Asia Water Soluble Paints Market, 2024-2030

Water soluble paints contain water as a dispersal agent for the resins.These resins are usually synthesized from polycondensation or polymerization in an organic medium. Here, the water amount is almost 80% of the total paint volume which makes it eco-friendly. The water soluble paints market is categorized into polyacrylate-based, polyester-based, alkyd-based, epoxy-based and epoxy ester-based. Since water holds the major portion of the volume, these paints are glossier and have better color retention.

The Asia water soluble paints market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Asia-Pacific Water soluble paints market is growing at a fast pace and increasing its geographical footprint rapidly. The Asia water soluble paints market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

Due to upcoming government regulations there has been rising awareness towards eco-friendly substances. That is why it is extensively used in construction and automotive sectorsdue to the good corrosion protection and high gloss properties. Also, the high demand for development of new infrastructures for the increasing number of population is also expected to boost the market since the water soluble paints are preferred for over that of the conventional paints. Furthermore, water soluble paints are used for painting wood furniture as they allow the wood to shrink and expand without cracking.

The high cost of raw materials appears to be an additional investment in the production of paints and coatings which is hindering the growth of water soluble paints market. Since few years, cost of the raw materials such as epoxy and titanium dioxide has been increased significantly across the globe which has resulted in a rise in the price of the paints and coatings.

The Asia water soluble paints market has remarkable usage across all major countries in the Asia such as China, Japan, India, Indonesia, and other Asian Countries. Some of the major players in Asia-Pacific Water soluble paints market are Asian Paints Ltd., Nippon Paint Holdings Co., Ltd. Berger Paints India Limited. Kansai Nerolac paints

Research Methodology

The research procedure begins with the bifurcation of various market segments of Asia water soluble paints market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across water soluble paints industry value chain. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Asia water soluble paints industry dynamics
• Estimation of the present Asia water soluble paints market size in terms of value and volume
• Asia water soluble paints market breakup basedon type and application
• Substantiated Asia water soluble paints market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Asia water soluble paints industry value chain

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