Global Waterborne Coatings Market: size was valued at USD 81.17 Bn. in 2021 and the total Waterborne Coatings revenue is expected to grow by 3.8% from 2022 to 2029, reaching nearly USD 109.39 Bn.
Global Waterborne Coatings Market Overview: The Global Waterborne Coatings Market research provides a full competition picture, including the market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Global Waterborne Coatings Market, as well as the causes for variances in the industry’s growth in different areas.
Global Waterborne Coatings Market Dynamic:
One of the most significant trends observed in the coatings industry over the last few years has been the increasing demand for environmentally friendly properties, which has been heavily influenced by stringent EU regulations governing the reduction of volatile organic compound (VOC) emissions from coating materials. The European Commission and other federal government organizations are implementing new laws and regulations, such as the Eco-product Certification Scheme (ECS). These standards promote a green and sustainable environment by limiting or eliminating dangerous VOC emissions. Additionally, government laws in the United States and Western Europe, particularly about air pollution, are expected to drive the utilization of innovative, low-polluting coating technologies.
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Market Scope: To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
This Global Waterborne Coatings market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and product approvals, product launches. To learn more about Maximize Market Research Global Waterborne Coatings market, please contact us for an Analyst Brief; our experts will assist you in making an informed market choice to achieve your goals.
Global Waterborne Coatings Market Segmentation:
By Resin Type, the Acrylic segment dominated the Waterborne Coatings market with the highest market share in 2021 and is expected to maintain its dominance at the end of the forecast period. Acrylic-based resins are thermoplastic resins that are created by polymerizing acrylate or methacrylate monomers. To lower costs, some acrylic resins can additionally incorporate vinyl monomers such as styrene or vinyl acetate. These resins offer hydrolysis resistance, exceptional weather resistance, great gloss, and color retention, making them ideal for external applications. They also offer additional features including transparency, UV resistance, and good color ability for coating solutions.
Acrylic resins are used in solvent-borne paints. Solution polymerization products can also be used to create water-borne acrylic dispersions and powder coatings for architectural purposes. These resins are used to minimize VOC emissions in water-borne systems. The use of these acrylic resins might result in high surface hardness. Acrylic coatings are utilized in a variety of applications, including walls, roofs, and decks, to produce elastomeric surfaces that increase the surface’s UV resistance. Acrylic coatings are mostly used in the construction sector for high-finishing on roads, bridges, floors, and decks, among other things.
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Global Waterborne Coatings Market Key Players:
• BASF SE
• AkzoNobel N.V.
• PPG Industries Inc.
• RPM International Inc.
• The Sherwin-Williams Company
• Asian Paints Limited
• Axalta Coating Systems LLC.
• Nippon Paint Holdings Co. Ltd.
• Kansai Paint Co. Ltd.
• Jotun Group.
• Benjamin Moore & Co.
• Berger Paints India Limited
• Hempel Group
• Jotun
• KCC CORPORATION
• PPG Industries
• Sika AG
• Covestro AG
• Dow
• Solvay
• SILBERLINE MANUFACTURING CO.
• Hexion
• The Lubrizol Corporation
• Eastman Chemical Company
The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Global Waterborne Coatings market are
Regional Analysis: The region portion of the Global Waterborne Coatings market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. The geographic market assessment is based on the existing scenario and predicted developments.
COVID-19 Impact Analysis on Global Waterborne Coatings Market:
Following the outbreak of the pandemic, end-user sectors where Global Waterborne Coatings are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Global Waterborne Coatings manufacturers, influencing the growth of the Global Waterborne Coatings market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Global Waterborne Coatings from end-user businesses has decreased significantly.
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Key Questions Answered in the Global Waterborne Coatings Market Report are:
- Which are the major companies in the Global Waterborne Coatings market?
- Which is the potential market for Global Waterborne Coatings in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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