Global Water-Based Resins Market Size, Competitive Analysis, Share, Forecast- 2019-2025

The water-based resins market is projected to grow at a considerable CAGR of around 6% during the forecast period. The global water-based resin market is growing rapidly owing to the increasing application of these chemicals in the construction, packaging and textile industry. The water-based resins are the resins that use water as a solvent to disperse a resin. As this resin uses water as a solvent this resin is environmentally friendly and low in toxicity and flammability. The water-based resins find its applications in various industrial applications such as adhesives, inks, paints, coatings, and so on.

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The stringent government regulations across the globe also play a significant growth factor for the growth of the global water-based resins market. The most common type of water-based resin is acrylic which has a significant impact on various industries which includes adhesives, paints, and coatings. The rising number of industrial applications of water-based resins in paints, coatings, paper, and textile tends to drive the market share of water-based resins market. Water-based resins paintings and coatings are flame resistant which provides safety to the structure to which it has been applied.

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Growing manufacturers and consumer awareness with regard to the adverse effects of volatile organic compound (VOC) emissions present in most solvent-based products along with the government stringent regulations towards effects of VOC on the environment has led to the increasing demand for the water-based resins, which in turn driving the water-based resin market. The high cost of the water-based resins and comparatively lower performance of these resins in comparison to the solvent-based resins is one of the key factors that may restrain the growth of the water-based resin market

Market Segmentation

Global Water-Based Resins Market by Type

  • Acrylic
  • Epoxy
  • Polyurethane
  • Alkyd
  • Others

Global Water-Based Resins Market by Application

  • Paints & Coatings
  • Adhesive & Sealants
  • Ink
  • Others

Regional Analysis

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • Rest of Asia-Pacific

Rest of the World

Company Profiles

  • Alfa Adhesives, Inc.
  • ALLNEX Netherlands B.V.
  • Arkema Group
  • BASF SE
  • Celanese Corp.
  • Covestro AG
  • DIC Corp.
  • Eastman Chemical Co.
  • Gellner Industrial, LLC
  • Henkel AG & Company, KGaA
  • Hexion Specialty Chemicals, Inc.
  • Kraton Corp.
  • Lanxess AG
  • OMNOVA Solutions, Inc.
  • Organic Dyes & Pigments LLC
  • Reichhold, LLC
  • Solvay S.A.
  • Specialty Polymers, Inc.
  • The Dow Chemical Co.
  • The Lubrizol Corp. (A Division of Berkshire Hathaway)

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