Market Size of Water-borne Resins Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Waterborne Epoxy Resin Market Analysis
The market for water-borne resins is expected to grow at a CAGR of more than 5% during the forecast period. Increasing demand for adhesives and sealants is a major factor driving the demand of the market studied. However, relatively higher costs as compared to other resins is likely to hinder the market.
Waterborne Epoxy Resin Industry Segmentation
The water-borne resins market report includes:
Type | |
Acrylics | |
Alkyds | |
Epoxies | |
Polyurethanes | |
Other Types |
Application | |
Paints and Coatings | |
Adhesives and Sealants | |
Inks | |
Other Applications |
Geography | |||||||
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Water-borne Resins Market Size Summary
The waterborne epoxy resin market is poised for significant growth, driven primarily by the increasing demand for environmentally friendly adhesives and sealants. This segment of the market is gaining traction due to its lower volatile organic compound (VOC) emissions, making it a preferred choice over solvent-borne alternatives. The market's expansion is further supported by the rising consumer awareness regarding VOC emissions and stringent environmental regulations. Waterborne paints and coatings are particularly favored for their low odor, enhanced durability, and resistance to block, making them ideal for applications such as interior and exterior doors, windows, and door frames. Despite the higher costs associated with waterborne resins compared to other types, their environmental benefits and performance characteristics are propelling their adoption in the paints and coatings industry.
The Asia-Pacific region is expected to maintain its dominance in the waterborne resin market, driven by robust growth in the construction and packaging sectors. The region's burgeoning construction industry, particularly in countries like China and India, is a significant contributor to the demand for water-based paints and adhesives. Government initiatives in these countries, such as China's real estate investments and India's housing projects, are anticipated to further boost the market. The market is characterized by a consolidated landscape with key players like BASF SE, ALLNEX NETHERLANDS B.V., Dow, Eastman Chemical Company, and Huntsman International LLC leading the charge. These companies are instrumental in shaping the market dynamics through their innovative product offerings and strategic initiatives.
Water-borne Resins Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing demand for Adhesives & Sealants
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Acrylics
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2.1.2 Alkyds
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2.1.3 Epoxies
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2.1.4 Polyurethanes
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2.1.5 Other Types
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2.2 Application
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2.2.1 Paints and Coatings
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2.2.2 Adhesives and Sealants
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2.2.3 Inks
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Water-borne Resins Market Size FAQs
What is the current Water-borne Resins Market size?
The Water-borne Resins Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Water-borne Resins Market?
BASF SE, Eastman Chemical Company, Huntsman International LLC, ALLNEX NETHERLANDS B.V. and Dow are the major companies operating in the Water-borne Resins Market.