Water-Based Resins Market Price Trend, Global Analysis, Size Estimation, Industry Share, Future Growth and Forecast 2019 to 2023

20/ago/2019 13:28:43 Market Research Future Contatta l'autore

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Global Water-Based Resins Market Overview:

Water-Based Resins refer to low volatile viscous liquids that are used in various coatings to increase product life and reduce corrosion. These resins enable fast drying, excellent shine, and good pigmentation. It can be used in the interior and exterior wall, wood, or industrial paints. The Global Water-Based Resins Market is set to achieve heightened CAGR on the expansion graph during the forecast period.

There are various factors mentioned in the latest report released by Market Research Future (MRFR). These factors include rapid urbanization and stringent environmental restrictions on the use of volatile organic compounds. Since Water-Based Resins contain lower quantities of volatile compounds, as compared to other solvent-based resins, a growing inclination towards the adoption of Water-Based Resins is seen on the rise, augmenting the global market.

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Further, a broad scope of application of Water-Based Resins in various end-user industries like paper, textiles & fibers, cement, pavements & infrastructure, and wood finishes is pushing the Global Water-Based Resins Market to a great extent. A significant growth noted in the construction industry owing to the unparalleled growth of the population across the globe coupled with rapid industrialization is anticipated to promote strong growth in the Global Water-Based Resins Market through the assessment period.

Key Players:

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

Market Segmentation:

The Global Water-Based Resins Market is studied by Market Research Future (MRFR) for various segments carried out by of Type, Application, and Region.

Based on Type, the Water-Based Resins Market is segmented into epoxy ester resin, acrylic resin, epoxy resin, polyurethane resin, saturated polyester resin, and alkyd resin. The Acrylic Resin Segment is anticipated to lead the Global Water-Based Resins Market. These resins provide resistance against chemicals, water, heat, as well as the weather. Other desirable qualities of the acrylic resin include the hardness, adhesion, and luster. Because of their durability and wearability as a coating material, acrylic resins are used on a massive scale in various end-use industries such as automotive, architecture, and plastic coatings. Owing to these factors, the demand for Water-Based Acrylic Resins is accelerating and is projected to augment the market through the review period.

Based on Application, the Water-Based Resins Market is segmented into adhesives, sealants, inks, leather, and paints & coatings. The paints and coatings segment possessed the largest market share at the beginning of the forecast period. Attributable factors for such market domination include rapid urbanization and growth noted in the building and construction industry.

Industry Update:

June 2019: Researchers at the Okinawa Institute of Science and Technology, recently revealed that a specially designed polymer could potentially solve problems related to PSC technologies The addition of self-healing epoxy resins to the surface of PSCs as a protective layer can reduce the environmental concerns connected to PSCs (perovskite solar cell).

Detailed Regional Analysis:

The Global Water-Based Resins Market is regionally segmented into North America, South America, Asia Pacific, Europe, and the Middle East & Africa. In 2017, Asia Pacific dominated the Global Water-Based Resins Market. Increasing construction activities and rapid industrialization are primary factors causative of the bolstering growth noted in the Regional Water-Based Resins Market during the assessment period. Major companies are observed to shift their production operations to Asia Pacific, further fueling market growth in the region.

North America is likely to witness significant growth for Water-Based Resins, owing to technological advancements in the paints and coatings industry. Strict environmental regulations to encourage the use of zero-emission coatings in the region is another factor influencing a positive ascension of the Water-Based Resins Market. Moreover, increasing demand for Water-Based Resins from the architectural sector is projected to drive sizeable growth in the regional market.

Europe is estimated to exhibit substantial growth during the assessment period. Russia, France, and Germany are anticipated to lead the country-specific market for Water-Based Resins in the region. This can be accredited to the growing opportunities for market players existing in the regional market.

The Middle East & Africa is projected to register substantial growth in the review period. This can be owed to the developing infrastructure in the region.       

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