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Water-based Resins Market – Segmented By Type (Acrylic, Epoxy, Alkyd, Polyurethane, and Others), By End Use Industry (Paints & Coatings, Adhesives & Sealants, Inks, and Others) and Region - Industry Forecast of 2022 to 2027

Published: January, 2022
ID: 10954
Pages: 175
Formats: report pdf report excel report power bi report ppt

Water-based Resins Market Trends (2022-2027):

The water-based resins market is estimated to be worth $ 38.54 billion in 2021 and is projected to reach $ 52.78 billion by 2026, with a CAGR of 6.9% between 2021 and 2026.

Water-based resins are viscous liquids with low volatility that are employed in coatings to prevent corrosion and increase the life of the product. These resins offer fast drying, good pigmentation, and excellent gloss when employed in exterior and interior wall paints, wood, or industrial paints. They have been employed in stain-resistant primers, as coatings to prevent corrosion, as sealants in the construction industry, and in impact-resistant wood and concrete floors. In addition, water-based resins find applications as binders for paper and texture coatings, cement mortars, and paints. The call for water-based resins can be attributed to the escalating expansion of applications of paints and coatings and adhesives and sealants. Governments of various economies have strict regulations for the allowed amounts of volatile organic compounds (VOC). This has had the effect of reducing the use of solvent-based technology and promoting the use of water-based technology. Therefore, the expansion of urbanization and strict environmental restrictions on the use of VOCs are likely to drive the demand for the water-based resins market during the outlook period.

Water-based Resins Market Trends:

In the coatings industry, VOCs (volatile organic compounds) are found in a wide variety of common products, such as solvent-based paints & coatings. These products release VOCs, which are the main causes of air pollution and smog. Therefore, governments have implemented various control measures to improve air quality. Countries like China and the United States have increased regulations on VOCs. In China, the government implemented the Air Pollution Prevention and Control Action Plan in 2015. These policies have had a significant impact in many areas, especially comprehensive VOC control, such as air pollution industries chemicals, packaging, stamping, and coatings. In response, these policies have pushed companies to adopt new technologies, including high-solids, solvent-free, and water-based technologies at unprecedented speed.

Water-based Resins Market Drivers:

Rapid urbanization and strict environmental restrictions on the use of volatile organic compounds are predicted to drive the call for a water-based resin market in the coming years. Water-based resins contain very low amounts of volatile compounds compared to solvent-based resins, making them environmentally friendly. The use of these resins as coatings in wood finishes, cement, flooring, infrastructure, paper, textiles, and fibers, among others, will drive the expansion of the water-based resins market during the period considered. The significant expansion of the construction industry due to population expansion and rapid industrialization is predicted to drive business expansion in the coming years. Additionally, the use of these resins in paint applications provides superior gloss, color retention, and long paint life, promoting industry growth.

Water-based ResinsMarket Restraints:

The high cost and comparatively inferior performance of these resins act as a limitation in the global water-based resins market.

Opportunities in the Water-based Resins Market:

The increasing use of water-based resins due to the ever-escalating shift towards eco-friendly products is a major factor in the expansion of the worldwide water-based resins market. Additionally, the growingcall for water-based resins from the paint and coatings industry is another factor that is estimated to drive the expansion of the target market during the conjecture period. Also, the escalating use of water-based resins in different types of composites is another factor that will likely drive the expansion of the target market during the projection period.

Challenges in the Water-based Resins Market:

The capital cost and fixed cost associated with switching from solvent-based technology to water-based technology is high. Therefore, many small manufacturers in emerging regions continue to use solvent-based resins.




