Water-borne Resins Market Size (2024 - 2029)

The waterborne epoxy resin market is anticipated to experience growth over the forecast period, driven primarily by the rising demand for adhesives and sealants. Despite this positive outlook, the market's expansion may be challenged by the comparatively higher costs of waterborne epoxy resins compared to alternative resin types.

Market Size of Water-borne Resins Industry

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Water-based Resins Market Summary
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

Water-based Resins Market 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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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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.

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Water-borne Resins Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing demand for Adhesives & Sealants

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Acrylics

      2. 2.1.2 Alkyds

      3. 2.1.3 Epoxies

      4. 2.1.4 Polyurethanes

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Paints and Coatings

      2. 2.2.2 Adhesives and Sealants

      3. 2.2.3 Inks

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle-East and Africa

Water-borne Resins Market Size FAQs

The Water-borne Resins Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

Waterborne Epoxy Resin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)