360 MARKET UPDATES Report provides a 360-degree overview of the global Water Based Resins Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Water Based Resins Market – Segmented by Type, Application and geography – Growth, Trends, and Forecast (2018 – 2023)”
Global “Water Based Resins Market” is expected to register a CAGR of approximately 6.12% during the forecast period of (2018 – 2023). Also, Water Based Resins Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Water Based Resins Analysis.
Water Based Resins market Report provides a 360-degree overview of the global Water Based Resins market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Water Based Resins Market Report Covers Leading Manufacturers: BASF SE , 3M, AkzoNobel N.V., Allnex Belgium S.A. , Cytec Industries Inc. , DowDuPont, Eastman Chemical Company , Henkel AG & Co. KGAA , Huntsman Corporation , Momentive Performance Materials Holdings LLC , Nan Ya Plastics Corporation , Royal DSM N.V.
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The water based resins market is expected to register a CAGR of approximately 6.12% during the forecasted period, 2018-2023. The market is driven by growing VOC regulations in coatings, along with increasing consumer awareness in ecofriendly products. However, the market is restrained by high costs accompanied by low performance compared to the substitutes.
Growing VOC Regulations Driving the Market
In coatings industry, VOCs (volatile organic compounds) are found in wide variety of everyday products such as solvent-based paints/coatings. These products release VOCs, which are the major causes of air pollution and smog. Therefore, the governments have implemented various control measures to improve the air quality. Countries like China and United States have increased the regulations on VOCs. In China, the government has implemented the Air Pollution Prevention and Control Action Plan in 2015. These policies had a significant impact in many areas especially in the comprehensive control of VOCs like chemical, packaging, printing, and coatings industries. In response these policies have pushed the companies to adopt new technologies, which includes high-solid, solvent-less and waterborne technologies at an unprecedented speed.
âCoatingsâ the Dominant Application
Based on application, coatings is the dominant application accounting to more than 50% of market share. Coatings demand has been mainly because of growing construction industry in Asia Pacific economies like China and India which are providing opportunities for the water resins market. In India, the government is planning to increase the residential homes to the 1.3 billion population during the period 2018 – 2024. Therefore the government has approved a USD 1.3 trillion investment for the construction of residential units.
Asia Pacific – the Largest Market Share
Asia Pacific accounts for the largest share of water based resins in 2017 with major demand from China. Factors, such as, consumer preference for ecofriendly technology along with growing end users is expected to drive the market, during the forecasted period. Chinaâs ink industry which is estimated at USD 160 billion also drives the market as it is the largest market in the country. According to Ink World, the annual sales of ink is greater than USD 1.5 billion. In China, environment plays a significant role with issues such as pollution control and regulations on packaging inks.
Major Players: 3M, BASF, DowDuPont, Eastman, Henkel, and Huntsman, amongst others
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Reasons to Purchase Water Based Resins Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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