Wide Scope of Application to Create Vast Expansion Opportunities for Water-Based Resins Market Players
Global Water-Based Resins Market Overview Water-based resins refer to low volatile viscous liquids that are used in various coatings to increase product life and reduce corrosion. These resins enable fast drying, excellent shine, and good pigmentation. It can be used in the interior and exterior wall, wood, or industrial paints. The global water-based resins market is set to achieve heightened CAGR on the expansion graph during the forecast period. There are various factors mentioned in the latest report released by Market Research Future (MRFR). These factors include rapid urbanization and stringent environmental restrictions on the use of volatile organic compounds. Since water-based resins contain lower quantities of volatile compounds, as compared to other solvent-based resins, a growing inclination towards the adoption of water-based resins is seen on the rise, augmenting the global market. Further, a broad scope of application of water-based resins in various end-user indus...