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    Water-Based Resins Market Size

    ID: MRFR/CnM/4896-HCR
    140 Pages
    Priya Nagrale
    September 2025

    Water-Based Resins Market Research Report Information by Type (Acrylic Resin, Epoxy Ester Resin, Saturated Polyester Resin, Epoxy Resin, Polyurethane Resin, Alkyd), Application (Paints & Coatings, Adhesives & Sealants, Inks, Leather) and Region - Forecast till 2032

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    Water-Based Resins Market Infographic
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    Water Based Resins Size

    Water-Based Resins Market Growth Projections and Opportunities

    The water-based resins market is estimated at USD 38.89 billion in 2021 and is projected to reach USD 52.69 billion by 2028, at a CAGR of 6.9% from 2022 to 2028. The water-based resins market is influenced by various market factors that shape its dynamics, growth, and trends. Supply and demand dynamics play a crucial role in determining the market scenario. The demand for water-based resins is heavily influenced by their eco-friendly nature and lower volatile organic compound (VOC) emissions compared to solvent-based alternatives. This factor has significantly increased their adoption across industries, including paints and coatings, adhesives, and packaging. The market is also impacted by regulatory frameworks and environmental policies. Stringent regulations aimed at reducing VOC emissions and promoting sustainable products have fueled the demand for water-based resins. Compliance with these regulations has become a key driver for manufacturers and end-users, leading to a shift away from solvent-based resins. Technological advancements and innovations have played a pivotal role in market growth. Continuous research and development efforts have led to the introduction of improved formulations with enhanced performance characteristics, such as better adhesion, durability, and flexibility. These innovations have widened the application scope of water-based resins, driving market expansion. The construction industry acts as a significant driver for the water-based resins market. With increasing urbanization and infrastructure development projects worldwide, there's a growing demand for water-based resins in construction-related applications like architectural coatings, flooring, and sealants. The emphasis on sustainable and durable construction materials has further propelled the use of these resins in the sector. Market dynamics are also influenced by economic factors such as GDP growth, consumer spending patterns, and industrialization. As economies grow and consumer preferences shift towards environmentally friendly products, the demand for water-based resins is expected to rise. Conversely, economic downturns may impact market growth due to reduced investments in construction and manufacturing activities. Globalization and trade dynamics also impact the water-based resins market. Fluctuations in raw material prices, trade tariffs, and supply chain disruptions can affect market stability and pricing. Additionally, the market is affected by the competitive landscape and the strategies adopted by key players, including mergers, acquisitions, collaborations, and product launches, which can influence market share and overall growth. Environmental factors, such as water scarcity and climate change, also have implications for the water-based resins market. Manufacturers are under pressure to develop sustainable production processes and source raw materials responsibly to minimize their environmental impact. Consumer awareness and preference for eco-friendly products further drive the adoption of water-based resins.

    Water-Based Resins Market Size Graph

    Market Summary

    The Global Water-Based Resins Market is projected to grow from 40.1 USD Billion in 2024 to 73.6 USD Billion by 2035.

    Key Market Trends & Highlights

    Global Water-Based Resins Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 5.66 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 73.6 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 40.1 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of eco-friendly materials due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 40.1 (USD Billion)
    2035 Market Size 73.6 (USD Billion)
    CAGR (2025-2035) 5.66%
    Largest Regional Market Share in 2024 latin_america)

    Major Players

    BASF SE (Germany), Lawter Inc. (US), DowDuPont (US), Allnex Group (Germany), 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), KITO Chemical Co. Ltd (China)

    Market Trends

    The increasing regulatory emphasis on sustainability and environmental compliance is driving the adoption of water-based resins across various industries, reflecting a broader shift towards eco-friendly materials.

