Global Water Soluble Paints Market Analysis, 2024-2030
Description
Paints, for being able to use, requires a solvent with which they are mixed. Paint is a mixture of binder + pigments + solvent; water-soluble paints are paints which can use water as a solvent. Water-soluble paints are relatively new and innovative breed of paints that comprise 80% water as against other conventionally used solvents by the likes of organic compounds. They are highly eco-friendly compared to its supplementary organic solvents.
These high-water content paints are used commercially in various sectors. These sectors can be broadly classified into industrial, residential and others. These paints owing to their ease of use are used widely in the building and construction industry. Also, since these paints prevent the surface from corrosion, they are very much in demand in the automobile industry. Further, they find use in many other wide scoped fields owing to their eco-friendly nature.
The report on global water-soluble paints market represent insight on current market scenario by conducting more than 320 hours of secondary and primary research. As per the report, the water-soluble paint market was estimated at US $ XXX billion in 2018. It is estimated to show a growth percentage of xxx % CAGR; Thus, having a market share of US $ XXX billion by 2024. The market for self-healing polymers is likely to grow with a CAGR of xx % every year during this period.
There has been a global shift of awareness towards the use of methods and substances which are eco-friendly as against the already existing methods and substance. In the wake of such awareness, the following factors prove to be the growth drivers for the market of water-soluble paints: governments of different nations have become increasingly stringent about the use of eco-friendly products. To combat the problems of global warming, ozone depletion etc., laws have been articulated to curb the use of organic solvents. Water-soluble paints fall within the ambit of environmental protection laws, as compared to the paints requiring organic solvents. The lifestyle of the global population is showing exponential growth in terms of quality. This increases the demand for residential as well as industrial development. Development of such new structures while complying with the environment-friendly laws and other added benefits prove as a driver for water-soluble paints.
The sale graph for automobile industry has shown a steep incline. Owing to the corrosion preventing attributes of water-soluble paints (as lack of organic compound in the same prevents oxidation); the automobile industry provides a lot of potential for the growth of the same. Increasing cost of raw materials has made the manufacture of water-soluble paints, an expensive affair. Further, the government though has made environmental protection laws. However, it’s not offering much support in subsidizing or providing any other added benefits to increase the production quantum of such paints.
Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa are the current major water-soluble paints manufacturing regions. The Asia Pacific as a region is predicted to be the major player in the water-soluble paints market, owing to increasing development and population. Regions like North America and Europe are also to display major growth because of increased awareness towards environment coupled with high infrastructural development. All the other regions are also estimated to show considerable growth owing to the growth forecast of the infrastructure and development in such regions.
BASF, Akzo Nobel NV, Du Pont Performance Coating, Kansai Paint, Arkema SA, and Bayer AG are the leading influencers in the global water-soluble paints market.
Our Approach
The research process begins with the bifurcation of different market segments of global water-soluble paints market, followed by identification of factors affecting the growth each segment. Then, the market forecasts were built based on the input shared by the business leaders across water-soluble paints industry value chain. Market Krystal have conducted more than 45 interviews for this study, details of which are mentioned below:
By company type:
Manufacturers (35%), Suppliers (30%), Consumers (15%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
These high-water content paints are used commercially in various sectors. These sectors can be broadly classified into industrial, residential and others. These paints owing to their ease of use are used widely in the building and construction industry. Also, since these paints prevent the surface from corrosion, they are very much in demand in the automobile industry. Further, they find use in many other wide scoped fields owing to their eco-friendly nature.
The report on global water-soluble paints market represent insight on current market scenario by conducting more than 320 hours of secondary and primary research. As per the report, the water-soluble paint market was estimated at US $ XXX billion in 2018. It is estimated to show a growth percentage of xxx % CAGR; Thus, having a market share of US $ XXX billion by 2024. The market for self-healing polymers is likely to grow with a CAGR of xx % every year during this period.
There has been a global shift of awareness towards the use of methods and substances which are eco-friendly as against the already existing methods and substance. In the wake of such awareness, the following factors prove to be the growth drivers for the market of water-soluble paints: governments of different nations have become increasingly stringent about the use of eco-friendly products. To combat the problems of global warming, ozone depletion etc., laws have been articulated to curb the use of organic solvents. Water-soluble paints fall within the ambit of environmental protection laws, as compared to the paints requiring organic solvents. The lifestyle of the global population is showing exponential growth in terms of quality. This increases the demand for residential as well as industrial development. Development of such new structures while complying with the environment-friendly laws and other added benefits prove as a driver for water-soluble paints.
The sale graph for automobile industry has shown a steep incline. Owing to the corrosion preventing attributes of water-soluble paints (as lack of organic compound in the same prevents oxidation); the automobile industry provides a lot of potential for the growth of the same. Increasing cost of raw materials has made the manufacture of water-soluble paints, an expensive affair. Further, the government though has made environmental protection laws. However, it’s not offering much support in subsidizing or providing any other added benefits to increase the production quantum of such paints.
Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa are the current major water-soluble paints manufacturing regions. The Asia Pacific as a region is predicted to be the major player in the water-soluble paints market, owing to increasing development and population. Regions like North America and Europe are also to display major growth because of increased awareness towards environment coupled with high infrastructural development. All the other regions are also estimated to show considerable growth owing to the growth forecast of the infrastructure and development in such regions.
BASF, Akzo Nobel NV, Du Pont Performance Coating, Kansai Paint, Arkema SA, and Bayer AG are the leading influencers in the global water-soluble paints market.
Our Approach
The research process begins with the bifurcation of different market segments of global water-soluble paints market, followed by identification of factors affecting the growth each segment. Then, the market forecasts were built based on the input shared by the business leaders across water-soluble paints industry value chain. Market Krystal have conducted more than 45 interviews for this study, details of which are mentioned below:
By company type:
Manufacturers (35%), Suppliers (30%), Consumers (15%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
- Insight on the water-soluble paints industry dynamics
- Estimation of the current global water-soluble paints market size in terms of value and volume
- Global water-soluble paints market breakup based on type (acrylic-based, polyester-based, alkyd-based, epoxy-based, epoxy ester-based), end-user (automotive, industrial, wood, architectural) and geography (North America, Europe, Asia-Pacific, Middle-East, Africa, Latin America)
- Substantiated global water-soluble paints market forecast for the next five years
- Detailed analysis of the key companies operating across different nodes of water-soluble paints industry value chain
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global water-soluble paints market size (2024–2030)
- By value
- By volume
- Global water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 4. North America Market Analysis
- North America water-soluble paints market size (2024–2030)
- By value
- By volume
- North America water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 5. Europe Market Analysis
- Europe water-soluble paints market size (2024–2030)
- By value
- By volume
- Europe water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific water-soluble paints market size (2024–2030)
- By value
- By volume
- Asia-Pacific water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East water-soluble paints market size (2024–2030)
- By value
- By volume
- Middle East water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 8. Africa Market Analysis
- Africa water-soluble paints market size (2024–2030)
- By value
- By volume
- Africa water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America water-soluble paints market size (2024–2030)
- By value
- By volume
- Latin America water-soluble paints market share (2024–2030)
- By type
- By end-user
- By company
- By geography
- 10. Competitive Intelligence
- Kansai Paint
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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