This report provides forecast and analysis of the water-based resin market which is estimated to surge US$39.261.054Million by 2024.
Waterborne resins use water as a solvent to disperse a resin, thus making these resins environmental friendly and low in toxicity and flammability. Water-based resins are the primaary constituents of Latex-based paints and any water-reducible coatings or paints as they completely dissolve in water and other solvents. Water-based resins offer better chemical and physical resistance ensuring a longer lifespan of the material they are applied to. The water-based resin market is segmented by product, livestock, source, form, and geography. By product, the market is segmented into Acrylic Resin, Alkyd Resin, Epoxy Resin, Polyurethanes, and others. By application, the market is segmented into Adhesive and sealants, Ink, paints & coatings, and others. Geographically water-based resin market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Asia Pacific region is expected to drive the water-based resin market due to the environmental concerns along with the increasing preference of environmental-friendly methods and the growing number of end-users in the region. China is expected to see growth in the water-based resin market due to stringent government regulations for permissible amounts of Volatile Organic Compounds (VOC) leading to an increase in demand for water-based resin in the market.
Some of the major players covered as part of the report BASF SE, DIC Corporation, ALLNEX NETHERLANDS B.V., Aditya Birla Group, ADEKA CORPORATION, Huntsman International LLC, Arkema, Hexion Inc., The Lubrizol Corporation, DSM,among others.
This report segmented the Water Based Resin market on the basis following terms:
• By Product Type
o Acrylic Resin
o Alkyd Resin
o Epoxy Resin
o Polyurethanes
o Others
• By Application
o Adhesives and Sealants
o Inks
o Paints & Coatings
o Others
• By Geography
o North America
United States
Canada
Mexico
o South America
Brazil
Argentina
Others
o Europe
Germany
France
UK
Spain
Others
o Middle East and Africa
Israel
Saudi Arabia
Others
o Asia Pacific
China
Japan
South Korea
India
Others
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