HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: CH 3205

 

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[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 industry’s 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:

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

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)

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 (2018–2023)
    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 Porter’s 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 , 2016–2023 (USD Million)
Table 3 Water-Based Resins Market Size, By Type , 2016–2023 (Kiloton)
Table 4 Water-Based Acrylic Resins Market Size , By Region, 2016–2023 (USD Million)
Table 5 Water-Based Acrylic Resins Market Size , By Region, 2016–2023 (Kiloton)
Table 6 Water-Based Epoxy Resins Market Size, By Region, 2016–2023 (USD Million)
Table 7 Water-Based Epoxy Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 8 Water-Based Polyurethane Resins Market Size, By Region, 2016–2023 (USD Million)
Table 9 Water-Based Polyurethane Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 10 Water-Based Alkyd Resins Market Size, By Region, 2016–2023 (USD Million)
Table 11 Water-Based Alkyd Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 12 Other Water-Based Resins Market Size, By Region, 2016–2023 (USD Million)
Table 13 Other Water-Based Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 14 Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 15 Water-Based Resins Market Size in Paints & Coatings, By Region, 2016–2023 (USD Million)
Table 16 Water-Based Resins Market Size in Adhesive & Sealants, By Region, 2016–2023 (USD Million)
Table 17 Water-Based Resins Market Size in Inks, By Region, 2016–2023 (USD Million)
Table 18 Water-Based Resins Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 19 Water-Based Resins Market Size, By Region, 2016–2023 (USD Million)
Table 20 Water-Based Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 21 APAC: Water-Based Resins Market Size, By Country, 2016–2023 (USD Million)
Table 22 APAC: Water-Based Resins Market Size, By Country, 2016–2023 (Kiloton)
Table 23 APAC: Water-Based Resins Market Size, By Type, 2016–2023 (USD Million)
Table 24 APAC: Water-Based Resins Market Size, By Type, 2016–2023 (Kiloton)
Table 25 APAC: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 26 China: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 27 Japan: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 28 South Korea: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 29 India: Water-Based Resins Market Size, By Application, 2016–2023(USD Million)
Table 30 Indonesia: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 31 Rest of APAC: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 32 Europe: Water-Based Resins Market Size, By Country, 2016–2023 (USD Million)
Table 33 Europe: Water-Based Resins Market Size, By Country, 2016–2023 (Kiloton)
Table 34 Europe: Water-Based Resins Market Size, By Type, 2016–2023 (USD Million)
Table 35 Europe: Water-Based Resins Market Size, By Type, 2016–2023 (Kiloton)
Table 36 Europe: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 37 Germany: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 38 UK: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 39 France: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 40 Spain: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 41 Italy: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 42 Russia: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 43 Turkey: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 44 Rest of Europe: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 45 North America: Water-Based Resins Market Size, By Country, 2016–2023 (USD Million)
Table 46 North America: Water-Based Resins Market Size, By Country, 2016–2023 (Kiloton)
Table 47 North America: Water-Based Resins Market Size, By Type, 2016–2023 (USD Million)
Table 48 North America: Water-Based Resins Market Size, By Type, 2016–2023 (Kiloton)
Table 49 North America: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 50 US: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 51 Canada: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 52 Mexico: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 53 South America: Water-Based Resins Market Size, By Country, 2016–2023 (USD Million)
Table 54 South America: Water-Based Resins Market Size, By Country, 2016–2023 (Kiloton)
Table 55 South America: Water-Based Resins Market Size, By Type, 2016–2023 (USD Million)
Table 56 South America: Water-Based Resins Market Size, By Type, 2016–2023 (Kiloton)
Table 57 South America: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 58 Brazil: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 59 Argentina: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 60 Rest of South America: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 61 Middle East & Africa: Water-Based Resins Market Size, By Country, 2016–2023 (USD Million)
Table 62 Middle East & Africa: Water-Based Resins Market Size, By Country, 2016–2023 (Kiloton)
Table 63 Middle East & Africa: Water-Based Resins Market Size, By Type, 2016–2023 (USD Million)
Table 64 Middle East & Africa: Water-Based Resins Market Size, By Type, 2016–2023 (Kiloton)
Table 65 Middle East & Africa: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 66 Saudi Arabia: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 67 UAE: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 68 Rest of the Middle East & Africa: Water-Based Resins Market Size, By Application, 2016–2023 (USD Million)
Table 69 New Product Developments, 2013–2018
Table 70 Mergers & Acquisitions, 2013–2018
Table 71 Expansions, 2013–2018
Table 72 Collaboration/Agreement, 2013–2018


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 Porter’s 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, 2013–2018
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

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.

Water-based Resins Market

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.

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