Global Water Based Resins Market Size Study, by Type, by Application and Regional Forecasts 2022-2032

Description

The Global Water Based Resins Market is valued at approximately USD 44.44 billion in 2023 and is projected to grow at a significant CAGR of 6.90% over the forecast period 2024-2032. Water-based resins are integral to the modern push toward sustainability, offering eco-friendly solutions in applications such as paints, coatings, adhesives, and sealants. With the global emphasis on reducing volatile organic compound (VOC) emissions, water-based resins are increasingly replacing solvent-based counterparts in various industries, including construction, automotive, and consumer goods. These resins, formulated to combine functionality with environmental consciousness, are essential in meeting the growing demand for sustainable products.

The rise in construction and infrastructure projects, particularly in developing economies, has significantly driven the demand for paints and coatings, thereby bolstering the water-based resins market. Additionally, stringent environmental regulations across regions such as North America and Europe encourage industries to adopt these sustainable alternatives. However, the higher cost associated with water-based resin formulations and the potential limitations in achieving specific high-performance applications pose challenges to broader adoption.

Technological advancements are paving the way for innovations in water-based resins, particularly in developing high-performance variants that match or exceed the properties of solvent-based options. This evolution is further supported by the increasing focus on bio-based resins derived from renewable resources, aligning with global sustainability goals. The penetration of water-based resins in the adhesives and sealants sector is also expanding, driven by the demand for eco-friendly products in packaging and consumer goods. These trends collectively indicate promising growth opportunities for market stakeholders.

Geographically, North America and Europe dominate the market due to early adoption of green technologies, stringent regulatory frameworks, and a mature industrial base. The Asia Pacific region is anticipated to exhibit the fastest growth, fueled by rapid urbanization, burgeoning industrial activities, and increasing environmental consciousness in emerging economies such as China and India. Meanwhile, regions like Latin America and the Middle East & Africa are witnessing growth supported by evolving infrastructure and industrialization trends.

Major market players included in this report are:

BASF SE
Dow Inc.
Arkema S.A.
Allnex Group
Covestro AG
Evonik Industries AG
Huntsman Corporation
DSM Resins & Functional Materials
Wanhua Chemical Group Co., Ltd.
Synthomer Plc
Eastman Chemical Company
Omnova Solutions Inc.
Akzo Nobel N.V.
Ashland Global Holdings Inc.
Solvay S.A.

The detailed segments and sub-segment of the market are explained below:

By Type:

Acrylic Resin
Epoxy Ester Resin
Saturated Polyester Resin
Epoxy Resin
Polyurethane Resin
Alkyd

By Application:

Paints & Coatings
Adhesives & Sealants
Inks
Leather

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Water Based Resins Market Executive Summary

1.1. Global Water Based Resins Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Water Based Resins Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Water Based Resins Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Eco-friendly Solutions
- 3.1.2. Expansion in Construction and Infrastructure Projects
- 3.1.3. Stringent Environmental Regulations
3.2. Market Challenges
- 3.2.1. Higher Cost of Water-Based Resin Formulations
- 3.2.2. Limitations in High-Performance Applications
3.3. Market Opportunities
- 3.3.1. Innovations in High-Performance Resin Variants
- 3.3.2. Growth in Bio-based and Renewable Resource Resins
- 3.3.3. Expansion in Adhesives and Sealants Sector

Chapter 4. Global Water Based Resins Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Water Based Resins Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Water Based Resins Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Acrylic Resin
- 5.2.2. Epoxy Ester Resin
- 5.2.3. Saturated Polyester Resin
- 5.2.4. Epoxy Resin
- 5.2.5. Polyurethane Resin
- 5.2.6. Alkyd

Chapter 6. Global Water Based Resins Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Water Based Resins Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Paints & Coatings
- 6.2.2. Adhesives & Sealants
- 6.2.3. Inks
- 6.2.4. Leather

Chapter 7. Global Water Based Resins Market Size & Forecasts by Region 2022-2032

7.1. North America Water Based Resins Market
- 7.1.1. U.S. Water Based Resins Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Water Based Resins Market
  - 7.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.2. Europe Water Based Resins Market
- 7.2.1. UK Water Based Resins Market
  - 7.2.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.2. Germany Water Based Resins Market
  - 7.2.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.3. France Water Based Resins Market
  - 7.2.3.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.4. Spain Water Based Resins Market
  - 7.2.4.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.4.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.5. Italy Water Based Resins Market
  - 7.2.5.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.5.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.2.6. Rest of Europe Water Based Resins Market
  - 7.2.6.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.2.6.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.3. Asia Pacific Water Based Resins Market
- 7.3.1. China Water Based Resins Market
  - 7.3.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.2. India Water Based Resins Market
  - 7.3.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.3. Japan Water Based Resins Market
  - 7.3.3.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.4. Australia Water Based Resins Market
  - 7.3.4.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.4.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.5. South Korea Water Based Resins Market
  - 7.3.5.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.5.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.3.6. Rest of Asia Pacific Water Based Resins Market
  - 7.3.6.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.6.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.4. Latin America Water Based Resins Market
- 7.4.1. Brazil Water Based Resins Market
  - 7.4.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.4.2. Mexico Water Based Resins Market
  - 7.4.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.4.3. Rest of Latin America Water Based Resins Market
  - 7.4.3.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.4.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
7.5. Middle East & Africa Water Based Resins Market
- 7.5.1. Saudi Arabia Water Based Resins Market
  - 7.5.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.1.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.5.2. South Africa Water Based Resins Market
  - 7.5.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.2.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.5.3. Rest of Middle East & Africa Water Based Resins Market
  - 7.5.3.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.5.3.3. Distribution Channel Breakdown Size & Forecasts, 2022-2032

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Dow Inc.
- 8.1.3. Arkema S.A.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Dow Inc.
- 8.3.3. Arkema S.A.
- 8.3.4. Allnex Group
- 8.3.5. Covestro AG
- 8.3.6. Evonik Industries AG
- 8.3.7. Huntsman Corporation
- 8.3.8. DSM Resins & Functional Materials
- 8.3.9. Wanhua Chemical Group Co., Ltd.
- 8.3.10. Synthomer Plc

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes