Water-based Resins Market by Type (Acrylic, Epoxy, Polyurethane, Alkyd), Application (Paints & Coatings, Adhesives & Sealants, Inks), and Region (Asia-Pacific, Europe, North America, South America, and Middle East & Africa) - Global forecast to 2023
[129 Pages Report] Water-based Resins Market was valued at USD 36.55 Billion in 2017 and is projected to reach USD 52.65 Billion by 2023, at a CAGR of 6.3% between 2018 and 2023. In this report, 2017 has been considered the base year and the forecast period has been considered from 2018 to 2023.
The objectives of this study are:
- To estimate and forecast the water-based resins market size, in terms of value and volume
- To identify and analyze the key drivers, restraints, challenges, and opportunities influencing the water-based resins market
- To define and segment the water-based resins market, by type, application, and region
- To forecast the size of the water-based resins market based on 5 regions, such as North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa
- To estimate and forecast the water-based resins market at the country-level in each of the regions
- To analyze the market opportunities and competitive landscape of the stakeholders and market leaders
- To analyze the recent market developments and competitive strategies, such as expansions, new product developments, mergers & acquisitions, agreements, and partnerships to draw the competitive landscape in the water-based resins market
- To strategically identify and profile key market players and analyze their core competencies in each type and application of the water-based resins market
This research study involves the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the water-based resins market. Primary sources that were considered mainly include several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industrys supply chain. After arriving at the overall market size, the total market was split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during this research study on the water-based resins market:
To know about the assumptions considered for the study, download the pdf brochure
Major players operating in the water-based resins market are BASF (Germany), DowDuPont (US), Allnex Group (Germany), The Lubrizol Corporation (US), Royal DSM N.V. (Netherlands), Hexion (US), Arkema (France), DIC Corporation (Japan), and Covestro AG (Germany). These key players have adopted various organic and inorganic strategies to maintain their shares in the water-based resins market.
The Target Audiences for the water-based resins market report are as follows:
- Water-based resins manufacturers
- Water-based resins traders, distributors, and suppliers
- End-use market participants of different segments of the water-based resins market
- Government and research organizations
- Associations and industrial bodies
- Research and consulting firms
- R&D institutions
- Environmental support agencies
Get online access to the report on the World's First Market Intelligence Cloud
Request Sample Scope of the Report
This report categorizes the water-based resins market on the basis of type, application, and region.
Water-based Resins Market, by Type:
- Acrylic
- Epoxy
- Alkyd
- Polyurethane
- Others
Water-based Resins Market, by Application:
- Paints & Coatings
- Adhesives & Sealants
- Inks
- Others
Water-based Resins Market, by Region:
- North America
- APAC
- Europe
- South America
- Middle East & Africa
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
Regional Analysis- Further breakdown of a region to the country level with additional applications and/or types
Country Information
- Additional country information (up to 3)
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
The water-based resins market is estimated at USD 38.86 Billion in 2018 and is projected to reach USD 52.65 Billion by 2023, at a CAGR of 6.3% from 2018 to 2023. Water-based resins are used in various applications such as paints & coatings, adhesives & sealants, and inks.
Based on type, the water-based resins market has been classified into acrylic, epoxy, alkyd, polyurethane, and others. The acrylic resins segment is projected to grow at the highest CAGR during the forecast period. The demand for water-based acrylic resins is high as they offer better chemical and physical resistance ensuring a longer lifespan of the material they are applied to. Water-based acrylic resins are expected to completely replace solvent-based acrylic resins soon in the paints & coatings application due to environmental regulations regarding the VOC emissions.
Based on end-use industry, the water-based resins market has been classified into paints & coatings, adhesives & sealants, inks, and others. The demand for water-based resins in paints & coatings application is high, due to the rising environmental regulations to reduce the use of solvent-based technology.
The APAC region is expected to be the largest market for water-based resins across the globe. The APAC water-based resins market is projected to grow at the highest CAGR between 2018 and 2023. The growth of the market in the region can be attributed to the increasing demand for water-based resins from the building & construction industry.
