Water-Based Resins Market Research Report – Forecast to 2027

Global Water-Based Resins Market: Information by Type (Acrylic Resin, Epoxy Ester Resin, Saturated Polyester Resin, Epoxy Resin, Polyurethane Resin, Alkyd), Application (Paints & Coatings, Adhesives & Sealants, Inks, Leather), & Region— Forecast till 2027

ID: MRFR/CnM/4896-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Water-based resins are low volatile viscous liquids used in coatings to prevent corrosion and increase product life. These resins provide fast drying, good pigmentation, and excellent shine when used in exterior and interior wall, wood, or industrial paints. The different types of water-based resins include water-based acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, and polyurethane resin. These are used in stain blocking primers, as coatings to prevent corrosion, as sealants in the construction industry, and in impact-resistant wood and concrete flooring coatings. Furthermore, water-based resins find application as binders for texture and paper coatings, cement mortar, and paints.   


Rapid urbanization and stringent environmental restrictions on the use of volatile organic compounds is expected to boost the demand for water-based resins in the years to follow. Water-based resins contain very low quantities of volatile compounds as compared to solvent-based resins, thus making them environmentally friendly. The use of these resins as coatings in wood finishes, cement, pavements and infrastructure, paper, and textiles and fibers, among others is likely to propel market growth during the review period. The significant growth of the construction industry due to expanding population and rapid industrialization is expected to drive market growth in the coming years. In addition, the use of these resins in paint applications provides superior gloss, color retention, and long life to the paint, thus increasing the demand for the product.


The prominent players operating in this market are adopting various business strategies such as R&D, product launches, expansions, and joint ventures to gain significant market shares. In March 2018, BASF SE expanded its production facilities for water-based resins in Heerenveen in the Netherlands. With this investment, the company aims at reinforcing its position as a leading manufacturer of water-based resins.


Global Water-Based Resins Market Share, by Application, 2017 (%)


Water-Based Resins Market Share


Source: MRFR analysis


Regional Analysis


The global water-based resins market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the global water-based resins market in 2017 owing to rapid urbanization and expanding population in the region. Increasing construction activities and major companies shifting their production centers to Asia-Pacific are also likely to fuel market growth in the region.


North America is another significant market for water-based resins due to the technological advancements in the paints and coatings industry and stringent environmental regulations for the use of zero-emission coatings in the region. The increasing demand for the product in architectural coatings is expected to drive the growth of the regional market.


The renovation of existing infrastructure in major economies such as Russia, France, and Germany is projected to provide lucrative opportunities to players in the European market during the review period. The market in the Middle East & Africa is expected to witness significant growth owing to infrastructure development in the region.


Market Segmentation


The global water-based resins market has been categorized by type, application, and region.


By type, the global water-based resins market has been divided into acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, polyurethane resin, alkyd resin, and others.


Based on application, the global water-based resins market has been segregated into paints and coatings, adhesives and sealants, inks, leather, and others.


The global water-based resins market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


BASF SE (Germany), Lawter Inc. (US), DowDuPont (US), Allnex Group (Germany), the Lubrizol Corporation (US), Hexion (US), Royal DSM NV (Netherlands), DIC Corporation (Japan), Arkema (France), BELIKE Chemical (China), Vil Resins (UK), Arakawa Chemical Industries Ltd (Japan), and KITO Chemical Co. Ltd (China) are some of the key players in the global water-based resins market.


Intended Audience



  • Water-based resins manufacturers

  • Traders and distributors of water-based resins

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


Rapid industrialization and environmental restrictions would drive global market growth.

The Asia Pacific market would dominate the global dynamics.

Hike in the inclusion of technologies in the paints and coatings industries and strict environmental laws to promote the water-based resins market growth.

Construction industry and renovation projects to inspire the European market.

The report includes segments like adhesives & sealants, inks, leather, paints & coatings, and others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Water-Based Resins Market

5 Industry Overview of Global Water-Based Resins Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Water-Based Resins Market, by Type

7.1 Introduction

7.2 Acrylic Resin

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast by Region, 2020–2027

7.3 Epoxy Ester Resin

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.4 Saturated Polyester Resin

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.5 Epoxy Resin

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast by Region, 2020–2027

7.6 Polyurethane Resin

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast by Region, 2020–2027

7.7 Alkyd Resin

7.7.1 Market Estimates & Forecast, 2020–2027

7.7.2 Market Estimates & Forecast by Region, 2020–2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020–2027

7.8.2 Market Estimates & Forecast by Region, 2020–2027

8. Global Water-Based Resins Market, by Application

8.1 Introduction

8.2 Paints & Coatings

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast by Region, 2020–2027

8.3 Adhesives & Sealants

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast by Region, 2020–2027

8.4 Inks

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast by Region, 2020–2027

8.5 Leather

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast by Region, 2020–2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast by Region, 2020–2027

9. Global Water-Based Resins Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast by Type, 2020–2027

9.2.3 Market Estimates & Forecast by Application, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast by Type, 2020–2027

9.2.4.3 Market Estimates & Forecast by Application, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast by Type, 2020–2027

9.2.5.3 Market Estimates & Forecast by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast by Type, 2020–2027

9.3.3 Market Estimates & Forecast by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast by Type, 2020–2027

9.3.4.3 Market Estimates & Forecast by Application, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast by Type, 2020–2027

9.3.5.2 Market Estimates & Forecast by Application, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast by Type, 2020–2027

9.3.6.2 Market Estimates & Forecast by Application, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast by Type, 2020–2027

9.3.7.2 Market Estimates & Forecast by Application, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast by Type, 2020–2027

