The water-based resins market is projected to grow at a considerable CAGR of around 6% during the forecast period. The global water-based resin market is growing rapidly owing to the increasing application of these chemicals in the construction, packaging and textile industry. The water-based resins are the resins that use water as a solvent to disperse a resin. As this resin uses water as a solvent this resin is environmentally friendly and low in toxicity and flammability. The water-based resins find its applications in various industrial applications such as adhesives, inks, paints, coatings, and so on.

The stringent government regulations across the globe also play a significant growth factor for the growth of the global water-based resins market. The most common type of water-based resin is acrylic which has a significant impact on various industries which includes adhesives, paints, and coatings. The rising number of industrial applications of water-based resins in paints, coatings, paper, and textile tends to drive the market share of water-based resins market. Water-based resins paintings and coatings are flame resistant which provides safety to the structure to which it has been applied. 

Growing manufacturers and consumer awareness with regard to the adverse effects of volatile organic compound (VOC) emissions present in most solvent-based products along with the government stringent regulations towards effects of VOC on the environment has led to the increasing demand for the water-based resins, which in turn driving the water-based resin market. The high cost of the water-based resins and comparatively lower performance of these resins in comparison to the solvent-based resins is one of the key factors that may restrain the growth of the water-based resin market. 

Segmental Outlook  

The water-based resin market is segmented on the basis of type and application. Based on type, the market is segmented into acrylic, epoxy, polyurethane, alkyd, and others. Based on application the market is segmented into paints & coatings, adhesive & sealants, ink, and others. Based on the application segment, the adhesives and sealants segment is anticipated to showcase considerable growth over the forecast period. The rising use of water-based resins in the packaging of paper and paperboard that includes boxes, folding cartons, and paper bags is a key factor contributing to the growth of this market segment. 

Moreover, adhesives made from the water-based resins eliminate the use of resins that are solvent-based. The adhesive made from water-based resins are also used in ventilation, and flameproof lighting eliminating the special precautions which are required for the use of solvent-based adhesives in these applications. Paints & coating application is expected to hold a major market share during the forecast period. 

Acrylic will hold considerable market share 

The acrylic segment is anticipated to witness significant market share during the forecast period. This is owing to the fact that this material is of highly versatile nature due to the acrylic ester functionality. Acrylic possesses properties such as low volatile organic compound emission rate and higher durability as compared to various solvent-based resins. The acrylic is the preferred solution for numerous applications in end-user industries such as building and construction and paint and coatings. The acrylic resins perform the functional activity for the replacement for solvent-based emulsion due to the harmful effects of solvent-based emulsion on the environment. The rising demand for acrylic resins from the manufacturers of adhesives primarily in label applications and medical tapes has led to the increased market share of the acrylic resins segment.

Global Water-Based Resins Market Share by Application, 2018 (%)

Regional Outlook 

The global water-based resins market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific region is expected to exhibit significant growth during the forecast period. The increasing construction activities in the region owing to the rising investment from foreign investment in the construction sector in emerging economies such as India and China is a major factor to drive the market growth in the region. The rising environmental concerns along with stringent government regulations towards the emission of VOC in the environment in the region are further contributing towards the market growth. The presence of China in the region is also making considerable contributions to the market due to the high presence of the country in the chemical industry. 

Global Water-Based Resins Market Growth, by Region 2019-2025

Market Players Outlook

The key market players operating in the global water-resin based market include BASF SE, Arkema Group, Henkel AG & Company, KGaA, Solvay S.A., Specialty Polymers, Inc., The Dow Chemical Co., East Chemical Co., Celanese Corp., Covestro AG, DIC Corp., and so on. These market players are actively involved in adopting organic and inorganic growth strategies to remain competitive in the marketplace.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global water-based resin market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.