High cost and comparatively lower performance of water-based resins act as restraints to the water-based resins market. Capital cost and fixed cost associated with changing the technology from solvent-based to water-based is high. Hence, many small-scale manufacturers in emerging regions continue with the use of solvent-based resins.
Some of the key players operating in the water-based resins market are BASF SE (Germany), DowDuPont (US), Allnex Group (Germany), The Lubrizol Corporation (US), Royal DSM N.V. (Netherlands), Hexion (US), Arkema (France), DIC Corporation (Japan), and Covestro AG (Germany). Competition among these players is high, and they are adopting strategies, such as new product developments, expansions, agreements, and mergers & acquisitions.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.3.2 Currency
1.4 Limitations
1.5 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.3.1 Research Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in the Water-Based Resins Market
4.2 Water-Based Resins Market, By Application (20182023)
4.3 Water-Based Resins Market in APAC, By Type and Country, 2017
4.4 Water-Based Resins Market: Developing vs. Developed Countries
5 Market Overview (Page No. - 29)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Shift Toward Environmentally-Friendly Products
5.2.1.2 Increasing Demand for Composites
5.2.2 Restraints
5.2.2.1 High Cost and Low Performance of Water-Based Resins
5.2.3 Opportunities
5.2.3.1 Increasing Use of Water-Based Resins in Emerging Applications
5.2.3.2 Developing Economies Promoting the Growth of Water-Based Resins
5.2.4 Challenges
5.2.4.1 Growing Use of Other Environmentally-Friendly Technologies
5.2.4.2 Stringent Regulations for the Production of Water-Based Adhesives
6 Industry Trends (Page No. - 34)
6.1 Porters Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Threat of New Entrants
6.1.3 Threat of Substitutes
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
6.2 Macroeconomic Indicators
6.2.1 Trends and Forecast of GDP
7 Water-Based Resins Market, By Type (Page No. - 39)
7.1 Introduction
7.2 Acrylic
7.3 Epoxy
7.4 Polyurethane
7.5 Alkyd
7.6 Others
8 Water-Based Resins Market, By Application (Page No. - 47)
8.1 Introduction
8.2 Paints & Coatings
8.3 Adhesives & Sealants
8.4 Inks
8.5 Others
9 Water-Based Resins Market, By Region (Page No. - 54)
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 South Korea
9.2.4 India
9.2.5 Indonesia
9.2.6 Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Russia
9.3.7 Turkey
9.3.8 Rest of Europe
9.4 North America
9.4.1 US
9.4.2 Canada
9.4.3 Mexico
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Rest of the Middle East & Africa