    U.S. Environmental Protection Agency

    Water-Based Resins Market Market Drivers

    Regulatory Compliance

    Regulatory compliance is a significant driver in the Global Water-Based Resins Market Industry. Governments are increasingly enforcing regulations that limit the use of harmful chemicals in industrial applications. This regulatory landscape compels manufacturers to adopt water-based resins, which are often less hazardous and more compliant with environmental standards. For instance, the U.S. Environmental Protection Agency has established guidelines that promote the use of water-based products in various sectors, including construction and automotive. As compliance becomes more stringent, the market is expected to grow at a CAGR of 5.66% from 2025 to 2035, reflecting the shift towards safer alternatives.

    Sustainability Initiatives

    The Global Water-Based Resins Market Industry is increasingly driven by sustainability initiatives. Governments and organizations worldwide are emphasizing eco-friendly products, leading to a shift from solvent-based to water-based resins. This transition is not only beneficial for the environment but also aligns with regulatory frameworks aimed at reducing volatile organic compounds. For instance, the European Union has implemented stringent regulations that encourage the adoption of water-based solutions in various applications, including coatings and adhesives. As a result, the market is projected to reach 40.1 USD Billion in 2024, reflecting the growing demand for sustainable alternatives.

    Technological Advancements

    Technological advancements play a crucial role in the Global Water-Based Resins Market Industry. Innovations in resin formulations and production processes enhance the performance characteristics of water-based resins, making them more competitive against traditional solvent-based options. For example, advancements in polymer chemistry have led to the development of high-performance water-based coatings that offer superior durability and adhesion. These improvements are likely to attract a broader range of applications, further expanding the market. The anticipated growth trajectory suggests that the market could reach 73.6 USD Billion by 2035, driven by these technological innovations.

    Growing Demand in End-User Industries

    The Global Water-Based Resins Market Industry is experiencing growing demand from various end-user industries, including automotive, construction, and packaging. These sectors are increasingly adopting water-based resins due to their lower environmental impact and superior performance characteristics. For instance, the automotive industry is utilizing water-based coatings to enhance vehicle aesthetics while adhering to environmental regulations. This trend is expected to contribute significantly to market growth, with projections indicating a market size of 40.1 USD Billion in 2024. The versatility of water-based resins positions them favorably across multiple applications, further driving demand.

    Consumer Preferences for Eco-Friendly Products

    Consumer preferences are shifting towards eco-friendly products, significantly influencing the Global Water-Based Resins Market Industry. As awareness of environmental issues grows, consumers are increasingly seeking products that minimize ecological impact. This trend is particularly evident in the coatings and adhesives sectors, where water-based resins are favored for their lower emissions and reduced toxicity. Manufacturers are responding to this demand by developing innovative water-based solutions that meet consumer expectations for sustainability. This shift in consumer behavior is likely to propel the market towards a projected value of 73.6 USD Billion by 2035, reflecting the changing landscape of consumer preferences.

    Market Segment Insights

    Regional Insights

    Key Companies in the Water-Based Resins Market market include

    Industry Developments

    BASF SE extended its water-based resins production facility in Heerenveen, the Netherlands, in March 2018. The company hopes to strengthen its position as a leading manufacturer of water-based resins with this investment. The market's largest player is Covestro AG (Germany), and players are using strategies such as new product development, expansions, agreements, and mergers and acquisitions to stay ahead of the competition.

    Intended Audience

      • Water-based resins manufacturers
      • Traders and distributors of water-based resins
      • Research and development institutes
      • Potential investors
      • Raw material suppliers
      • Nationalized laboratories

    Future Outlook

    Water-Based Resins Market Future Outlook

    The Global Water-Based Resins Market is projected to grow at a 5.66% CAGR from 2024 to 2035, driven by increasing environmental regulations and demand for sustainable products.

    New opportunities lie in:

    • Develop innovative formulations for high-performance coatings targeting automotive and industrial applications.
    • Expand distribution channels in emerging markets to capitalize on rising demand for eco-friendly materials.
    • Invest in R&D for bio-based resins to enhance product offerings and meet sustainability goals.

