Water-Based Resins Market Overview:
The Water-Based Resins Market has been thoroughly analysed in a recent report published by MMR. Offering a strategic analysis, the report covers a wide array of vital aspects, including top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors.
Growth Potential of Water-Based Resins Market:
Water-Based Resins Market was valued at US$ 45.27 Bn. in 2023 and is expected to reach US$ 65.85 Bn. by 2030, at a CAGR of 5.5% during a forecast period.
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Water-Based Resins Market Report Scope and Research Methodology:
Water-Based Resins Market report offers a detailed analysis of the global Water-Based Resins industry. It classifies the market based on offerings, deployment mode, application, end-user industry, and region, providing valuable insights for stakeholders. The analysis also includes an in-depth assessment of past market dynamics spanning from 2018 to 2022, enabling readers to compare past trends with current market scenarios and better grasp the impact of key players.
Water-Based Resins Market Regional Insights:
North American region emerged as the leader, closely followed by Europe and the Asia Pacific. The Asia Pacific region, fueled by rapid technological advancements, is expected to experience substantial growth throughout the forecast period.
Water-Based Resins Market Segmentation:
by Type
Acrylic
Epoxy
Polyurethane
Alkyd
Others
Acrylic resins are the most diverse type of resin. They are often utilised in applications involving adhesives and sealants. Since water-based acrylic resins provide superior chemical and physical resistance, extending the material's lifespan, their demand has grown. Because of environmental rules pertaining to volatile organic compounds (VOCs), it is expected that water-based acrylic resins will soon totally replace solvent-based acrylic resins in paint and coating applications.
by Application
Paints & Coatings
Adhesives & Sealants
Inks
Others
According to the end-use industry, the paint and coatings sectors make extensive use of water-based polymers. With almost 50% of the market, coatings are the most common application. The need for coatings has primarily been driven by the expanding building sector in Asia Pacific countries like China and India, which is opening up new markets for water resins.
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Water-Based Resins Market Key Players:
1. BASF
2. DowDuPont
3. Allnex Group
4. The Lubrizol Corporation
5. Royal DSM N.V.
6. Hexion
7. Arkema
8. DIC Corporation
9. Covestro AG
10.Adeka Corporation
11.Belike
12.Grupo Synthesia
13.Olin Corporation
14.Bond Polymers International
15.Celanese Corporation
16.Elantas
17.Hexion
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Key questions answered in Water-Based Resins Market are:
- What is the demand pattern for the Water-Based Resins market?
- What is the expected Water-Based Resins Market size by the end of the forecast period?
- What are the global trends in the Water-Based Resins Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Water-Based Resins Market?
- How is the intervention from regulatory authority is shaping the Water-Based Resins Market?
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