Water-Based Resins Market Overview:
The Water-Based Resins market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Water-Based Resins Market as well as the factors influencing regional variations in the growth of the sector.
Water-Based Resins Market was valued at US$ 38.56 Bn. in 2020 and is expected to reach US$ 56.09 Bn. by 2027, at a CAGR of 5.5 % during a forecast period.
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Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Drivers:
The market for water-based resins is in high demand due to the expanding use of adhesives, sealants, and paints and coatings. Various governments have strict guidelines for the maximum allowed levels of volatile organic compounds (VOCs). This has reduced the use of technology based on solvents and encouraged the use of technology based on water. Therefore, the market’s growth and demand are likely to be boosted during the anticipated period by increasing urbanisation and strict environmental restrictions on the use of VOCs.
Segmentation:
Acrylic resins are the most diverse resin type in terms of type. They are widely applied in adhesive and sealant applications. Since they provide better chemical and physical resistance, ensuring a longer lifespan of the material they are applied to, the demand for water-based acrylic resins has increased. Due to environmental regulations pertaining to VOC emissions, water-based acrylic resins are expected to completely replace solvent-based acrylic resins in the paints and coatings application in the near future.
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Key Players:
To identify the market’s leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study’s in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and market breakdowns. The results of these calculations are then compared to primary data. The Water-Based Resins market is dominated by the following businesses:
• BASF
• DowDuPont
• Allnex Group
• The Lubrizol Corporation
• Royal DSM N.V.
• Hexion
• Arkema
• DIC Corporation
• Covestro AG
• Adeka Corporation
• Belike
• Grupo Synthesia
• Olin Corporation
• Bond Polymers International
• Celanese Corporation
• Elantas
• Hexion
Regional Analysis:
The regional overview of market research for Water-Based Resins also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
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COVID-19 Impact Analysis on Water-Based Resins Market:
Owing to a halt in operations, the growth of end-user industries using Water-Based Resins decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Water-Based Resins manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market’s expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Water-Based Resins has been severely decreased.
Key Questions Answered in the Water-Based Resins Market Report are:
- Which market segment accounted for the most percentage of Water-Based Resins in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Water-Based Resins market’s growth?
- Which region dominates the Water-Based Resins market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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