Global Water-Based Resins Market Size By Type, By Application, By Geographic Scope And Forecast
Water-Based Resins Market Size And Forecast
Water-Based Resins Market was valued at USD 38.69 Billion in 2018 and is projected to reach USD 60.7 Billion by 2026, growing at a CAGR of 5.76% from 2019 to 2026.
Global Water Based Resins Market Overview
The stringent regulation with the use of VOC (volatile organic compound) is one of the major causes of air pollution and smog. The rules and regulations have pushed the company to adopt new technologies such as solvent-less and waterborne technologies, which is anticipated to boost the demand for water-based resins. The increasing consumer awareness and the adoption of eco-friendly products are one of the major factors which are likely to propel the market. Consumer's preference is shifting toward environmentally-friendly products and rising demand for composites are further major drivers of the water-based resin market. The benefits of using water-based resins in the polymer industry are they enhanced adhesion to non-porous surfaces, superior hardness, excellent finish, improved flow and solubility, and longer storage stability.
Frequently Asked Questions (FAQs)
Global Water-Based Resins Market: Segmentation Analysis
The Global Water-Based Resins Market is segmented based on Type,Application, and Geography.
Key Players In Water-Based Resins Market
The Global Water-Based Resins Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Allnex Group
- Celanese Corporation
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