Northbrook, IL -- (SBWIRE) -- 06/27/2018 -- The growth of the water-based resins market can be attributed to the increasing demand from the paints & coatings and adhesives & sealants applications. Governments of various economies have established stringent regulations for permissible amount of VOCs. This has caused a reduction in the use of solvent-based technology and promoted the use of water-based technology.

To know about the assumptions considered for the study, https://www.marketsandmarkets.com/pdfdownload.asp?id=56129737

Among types, the acrylic resins market is projected to grow at the highest CAGR during the forecast period from 2018 to 2023

Based on type, the water-based resins market has been segmented into acrylic, epoxy, alkyd, polyurethane, and others. The acrylic resins segment accounted for the largest share of the water-based resins market in 2017 and is projected to grow at the highest CAGR during the forecast period. These resins are mainly used in the paints & coatings application.

The adhesives & sealants application is projected to grow at the highest CAGR between 2018 and 2023

The adhesives & sealants application is projected to grow at the highest rate during the forecast period. Water-based resins are used in various applications such as paints & coatings, adhesives & sealants, and inks. The demand for adhesive & sealants application is expected to grow in the future, due to increasing demand for water-based adhesives in building & construction and paper & packaging industries. The good bonding power of water-based adhesive with polar substrates has triggered the growth of water-based resins, and water-based sealants are used majorly in the construction industry as waterproof coating on concrete surfaces.

The water-based resins market in Asia Pacific is projected to grow at the highest CAGR during the forecast period

The growth of the water-based resins market in APAC can be attributed to the increasing demand from the building & construction industry. Countries in APAC utilizing water-based technology on a large scale include China, India, Japan, South Korea, and Indonesia. The region is witnessing increased growth in industries such as automotive and textile. This factor has positively influenced the growth of the water-based resins market.

For more information, https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=56129737

BASF (Germany), DowDuPont (US), Allnex Group (Germany), The Lubrizol Corporation (US), Royal DSM N.V. (Netherlands), Hexion (US), Arkema (France), DIC Corporation (Japan), and Covestro AG (Germany) are key players operating in the water-based resins market.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com