    By 2035, the Global Water-Based Resins Market is expected to achieve substantial growth, reflecting evolving consumer preferences and regulatory landscapes.

    Market Segmentation

    Report Scope

    Report Attribute/Metric Details
      Market Size   2030: 52.69 billion
      CAGR   2022–2030: 6.90%
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Application, and Region
      Geographies Covered   Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
      Key Vendors   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)
      Key Market Opportunities   Water-based resins contain very low quantities of volatile compounds as compared to solvent-based resins, thus making them environmentally friendly.
      Key Market Drivers   Rapid urbanization and stringent environmental restrictions on the use of volatile organic compounds is expected to boost the demand for water-based resins in the years to follow.

    Market Highlights

    Author

    Priya Nagrale
    Senior Research Analyst

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM

    FAQs

    What would primarily bolster the water-based resins market growth?

    Rapid industrialization and environmental restrictions would drive global market growth.

    Which region would dominate the global water-based resins market?

    The Asia Pacific market would dominate the global dynamics.

    What would ensure growth for the North American water-based resins market growth?

    Hike in the inclusion of technologies in the paints and coatings industries and strict environmental laws to promote the water-based resins market growth.

    The European water-based resins market would profit from which industry?

    Construction industry and renovation projects to inspire the European market.

    What are the applications discussed for the water-based resins market report?

    The report includes segments like adhesives & sealants, inks, leather, paints & coatings, and others.

