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

Description

The Global Water-borne Resins Market, valued at approximately USD 38.89 billion in 2023, is poised to expand at a CAGR of 6.90% between 2024 and 2032. The growing shift toward environmentally sustainable products is driving the demand for water-borne resins, which are widely used in paints & coatings, adhesives & sealants, inks, and leather applications. Increasing government regulations limiting volatile organic compound (VOC) emissions have propelled industries to adopt water-based resins as alternatives to solvent-based formulations. Additionally, technological advancements in emulsion polymerization and resin modification are enhancing performance attributes such as durability, chemical resistance, and adhesion properties, further accelerating market growth.

The expansion of construction, automotive, and packaging industries is fueling the demand for high-performance coatings and adhesives, wherein water-borne resins play a pivotal role. The rapid urbanization and infrastructure development in emerging economies are boosting demand for eco-friendly paints and coatings, creating lucrative growth prospects for resin manufacturers. Moreover, the increasing popularity of bio-based and hybrid water-borne resins is revolutionizing the market by offering low-carbon footprint solutions while maintaining high performance standards. However, challenges such as higher curing times, sensitivity to humidity, and fluctuating raw material prices may pose barriers to widespread adoption.

With the rising demand for protective and decorative coatings, the paints & coatings industry remains the dominant application segment, driven by increasing consumer preference for low-odor, quick-drying, and durable finishes. The adhesives & sealants segment is also witnessing substantial growth, particularly in the automotive, construction, and packaging sectors, where sustainable bonding solutions are gaining traction. Furthermore, the printing ink and leather finishing industries are increasingly leveraging water-based formulations to comply with stringent environmental regulations and reduce workplace hazards associated with solvent-based inks and coatings.

Geographically, North America leads the water-borne resins market, driven by stringent environmental policies, advancements in coatings technologies, and growing investments in sustainable materials. The United States remains the key player, with major resin manufacturers actively investing in R&D for innovative and high-performance water-based solutions. Europe follows closely, with countries like Germany, France, and the UK focusing on VOC-compliant coatings and adhesives for automotive and construction applications. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth, propelled by rapid industrialization, urban development, and government initiatives promoting green chemistry in countries such as China, India, and Japan. The Latin America and Middle East & Africa regions are also experiencing increased demand due to rising awareness of eco-friendly coatings and packaging solutions.

Major Market Players Included in This Report:

BASF SE
Dow Chemical Company
Arkema S.A.
Allnex Group
Evonik Industries AG
DSM Coatings Resins
Hexion Inc.
Mitsui Chemicals Inc.
Alberdingk Boley GmbH
Wacker Chemie AG
Celanese Corporation
DIC Corporation
Synthomer Plc
Eastman Chemical Company
Sherwin-Williams Company

The Detailed Segments and Sub-Segments 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
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market estimates & forecasts spanning 10 years (2022-2032).
Annualized revenue projections and regional-level analysis for each market segment.
Detailed examination of geographical dynamics, including country-specific insights.
Comprehensive competitive landscape featuring key players and their strategic initiatives.
Assessment of emerging trends and expert recommendations for market participants.
Evaluation of demand-supply factors shaping market growth.

Chapter 1. Global Water-borne Resins Market Executive Summary

1.1. Global Water-borne 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-borne 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-borne Resins Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Eco-Friendly Coatings and Adhesives
- 3.1.2. Regulatory Push Toward VOC-Compliant Formulations
- 3.1.3. Advancements in Emulsion Polymerization and Resin Modification
3.2. Market Challenges
- 3.2.1. Higher Curing Times and Humidity Sensitivity
- 3.2.2. Fluctuating Raw Material Prices
3.3. Market Opportunities
- 3.3.1. Expansion of Bio-based and Hybrid Resin Technologies
- 3.3.2. Rising Infrastructure and Construction Investments
- 3.3.3. Growing Adoption in Emerging Economies

Chapter 4. Global Water-borne 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 Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

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

5.1. Segment Dashboard
5.2. Global Water-borne 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-borne Resins Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Water-borne 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-borne Resins Market Size & Forecasts by Region 2022-2032

7.1. North America Water-borne Resins Market
- 7.1.1. U.S. Water-borne Resins Market
  - 7.1.1.1. Breakdown by Type and Application, 2022-2032
- 7.1.2. Canada Water-borne Resins Market
7.2. Europe Water-borne Resins Market
- 7.2.1. UK Water-borne Resins Market
- 7.2.2. Germany Water-borne Resins Market
- 7.2.3. France Water-borne Resins Market
- 7.2.4. Spain Water-borne Resins Market
- 7.2.5. Italy Water-borne Resins Market
- 7.2.6. Rest of Europe Water-borne Resins Market
7.3. Asia-Pacific Water-borne Resins Market
- 7.3.1. China Water-borne Resins Market
- 7.3.2. India Water-borne Resins Market
- 7.3.3. Japan Water-borne Resins Market
- 7.3.4. Australia Water-borne Resins Market
- 7.3.5. South Korea Water-borne Resins Market
- 7.3.6. Rest of Asia-Pacific Water-borne Resins Market
7.4. Latin America Water-borne Resins Market
- 7.4.1. Brazil Water-borne Resins Market
- 7.4.2. Mexico Water-borne Resins Market
- 7.4.3. Rest of Latin America Water-borne Resins Market
7.5. Middle East & Africa Water-borne Resins Market
- 7.5.1. Saudi Arabia Water-borne Resins Market
- 7.5.2. South Africa Water-borne Resins Market
- 7.5.3. Rest of Middle East & Africa Water-borne Resins Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Dow Chemical Company
- 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 Chemical Company
- 8.3.3. Arkema S.A.
- 8.3.4. Allnex Group
- 8.3.5. Evonik Industries AG
- 8.3.6. DSM Coatings Resins
- 8.3.7. Hexion Inc.
- 8.3.8. Mitsui Chemicals Inc.
- 8.3.9. Alberdingk Boley GmbH
- 8.3.10. Wacker Chemie AG
- 8.3.11. Celanese Corporation
- 8.3.12. DIC Corporation
- 8.3.13. Synthomer Plc
- 8.3.14. Eastman Chemical Company
- 8.3.15. Sherwin-Williams Company

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