Global Waterborne Coatings Market, By Type (Acrylic Coatings, Polyester Coatings, ALKYD Coatings, EPOXY Coatings, Polyurethane Coatings, PTFE Coatings, PVDF Coatings, PVDC Coatings, Others), Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The waterborne coatings market is expected to witness market growth at a rate of 5.13% in the forecast period of 2021 to 2028. Data Bridge Market Research report on waterborne coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from end-use industries such as infrastructure, automotive, and general industrial is escalating the growth of waterborne coatings market.
The waterborne coating can be referred as a term that is utilized to characterize any complete or surface coating which utilizes water as a solvent in turn to separate the resin that is added to it, in turn to form the coating. The configuration of waterborne coatings fluctuates and can involve large amounts of water with small amounts of other solvents.
Major factors that are expected to boost the growth of the waterborne coatings market in the forecast period are the rise in the environmental guidelines thriving the need for VOC-free coatings. Furthermore, the rise in the development in the end-use industries is further anticipated to propel the growth of the waterborne coatings market. On the other hand, the mismatched enforcement, accessibility of alternatives and the sensitivity to the humidity is further projected to impede the growth of the waterborne coatings market in the timeline period.
In addition, the development prospects in the highly structured countries and rise in the expansion prospective in the advancing nations will further provide potential opportunities for the growth of the waterborne coatings market in the coming years. However, the trade war might further challenge the growth of the waterborne coatings market in the near future.
This waterborne coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on waterborne coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Waterborne Coatings Market Scope and Market Size
The waterborne coatings market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the waterborne coatings market is segmented into acrylic coatings, polyester coatings, ALKYD coatings, EPOXY coatings, polyurethane coatings, PTFE coatings, PVDF coatings, PVDC coatings, others.
- On the basis of application, the waterborne coatings market is segmented into architectural, automotive, general, industrial, protective, wood, marine, packaging, coil, others. Architectural is further sub segmented into residential and non-residential. Residential is further sub segmented into new construction and remodel and repaint. Industrial is further sub segmented into automotive, general industrial, protective, wood, marine, packaging, coil and others.
Waterborne Coatings Market Country Level Analysis
The waterborne coatings market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the waterborne coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the waterborne coatings market due to the rise in the development in the construction sector led by the recovery post-recession. Furthermore, the increase in the demand for the product by replacing solvent-borne coatings used in construction activities will further boost the growth of the waterborne coatings market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of the growth in the waterborne coatings market due to the change in the inclination of the major automobile manufactures.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Waterborne Coatings Market Share Analysis
The waterborne coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to waterborne coatings market.
The major players covered in the waterborne coatings market report are Akzo Nobel N.V., Arkema, AXALTA, BASF SE, Benjamin Moore & Co., Berger Paints India Limited, Hempel Group, Jotun, Kansai Paint Co., Ltd., KCC CORPORATION, PPG Industries, Inc., The Sherwin-Williams Company, Sika AG, Covestro AG, Dow, Solvay, SILBERLINE MANUFACTURING CO., INC., Hexion., The Lubrizol Corporation, Eastman Chemical Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.