Water-based resins market worth US$ 42.7 billion by 2020

The water-based resins market is projected to register a value of US$42.7 billion by 2020, at a CAGR of 5.5% between 2015 and 2020, according to a report by Research and Markets. 

Asia-Pacific is the biggest market of water-based resins, accounting 44.9% of the total market size in terms of value in 2014. This region is also the fastest-growing region for water-based resins as majority of customer that earlier preferred organic compounds solvent are switching to human and ecofriendly water-based technology.

The study estimates the market value for water based resins and projects the same by 2020. As a part of quantitative analysis, the study segments the market by types of water based resins, and end-user industry at country level with the current market estimation and forecast till 2020.

The segmentation by types includes acrylics, alkyds, amino resins cross linkers, emulsion polymers, epoxies, epoxy curatives, fluoropolymers, polyesters, polyurethane & components, silicones/silanes, vinyl chloride polymers, WB UV resins and other specialty resins.