10 Competitive Landscape (Page No. - 88)
10.1 Overview
10.2 Competitive Scenario
10.2.1 New Product Developments
10.2.2 Mergers & Acquisitions
10.2.3 Expansions
10.2.4 Collaboration/Agreement
10.3 Market Ranking Analysis
11 Company Profiles (Page No. - 95)
11.1 Dowdupont
11.2 BASF SE
11.3 The Lubrizol Corporation
11.4 Royal DSM N.V.
11.5 Allnex Group
11.6 Hexion
11.7 Arkema
11.8 DIC Corporation
11.9 Covestro
11.10 Celanese Corporation
11.11 Additional Company Profiles
11.11.1 Alberdingk Boley
11.11.2 Adeka Corporation
11.11.3 Aditya Birla Chemicals
11.11.4 Belike
11.11.5 Bond Polymers International
11.11.6 Elantas
11.11.7 Grupo Synthesia
11.11.8 KUKdo Chemical (Kunshan) Co., Ltd.
11.11.9 Lawter Inc.
11.11.10 Nan Ya Plastics Corporation
11.11.11 Olin Corporation
11.11.12 Omnova Solutions Inc.
11.11.13 Reichhold LLC 2
11.11.14 Specialty Polymers, Inc.
11.11.15 Scott Bader Company Ltd.
12 Appendix (Page No. - 121)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (72 Tables)
Table 1 Trends and Forecast of GDP, 2016 -2023 (USD Billion)
Table 2 Water-Based Resins Market Size, By Type , 20162023 (USD Million)
Table 3 Water-Based Resins Market Size, By Type , 20162023 (Kiloton)
Table 4 Water-Based Acrylic Resins Market Size , By Region, 20162023 (USD Million)
Table 5 Water-Based Acrylic Resins Market Size , By Region, 20162023 (Kiloton)
Table 6 Water-Based Epoxy Resins Market Size, By Region, 20162023 (USD Million)
Table 7 Water-Based Epoxy Resins Market Size, By Region, 20162023 (Kiloton)
Table 8 Water-Based Polyurethane Resins Market Size, By Region, 20162023 (USD Million)
Table 9 Water-Based Polyurethane Resins Market Size, By Region, 20162023 (Kiloton)
Table 10 Water-Based Alkyd Resins Market Size, By Region, 20162023 (USD Million)
Table 11 Water-Based Alkyd Resins Market Size, By Region, 20162023 (Kiloton)
Table 12 Other Water-Based Resins Market Size, By Region, 20162023 (USD Million)
Table 13 Other Water-Based Resins Market Size, By Region, 20162023 (Kiloton)
Table 14 Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 15 Water-Based Resins Market Size in Paints & Coatings, By Region, 20162023 (USD Million)
Table 16 Water-Based Resins Market Size in Adhesive & Sealants, By Region, 20162023 (USD Million)
Table 17 Water-Based Resins Market Size in Inks, By Region, 20162023 (USD Million)
Table 18 Water-Based Resins Market Size in Other Applications, By Region, 20162023 (USD Million)
Table 19 Water-Based Resins Market Size, By Region, 20162023 (USD Million)
Table 20 Water-Based Resins Market Size, By Region, 20162023 (Kiloton)
Table 21 APAC: Market Size, By Country, 20162023 (USD Million)
Table 22 APAC: Market Size, By Country, 20162023 (Kiloton)
Table 23 APAC: Market Size, By Type, 20162023 (USD Million)
Table 24 APAC: Market Size, By Type, 20162023 (Kiloton)
Table 25 APAC: Market Size, By Application, 20162023 (USD Million)
Table 26 China: Market Size, By Application, 20162023 (USD Million)
Table 27 Japan: Market Size, By Application, 20162023 (USD Million)
Table 28 South Korea: Market Size, By Application, 20162023 (USD Million)
Table 29 India: Market Size, By Application, 20162023(USD Million)
Table 30 Indonesia: Market Size, By Application, 20162023 (USD Million)
Table 31 Rest of APAC: Market Size, By Application, 20162023 (USD Million)
Table 32 Europe: Market Size, By Country, 20162023 (USD Million)
Table 33 Europe: Market Size, By Country, 20162023 (Kiloton)
Table 34 Europe: Market Size, By Type, 20162023 (USD Million)
Table 35 Europe: Market Size, By Type, 20162023 (Kiloton)
Table 36 Europe: Market Size, By Application, 20162023 (USD Million)
Table 37 Germany: Market Size, By Application, 20162023 (USD Million)
Table 38 UK: Market Size, By Application, 20162023 (USD Million)
Table 39 France: Market Size, By Application, 20162023 (USD Million)
Table 40 Spain: Market Size, By Application, 20162023 (USD Million)
Table 41 Italy: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 42 Russia: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 43 Turkey: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 44 Rest of Europe: Market Size, By Application, 20162023 (USD Million)
