Water-Based Resins Market Opportunity, Growth Analysis Forecast 2023

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Water-Based Resins Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Water-Based Resins Market Research Report-
Forecast to 2023
Water-Based Resins Market - Overview
Water-Based Resins refer to low volatile viscous
liquids that are used in various coatings to
increase product life and reduce corrosion. These
resins enable fast drying, excellent shine, and
good pigmentation. It can be used in the interior
and exterior wall, wood, or industrial paints.
The Global Water-Based Resins Market is set to
achieve heightened CAGR on the expansion graph
during the forecast period. There are various
factors mentioned in the latest report released
by Market Research Future (MRFR). These factors
include rapid urbanization and stringent
environmental restrictions on the use of volatile
organic compounds. Since Water-Based Resins
contain lower quantities of volatile compounds,
as compared to other solvent-based resins, a
growing inclination towards the adoption of
Water-Based Resins is seen on the rise,
augmenting the global market. Further, a broad
scope of application of Water-Based Resins in
various end-user industries like paper, textiles
fibers, cement, pavements infrastructure, and
wood finishes is pushing the Global Water-Based
Resins Market to a great extent. A significant
growth noted in the construction industry owing
to the unparalleled growth of the population
across the globe coupled with rapid
industrialization is anticipated to promote
strong growth in the Global Water-Based Resins
Market through the assessment period.
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Water-Based Resins Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Water-Based Resins Market is studied
by Market Research Future (MRFR) for various
segments carried out by of Type, Application, and
Region. Based on Type, the Water-Based Resins
Market is segmented into epoxy ester resin,
acrylic resin, epoxy resin, polyurethane resin,
saturated polyester resin, and alkyd resin. The
Acrylic Resin Segment is anticipated to lead the
Global Water-Based Resins Market. These resins
provide resistance against chemicals, water,
heat, as well as the weather. Other desirable
qualities of the acrylic resin include the
hardness, adhesion, and luster. Because of their
durability and wearability as a coating material,
acrylic resins are used on a massive scale in
various end-use industries such as automotive,
architecture, and plastic coatings. Owing to
these factors, the demand for Water-Based Acrylic
Resins is accelerating and is projected to
augment the market through the review
period. Based on Application, the Water-Based
Resins Market is segmented into adhesives,
sealants, inks, leather, and paints coatings.
The paints and coatings segment possessed the
largest market share at the beginning of the
forecast period. Attributable factors for such
market domination include rapid urbanization and
growth noted in the building and construction
industry. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/water
-based-resins-market-6357
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Water-Based Resins Market Research Report-
Forecast to 2023
Regional Outlook
The Global Water-Based Resins Market is
regionally segmented into North America, South
America, Asia Pacific, Europe, and the Middle
East Africa. In 2017, Asia Pacific dominated
the Global Water-Based Resins Market. Increasing
construction activities and rapid
industrialization are primary factors causative
of the bolstering growth noted in the Regional
Water-Based Resins Market during the assessment
period. Major companies are observed to shift
their production operations to Asia Pacific,
further fueling market growth in the
region. North America is likely to witness
significant growth for Water-Based Resins, owing
to technological advancements in the paints and
coatings industry. Strict environmental
regulations to encourage the use of zero-emission
coatings in the region is another factor
influencing a positive ascension of the
Water-Based Resins Market. Moreover, increasing
demand for Water-Based Resins from the
architectural sector is projected to drive
sizeable growth in the regional market. Europe is
estimated to exhibit substantial growth during
the assessment period. Russia, France, and
Germany are anticipated to lead the
country-specific market for Water-Based Resins in
the region. This can be accredited to the growing
opportunities for market players existing in the
regional market. The Middle East Africa is
projected to register substantial growth in the
review period. This can be owed to the developing
infrastructure in the region.
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Water-Based Resins Market Research Report-
Forecast to 2023
Major Players in this Research

• Water-Based Resins Market Prominent Players
• BASF SE (Germany)
• Lawter Inc. (US)
• DowDuPont (US)
• Allnex Group (Germany)
• the Lubrizol Corporation (US)
• Hexion (US)
• Royal DSM NV (Netherlands)
• DIC Corporation (Japan)
• Arkema (France)
• BELIKE Chemical (China)
• Vil Resins (UK)
• Arakawa Chemical Industries Ltd (Japan) and KITO
  Chemical Co. Ltd (China)

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