Global Waterborne Coatings Market, 2024-2030
Description
Water-borne coatings are based on emulsifying the binder, pigments, and additives with water. Composition varies and may include as much as 70 -80 % of water with small amounts of other solvents. High water content makes waterborne coatings both environmentally friendly and easy to apply. Polyacrylate, polyvinyl ethers, or polyurethane resins are incorporated as binders in water-borne coatings. In water-borne coatings, Volatile Organic Compounds (VOCs) are present in fewer quantities thereby, producing less atmospheric emissions.
Single-component emulsion coatings are used to form films by solvent evaporation. Copolymers of acrylic, vinyl, and styrene compounds are typically used as the binder in this type of coating. Single-component water-borne coatings are primarily used as cosmetic topcoats over. These coatings are normally applied at 50–100 μm DFT. Two-component emulsion coatings are used that form films by solvent evaporation and continued chemical reactions to cure the coating. Polyamide-cured epoxy systems are commonly used as the binder in this type of coating. These coatings dry within two hours and are fully cured within seven days. Water must evaporate from these coatings before they can form films.
Various types of coatings such as water-soluble paints, water-dispersible paints, latex paints and water-based alkyds are used for a variety of applications including automotive, industrial, medical, architectural, wood, general industrial and construction industries. Waterborne coating has been around for at decade in applications including interior wall coatings, the largest part of the architectural coatings.
The global waterborne coatings 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 global waterborne coatings market is growing at a fast pace and increasing its geographical footprint rapidly. The global waterborne coatings market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Asia Pacific region due to expansion of construction and automotive industries. The major growth driver for waterborne coatings market is the growth in architectural and industrial applications such as residential and general industry, which utilize acrylic finishes. Also, the water-borne coatings are environmentally friendly, more weather-resistant and having greater durability.
The major impediments to the expansion of global waterborne coatings market are the weak adhesive quality over less finished surfaces (over chalky, grimy and peeling surfaces) and it’s more time and capital consuming.
Waterborne coatings enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of Waterborne coatings market globally. The companies that lead global market are BASF SE, Akzo nobel, N.V., Asian Paints Ltd., Nippon Mektron, Ltd, PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Axalta Coating Systems LLC.
Research Methodology
The research process includes the market segmentation of the global waterborne coating market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (30%), Asia (45%), Europe (25%)
By designation:
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Single-component emulsion coatings are used to form films by solvent evaporation. Copolymers of acrylic, vinyl, and styrene compounds are typically used as the binder in this type of coating. Single-component water-borne coatings are primarily used as cosmetic topcoats over. These coatings are normally applied at 50–100 μm DFT. Two-component emulsion coatings are used that form films by solvent evaporation and continued chemical reactions to cure the coating. Polyamide-cured epoxy systems are commonly used as the binder in this type of coating. These coatings dry within two hours and are fully cured within seven days. Water must evaporate from these coatings before they can form films.
Various types of coatings such as water-soluble paints, water-dispersible paints, latex paints and water-based alkyds are used for a variety of applications including automotive, industrial, medical, architectural, wood, general industrial and construction industries. Waterborne coating has been around for at decade in applications including interior wall coatings, the largest part of the architectural coatings.
The global waterborne coatings 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 global waterborne coatings market is growing at a fast pace and increasing its geographical footprint rapidly. The global waterborne coatings market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Asia Pacific region due to expansion of construction and automotive industries. The major growth driver for waterborne coatings market is the growth in architectural and industrial applications such as residential and general industry, which utilize acrylic finishes. Also, the water-borne coatings are environmentally friendly, more weather-resistant and having greater durability.
The major impediments to the expansion of global waterborne coatings market are the weak adhesive quality over less finished surfaces (over chalky, grimy and peeling surfaces) and it’s more time and capital consuming.
Waterborne coatings enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of Waterborne coatings market globally. The companies that lead global market are BASF SE, Akzo nobel, N.V., Asian Paints Ltd., Nippon Mektron, Ltd, PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Axalta Coating Systems LLC.
Research Methodology
The research process includes the market segmentation of the global waterborne coating market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (30%), Asia (45%), Europe (25%)
By designation:
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
- Insights on the global waterborne coatings industry dynamics
- Estimation of the present global waterborne coatings market size in terms of value and volume
- Global waterborne coatings market breakup based on type and application
- Substantiated global waterborne coatings market forecast for the next five years.
- In depth analysis of the leading companies working across different nodes of global waterborne coatings 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 waterborne coatings market size (2024–2030)
- By value
- By volume
- Global waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 4. North America Market Analysis
- North America waterborne coatings market size (2024–2030)
- By value
- By volume
- North America waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 5. Europe Market Analysis
- Europe waterborne coatings market size (2024–2030)
- By value
- By volume
- Europe waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific waterborne coatings market size (2024–2030)
- By value
- By volume
- Asia-Pacific waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East waterborne coatings market size (2024–2030)
- By value
- By volume
- Middle East waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 8. Africa Market Analysis
- Africa waterborne coatings market size (2024–2030)
- By Value
- By volume
- Africa waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America waterborne coatings market size (2024–2030)
- By value
- By volume
- Latin America waterborne coatings market size (2024–2030)
- By type
- By application
- By company
- By geography
- 10. Competitive Intelligence
- AkzoNobel
- 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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