Water-based binders for external wood coatings are expected to have unique film properties. They need to combine hardness and blocking resistance with flexibility to ensure a long service life and provide resistance to weather conditions. At the same time, exterior coatings should meet additional requirements such as good adhesion to wood, including wet adhesion, and water repellency. Additionally, the minimum film formation temperature (MFFT) of the binder shall be low to ensure the elimination of solvents from the final product. Combining all these contradictory properties in one product is quite tricky and requires the use of multiphase systems and adequate ...