Water-Based Resins Market Projected to Grow at a CAGR of 7.03% Over The Forecast Period of 2017-2023
Introduction Water-based resins are the prime constituent of latex-based paints or any water-reducible coatings or paints as they completely dissolve in water and other solvents. These resins are gaining traction in the coating industry as compared with their solvent-based counterparts through continued technological advancement. According to supply chain studies done by Knowledge Sourcing Intelligence, a market research company the market of water-based resins is segmented by type, application, and geography. By type, the market is segmented into the acrylic resin, alkyd resin, epoxy resin, saturated polyester resin, and others. By application, the market is segmented into adhesives and sealants, inks, paints & coatings, and others. Geographically, market is segmented into North America, Europe, South America, Asia Pacific and Middle East and Africa. Drivers of Water-Based Resins Market The increasing propensity towards eco-friendly products and regulations such as VO