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
Global Water-Based Resins Market by Type
Global Water-Based Resins Market by Application
- Paints & Coatings
- Adhesive & Sealants
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
- 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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