| Product Code: ETC8638292 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to see a diverse range of waterborne resins import shipments, with top exporting countries including UAE, India, USA, Germany, and China. The market remained relatively competitive with low concentration, as indicated by the Herfindahl-Hirschman Index (HHI). However, the industry experienced a notable decline with a CAGR of -7.27% from 2020 to 2024, and a sharp drop in growth rate of -39.53% from 2023 to 2024. These trends suggest challenges and shifts in the waterborne resins market landscape in Nigeria, possibly influenced by various factors such as global economic conditions and changing consumer preferences.

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 Nigeria Waterborne Resins Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Waterborne Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Waterborne Resins Market - Industry Life Cycle |
3.4 Nigeria Waterborne Resins Market - Porter's Five Forces |
3.5 Nigeria Waterborne Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Waterborne Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Waterborne Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products in Nigeria |
4.2.2 Growth in construction and infrastructure development projects driving the demand for waterborne resins |
4.2.3 Favorable government regulations promoting the use of waterborne resins over solvent-based alternatives |
4.3 Market Restraints |
4.3.1 High initial cost of waterborne resins compared to solvent-based resins |
4.3.2 Lack of awareness and education among consumers and industries about the benefits of waterborne resins |
4.3.3 Limited availability of skilled labor for application and maintenance of waterborne resin products |
5 Nigeria Waterborne Resins Market Trends |
6 Nigeria Waterborne Resins Market, By Types |
6.1 Nigeria Waterborne Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Waterborne Resins Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Waterborne Resins Market Revenues & Volume, By Waterborne Epoxy Resin, 2021- 2031F |
6.1.4 Nigeria Waterborne Resins Market Revenues & Volume, By Waterborne Polyurethane, 2021- 2031F |
6.1.5 Nigeria Waterborne Resins Market Revenues & Volume, By Water-Based Acrylic Resin, 2021- 2031F |
6.1.6 Nigeria Waterborne Resins Market Revenues & Volume, By Waterborne Alkyd Resin, 2021- 2031F |
6.1.7 Nigeria Waterborne Resins Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Nigeria Waterborne Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Waterborne Resins Market Revenues & Volume, By Coatings and Paints, 2021- 2031F |
6.2.3 Nigeria Waterborne Resins Market Revenues & Volume, By Adhesives, 2021- 2031F |
6.2.4 Nigeria Waterborne Resins Market Revenues & Volume, By Inks, 2021- 2031F |
6.2.5 Nigeria Waterborne Resins Market Revenues & Volume, By Textile Processing, 2021- 2031F |
6.2.6 Nigeria Waterborne Resins Market Revenues & Volume, By Leather Industry, 2021- 2031F |
6.2.7 Nigeria Waterborne Resins Market Revenues & Volume, By Paper Processing, 2021- 2031F |
7 Nigeria Waterborne Resins Market Import-Export Trade Statistics |
7.1 Nigeria Waterborne Resins Market Export to Major Countries |
7.2 Nigeria Waterborne Resins Market Imports from Major Countries |
8 Nigeria Waterborne Resins Market Key Performance Indicators |
8.1 Percentage of industries adopting waterborne resins in their manufacturing processes |
8.2 Number of construction permits issued for projects specifying the use of waterborne resins |
8.3 Investment in research and development for waterborne resin technology improvements |
8.4 Environmental impact assessment reports highlighting the benefits of using waterborne resins |
8.5 Number of partnerships and collaborations between waterborne resin manufacturers and industries for product development and promotion |
9 Nigeria Waterborne Resins Market - Opportunity Assessment |
9.1 Nigeria Waterborne Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Waterborne Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Waterborne Resins Market - Competitive Landscape |
10.1 Nigeria Waterborne Resins Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Waterborne Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |