The Water Borne Coatings Global Market Report 2023 by The Business Research Company, provides water borne coatings market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Water Borne Coatings Global Market Report 2023, the market size is expected to grow from the water borne coatings market size has grown strongly in recent years. It will grow from $114.2 billion in 2023 to $121.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to consumer demand for eco-friendly products, health and safety concerns, architectural applications, automotive and transportation sector.The water borne coatings market size is expected to see strong growth in the next few years. It will grow to $152.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
The growing automotive industry is expected to boost the growth of the waterborne coatings market going forward. The automotive industry refers to the collection of companies, organizations, and activities involved in the design, development, manufacturing, marketing, and sale of motor vehicles. The automotive industry has been adopting waterborne coatings to reduce emissions, improve durability, and enhance the aesthetic appeal of vehicles. Waterborne coatings also meet the strict quality and performance standards of the automotive sector
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The water borne coatings market is segmented:
1) By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types
2) By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial
3) By End Userr Industry: Building and Construction, Automotive, Industrial, Wood, Other End-User Industries
Smart coatings and high-performance coating technologies are being adopted by companies to enhance the efficiencies of coating compounds. Nanocoatings are a type of smart coating that has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion, and micro-bacterial growth. Fluoropolymer coating is known for its high-performance properties such as durability and cost-efficiency.
The water borne coatings market report table of contents includes:
1. Executive Summary
2. Water Borne Coatings Market Characteristics
3. Water Borne Coatings Market Trends And Strategies
4. Water Borne Coatings Market – Macro Economic Scenario
5. Global Water Borne Coatings Market Size and Growth
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26. South America Water Borne Coatings Market
27. Brazil Water Borne Coatings Market
28. Middle East Water Borne Coatings Market
29. Africa Water Borne Coatings Market
30. Water Borne Coatings Market Competitive Landscape And Company Profiles
Top Major Players:
- AkzoNobel NV
- BASF SE
- Axalta Coating Systems Ltd
- Berger Paints Ltd
- Kansai Paint Co. Ltd
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