Market Overview:
The global water-based resins market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for bio-based water-based resins across various applications. Based on type, the global water-based resins market has been segmented into fossil based, synthetic based and bio based segments. The synthetic based segment is expected to account for a major share of the global water-based resins market during the forecast period owing to its properties such as high thermal stability and chemical resistance. However, the bio based segment is projected to grow at a higher CAGR due its environmental benefits over other types of water-based resin products. On basis of application, candles accounted for majority share of revenue generated from sales of waterborne resin in 2017 followed by packaging and coatings & polishing applications respectively. Waterborne resin are extensively used in manufacturing candles owing properties such as low smoke emission and non –toxicity which make them safe for human use . In addition , growing demand from end use industries such as cosmetics & personal care , food processing etc are anticipated propel growth prospects for this application category over next few years . Regionally , North America was observed as largest consumer base forWater borne Resin followed by Europe .
Product Definition:
Water-based resins are a type of resin that is made up of water and other organic materials. These resins are important because they can be used to create adhesives, coatings, and sealants. They can also be used as a binder in composite materials.
Fossil Based:
Fossil-based chemicals are the by-products of organic evolution. Fossil fuels include coal, petroleum, and natural gas. These fossil fuels were formed over millions of years ago from plants and animals that died and were buried under layers of sediment.
Synthetic Based:
Synthetic-based water-based resins are a group of chemicals that are used as a substitute for the natural resin found in plants. They can be produced from petrochemicals or non-petrochemical sources. The most common synthetic resin is polyethylene which is derived from ethylene, one of the derivatives of crude oil.
Other types include styrene butadiene.
Application Insights:
Packaging emerged as the leading application segment and accounted for over 40% of the global revenue share in 2017. The product is widely used in packaging applications such as corrugated boxes, paper cups, food containers, plastic bottles and others on account of its excellent barrier properties. These resins are also used to produce laminated boards which are further utilized in several end-use industries including construction materials, furniture and paneling etc.
Candles were another significant application segment accounting for a share of 29% in 2017 owing to increasing demand from various end-use industries including aromatherapy massage centers among others. Water based resin candles have an advantage over their counterparts regarding environment safety owing to no toxic emissions during production or combustion process which makes them eco-friendly products overall.
Regional Analysis:
Asia Pacific was the leading revenue contributor in the global water-based resins market in 2016. The region is expected to maintain its position through 2030 on account of increasing construction spending along with growing automotive industry. In addition, rising population coupled with rapid urbanization has resulted in increased demand for personal care products and candles which are further anticipated to drive product demand over the forecast period.
North America emerged as a major consumer of water-based resins owing to high consumption from end use industries such as packaging, coatings & polishing, hot melt adhesives and tires & rubber applications. Rising environmental concerns have led consumers across this region towards sustainable packaging solutions that do not involve using plastic materials that deplete quickly into the earth's crust thereby driving product growth over the next eight years.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and furniture owing to the properties of water-based resins such as low toxicity, environmental friendliness and non-flammability.
- Rising awareness about the benefits of using water-based resins over solvent based resins among consumers is expected to fuel the market growth.
- Growing demand for green products across various industries is projected to boost the market growth in near future.
- Technological advancements in manufacturing process of waterborne resin is anticipated to offer lucrative opportunities for market players in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Water-based Resins Market Research Report
By Type
Fossil Based, Synthetic Based, Bio Based
By Application
Candles, Packaging, Coatings & Polishing, Hot Melt Adhesive, Tires & Rubber, Cosmetics & Personal Care, Food, Others
By Companies
Sinopec, Shell, Petrobras, ExxonMobil, Sasol, Lukoil, Numaligarh Refinery, HCI, Blayson, IGI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Water-based Resins Market Report Segments:
The global Water-based Resins market is segmented on the basis of:
Types
Fossil Based, Synthetic Based, Bio Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Candles, Packaging, Coatings & Polishing, Hot Melt Adhesive, Tires & Rubber, Cosmetics & Personal Care, Food, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sinopec
- Shell
- Petrobras
- ExxonMobil
- Sasol
- Lukoil
- Numaligarh Refinery
- HCI
- Blayson
- IGI
Highlights of The Water-based Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fossil Based
- Synthetic Based
- Bio Based
- By Application:
- Candles
- Packaging
- Coatings & Polishing
- Hot Melt Adhesive
- Tires & Rubber
- Cosmetics & Personal Care
- Food
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Water-based Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Water-based resins are a type of resin that is made from water and a resin binder. They are often used in products such as paints, adhesives, sealants, and flooring.
Some of the key players operating in the water-based resins market are Sinopec, Shell, Petrobras, ExxonMobil, Sasol, Lukoil, Numaligarh Refinery, HCI, Blayson, IGI.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Water-based Resins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Water-based Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Water-based Resins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Water-based Resins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Water-based Resins Market Size & Forecast, 2020-2028
4.5.1 Water-based Resins Market Size and Y-o-Y Growth
4.5.2 Water-based Resins Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fossil Based
5.2.2 Synthetic Based
5.2.3 Bio Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Candles
6.2.2 Packaging
6.2.3 Coatings & Polishing
6.2.4 Hot Melt Adhesive
6.2.5 Tires & Rubber
6.2.6 Cosmetics & Personal Care
6.2.7 Food
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water-based Resins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Water-based Resins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fossil Based
9.6.2 Synthetic Based
9.6.3 Bio Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Candles
9.10.2 Packaging
9.10.3 Coatings & Polishing
9.10.4 Hot Melt Adhesive
9.10.5 Tires & Rubber
9.10.6 Cosmetics & Personal Care
9.10.7 Food
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fossil Based
10.6.2 Synthetic Based
10.6.3 Bio Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Candles
10.10.2 Packaging
10.10.3 Coatings & Polishing
10.10.4 Hot Melt Adhesive
10.10.5 Tires & Rubber
10.10.6 Cosmetics & Personal Care
10.10.7 Food
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fossil Based
11.6.2 Synthetic Based
11.6.3 Bio Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Candles
11.10.2 Packaging
11.10.3 Coatings & Polishing
11.10.4 Hot Melt Adhesive
11.10.5 Tires & Rubber
11.10.6 Cosmetics & Personal Care
11.10.7 Food
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fossil Based
12.6.2 Synthetic Based
12.6.3 Bio Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Candles
12.10.2 Packaging
12.10.3 Coatings & Polishing
12.10.4 Hot Melt Adhesive
12.10.5 Tires & Rubber
12.10.6 Cosmetics & Personal Care
12.10.7 Food
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fossil Based
13.6.2 Synthetic Based
13.6.3 Bio Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Candles
13.10.2 Packaging
13.10.3 Coatings & Polishing
13.10.4 Hot Melt Adhesive
13.10.5 Tires & Rubber
13.10.6 Cosmetics & Personal Care
13.10.7 Food
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Water-based Resins Market: Competitive Dashboard
14.2 Global Water-based Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinopec
14.3.2 Shell
14.3.3 Petrobras
14.3.4 ExxonMobil
14.3.5 Sasol
14.3.6 Lukoil
14.3.7 Numaligarh Refinery
14.3.8 HCI
14.3.9 Blayson
14.3.10 IGI
