Water-Based Coatings Market was valued at USD 74.29 Bn in 2023 and is expected to reach at USD 117.59 Bn by 2030 at a CAGR of 6.78% over the forecast period 2024-2030.
Water-Based Coatings Market Report Overview:
The report provides a comprehensive analysis of the impact of the COVID-19 pandemic on the Global Water-Based Coatings Market, focusing on regional effects and the revenue impact on key players up until April 2020. It also examines the expected short-term and long-term effects on the market.
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Water-Based Coatings Market Report Scope and Research Methodology:
Water-based coatings offer numerous benefits, including excellent adhesion, ease of application, lower volatile organic compound (VOC) emissions, cost-effectiveness, high corrosion resistance, and improved weathering properties. Environmental concerns are increasingly influencing the coatings industry, with growing awareness and stringent legislation driving the shift toward water-based coatings. The development of environmentally friendly water-based coatings is considered a major achievement in the industry.
Water-Based Coatings Market Regional Insights:
The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil, Middle East and Africa.
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Water-Based Coatings Market Segmentation:
By Product Type:
Water-Soluble Paints: Water-soluble paints are designed to be thinned and cleaned up with water. They are known for their low environmental impact and reduced levels of volatile organic compounds (VOCs).
Emulsions Paints: Emulsion paints are a type of water-based paint that uses emulsified oil and water to form a stable dispersion.
By Resin Type:
Acrylic: Acrylic resins are known for their excellent color retention, durability, and resistance to weathering and UV light.
Polyurethane: Polyurethane resins offer exceptional hardness, chemical resistance, and durability. They are often used in high-performance coatings for industrial and automotive applications.
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Water-Based Coatings Market Key Players:
1. AkzoNobel N.V. (Netherlands)
2. Axalta Coating Systems (U.S.)
3. BASF SE (Germany)
4. Berger Paints India Limited (India),
5. Kansai Paint Co., Ltd. (Japan)
6. Nippon Paint Company Limited (Japan)
7. PPG Industries Inc. (U.S.)
8. Rpm International Inc. (U.S.)
9. The Sherwin-Williams Company (U.S.)
10. Asian paints (India)
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Key questions answered in the Water-Based Coatings Market are:
- What is Water-Based Coatings ?
- What are the Water-Based Coatings market segments?
- What is the expected Water-Based Coatings market size by 2030?
- What is the expected CAGR of the Water-Based Coatings market during the forecast period?
- What are the emerging trends in the Water-Based Coatings Market?
- What are the factors contributing to the final price of Water-Based Coatings ?
- What are the major challenges that the Water-Based Coatings Market could face in the future?
- Who held the largest market share in the Water-Based Coatings Market?
- Who are the key players in the Water-Based Coatings industry?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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