The Reports and Insights, a leading market research company, has recently releases report titled “Water-Based Barrier Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Based Barrier Coatings Market Size share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Water-Based Barrier Coatings?
The global water-based barrier coatings market size reached US$ 3.9 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
What are Water-Based Barrier Coatings Market?
Water-based barrier coatings refer to aqueous formulations applied to surfaces to establish a protective layer that repels liquids, gases, or other substances. These coatings are environmentally friendly, predominantly utilizing water as a solvent to reduce the presence of volatile organic compounds (VOCs). Widely employed in industries like packaging, water-based barrier coatings act as a safeguard against moisture, oil, and contaminants, thereby augmenting the durability and preservation of products. Applied to materials such as paper and cardboard, these coatings provide a sustainable and less hazardous alternative to solvent-based counterparts. Their adaptability and eco-friendly characteristics contribute to their increasing popularity across various applications, driving the demand in the market.
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What are the growth prospects and trends in the Water-Based Barrier Coatings Market industry?
The water-based barrier coatings market growth is driven by various factors. The market for water-based barrier coatings is experiencing notable growth as industries increasingly opt for environmentally sustainable solutions in surface protection. These coatings, formulated with water as a primary solvent, provide a green alternative to traditional solvent-based options. Predominantly utilized in packaging, water-based barrier coatings establish protective layers that effectively repel liquids and gases, thereby improving the durability and overall quality of products. The market's expansion is driven by the rising demand for eco-conscious solutions, with these coatings finding applications across various industries where resistance to moisture and contaminants is essential. The adaptable and environmentally friendly characteristics of water-based barrier coatings position them as significant players in the evolving landscape of surface protection technologies. Hence, all the factors contribute to water-based barrier coatings market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Segmentation By Type:
Acrylic
Polyurethane
Epoxy
Others
Market Segmentation By Substrate:
Metal
Paper Paperboard
Plastic
Glass
Others
Market Segmentation By End-Use Industry:
Packaging
Building Construction
Automotive
Electronics
Textile
Others
Market Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Akzo Nobel N.V.
- PPG Industries Inc.
- Axalta Coating Systems Ltd.
- BASF SE
- The Sherwin-Williams Company
- RPM International Inc.
- Arkema Group
- Dow Inc.
- Valspar Corporation
- Asian Paints Limited
- Nippon Paint Holdings Co., Ltd.
- Hempel A/S
- Jotun Group
- Sika AG
- Kansai Paint Co., Ltd.
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