Table 45 North America: Market Size, By Country, 20162023 (USD Million)
Table 46 North America: Market Size, By Country, 20162023 (Kiloton)
Table 47 North America: Market Size, By Type, 20162023 (USD Million)
Table 48 North America: Market Size, By Type, 20162023 (Kiloton)
Table 49 North America: Market Size, By Application, 20162023 (USD Million)
Table 50 US: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 51 Canada: Market Size, By Application, 20162023 (USD Million)
Table 52 Mexico: Market Size, By Application, 20162023 (USD Million)
Table 53 South America: Market Size, By Country, 20162023 (USD Million)
Table 54 South America: Market Size, By Country, 20162023 (Kiloton)
Table 55 South America: Market Size, By Type, 20162023 (USD Million)
Table 56 South America: Market Size, By Type, 20162023 (Kiloton)
Table 57 South America: Market Size, By Application, 20162023 (USD Million)
Table 58 Brazil: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 59 Argentina: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 60 Rest of South America: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 61 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 62 Middle East & Africa: Market Size, By Country, 20162023 (Kiloton)
Table 63 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 64 Middle East & Africa: Market Size, By Type, 20162023 (Kiloton)
Table 65 Middle East & Africa: Market Size, By Application, 20162023 (USD Million)
Table 66 Saudi Arabia: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 67 UAE: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 68 Rest of the Middle East & Africa: Water-Based Resins Market Size, By Application, 20162023 (USD Million)
Table 69 New Product Developments, 20132018
Table 70 Mergers & Acquisitions, 20132018
Table 71 Expansions, 20132018
Table 72 Collaboration/Agreement, 20132018
List of Figures (38 Figures)
Figure 1 Water-Based Resins Market Segmentation
Figure 2 Water-Based Resins Market Segmentation, By Region
Figure 3 Water-Based Resins Market: Research Methodology
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Water-Based Resins Market: Data Triangulation
Figure 7 Acrylic to Be the Largest Segment of the Water-Based Resins Market
Figure 8 Paints & Coatings to Be the Largest Application
Figure 9 APAC Was the Largest Water-Based Resins Market in 2017
Figure 10 Water-Based Resins Market Projected to Register Decent Growth Between 2018 and 2023 (Kiloton)
Figure 11 Paints & Coatings to Be the Largest Application Segment During the Forecast Period
Figure 12 Acrylic Was the Largest Type of Water-Based Resins in APAC in 2017
Figure 13 China to Emerge as the Most Lucrative Market Between 2018 and 2023
Figure 14 Drivers, Restraints, Opportunities, and Challenges in Water-Based Resins Market
Figure 15 Porters Five Forces Analysis
Figure 16 Trends of GDP, 2017
Figure 17 Acrylic to Be the Largest Type of Water-Based Resins Market
Figure 18 APAC to Be the Largest Market of Water-Based Acrylic Resins
Figure 19 Paints & Coatings to Be the Largest Application in the Water-Based Resins Market
Figure 20 APAC to Be the Largest Market of Water-Based Resins in the Paints & Coatings Application
Figure 21 Water-Based Resins Market Regional Snapshot
Figure 22 APAC: Water-Based Resins Market Snapshot
Figure 23 Europe: Water-Based Resins Market Snapshot
Figure 24 North America: Water-Based Resins Market Snapshot
Figure 25 South America: Water-Based Resins Market Snapshot
Figure 26 Saudi Arabia to Register the Fastest Growth During the Forecast Period
Figure 27 Companies Adopted New Product Development as the Key Growth Strategy, 20132018
Figure 28 Market Ranking of the Key Players in 2017
Figure 29 Dowdupont: Company Snapshot
Figure 30 BASF SE: Company Snapshot
Figure 31 The Lubrizol Corporation: Company Snapshot
Figure 32 Royal DSM N.V.: Company Snapshot
Figure 33 Royal DSM N.V.: Swot Analysis
Figure 34 Hexion: Company Snapsho
Figure 35 Arkema: Company Snapshot
Figure 36 DIC Corporation: Company Snapshot
Figure 37 Covestro AG : Company Snapshot
Figure 38 Celanese Corporation: Company Snapshot
Growth opportunities and latent adjacency in Water-based Resins Market