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 research provides a comprehensive analysis of the COVID-19 pandemic's effects on the global market for water-based coatings, broken down by region, major companies' revenue losses through April 2020, and anticipated short- and long-term effects on the industry.
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Water-Based Coatings Market Report Scope and Research Methodology:
Good adhesion, simplicity of application, reduced volatile organic compound content, affordability, strong corrosion resistance, and enhanced weathering are just a few advantages of water-borne coatings. Environmental issues are becoming more and more relevant in the coatings sector. The primary causes of the rising use of water-based coatings are stricter laws brought about by environmental concerns and growing environmental consciousness.
The biggest accomplishment in the coatings sector is the creation of eco-friendly water-based coatings. The water-based coatings market is expected to grow at a significant rate over the forecast period due to a number of factors, including strict environmental regulations on solvent-based coatings, growing demand from a variety of end-user industries, including paper packaging, building and construction, automotive, and electronics, rapid urbanisation and infrastructure development in emerging economies, and rising spending on building and restoration activities in developed countries.
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:
Worldwide Water-Based Paints Market segmentation is done by end user, region, product type, and resin type. Acrylic has the largest market share of any resin type in 2023 and is predicted to continue to do so for the duration of the prediction. Because of their excellent adhesive and aesthetic qualities, these coatings are suitable for application in a wide range of end user industries, including the construction, automotive, medical, and general industrial sectors.
by Product Type
1. Water-Soluble Paints
2. Emulsions Paints
3. Water-Based Alkyds
by Resin Type
1. Acrylic
2. Polyurethane
by End Users
1. Building Construction
2. Automotive
3. Electronics
4. Paper Packaging
5. Others
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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)
11. The Valspar Corporation (U.S.)
12. Tikkurila Oyj (Finland)
13. EVONIK industries
14. Chenyang Waterborne Paint (China)
15. Jotun (Norway)
16. Sika AG (Switzerland)
17. Flint Group
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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 | 2023−2030
- 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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