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What Factors Increased the Demand of “Waterborne Coatings Market” At Global Level, Know More

The Waterborne Coatings Market report shows the competitive situation among the top manufacturers, with sales, revenue and market share and the market by type and application. The report deeply described by experts team and made full report on Waterborne Coatings Market with Forecasts 2024.

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The Global Waterborne Coatings Market size is projected to grow from US$ 74.1 Billion in 2019 to US$ 91.8 Billion by 2024, at a CAGR of 4.4%, between 2019 and 2024. This report spread across 166 Pages, Profiling 11 Companies and Supported with 119 Tables and 50 figures is now available in this research.

Top Companies profiled in the Waterborne Coatings Market:

  • AkzoNobel N.V. (Netherlands)
  • PPG Industries (US)
  • The Sherwin-Williams Company (US)
  • Nippon Paint Holding Co Ltd (Japan)
  • Axalta Coatings System LLC (US)
  • Tikkurila Oyj (Finland)
  • Jotun A/S (Norway)

Epoxy resins are well-known for their excellent chemical and corrosion resistance. This resin is hard and impact resistant. For most applications, epoxy coatings are used as functional coatings for substrate protection, where corrosion resistance, impact resistance, and adhesion are essential. Epoxies are often used for decorative applications.

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Waterborne architectural coatings possess various favorable properties such as high corrosion and temperature resistance, increased durability of end products, and low fire-hazards risk and, thus, are preferred for use in various commercial and industrial applications. With the growing population and increasing migration of population to the developed nations, the construction industry is estimated to develop substantially in the coming years.

The APAC market is segmented into China, Japan, India, Indonesia, Thailand, and Rest of APAC. The APAC region is expected to continue to account for the largest share of the global waterborne coatings market during the forecast period. China is the largest consumer of waterborne coatings for the past few years.

Competitive Landscape of Waterborne Coatings Market:

1 Overview

2 Competitive Leadership Mapping, 2018

2.1 Visionary Leaders

2.2 Innovators

2.3 Dynamic Differentiators

2.4 Emerging Companies

3 Strength of Product Portfolio

4 Business Strategy Excellence

5 Market Ranking Analysis

6 Competitive Scenario

6.1 Merger & Acquisition

6.2 Investment & Expansion

6.3 Partnership & Collaboration

6.4 New Product Development

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Categories
Business Coronavirus News

Impact of COVID-19 on Waterborne Coatings Market : Implications on Business

Key Highlights of Global Waterborne Coatings Market

  • The global waterborne coatings market was valued at US$ 77.4 Bn in 2018 and is anticipated to expand at a CAGR of 4.9% from 2019 to 2027
  • The global waterborne coatings market is driven by the rise in demand for architectural coatings.
  • Asia Pacific accounts for major share of the global waterborne coatings market, led by the increase in building and construction activities in the region

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Key Drivers of Global Waterborne Coatings Market

  • Various governments across the world have implemented stringent regulations to reduce VOC content in paints & coatings
  • This has increased the use of eco-friendly alternatives with less VOC content
  • Development and use of waterborne coatings have reduced VOC in traditional alkyd paints. Water-based coatings emit lesser VOCs than its substitutes such as solvent-based coatings.
  • Reduction of VOCs such as organic solvents is a key challenge in the paints industry due to the increased environmental and health legislations aiming at reducing VOC emissions. VOCs participates in atmospheric photochemical reactions to create health hazards.
  • Coating and paint technologies adapt to environmental requirements. Waterborne coatings and solvent-free coatings are the new health and safety trends in coating technology.

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Increasing Demand from the Automotive Sector for Global Waterborne Coatings Market

  • Major automotive manufacturers emphasize on the use of waterborne coatings owing to its environmental benefits and to ensure the health and safety of their employees
  • Waterborne coatings are the future of automotive coatings, with many paint & coatings manufacturers already developing and supplying them
  • Rising environmental regulations coupled with developments in the automotive sector are anticipated to fuel the demand for waterborne coatings.

Volatility in Raw Material Prices to Hamper Global Waterborne Coatings Market

  • Raw materials represent a major section of the paints & coatings market. Thus, a surge in the cost of any element is projected to significantly reduce profitability.
  • Fluctuating prices of raw materials of different Waterborne Coatings, additives, and resins are a major restraint of this market
  • Varying cost of raw materials is anticipated to inhibit the market even though waterborne coatings contain less solvents.

