Water-Based Resins Market - Industry Analysis, Key Player Profile, Trends, Size, Share, Growth, Demand and Regional Outlook by 2023

Market Research Future Has Published a Half-Cooked Research Report on the Global Water-Based Resins Market - Forecast to 2023

Market Overview:

Water-Based Resins are viscous liquids that provide fast drying, gloss, and corrosion resistance in paints and coatings. These resins are mainly used in the building and construction industry for floor, wood, and roof coatings. Moreover, water-Based Resins find application in the manufacturing of ink, leather, and vehicle coatings, among others.

Based on Type, the Global Water-Based Resins Market has been segmented into acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, polyurethane resin, alkyd resin, and others. The acrylic resin segment is expected to be the leading segment. These resins provide resistance to chemicals, weather, heat, and water. Also, hardness, adhesion, and gloss are some of the desirable characteristics of acrylic resins, leading to their widespread use in the paints and coatings industry. Due to their durability and weatherability as a coating material, acrylic resins are widely used in architectural, automotive, and plastic coatings as well. Owing to the aforementioned applications, the demand for Water-Based Acrylic Resins is increasing and is expected to propel market growth during the forecast period.

By Application, the Global Water-Based Resins Market has been categorized as paints and coatings, adhesives and sealants, inks, leather, and others. The paints and coatings segment accounted for the largest share of the Global Water-Based Resins Market in 2017. Rapid urbanization and robust growth in the building and construction industry is driving the growth of this segment. Paints and coatings are an integral part of construction and the demand for water-based resins in these applications is expected to increase in the years to follow.

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Competitive Analysis:

The Leading Players in the Global Water-Based Resins Market are BASF SE (Germany), Lawter Inc. (US), DowDuPont (US), Allnex Group (Germany), the Lubrizol Corporation (US), Hexion (US), Royal DSM NV (Netherlands), DIC Corporation (Japan), Arkema (France), BELIKE Chemical (China), Vil Resins (UK), Arakawa Chemical Industries Ltd (Japan), and KITO Chemical Co. Ltd (China).

Market Segmentation:

The Global Water-Based Resins Market has been segmented on the basis of Type, Application and Region.

On the basis of Type, the Global Water-Based Resins Market is categorized as acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, polyurethane resin, alkyd resin, and others.

By Application, the Global Water-Based Resins Market has been divided into paints and coatings, adhesives and sealants, inks, leather, and others.

Regional Analysis:

The Global Water-Based Resins Market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2017, the largest share of Global Water-Based Resins Market was captured by Asia-Pacific. Increasing construction activities and rapid industrialization are expected to be the key factors boosting product demand in the region during the forecast period.

North America and Europe are the other significant markets for Water-Based Resins. Increased awareness about the negative effects of VOC emissions from solvent-based coatings on health and the environment is likely to drive market growth in these regions. Latin America and the Middle East & Africa are the other substantial regional markets for Water-Based Resins.

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Water-Based Resins Market Global Production, Growth, Share, Demand and Applications Forecast to 2023

The Global Water-Based Resins Market is the subject of the latest research report from Market Research Future (MRFR). The Global Water-Based Resins Market is analyzed in detail in the report to find the major drivers affecting the market’s movement and the major restraints holding the market back. Key points revealing the likely growth trajectory of the Global Water-Based Resins Market are assessed in the report to provide readers with a comprehensive overview of the market’s likely growth trajectory over the forecast period from 2018 to 2023.

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Water-Based Resins are used in paints and coatings, adhesives, sealants, inks, and leatherworking applications for various functions. The Global Water-Based Resins Market is mainly driven by the lower environmental footprint of Water-Based Resins in comparison to conventional solvent-based resins. This has resulted in the onslaught of environmental regulations in developed regions emerging as a key driver for the Global Water-Based Resins Market, as the demand for conventional solvent-based resins has been redirected towards the Water-Based Resins Market. The growing awareness about protecting the environment and the various ways in which human activities affect the environment is likely to be a major driver for the Global Water-Based Resins Market over the forecast period.

The growing demand for environmentally sound and viable paints and coatings is likely to be the major driver for the Global Water-Based Resins Market over the forecast period. The paints and coatings industry has been driven by the growth of major end-use industries such as automotive and construction over the last few years. Steady growth of these and other key end-use industries over the forecast period is likely to drive the Global Water-Based Resins Market over the forecast period. The construction industry is likely to remain a major end user in the Global Water-Based Resins Market over the forecast period due to the growing demand for new residential, commercial, as well as infrastructural construction in developed as well as developing countries.

Competitive Analysis:

Leading players in the Global Water-Based Resins Market include BASF SE, DowDuPont, the Lubrizol Corporation, Royal DSM NV, Arkema, Vil Resins, KITO Chemical Co. Ltd., Arakawa Chemical Industries Ltd., BELIKE Chemical, DIC Corporation, Hexion, Allnex Group, and Lawter Inc.

Mergers and acquisitions as well as new product developments and capacity expansion are likely to be the favored competitive strategies for major players in the Global Water-Based Resins Market over the forecast period.

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In March 2018, BASF SE expanded its production facility for water-based resins in Heerenveen in the Netherlands. This move is aimed at increasing the company’s share in the Global Water-Based Resins Market.

Segmentation:

The Global Water-Based Resins Market has been categorized by Type, Application and Region.

By Type, the Global Water-Based Resins Market has been segmented into acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, polyurethane resin, alkyd resin, and others.

Based on Application, the Global Water-Based Resins Market has been segmented into paints and coatings, adhesives and sealants, inks, leather, and others. Paints and coatings remain the major application segment in the Global Water-Based Resins Market with a share of 41% in 2017 and are likely to retain their dominance over the market over the forecast period. The adhesives and sealants industry also accounts for a major share in the Global Water-Based Resins Market and is likely to remain a leading revenue generator over the forecast period.

Regional Analysis:

Asia Pacific accounts for the largest share in the Global Water-Based Resins Market in 2017 and is likely to remain the leading regional market over the forecast period due to the rapid growth of the construction and automotive industries in the region. The construction industry is likely to remain a leading end user of Water-Based Resins in Asia Pacific over the forecast period due to the growing need to accommodate rural immigrants looking to secure a better livelihood in urban areas. The growing need for commercial and infrastructure construction is also likely to remain a major driver for the Water-Based Resins Market in Asia Pacific over the forecast period.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Water-Based Resins Market 2019 | Precise Study on Factors, Drivers and Key Players Strategies Analyzed Till 2023

Market Segmentation:

The Global Water-Based Resins Market has been segmented on the basis of Type, Application and Region.

On the basis of Type, the Global Water-Based Resins Market is categorized as acrylic resin, epoxy ester resin, saturated polyester resin, epoxy resin, polyurethane resin, alkyd resin, and others.

By Application, the Global Water-Based Resins Market has been divided into paints and coatings, adhesives and sealants, inks, leather, and others.

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Regional Analysis:

The Global Water-Based Resins Market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2017, the largest share of Global Water-Based Resins Market was captured by Asia-Pacific. Increasing construction activities and rapid industrialization are expected to be the key factors boosting product demand in the region during the forecast period.

North America and Europe are the other significant markets for Water-Based Resins. Increased awareness about the negative effects of VOC emissions from solvent-based coatings on health and the environment is likely to drive market growth in these regions. Latin America and the Middle East & Africa are the other substantial regional markets for water-based resins.

Competitive Analysis:

The leading players in the Global Water-Based Resins Market are BASF SE (Germany), Lawter Inc. (US), DowDuPont (US), Allnex Group (Germany), the Lubrizol Corporation (US), Hexion (US), Royal DSM NV (Netherlands), DIC Corporation (Japan), Arkema (France), BELIKE Chemical (China), Vil Resins (UK), Arakawa Chemical Industries Ltd (Japan), and KITO Chemical Co. Ltd (China).

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Few Points from Table of Contents:

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Lawter Inc.

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 DowDuPont

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Allnex Group

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 The Lubrizol Corporation

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/6357                                                                                  

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com