DALLAS, March 3, 2015 /PRNewswire/ --
The report "Water Based Resin Market by types, by applications (adhesives, coatings, inks and others), by end-user industry (automotive, constructions, furniture, packaging, textiles and others) - Global Trends & Forecasts to 2020", published by MarketsandMarkets, Water Based Resin Market is expected to reach $10.5 Billion by 2020 signify firm annualized growth of more than 5% between 2015 and 2020.
Browse 128 Market Data Tables and 60 Figures spread through 189 Pages and in-depth TOC on "Water Based Resin Market".
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Asia-Pacific - The biggest market of water based resin
The water based resin market in Asia-Pacific is one of the fastest-growing consumers across the globe and the trend is expected to continue in the near future. Asia-Pacific is also the biggest market for water based resin, and accounted for a share of more than 39.00% of the total market size in terms of volume in 2013, which was majorly contributed by China. It is also estimated that China is the fastest-growing market of water based resin in the region. The high growth in this region is mainly driven by growing population, vast economies-developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
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Coatings- The largest application segment for water based resin
The coating applications segment is one of the largest types globally and the trend is expected to continue in the near future. Asia-Pacific is the largest region, both in terms of volume and value, followed by Western Europe. China, Japan, U.S., Germany, India, Brazil, and Russia are expected to persist as successful water based resins market for coating applications.
Adhesives and sealants are the other two major application segments of water based resin, combined having more than 30% of the market share. This water based resin as adhesives is widely used in construction industry and is expected to grow at an equivalent rate.
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