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High Degree of Competition among Established Players of Global Waterborne Coatings Market

  • Large number of small- and large-scale manufacturers operate in the global waterborne coatings market. These companies offer different types of waterborne coatings for various applications.
  • Prominent players profiled in the global waterborne coatings market report are BASF SE, Akzo Nobel N.V., Asian Paints, Axalta Coating Systems Ltd., Altana AG, PPG Industries Inc., and Sherwin-Williams. Market players are adopting strategies such as pricing and product improvement to strengthen their market position.

Global Waterborne Coatings Market: Research Scope

Global Waterborne Coatings Market, by Resin

  • Acrylic
  • Formaldehyde
  • Polyurethane
  • Epoxy
  • Alkyd
  • Others

Global Waterborne Coatings Market, by Application

  • Building & Construction
  • Automotive
    • Automotive OEM
    • Automotive Refinish
  • Furniture & Flooring
  • Electronics
  • Marine
  • Paper & Printing
  • Others

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Categories
Business News

Waterborne Coatings Market Professional Survey 2020 By Manufacturers, Share, Growth, Trends, Types And Applications, Forecast To 2027

The market research report on the Global Waterborne Coatings Market has been formulated through a series of extensive primary and secondary research approaches. The data is further verified and validated by industry experts and professionals. The forecast for 2020-2027 has been covered in the report and offers an extensive historical analysis for the key segments of the Waterborne Coatings market. The well-formulated research report aims to provide the readers with a better understanding of the industry and help them formulate strategic investment plans. The report also evaluates the market dynamics, including drivers, restraints, opportunities, threats, challenges, and other key segments.

Moreover, the report provides a comprehensive analysis of the impact of the currently ongoing COVID-19 pandemic on the growth and landscape of the market. The report estimates the current and future impact of the pandemic on the industry and provides a futurist outlook of the market growth in the post-COVID-19 scenario.

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The report offers updated financial information of the key competitors to offer accurate market insights and offers strategic recommendations. The study covers critical market trends along with an extensive analysis of emerging trends. The report covers a detailed examination of the market scenarios and trends on a regional and global level. The study covers the current competitive scenario with a special emphasis on the strategic initiatives taken by the prominent players of the industry.

The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

  • BASF SE
  • Akzonobel
  • N.V.
  • PPG Industries RPM International The Sherwin-Williams Company
  • The Valspar Corporation
  • Axalta Coating Systems
  • Nippon Paint
  • Kansai Paint
  • Tikkurila OYJ

    The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios.

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    Industry outlook:

    Waterborne Coatings product types, applications, geographies, and end-user industries are the key market segments that are comprised in this study. The report speculates the prospective growth of the different market segments by studying the current market standing, performance, demand, production, sales, and growth prospects existing in the market.

    The segmentation included in the report is beneficial for readers to capitalize on the selection of appropriate segments for the Waterborne Coatings sector and can help companies in deciphering the optimum business move to reach their desired business goals.

    Global Waterborne Coatings, By Resin Type

    Architectural Coating Resins
    • Vinyl Acetate
    • Pure Acrylics
    • Acetates
    • Styrene Acrylics
    • Others
    Other Resins
    • Acrylic based
    • Epoxy Based
    • Vinyl Ester
    • Polyester
    • Polyurethane

    Global Waterborne Coatings Market, By End-User Industry

    • Industrial
    • Wood
    • Architectural & Decorative
    • Automotive
    • Others (Packaging & Transportation)

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    To understand the global Waterborne Coatings market dynamics, the market is analyzed across major global regions and countries. Market Research Intellect provides customized specific regional and country-wise analysis of the key geographical regions as follows:

    North America: USA, Canada, Mexico
    Latin America: Argentina, Chile, Brazil, Peru, and Rest of Latin America
    Europe: UK., Germany, Spain, Italy, and Rest of EU
    Asia-Pacific: India, China, Japan, South Korea, Australia, and Rest of APAC
    Middle East & Africa: Saudi Arabia, South Africa, U.A.E., and Rest of MEA

    Report Overview with TOC:

    • Research report overview along with COVID-19 impact analysis
    • Regional analysis of growth trends
    • Competitive landscape along with estimated revenue share, market share, and market concentration ratio
    • Segmentation data based on product types
    • Segmentation data based on applications

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