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.
Waterborne Coatings Market Overview:
The Waterborne Coatings Market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Waterborne Coatings Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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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.
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
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and markeWaterborne Coatingsg executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and markeWaterborne Coatingsg executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Waterborne Coatings market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacWaterborne Coatingsg current and future market trends are also covered in the Waterborne Coatings market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer fooWaterborne Coatingsg. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Waterborne Coatings Market:
End-user industries where Waterborne Coatings are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Waterborne Coatings manufacturers, harming the Waterborne Coatings market’s growth in 2020. End-user business demand for Waterborne Coatings has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Waterborne Coatings Market Report are:
- In 2021, which segment accounted for the most share of the Waterborne Coatings market?
- What is the competitive landscape of the Waterborne Coatings market?
- What are the key factors influencing Waterborne Coatings market growth?
- In the Waterborne Coatings market, which region has the most market share?
- What will be the CAGR of the Waterborne Coatings market during the forecast period (2022-2027)?
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