Water-Based Resins Market Research Report – Forecast to 2030

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) and Region - Forecast till 2030

ID: MRFR/CnM/4896-HCR | August 2022 | Region: Global | 140 Pages         

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

Water-Based Resins Market

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.

Segmentation

By Type Acrylic Resin Epoxy Ester Resin Saturated Polyester Resin Epoxy Resin Polyurethane Resin Alkyd
By Application Paints & Coatings Adhesives & Sealants Inks Leather

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)
  • KITO Chemical Co. Ltd (China)

Drivers

  • Rapid urbanization
  • 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
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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 (%)


Water-Based Resins Market Share


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 Scope:
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.


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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.