9.3.8.3 Market Estimates & Forecast by Application, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast by Type, 2020–2027

9.3.9.3 Market Estimates & Forecast by Application, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast by Type, 2020–2027

9.3.10.3 Market Estimates & Forecast by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast by Type, 2020–2027

9.4.3 Market Estimates & Forecast by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast by Application, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast by Application, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast by Type, 2020–2027

9.4.6.3 Market Estimates & Forecast by Application, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast by Type, 2020–2027

9.4.7.3 Market Estimates & Forecast by Application, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast by Type, 2020–2027

9.4.8.3 Market Estimates & Forecast by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast by Type, 2020–2027

9.4.9.2 Market Estimates & Forecast by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast by Type, 2020–2027

9.5.3 Market Estimates & Forecast by Application, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast by Type, 2020–2027

9.5.4.3 Market Estimates & Forecast by Application, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast by Type, 2020–2027

9.5.5.3 Market Estimates & Forecast by Application, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast by Type, 2020–2027

9.5.6.3 Market Estimates & Forecast by Application, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast by Type, 2020–2027

9.5.7.3 Market Estimates & Forecast by Application, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast by Type, 2020–2027

9.5.8.3 Market Estimates & Forecast by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast by Type, 2020–2027

9.6.3 Market Estimates & Forecast by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast by Type, 2020–2027

9.6.4.3 Market Estimates & Forecast by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast by Type, 2020–2027

9.6.5.3 Market Estimates & Forecast by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast by Type, 2020–2027

9.6.6.3 Market Estimates & Forecast by Application, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast by Type, 2020–2027

9.6.7.3 Market Estimates & Forecast by Application, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Lawter Inc.

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 DowDuPont

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Allnex Group

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 The Lubrizol Corporation

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Hexion

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Royal DSM NV

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 DIC Corporation

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Arkema

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 BELIKE Chemical

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Vil Resins

11.11.1 Company Overview

11.11.2 Type/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Arakawa Chemical Industries Ltd

11.12.1 Company Overview

11.12.2 Type/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

11.13 KITO Chemical Co. Ltd

11.13.1 Company Overview

11.13.2 Type/Business Segment Overview

11.13.3 Financial Updates

11.13.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 Water-Based Resins Market, by Region, 2020–2027

Table 2 North America: Water-Based Resins Market, by Country, 2020–2027

Table 3 Europe: Water-Based Resins Market, by Country, 2020–2027

Table 4 Asia-Pacific: Water-Based Resins Market, by Country, 2020–2027

Table 5 Middle East & Africa: Water-Based Resins Market, by Country, 2020–2027

Table 6 Latin America: Water-Based Resins Market, by Country, 2020–2027

Table 7 Water-Based Resins Type Market, by Region, 2020–2027

Table 8 North America: Water-Based Resins Type Market, by Country, 2020–2027

Table 90 Europe: Water-Based Resins Type Market, by Country, 2020–2027

Table 10 Asia-Pacific: Water-Based Resins Type Market, by Country, 2020–2027

Table 11 Middle East & Africa: Water-Based Resins Type Market, by Country, 2020–2027

Table 12 Latin America: Water-Based Resins Type Market, by Country, 2020–2027

Table 13 Water-Based Resins Application Market, by Region, 2020–2027

Table 14 North America: Water-Based Resins Application Market, by Country, 2020–2027

Table 15 Europe: Water-Based Resins Application Market, by Country, 2020–2027

Table 16 Asia-Pacific: Water-Based Resins Application Market, by Country, 2020–2027

Table 17 Middle East & Africa: Water-Based Resins Application Market, by Country, 2020–2027

Table 18 Latin America: Water-Based Resins Application Market, by Country, 2020–2027

Table 19 Global Type Market, by Region, 2020–2027

Table 20 Global Application Market, by Region, 2020–2027

Table 21 North America: Water-Based Resins Market, by Country, 2020–2027

Table 22 North America: Water-Based Resins Market, by Type, 2020–2027

Table 23 North America: Water-Based Resins Market, by Application, 2020–2027

Table 24 Europe: Water-Based Resins Market, by Country, 2020–2027

Table 25 Europe: Water-Based Resins Market, by Type, 2020–2027

Table 26 Europe: Water-Based Resins Market, by Application, 2020–2027

Table 27 Asia-Pacific: Water-Based Resins Market, by Country, 2020–2027

Table 28 Asia-Pacific: Water-Based Resins Market, by Type, 2020–2027

Table 29 Asia-Pacific: Water-Based Resins Market, by Application, 2020–2027

Table 30 Middle East & Africa: Water-Based Resins Market, by Country, 2020–2027

Table 31 Middle East & Africa: Water-Based Resins Market, by Type, 2020–2027

Table 32 Middle East & Africa: Water-Based Resins Market, by Application, 2020–2027

Table 33 Latin America: Water-Based Resins Market, by Country, 2020–2027

Table 34 Latin America: Water-Based Resins Market, by Type, 2020–2027

Table 35 Latin America: Water-Based Resins Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Water-Based Resins Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Water-Based Resins Market

FIGURE 4 Value Chain/ Supply Chain of Water-Based Resins Market

FIGURE 5 Share of Water-Based Resins Market, by Country, 2020 (%)

FIGURE 6 Water-Based Resins Market, 2020–2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Water-Based Resins Market Size, by Type, 2020

FIGURE 9 Share of Water-Based Resins Market, by Type, 2020–2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Water-Based Resins Market Size, by Application, 2020

FIGURE 12 Share of Water-Based Resins Market, by Application, 2020–2027