    1. 'TABLE OF CONTENTS
      1. Market Definition
      2. Scope of the Study
        1. Research Objectives
        2. Assumptions & Limitations
      3. Markets Structure
      4. Research Process
      5. Secondary Research
      6. Primary Research
      7. Forecast Model
    2. Porter’s Five Forces Analysis
      1. Threat of New Entrants
    3. Bargaining Power of Buyers
      1. Threat of Substitutes
        1. Segment Rivalry
      2. Value Chain/Supply Chain of Global Water-Based Resins Market
      3. Introduction
      4. Growth Drivers
      5. Impact Analysis
      6. Market Challenges
      7. Introduction
      8. Growth Trends
      9. Impact Analysis
      10. Introduction
      11. Acrylic Resin
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Region, 2020–2027
      12. Epoxy Ester Resin
        1. Market Estimates & Forecast, 2020–2027
    4. Market Estimates & Forecast by Region, 2020–2027
      1. Saturated Polyester Resin
        1. Market Estimates & Forecast, 2020–2027
        2. Market
    5. Estimates & Forecast by Region, 2020–2027
      1. Epoxy Resin
    6. Market Estimates & Forecast, 2020–2027
      1. Market Estimates
    7. Forecast by Region, 2020–2027
      1. Polyurethane Resin
        1. Market
    8. Estimates & Forecast, 2020–2027
      1. Market Estimates & Forecast by Region, 2020–2027
      2. Alkyd Resin
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Region, 2020–2027
      3. Others
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Region, 2020–2027
    9. Water-Based Resins Market, by Application
      1. Introduction
      2. Paints & Coatings
        1. Market Estimates & Forecast, 2020–2027
    10. Market Estimates & Forecast by Region, 2020–2027
      1. Adhesives & Sealants
        1. Market Estimates & Forecast, 2020–2027
    11. Market Estimates & Forecast by Region, 2020–2027
      1. Inks
    12. Market Estimates & Forecast, 2020–2027
      1. Market Estimates
    13. Forecast by Region, 2020–2027
      1. Leather
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Region, 2020–2027
      2. Others
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Region, 2020–2027
    14. Water-Based Resins Market, by Region
      1. Introduction
      2. North America
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates
    15. & Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. US
        2. Canada
    16. Market Estimates & Forecast by Application, 2020–2027
      1. Europe
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates
    17. & Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. Germany
        2. France
        3. Italy
    18. Market Estimates & Forecast by Type, 2020–2027
      1. Market Estimates
    19. & Forecast by Application, 2020–2027
      1. Spain
        1. Market
    20. Estimates & Forecast, 2020–2027
      1. Market Estimates & Forecast by Type, 2020–2027
        1. Market Estimates & Forecast by Application, 2020–2027
        2. UK
    21. Market Estimates & Forecast by Application, 2020–2027
      1. Russia
        1. Market Estimates & Forecast, 2020–2027
    22. & Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. Poland
      2. Asia-Pacific
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Type, 2020–2027
        3. Market Estimates & Forecast by Application, 2020–2027
        4. China
    23. Market Estimates & Forecast by Type, 2020–2027
      1. Market Estimates
    24. & Forecast by Application, 2020–2027
      1. India
        1. Market
    25. Estimates & Forecast, 2020–2027
      1. Market Estimates & Forecast by Type, 2020–2027
        1. Market Estimates & Forecast by Application, 2020–2027
        2. Japan
    26. Market Estimates & Forecast by Application, 2020–2027
      1. Australia
        1. Market Estimates & Forecast, 2020–2027
    27. & Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. New Zealand
        2. Rest of Asia-Pacific
      2. Middle East & Africa
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast by Type, 2020–2027
        3. Market
    28. Estimates & Forecast by Application, 2020–2027
      1. Turkey
    29. Market Estimates & Forecast, 2020–2027
      1. Market Estimates
    30. Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. Israel
        2. North Africa
    31. Market Estimates & Forecast by Application, 2020–2027
      1. GCC
        1. Market Estimates & Forecast, 2020–2027
    32. & Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. Rest of the Middle East & Africa
    33. Estimates & Forecast by Type, 2020–2027
      1. Market Estimates
    34. & Forecast by Application, 2020–2027
      1. Latin America
    35. Market Estimates & Forecast, 2020–2027
      1. Market Estimates
    36. Forecast by Type, 2020–2027
      1. Market Estimates & Forecast by Application, 2020–2027
        1. Brazil
        2. Argentina
    37. Market Estimates & Forecast by Application, 2020–2027
      1. Mexico
        1. Market Estimates & Forecast, 2020–2027
    38. Estimates & Forecast by Type, 2020–2027
      1. Market Estimates
    39. & Forecast by Application, 2020–2027
      1. Rest of Latin America
        1. Market Estimates & Forecast, 2020–2027
    40. Estimates & Forecast by Type, 2020–2027
      1. Market Estimates
    41. & Forecast by Application, 2020–2027
      1. BASF SE
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      2. Lawter Inc.
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      3. DowDuPont
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      4. Allnex Group
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      5. The Lubrizol Corporation
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      6. Hexion
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      7. Royal DSM NV
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      8. DIC Corporation
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      9. Arkema
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      10. BELIKE Chemical
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      11. Vil Resins
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      12. Arakawa Chemical Industries Ltd
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      13. KITO Chemical Co. Ltd
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
    42. Water-Based Resins Market, by Region, 2020–2027
    43. Water-Based Resins Market, by Country, 2020–2027
    44. Resins Market, by Country, 2020–2027
    45. Resins Market, by Country, 2020–2027
    46. Water-Based Resins Market, by Country, 2020–2027
    47. Water-Based Resins Market, by Country, 2020–2027
    48. Resins Type Market, by Region, 2020–2027
    49. Resins Type Market, by Country, 2020–2027
    50. Resins Type Market, by Country, 2020–2027
    51. Resins Type Market, by Country, 2020–2027
    52. Africa: Water-Based Resins Type Market, by Country, 2020–2027
    53. Market, by Country, 2020–2027
    54. Application Market, by Country, 2020–2027 by Region, 2020–2027 2020–2027 2020–2027 2020–2027 2020–2027
    55. Forces Analysis of Water-Based Resins Market
    56. of Water-Based Resins Market Country, 2020 (%)

    Water-Based Resins Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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