CHICAGO, June 18, 2024 /PRNewswire/ -- 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.

Browse in-depth TOC on "Water-based Resins Market"

362 – Tables
52 – Figures
300 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56129737

Among types, the acrylic resins market is projected to grow at the highest CAGR during the forecast period from 2024 to 2029

Water-based acrylic resin, derived from acrylic acid or its derivatives and dispersed in water, has garnered significant attention across industries owing to its versatility, user-friendliness, and eco-friendly nature compared to solvent-based counterparts. Utilizing water as the solvent, these resins are extensively applied in paints, coatings, adhesives, sealants, inks, and other coating-related applications. They are particularly prominent in industrial and commercial coatings, notably protective coatings. Water-based acrylic paints, preferred for both interior and exterior surfaces such as walls, woodwork, metal, and plastic, boast remarkable adhesion, durability, and rapid drying properties. They offer exceptional chemical and physical resistance, ensuring prolonged durability for the coated surfaces. Furthermore, their reduced volatile organic compound (VOC) emissions contribute to their environmental friendliness. With increasing environmental regulations targeting VOC emissions, the gradual displacement of solvent-based acrylic resins by water-based alternatives in paints and coatings is foreseeable.

The adhesives & sealants application is projected to grow at the highest CAGR between 2024 and 2029

The adhesive and sealants sector are anticipated to experience the most significant growth during the forecast period. Water-based resins find application in diverse areas such as paints, coatings, adhesives, sealants, and inks. The rising demand for water-based adhesives in construction and paper packaging industries is expected to drive the growth of adhesive and sealant applications in the future. The strong bonding capability of water-based adhesives with polar substrates has spurred the expansion of water-based resins. Additionally, water-based sealants are predominantly utilized in the construction industry for waterproof coating on concrete surfaces.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=56129737

"North America accounts for the 3rd largest share in terms of the value of the water-based resins market."

The North American water-based resins market ranks as the third largest globally, experiencing robust growth driven by increasing environmental awareness and stringent regulations favoring eco-friendly materials. The market is heavily regulated by the EPA, promoting the use of water-based resins due to their low VOC emissions and sustainable properties. The construction sector, particularly in the US, is a key driver, with substantial investments in residential, commercial, and infrastructure projects. Canada and Mexico also contribute to this growth with investments in urban development and renovation projects. This surge in construction activities fuels demand for architectural coatings, where water-based resins play a vital role, further propelling market expansion.

Key players

The Water-based resins market comprises key manufacturers such as are BASF SE (Germany), the Lubrizol Corporation (US), Dow (US), Covestro AG (Germany), Westlake Corporation (US), Arkema (France), DIC Corporation (Japan), Allnex GMBH (Germany), ADEKA CORPORATION (Japan), and Olin Corporation (US) among are the major players in the water-based resins market.

Browse Adjacent Market: Resins and Polymers Market Research & Consulting

Related Reports:

Paints & Coatings Market - Global Forecast to 2027

Water-based Adhesive Market - Global Forecast to 2023

Epoxy Resin Market - Global Forecast to 2028

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/water-based-resin-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source : https://www.marketsandmarkets.com/PressReleases/water-based-resin.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

View original content:https://www.prnewswire.co.uk/news-releases/water-based-resins-market-worth-73-7-billion-by-2029--exclusive-report-by-marketsandmarkets-302175347.html