Report Id: SNS/C&M/1735 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Waterborne Coatings Market Size was valued at USD 79.35 billion in 2021, and is expected to reach USD 117.74 billion by 2028, and grow at a CAGR of 5.8 % over the forecast period 2022-2028. Waterborne coatings are environmentally beneficial since they use water as a solvent and can be sprayed quickly. They can be used in appliances, architecture, marine, packaging, wood, general industrial, and other applications. Flexibility, adhesion, stain resistance, hardness, and corrosion resistance are some of the features they have.
Waterborne coatings contain up to 80% water to dissolve additives, resin, pigments, and resin before applying the mixture to the material to be painted's body surface. These eco-friendly coatings are utilised for a wide range of applications, including protective coatings, coils, maritime, and industrial wood. Because of its low toxicity, aqueous coating is in great demand in the automotive industry, and its expanding use in a variety of applications, such as metal packaging and architectural applications, will boost industry growth in the near future.
Waterborne coatings are becoming more popular in OEM vehicle applications.
Infrastructural development spending should be increased.
Demand for VOC-free coatings is increasing as a result of new environmental legislation.
Waterborne coatings must have a longer drying time.
The cost of aqueous coatings is rising.
A lower level of performance than solvent-based coatings
Emerging economies have plenty of potential to grow.
Automobile production and sales are increasing.
The government is enacting a growing number of regulatory policies.
Waterborne coating technology's drawbacks
Impact of Covid-19:
The installation of lockdowns across the globe to reduce the spread of COVID-19 is having a cascading effect on the global waterborne coatings sector. The epidemic has posed various hurdles for waterborne coatings producers and suppliers, including disruption in the supply chain, a halt in the manufacturing process, and ongoing transportation and shipment issues for both raw materials and completed goods. To avoid the spread of coronavirus, some testing laboratories were shut down. However, many manufacturing facilities are currently attempting to increase production capacity by refining COVID-19 standards and adjusting to the increasing challenges of product and process innovation. By the end of 2022, the market is predicted to have overcome this position.
Nippon Paint Holdings Co. Ltd, Kansai Paint Co. Ltd,Tikkurila OYJ, AkzoNobel N.V. , Sherwin-Williams Company, RPM International Inc., Asian Paints Limited, BASF SE, Jotun Group (Norway, , PPG Industries Inc., Axalta Coating Systems LLC, and other players.
The Asia-Pacific waterborne coatings market is expected to account for the greatest share of the waterborne coatings industry and have the highest CAGR over the projected period. The growing demand for these coatings from various end-use industries, such as general industrial, automotive, new construction, marine, and remodel & repaint, in countries such as India, China, Malaysia, Taiwan, Indonesia, South Korea, and Vietnam, is expected to drive the region's waterborne coating market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 79.35 Billion|
|Market Size by 2028||US$ 117.74 Billion|
|CAGR||CAGR of 5.8% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF, Others),
• By Application (Architectural, General Industrial, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Nippon Paint Holdings Co. Ltd, Kansai Paint Co. Ltd,Tikkurila OYJ, AkzoNobel N.V. , Sherwin-Williams Company, RPM International Inc., Asian Paints Limited, BASF SE, Jotun Group (Norway, , PPG Industries Inc., Axalta Coating Systems LLC, and other players.|
|DRIVERS||• Waterborne coatings are becoming more popular in OEM vehicle applications.
• Infrastructural development spending should be increased.
• Demand for VOC-free coatings is increasing as a result of new environmental legislation.
|Restraints||• Waterborne coatings must have a longer drying time.
• The cost of aqueous coatings is rising.
• A lower level of performance than solvent-based coatings
Frequently Asked Questions (FAQ) :
Ans: Nippon Paint Holdings Co. Ltd (Japan), Kansai Paint Co. Ltd (Japan),Tikkurila OYJ (Finland), AkzoNobel N.V. (The Netherlands), Sherwin-Williams Company (US), RPM International Inc. (US), Asian Paints Limited (India), BASF SE (Germany), Jotun Group (Norway, PPG Industries Inc. (US) and Axalta Coating Systems LLC (US) are the major key players of Waterborne Coatings Market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Primary or secondary type of research done by this reports.
Ans: Waterborne coatings must have a longer drying time, The cost of aqueous coatings is rising and a lower level of performance than solvent-based coatings are the restraints for Waterborne Coatings Market.
Ans: Waterborne Coatings Market Size was valued at USD 79.35 billion in 2021, and expected to reach USD 117.74 billion by 2028, and grow at a CAGR of 5.8 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Waterborne Coatings Market Segment, By Type
9.Waterborne Coatings Market Segment, By Application
9.2 General Industrial
9.3 Automotive OEM
9.4 Metal Packaging
9.5 Protective Coatings
9.6 Automotive Refinish
9.7 Industrial Wood
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 Axalta Coating Systems LLC
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Nippon Paint Holdings Co. Ltd
11.3 Tikkurila OYJ
11.4 AkzoNobel N.V.
11.5 Sherwin-Williams Company
11.6 RPM International Inc.
11.7 Asian Paints Limited
11.8 Kansai Paint Co. Ltd
11.9 BASF SE
11.10 Jotun Group (Norway)
11.11 PPG Industries Inc.
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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