DUBLIN--(BUSINESS WIRE)--The "Global Water Based Resins Market - Segmented by Type, Application and geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The water based resins market is expected to register a CAGR of approximately 6.12% during the forecasted period, 2018-2023.
The market is driven by growing VOC regulations in coatings, along with increasing consumer awareness in ecofriendly products. However, the market is restrained by high costs accompanied by low performance compared to the substitutes.
Growing VOC Regulations - Driving the Market
In coatings industry, VOCs (volatile organic compounds) are found in wide variety of everyday products such as solvent-based paints/coatings. These products release VOCs, which are the major causes of air pollution and smog. Therefore, the governments have implemented various control measures to improve the air quality.
Countries like China and United States have increased the regulations on VOCs. In China, the government has implemented the Air Pollution Prevention and Control Action Plan in 2015. These policies had a significant impact in many areas especially in the comprehensive control of VOCs like chemical, packaging, printing, and coatings industries. In response these policies have pushed the companies to adopt new technologies, which includes high-solid, solvent-less and waterborne technologies at an unprecedented speed.
Key Highlights
- Coatings - The Dominant Application
- Asia Pacific - The Largest Market Share
Key Topics Covered
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- BASF SE
- 3M
- AkzoNobel N.V.
- Allnex Belgium S.A.
- Cytec Industries Inc.
- DowDuPont
- Eastman Chemical Company
- Henkel AG & Co. KGaA
- Huntsman Corporation
- Momentive Performance Materials Holdings LLC
- Nan Ya Plastics Corporation
- Royal DSM N.V.
For more information about this report visit https://www.researchandmarkets.com/research/93jb2p/global_water?w=4
