The report “Water Based Resins Market by Type (Acrylics, Alkyds, Epoxies, Polyurethanes and Others) by Application (Coatings, Adhesives & Sealants, Inks and Others) & by region - Global Trends & Forecasts to 2020” defines and segments the water-based resins market with analysis and forecast of the market size.
The water-based resins market is projected to register a size in terms of value of USD 42.7 Billion by 2020, at a CAGR of 5.5% between 2015 and 2020.
Asia-Pacific: The biggest market for water-based resins
Asia-Pacific is the biggest as well as the fastest-growing market for water-based resins, it accounted for a share of 44.9% of the global market in terms of value in 2014. This market position achieved by Asia-Pacific is majorly contributed by China and India. India is estimated to be the fastest-growing market for water-based resins in the region owing to increasing population and consumer preference for ecofriendly technology.
Water-based Polyurethane Resins: The fastest-growing resin type of water-based resins
The water-based polyurethanes are the fastest-growing type of water-based resins. Asia-Pacific and Europe are currently the largest consumers of water-based polyurethanes, and accounted for a share of about 47.7% and 31.8% in 2014 in terms of value. Water-based polyurethanes segment is an emerging and the fastest-growing segment mainly used on metals, wood, textiles, and plastics.
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