Global Water-based Resins Market by Type, Application & Region - Analysis & forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The “Water-based Resins Market by Type (Acrylic, Epoxy, Polyurethane, Alkyd), Application (Paints & Coatings, Adhesives & Sealants, Inks), and Region (Asia-Pacific, Europe, North America, South America, and Middle East & Africa) - Global forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The water-based resins market is estimated at USD 38.86 billion in 2018 and is projected to reach USD 52.65 billion by 2023, at a CAGR of 6.3% from 2018 to 2023.
The growth of the market can be attributed to the increasing demand for water-based resins from the paints & coatings and adhesives & sealants applications. Water-based resins are fast replacing traditional VOC solvent-based resins. The rising demand from the building & construction industry in emerging countries is driving the demand for water-based resins.
The acrylic resins segment is projected to be the largest as well as the fastest-growing type segment of the water-based resins market. Acrylic resins are the most versatile resin type. Water-based acrylic resins are used in paints & coatings and adhesives & sealants applications extensively. These are used in architectural coatings due to their gloss and color retention in outdoor applications. Acrylic resins are also largely used in Pressure Sensitive Adhesive (PSA) manufacturing.
APAC was the largest market of water-based resins in 2017. The demand of water-based resins in APAC is driven by their extensive use in building & construction and packaging industries. Also, the growth in this region is attributed to increasing demand for eco-friendly technologies and growing preference for producing sustainable technologies by manufacturers.
Companies MentionedAdeka Corporation Aditya Birla Chemicals Alberdingk Boley Allnex Group Arkema BASF SE Belike Bond Polymers International Celanese Corporation Covestro DIC Corporation Dowdupont Elantas Grupo Synthesia Hexion KUKdo Chemical (Kunshan) Co., Ltd. Lawter Inc. Nan Ya Plastics Corporation Olin Corporation Omnova Solutions Inc. Reichhold LLC 2 Royal DSM N.V. Scott Bader Company Ltd. Specialty Polymers, Inc. The Lubrizol Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Water-Based Resins Market, By Type
8 Water-Based Resins Market, By Application
9 Water-Based Resins Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/9rpvf3/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005232/en/
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Related Topics:Plastic Resins
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 06/08/2018 06:00 AM/DISC: 06/08/2018 06:01 AM