Market Size Available

2021– 2026

Base Year


Forecast Period

2022 - 2027



Segments Covered

  • By Type
  • By End-Use Industry
  • By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America: United States, Mexico, Canada
  • Europe: United Kingdom, Germany, Italy, France
  • Asia Pacific: Australia, Canada, China
  • Latin America: Argentina, Brazil, Chile
  • The Middle East and Africa: Egypt, Iran, Iraq, Israel


Market Leaders Profiled

BASF SE (Germany), Lawter Inc. (US), DowDuPont (US), Allnex Group (Germany), Lubrizol Corporation (US), Hexion (US), Royal DSM NV (Netherlands), DIC Corporation (Japan), Arkema (France), BELIKE Chemical (China),

Water-based Resins Market

Water-based Resins Market Segmentation:

By Type:

  • Acrylic
  • Epoxy
  • Alkyd
  • Polyurethane
  • Others

The acrylic resins segment is predicted to grow at the highest CAGR during the forecast period. The call for water-based acrylic resins is high because they offer better chemical and physical resistance, which guarantees a long useful life of the material to which they are applied. Water-based acrylic resins will soon completely replace solvent-based acrylic resins in the application of paints and coatings due to environmental regulations regarding VOC emissions.

By End-Use Industry:

  • Paints & Coatings
  • Adhesives & Sealants
  • Inks
  • Others

The call for water-based resins in paint and coating applications is high, due to a surge in environmental regulations aimed at reducing the use of solvent-based technology.

Water-based Resins Market Regional Analysis:

The Water-based Resins Market Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

The APAC region is predicted to be the largest market for water-based resins in the world. APAC's water-based resins market is supposed to grow at the highest CAGR between 2021 and 2026. Market expansion in the region can be attributed to the escalating call for water-based resins from the construction industry and the buildings. Asia-Pacific accounted for the majority of the worldwide water-based resins market in 2021 due to rapid urbanization and population expansion in the region. Increasing construction activity and large companies relocating their production centers to Asia-Pacific is also estimated to drive market demand in the area. North America is another important market for water-based resins due to technological advancements in the paint and coatings industry and stringent environmental regulations for the use of zero-emission coatings in the region. Escalatingcall for the product in architectural coatings is likely to drive expansion in the regional market.

The renovation of existing infrastructure in large economies such as Russia, France, and Germany is predicted to provide lucrative opportunities for European market players during the forecast period. The Middle East and Africa market is anticipated to experience significant expansion due to infrastructure development in the locale. The market in Asia-Pacific accounted for a significant portion of the target market's revenue compared to markets in other regions, due to the expansion of the construction sector which in turn creates a high call for resins to water base of India, China, and Japan, among other countries, to the region. The European market is predicted to experience comparatively faster expansion in terms of revenue over the next 10 years. This can be attributed to the escalating call for water-based resins due to the escalating call for green products in the region during the foreseen period. North America represents the second highest contribution in terms of revenue share in the worldwide market. The Latin American, Middle Eastern, and African markets are determined to record a moderate expansion rate in the global water-based resins market during the forecast period.

Impact of COVID-19 on Water-based Resins Market:

Coronavirus has been the most disruptive force for the worldwide paint and coatings industry in recent memory. India's paint and coatings industry has seen a drop in call in the past four months in an unprecedented way. Although production from most paint production units has been resumed in a phased manner, the continued increase in the number of boxes and declining call have caused concern among major paint and coatings producers. Considering the fact that only 10 days of lockdown were included in these results, paint producers are nervous about the performance of the first six months (April-September 2020) of the current fiscal year. The current COVID-19 situation has made it very difficult for paint and coatings producers. The pandemic and the closure conditions imposed throughout the country have caused a huge disruption in the entire production and supply chain of the national paint and coatings industry. Tight closures have hurt the paint and coatings industry and trade.

Water-based Resins Market Key Players:

1) BASF SE (Germany)

2) Lawter Inc. (US)

3) DowDuPont (US)

4) Allnex Group (Germany)

5) Lubrizol Corporation (US)

6) Hexion (US)

7) Royal DSM NV (Netherlands)

8) DIC Corporation (Japan)

9) Arkema (France)

10) BELIKE Chemical (China)

11) Vil Resins (UK)

12) Arakawa Chemical Industries Ltd (Japan)

13) KITO Chemical Co. Ltd (China)

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