Water-Based Resins Market Research Report Information by Type (Acrylic Resin, Epoxy Ester Resin, Saturated Polyester Resin, Epoxy Resin, Polyurethane Resin, Alkyd), Application (Paints & Coatings, Adhesives & Sealants, Inks, Leather) and Region - Forecast till 2032

Global Water-Based Resins Market Overview 

The water-based resins market is estimated at USD 38.89 billion in 2021 and is projected to reach USD 52.69 billion by 2028, at a CAGR of 6.9% from 2022 to 2028. Water-based resins are viscous liquids with low volatility that are used in coatings to prevent corrosion and extend product life. When used in exterior and interior walls, wood, or industrial paints, these resins give quick-drying, outstanding pigmentation, and superb sheen. Water-based acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, and polyurethane resin are all examples of water-based resins. These are employed in stain-blocking primers, corrosion-prevention coatings, construction sealants, and impact-resistant wood and concrete flooring coatings, among other things. Water-based resins are also used as binders in texture and paper coatings, as well as cement mortar and paints. The water-Based Resins Market Increase is predicted to be fueled by significant growth in the building industry as a result of rising population and increasing industrialization. In the years ahead, rapid urbanization and strong environmental limitations on the use of volatile organic compounds are likely to enhance the demand for water-based resins. When opposed to solvent-based resins, water-based resins contain far fewer volatile chemicals, making them more environmentally friendly. During the study period, the usage of these resins as coatings in wood finishes, cement, pavements and infrastructure, paper, and textiles and fibers, among other applications, is expected to drive market expansion. Water-Based Resins Market Expansion is predicted to be driven by significant growth in the building industry due to expanding population and rapid industrialization in the future years. Furthermore, the usage of these resins in paint applications gives the paint a better sheen, color retention, and long life, enhancing demand for the product.

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

Source: MRFR analysis

Regional Analysis

The 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 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 for Water-Based Resins Market 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 Water-Based Resins Market in the Middle East & Africa is expected to witness significant growth owing to infrastructure development in the region.

Market Segmentation

The Water-Based Resins Market has been categorized by Type, Application, and Region.

By Type, the 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 Water-Based Resins Market has been segregated into paints and coatings, adhesives and sealants, inks, leather, and others.

The 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 Water-Based Resins Market.

Recent Development

BASF SE extended its water-based resins production facility in Heerenveen, the Netherlands, in March 2018. The company hopes to strengthen its position as a leading manufacturer of water-based resins with this investment. The market's largest player is Covestro AG (Germany), and players are using strategies such as new product development, expansions, agreements, and mergers and acquisitions to stay ahead of the competition.

Intended Audience

• Water-based resins manufacturers


• Traders and distributors of water-based resins


• Research and development institutes


• Potential investors


• Raw material suppliers


• Nationalized laboratories

Report Attribute/Metric	Details
Market Size	2030: Significant value
CAGR	2022–2030: Substantial CAGR
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application, and Region
Geographies Covered	Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Key Vendors	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)
Key Market Opportunities	Water-based resins contain very low quantities of volatile compounds as compared to solvent-based resins, thus making them environmentally friendly.
Key Market Drivers	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.