Nigeria Waterborne Resins Market (2025-2031) | Size & Revenue, Companies, Analysis, Competitive Landscape, Trends, Segmentation, Value, Growth, Outlook, Industry, Forecast, Share

Market Forecast By Type (Waterborne Epoxy Resin, Waterborne Polyurethane, Water-Based Acrylic Resin, Waterborne Alkyd Resin, Other), By Application (Coatings and Paints, Adhesives, Inks, Textile Processing, Leather Industry, Paper Processing, Other) And Competitive Landscape
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

Nigeria Waterborne Resins Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Nigeria Waterborne Resins Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Nigeria Waterborne Resins Market Outlook
  • Market Size of Nigeria Waterborne Resins Market, 2024
  • Forecast of Nigeria Waterborne Resins Market, 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Revenues & Volume for the Period 2021- 2031
  • Nigeria Waterborne Resins Market Trend Evolution
  • Nigeria Waterborne Resins Market Drivers and Challenges
  • Nigeria Waterborne Resins Price Trends
  • Nigeria Waterborne Resins Porter's Five Forces
  • Nigeria Waterborne Resins Industry Life Cycle
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Waterborne Epoxy Resin for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Waterborne Polyurethane for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Water-Based Acrylic Resin for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Waterborne Alkyd Resin for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Other for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Coatings and Paints for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Adhesives for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Inks for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Textile Processing for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Leather Industry for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Paper Processing for the Period 2021- 2031
  • Historical Data and Forecast of Nigeria Waterborne Resins Market Revenues & Volume By Other for the Period 2021- 2031
  • Nigeria Waterborne Resins Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Nigeria Waterborne Resins Top Companies Market Share
  • Nigeria Waterborne Resins Competitive Benchmarking By Technical and Operational Parameters
  • Nigeria Waterborne Resins Company Profiles
  • Nigeria Waterborne Resins Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Nigeria Waterborne Resins Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Waterborne Resins Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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