Browse in-depth TOC on "Water-based Resins Market"
362 – Tables
52 – Figures
300 – Pages
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Among types, the acrylic resins market is projected to grow at the highest CAGR during the forecast period from 2024 to 2029
Water-based acrylic resin, derived from acrylic acid or its derivatives and dispersed in water, has garnered significant attention across industries owing to its versatility, user-friendliness, and eco-friendly nature compared to solvent-based counterparts. Utilizing water as the solvent, these resins are extensively applied in paints, coatings, adhesives, sealants, inks, and other coating-related applications. They are particularly prominent in industrial and commercial coatings, notably protective coatings. Water-based acrylic paints, preferred for both interior and exterior surfaces such as walls, woodwork, metal, and plastic, boast remarkable adhesion, durability, and rapid drying properties. They offer exceptional chemical and physical resistance, ensuring prolonged durability for the coated surfaces. Furthermore, their reduced volatile organic compound (VOC) emissions contribute to their environmental friendliness. With increasing environmental regulations targeting VOC emissions, the gradual displacement of solvent-based acrylic resins by water-based alternatives in paints and coatings is foreseeable.
The adhesives & sealants application is projected to grow at the highest CAGR between 2024 and 2029
The adhesive and sealants sector are anticipated to experience the most significant growth during the forecast period. Water-based resins find application in diverse areas such as paints, coatings, adhesives, sealants, and inks. The rising demand for water-based adhesives in construction and paper packaging industries is expected to drive the growth of adhesive and sealant applications in the future. The strong bonding capability of water-based adhesives with polar substrates has spurred the expansion of water-based resins. Additionally, water-based sealants are predominantly utilized in the construction industry for waterproof coating on concrete surfaces.
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"North America accounts for the 3rd largest share in terms of the value of the water-based resins market."
The North American water-based resins market ranks as the third largest globally, experiencing robust growth driven by increasing environmental awareness and stringent regulations favoring eco-friendly materials. The market is heavily regulated by the EPA, promoting the use of water-based resins due to their low VOC emissions and sustainable properties. The construction sector, particularly in the US, is a key driver, with substantial investments in residential, commercial, and infrastructure projects. Canada and Mexico also contribute to this growth with investments in urban development and renovation projects. This surge in construction activities fuels demand for architectural coatings, where water-based resins play a vital role, further propelling market expansion.
Key players
The Water-based resins market comprises key manufacturers such as are BASF SE (Germany), the Lubrizol Corporation (US), Dow (US), Covestro AG (Germany), Westlake Corporation (US), Arkema (France), DIC Corporation (Japan), Allnex GMBH (Germany), ADEKA CORPORATION (Japan), and Olin Corporation (US) among are the major players in the water-based resins market.
Browse Adjacent Market: Resins and Polymers Market Research & Consulting
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