Global Water-Based Resins Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Water-Based Resins Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global water-based resins market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. The global water-based resins market report has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Water-based resins can be classified into various types such as acrylic resins, epoxy resins, alkyd resins, and polyurethane resins. Acrylic resins are a group of related thermoplastic or thermosetting plastic substances derived from acrylic acid, meth acrylic acid or other related compounds.
Increasing use of water-based resins owing to increasing shift toward environmentally-friendly products is a major factor driving growth of the global water-based resins market. In addition, rising demand for water-based resins from paints and coatings industry is another factor expected to fuel growth of the target market over the forecast period. Furthermore, increasing use of water based resins in different kinds of composites is another factor expected to drive growth of the target market in the forecast period.
However, high cost associated with water-based resins as well as its low performance as compared with the other resins is major factor expected to limit growth of the global water-based resins market over the forecast period.
By application, the global water-based resins market is segmented based on paints & coatings, adhesives & sealants, inks, and others. The paints & coatings segment is expected to register fastest growth rate over the forecast period, owing to rising environmental regulations to reduce the use of solvent-based technology.
Market in Asia Pacific accounted for significant revenue share of the target market in terms of revenue contribution as compared to that of markets in other regions, owing to growing construction sector which in turn creates high demand for water-based resins from India, China, Japan, among other countries, in the region. The market in the Europe is projected to register comparatively faster growth in terms of revenue over the next 10 years. This can be attributed to rising demand for water-based resins owing to, growing demand for environmental-friendly products, in the region over the forecast period. North America accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%. The markets in Latin America and Middle East and Africa are expected to register moderate growth rate in the global water-based resins market over the forecast period.
Global Water-Based Resins Market Segmentation:
Global water-based resins market segmentation, by type:
Global water-based resins market segmentation, by application:
- Paints & Coatings
- Adhesives & Sealants
Global water-based resins market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Dowdupont Inc.
- BASF SE
- The Lubrizol Corporation
- Royal DSM N.V.
- Allnex Group
- Hexion Inc.
- Arkema S.A.
- DIC Corporation
- Covestro AG
- Celanese Corporation
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