Market Trends of Water-borne Resins Industry
This section covers the major market trends shaping the Water-borne Resins Market according to our research experts:
Paints and Coatings to Dominate the Market
- Water-borne paints and coatings hold the major share in the overall paints and coatings market. The major reason for their gain over solvent-borne is their environment-friendly nature, as they are generally lower in volatile organic compounds (VOCs), which degrade the environment.
- Furthermore, other properties, like low odor, more durability, and block resistance, make water-borne paints preferable than solvent-borne.
- The water-borne segment of the market studied is driven by several factors, such as increasing consumer awareness about VOC emissions and rising environmental regulations. Additionally, water-borne coatings are mostly preferred for interior and exterior doors, windows, and door frames.
- In recent times, there has been a propensity to seek coatings with low odor, usability, and water clean-up characteristics, among the end-users. Water-borne coatings meet such requirements and they also facilitate low viscosity, without the addition of low-molecular weight monomers.
- Such factors in turn are boosting the market for water borne resins in the paints & coatings market.
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Asia-Pacific to Dominate the Market
- Owing to the increasing government regulations, Asia-pacific is likely to continue its dominance during the forecast period by witnessing significant growth in waterborne resins for various applications.
- Asia-Pacific is a hub for the global construction market as well as packaging industries where paints & coatings and adhesives play a key role.
- The robust demand for water-based paints and adhesives is one of the major factors driving the market studied primarily in the construction sector.
- For instance, China's real estate sector has been growing rapidly with increased investment by the government. The growth in construction is expected to positively affect the paints & coatings market in the country.
- Also, the Indian government has been actively boosting housing construction, as it aims to provide a home to about 1.3 billion people. The country is likely to witness around ~USD 1.3 trillion of investment in housing over the next seven years and is likely to witness the construction of 60 million new homes in the country.
- Such factors in turn are estimated to boost the demand of the market studied.
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