Water-borne Resins Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Type (Acrylics, Alkyds, Epoxies, Polyurethanes, and Other Types), Application (Paints and Coatings, Adhesives and Sealants, Inks, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Water-borne Resins Market Size

Water-based Resins Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Water-based Resins Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Water-borne Resins Market Analysis

The market for water-borne resins is expected to grow at a CAGR of more than 5% during the forecast period. Increasing demand for adhesives and sealants is a major factor driving the demand of the market studied. However, relatively higher costs as compared to other resins is likely to hinder the market.

Water-borne Resins Industry Segmentation

The water-borne resins market report includes:

Type
Acrylics
Alkyds
Epoxies
Polyurethanes
Other Types
Application
Paints and Coatings
Adhesives and Sealants
Inks
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Water-borne Resins Market Trends

This section covers the major market trends shaping the Water-borne Resins Market according to our research experts:

Paints and Coatings to Dominate the Market

  • Water-borne paints and coatings hold the major share in the overall paints and coatings market. The major reason for their gain over solvent-borne is their environment-friendly nature, as they are generally lower in volatile organic compounds (VOCs), which degrade the environment.
  • Furthermore, other properties, like low odor, more durability, and block resistance, make water-borne paints preferable than solvent-borne.
  • The water-borne segment of the market studied is driven by several factors, such as increasing consumer awareness about VOC emissions and rising environmental regulations. Additionally, water-borne coatings are mostly preferred for interior and exterior doors, windows, and door frames.
  • In recent times, there has been a propensity to seek coatings with low odor, usability, and water clean-up characteristics, among the end-users. Water-borne coatings meet such requirements and they also facilitate low viscosity, without the addition of low-molecular weight monomers.
  • Such factors in turn are boosting the market for water borne resins in the paints & coatings market.
Water-borne Resins Market, Volume (%), by Application, Global, 2019

Asia-Pacific to Dominate the Market

  • Owing to the increasing government regulations, Asia-pacific is likely to continue its dominance during the forecast period by witnessing significant growth in waterborne resins for various applications.
  • Asia-Pacific is a hub for the global construction market as well as packaging industries where paints & coatings and adhesives play a key role.
  • The robust demand for water-based paints and adhesives is one of the major factors driving the market studied primarily in the construction sector.
  • For instance, China’s real estate sector has been growing rapidly with increased investment by the government. The growth in construction is expected to positively affect the paints & coatings market in the country.
  • Also, the Indian government has been actively boosting housing construction, as it aims to provide a home to about 1.3 billion people. The country is likely to witness around ~USD 1.3 trillion of investment in housing over the next seven years and is likely to witness the construction of 60 million new homes in the country. 
  • Such factors in turn are estimated to boost the demand of the market studied.
Water-borne Resins Market - Growth Rate by Region, 2020-2025

Water-borne Resins Industry Overview

The market studied is consolidated among the limited players. Some of the key players in the market include BASF SE, ALLNEX NETHERLANDS B.V., Dow, Eastman Chemical Company, and Huntsman International LLC, among others.

Water-borne Resins Market Leaders

  1. BASF SE

  2. Eastman Chemical Company

  3. Huntsman International LLC

  4. ALLNEX NETHERLANDS B.V.

  5. Dow

*Disclaimer: Major Players sorted in no particular order

Water-based Resins Market Concentration

Water-borne Resins Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing demand for Adhesives & Sealants

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Acrylics

      2. 5.1.2 Alkyds

      3. 5.1.3 Epoxies

      4. 5.1.4 Polyurethanes

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Adhesives and Sealants

      3. 5.2.3 Inks

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ALLNEX NETHERLANDS B.V.

      2. 6.4.2 Arkema Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Dow

      5. 6.4.5 DSM

      6. 6.4.6 Eastman Chemical Company

      7. 6.4.7 Huntsman International LLC

      8. 6.4.8 Momentive

      9. 6.4.9 Nan Ya Plastics Corporation

      10. 6.4.10 Solvay

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Water-borne Resins Market Research FAQs

The Water-borne Resins Market is projected to register a CAGR of greater than 5% during the forecast period (2023-2028).

BASF SE, Eastman Chemical Company, Huntsman International LLC, ALLNEX NETHERLANDS B.V. and Dow are the major companies operating in the Water-borne Resins Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia Pacific accounts for the largest market share in the Water-borne Resins Market.

Water-borne Resins Industry Report

Statistics for the 2023 Water-borne Resins market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Water-borne Resins analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Water-borne Resins Report Snapshots

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