The report “Water-based Resins Market by Type (Acrylic, Epoxy, Alkyd, Polyurethane, Vinyl, Polyester), Application (Paints & Coatings, Adhesives & Sealants, Inks), and Region (Asia Pacific, North America, Europe, MEA and South America) – Global Forecast to 2029″, size is projected to grow from USD 56.5 billion in 2024 and is projected to reach USD 73.7 Billion by 2029, at a CAGR of 5.5%. The growth of the water-based resins market is primarily driven by rising demand from the paints and coatings, as well as adhesives and sealants sectors. This surge in demand can be attributed to stringent regulations imposed by various governments on the permissible levels of volatile organic compounds (VOCs). These regulations have led to a significant decrease in the use of solvent-based technology, while encouraging the adoption of water-based alternatives. As a result, manufacturers are increasingly turning towards water-based resins to comply with these regulations and meet the growing demand for environmentally-friendly products.
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• 362 Market data Tables
• 52 Figures
• 286 Pages and in-depth TOC on “Water-based Resins Market – Global Forecast to 2029″
• 52 Figures
• 286 Pages and in-depth TOC on “Water-based Resins Market – Global Forecast to 2029″
Some of the prominent key players are:
- BASF SE (Germany),
- the Lubrizol Corporation (US),
- Dow (US),
- Covestro AG (Germany),
- Westlake Corporation (US),
- Arkema (France), and many more….
Driver: Increasing shift toward environmentally friendly products
Because of their eco-friendly qualities, water-based resins are increasingly being used as solvent-based resin alternatives in paints, varnishes, inks, and adhesives. Stricter laws intended to lower volatile organic compound (VOC) emissions have reduced the usage of solvent-based resins with high VOCs, which were once popular. VOCs provide serious threats to human health and the environment and are present in dangerous compounds like formaldehyde and benzene. Strict regulations have been put in place to control VOC emissions in a number of nations, including the US, the UK, and Germany. For example, indoor coating VOCs are limited by the US EPA to 380 grains per liter. In a similar vein, China, which plays a major role in the paint and coatings industry, requires water-based coatings in a variety of applications to lower VOC emissions. These regulations drive the shift from high-VOC solvent-based resins to water-based resins, spurring innovation and shaping the market as manufacturers develop products that comply with these environmental standards while maintaining high performance and quality.
