Waterborne Coatings Market size was valued at USD 84.25 Bn. in 2022 and the total Waterborne Coatings revenue is expected to grow by 3.8% from 2023 to 2029, reaching nearly USD 109.39 Bn.
Waterborne Coatings Market Overview:
An extensive analysis of the Waterborne Coatings Market by component, application, industry, and geography is what this study aims to do. The paper includes thorough details on the key elements impacting the development of the Waterborne Coatings industry. The value chain of the market is also thoroughly examined in the study.
Waterborne Coatings Market Scope:
The first step in the research process used to evaluate and forecast the Waterborne Coatings market is to collect revenue information from important suppliers utilizing secondary research sources. Vendor offerings are taken into account while developing market segmentation. The income of significant firms was used to estimate the size of the overall Waterborne Coatings market using the bottom-up approach.
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Waterborne Coatings Market Dynamics:
Increasing VOC-free coatings awareness and strict environmental restrictions
The increasing demand for environmentally friendly qualities has been one of the most significant trends in the coatings industry over the past few years. This trend has been greatly influenced by the strict EU regulations governing the reduction of volatile organic compound (VOC) emissions from coating materials. New legislation and rules are being implemented by the European Commission and other federal government agencies, such as the Eco-product Certification Scheme (ECS). These regulations encourage the reduction or elimination of harmful VOC emissions in order to build a green and sustainable environment. Government regulations in the US and Western Europe, notably those pertaining to air pollution, are also anticipated to encourage the use of cutting-edge, low-pollution coating technology.
Waterborne Coatings Market Segmentation:
by Resin Type
1. Acrylic
2. Polyester
3. Alkyd
3. Epoxy
4. Polyurethane
5. Polytetrafluoroethylene
6. Polyvinylidene Fluoride
7. Polyvinylidene Chloride
8. Others
by Application
1. Architectural
2.Residential
3.Non-Residential
4. Industrial
4.1 Automotive
4.2 General Industrial
4.3 Protective
4.4Wood
4.5 Marine
4.6 Packaging
4.7 Coil
4.8 Others
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Key Players: The key players are
1. BASF SE
2. AkzoNobel N.V.
3. PPG Industries Inc.
4. RPM International Inc.
5. The Sherwin-Williams Company
6. Asian Paints Limited
7. Axalta Coating Systems LLC.
8. Nippon Paint Holdings Co. Ltd.
9. Kansai Paint Co. Ltd.
10.Jotun Group.
11.Benjamin Moore & Co.
12.Berger Paints India Limited
13.Hempel Group
14.Jotun
15.KCC CORPORATION
16.PPG Industries
17.Sika AG
18.Covestro AG
19.Dow
20.Solvay
21.SILBERLINE MANUFACTURING CO.
22.Hexion
23.The Lubrizol Corporation
24.Eastman Chemical Company
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Waterborne Coatings Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Waterborne Coatings Market: The report also includes the detailed impact of COVID-19 on the Waterborne Coatings market.
Key Questions Answered in the Waterborne Coatings Market Report are:
- Which segment had the largest share in the Waterborne Coatings market?
- How is the competitive scenario of the Waterborne Coatings market in 2022?
- Which are the key drivers impacting the Waterborne Coatings market growth?
- Which region holds the maximum share in the Waterborne Coatings market?
- What will be the CAGR of the Waterborne Coatings market during the forecast period (2023-2029)?
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