Waterborne Coatings Market Overview:
This study’s objective is to present a thorough market segmentation by geographic regions and product types, as well as an overview of the Waterborne Coatings industry. The analysis includes major information on the market positions of the top Waterborne Coatings organizations as well as significant industry trends and opportunities.
The study also includes information on the major players in the Waterborne Coatings market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. In this study, market volume, value, and trends are examined at the corporate, regional, and global levels. The entire Waterborne Coatings Market Size is examined worldwide in this study, and future trends are predicted using historical data.
The market for waterborne coatings was estimated to be worth USD 81.17 billion in 2021, and from 2022 to 2029, it is anticipated that this market will generate close to USD 109.39 billion in total revenue.
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Market Scope:
In-depth primary research was undertaken aftermarket engineering, which involved data triangulation, market breakdown, market projections, market statistics computations, and market size calculations, to collect data, validate key figures, and verify the results. Throughout the market engineering process, top-down and bottom-up methodologies, as well as a number of data triangulation approaches, were frequently used to acquire market assessments and predictions for the broad market segments and sub-segments included in the Waterborne Coatings market study. In order to give vital information throughout the report, rigorous qualitative and quantitative analysis is done on all data collected throughout the whole market engineering process.
To verify the market size and estimate the market size by various segments, bottom-up methodologies are utilized. The research’s market projections are based on the selling 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 location in order to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the stated market Size in the relevant region or country is used to determine the country-by-country divisions of the overall market and its sub-segments.
Segmentation:
By Resin Type, the Acrylic segment held the largest market share in the Waterborne Coatings market in 2021 and is anticipated to continue dominating the market at the conclusion of the forecast period. Thermoplastic resins made from acrylate or methacrylate monomers are known as acrylic-based resins. Some acrylic resins might also include vinyl monomers like styrene or vinyl acetate to cut costs. These resins are excellent for outdoor applications because they resist hydrolysis, exhibit outstanding weather resistance, have great gloss, and maintain color well. Transparency, UV resistance, and the outstanding color ability for coating solutions are further features they provide.
Paints that are solvent-borne contain acrylic resins. Products for solution polymerization can also be used to make powder coatings and water-borne acrylic dispersions for application in architecture. In water-borne systems, these resins reduce VOC emissions. High surface hardness could result from the usage of these acrylic resins. Walls, roofs, and decks can all benefit from acrylic coatings because they create elastomeric surfaces that are more resistant to UV rays. In the construction industry, acrylic coatings are primarily utilised for high-finishing on a variety of surfaces, including floors, decks, bridges, and roadways.
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Key Players:
• 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.
As inorganic growth strategies, the sector emphasized partnerships, acquisitions, and collaborations. Because of the market’s potential for rapid future expansion, industry participants in the Waterborne Coatings market should profit from this growth. The businesses listed below make up the global Waterborne Coatings market.
Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Waterborne Coatings market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Waterborne Coatings Market:
All facets of society have seen significant changes in consumer behavior as a result of the COVID-19 epidemic. Industries, on the other hand, will need to adjust their plans to accommodate for shifting market supply. This report offers an overview of COVID-19’s impact on the Waterborne Coatings market and will help you build your business in accordance with the new industry standards.
Key Questions Answered in the Waterborne Coatings Market Report are:
- What will the market’s CAGR be within the expected time frame?
- Which market segment overtook the Waterborne Coatings industry as the dominant force?
- Which businesses control the Waterborne Coatings market?
- How big will the market for Waterborne Coatings be in 2029?
- In the Waterborne Coatings sector, which company had the biggest market share?
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