| Product Code: ETC4508185 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The water-based resins market in India is expanding due to environmental concerns and stringent regulations on volatile organic compounds (VOCs). Water-based resins are eco-friendly alternatives to solvent-based counterparts and are widely used in coatings, adhesives, and inks. As the emphasis on sustainable and low-VOC products grows, the water-based resins market is expected to witness substantial growth in India, driven by both consumer demand and regulatory requirements.
The India water-based resins market is primarily driven by the increasing awareness of environmental sustainability and the need to reduce volatile organic compound (VOC) emissions. Water-based resins, as an eco-friendly alternative to solvent-based resins, are gaining traction in industries such as paints and coatings, adhesives, and packaging. Stringent environmental regulations and consumer preferences for low-VOC products are compelling manufacturers to shift towards water-based formulations. The construction and automotive sectors, in particular, are adopting water-based resins for coatings and adhesives to meet environmental compliance standards and cater to the green building and sustainable transportation trends.
The India water-based resins market faces several notable challenges. The shift towards water-based resins from solvent-based alternatives is primarily driven by environmental concerns. However, developing water-based resins with the same performance attributes as solvent-based counterparts can be technically challenging. The transition can be costly and may require significant retooling and process changes for manufacturers. Additionally, market acceptance and adoption can be slow, as industries and consumers may be resistant to change. Regulatory compliance is another major hurdle, as adherence to environmental standards and certifications is crucial, and any failure to do so can lead to legal issues and reputational damage.
The COVID-19 pandemic had a mixed impact on the water-based resins market in India. On one hand, the demand for eco-friendly and sustainable coatings increased as consumers and industries became more environmentally conscious. However, the lockdowns and reduced economic activity led to decreased demand for products that use water-based resins, such as paints and coatings in the construction and automotive sectors.
Companies like BASF, Dow, AkzoNobel, and Allnex are key players in India water-based resins market, providing environmentally friendly resin solutions for diverse applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Water-based Resins Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Water-based Resins Market Revenues & Volume, 2021 & 2031F |
3.3 India Water-based Resins Market - Industry Life Cycle |
3.4 India Water-based Resins Market - Porter's Five Forces |
3.5 India Water-based Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Water-based Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Water-based Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing environmental regulations promoting the use of water-based resins over solvent-based alternatives. |
4.2.2 Growing awareness among consumers about the benefits of using eco-friendly and sustainable products. |
4.2.3 Expansion of end-use industries such as construction, automotive, and packaging, driving the demand for water-based resins. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with transitioning from solvent-based to water-based resins. |
4.3.2 Limited product performance compared to solvent-based resins in certain applications. |
4.3.3 Lack of awareness and education among manufacturers and consumers about the advantages of water-based resins. |
5 India Water-based Resins Market Trends |
6 India Water-based Resins Market, By Types |
6.1 India Water-based Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Water-based Resins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Water-based Resins Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.4 India Water-based Resins Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.5 India Water-based Resins Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.6 India Water-based Resins Market Revenues & Volume, By Alkyd, 2021-2031F |
6.2 India Water-based Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Water-based Resins Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Water-based Resins Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.4 India Water-based Resins Market Revenues & Volume, By Inks, 2021-2031F |
7 India Water-based Resins Market Import-Export Trade Statistics |
7.1 India Water-based Resins Market Export to Major Countries |
7.2 India Water-based Resins Market Imports from Major Countries |
8 India Water-based Resins Market Key Performance Indicators |
8.1 Percentage of manufacturers adopting water-based resins in their production processes. |
8.2 Number of new product developments and innovations in the water-based resins market. |
8.3 Environmental impact assessment reports showcasing the benefits of using water-based resins over solvent-based alternatives. |
8.4 Investment in research and development for enhancing the performance of water-based resins. |
9 India Water-based Resins Market - Opportunity Assessment |
9.1 India Water-based Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Water-based Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Water-based Resins Market - Competitive Landscape |
10.1 India Water-based Resins Market Revenue Share, By Companies, 2024 |
10.2 India Water-based Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here