
 
7. WATER-BASED RESINS MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
 
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
 
9. COMPANY PROFILES
9.1. BASF SE
9.2. DIC Corporation
9.3. ALLNEX NETHERLANDS B.V.
9.4. Aditya Birla Group
9.5. ADEKA CORPORATION
9.6. Huntsman International LLC
9.7. Arkema
9.8. Hexion Inc.
9.9. The Lubrizol Corporation
9.10. DSM
 

BASF SE

DIC Corporation

ALLNEX NETHERLANDS B.V.

Aditya Birla Group

ADEKA CORPORATION

Huntsman International LLC

Arkema

Hexion Inc.

The Lubrizol Corporation

DSM

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