The Water-based resins market is projected to grow at a CAGR of 7.03% over the forecast period of 2017-2023. 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 coating industry as compared with their solvent-based counterparts through continued technological advancement. 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.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the water-based resins value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the water-based resins resin market.
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, Lubrizol Corporation, and DSM.
The water-based resins market has been analyzed through following segments:
Saturated Polyester Resin
Adhesives and Sealants
Paints & Coatings
Middle East and Africa