Water-borne Coatings Market

Water-borne Coatings by End-users (Automotive, Building & Construction, Wood, Industrial, and Others), Resins (Alkyd, Epoxy, Polyurethane, Acrylic, Polyvinylidene Fluoride, Polyester, Polyvinylidene Chloride, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3314
  • Author: Growth Market Reports
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  • No. Of Pages: 215
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The global water-borne coatings market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of market is attributed to increasing usage of coatings in construction of buildings and rising demand for environmentally friendly product.

Water-borne Coatings Market

The waterborne coating is an ecofriendly surface treatment that dissolves the resin used to form the coating or paint using water as a solvent water absorbs about more than 75 % of the resin used. Its goal is to make the coating easier to apply.

Waterborne coatings provide excellent surface qualities including anti-sealing, smooth finish, and abrasion resistance. Due to their resilience to heat and abrasion, waterborne coatings make good foundations. They have a high level of adhesion and may be applied in thick or thin layers.

It also makes color mixing and alterations simple. Waterborne coatings can be applied to both internal and external surfaces. These coatings protect the surface from corrosion while also providing excellent gloss, wetting, and stability. Waterborne coatings are used to protect surfaces against corrosion and deterioration. They are also utilized to enhance the appearance and longevity of constructions.

The product has the advantages of being low-odor, safe, and simple to clean, which has increased product use in the architectural sector, consequently encouraging market expansion.

Due to various applications such as anti-fouling & self-cleaning agents, and anti-corrosion there is an increased demand for waterborne coating in marine industry.

Waterborne coatings usage has also risen in industrial wood applications such as furniture, flooring, specialty wood products, and mill operations. The substance guards against scratches, chemical abrasion, and corrosion on wood and wood substrates.

The architecture and construction industry are one of the fastest growing industries for waterborne coating. As waterborne coatings are corrosion resistant and provide gloss finish, an increasing number of construction companies are turning to them to provide long-term surface treatments for outdoor venues and infrastructure projects.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising automotive division in emerging nations, as well as the potential for waterborne in the shipbuilding and pipeline industries are projected to fuel the market in the coming years.
  • Increasing discretionary personal income enabled purchase luxury wood flooring is anticipated to surge the market.
  • Growing environmental concerns, as well as severe regulatory laws, are causing worry about the emission of volatile organic compounds (VOCs) which are expected to boost the market during the forecast period.
  • Developments in land and buildings such as high-end buildings, offices, and malls are expected to fuel the market during the forecast period.
  • Rapid growth of the automotive & transportation sector is key factors fueling the market in the coming years.
  • Fluctuating raw materials prices act as a key challenge that can hamper the market growth.
  • Humidity and temperature sensitivity are expected to hinder the market.

Scope of the Report

The report on the global water-borne coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Water-borne Coatings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Automotive, Building & Construction, Wood, Industrial, and Others), Resins (Alkyd, Epoxy, Polyurethane, Acrylic, Polyvinylidene Fluoride, Polyester, Polyvinylidene Chloride, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

The Sherwin Williams Company; Jotun; Akzo Nobel N.V.; Axalta Coatings Systems; PPG Industries Inc.

Global Water-Borne Coatings Market Segment Insights

The automotive segment is projected to constitute a key market share

Based on end-users, the water-borne coatings market is divided into automotive, aerospace, building & construction, wood, industrial, and others. The automotive segment is expected to account for a key share of the market during the forecast period owing to rising necessity for long-lasting and protective coating in vehicle also growing demand for new generation vehicle.

Water-borne Coatings Market

The acrylic coatings segment is expected to expand at a rapid pace

In terms of resins, the water-borne coatings market is segmented into alkyd, epoxy, polyurethane, acrylic, polyvinylidene fluoride, polyester, polyvinylidene chloride, and others. The acrylic segment is expected to hold a key share of the market in the coming years due to chemical qualities and distinct visual traits; they have a wide range of uses.

Asia Pacific is anticipated to dominate the market

On the basis of regions, the water-borne coatings market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. Growth of the market is attributed to increasing income and rising architectural and building market, in countries such as India, China, and Japan also rapid growth of automotive industry in the region.

Segments

Segments Covered in the Report

The global water-borne coatings market has been segmented on the basis of

End-users

  • Automotive, Aerospace
  • Building & Construction
  • Wood
  • Industrial
  • Others

Resins

  • Alkyd
  • Epoxy
  • Polyurethane
  • Acrylic
  • Polyvinylidene Fluoride
  • Polyester
  • Polyvinylidene Chloride
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Sherwin Williams Company
  • Jotun; Akzo Nobel N.V.
  • Axalta Coatings Systems
  • PPG Industries Inc.

Competitive Landscape

Key players competing in the water-borne coatings market include The Sherwin Williams Company; Jotun; Akzo Nobel N.V.; Axalta Coatings Systems; PPG Industries Inc.

Some of these players are coming up with several market/business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Water-borne Coatings Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water-borne Coatings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Water-borne Coatings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Water-borne Coatings Market - Supply Chain
  4.5. Global Water-borne Coatings Market Forecast
     4.5.1. Water-borne Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Water-borne Coatings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Water-borne Coatings Market Absolute $ Opportunity
5. Global Water-borne Coatings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Water-borne Coatings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Water-borne Coatings Demand Share Forecast, 2019-2026
6. North America Water-borne Coatings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Water-borne Coatings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Water-borne Coatings Demand Share Forecast, 2019-2026
7. Latin America Water-borne Coatings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Water-borne Coatings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Water-borne Coatings Demand Share Forecast, 2019-2026
8. Europe Water-borne Coatings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Water-borne Coatings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Water-borne Coatings Demand Share Forecast, 2019-2026
9. Asia Pacific Water-borne Coatings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Water-borne Coatings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Water-borne Coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa Water-borne Coatings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Water-borne Coatings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Water-borne Coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Water-borne Coatings Market: Market Share Analysis
  11.2. Water-borne Coatings Distributors and Customers
  11.3. Water-borne Coatings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global water-borne coatings market has been segmented on the basis of

End-users

  • Automotive, Aerospace
  • Building & Construction
  • Wood
  • Industrial
  • Others

Resins

  • Alkyd
  • Epoxy
  • Polyurethane
  • Acrylic
  • Polyvinylidene Fluoride
  • Polyester
  • Polyvinylidene Chloride
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Sherwin Williams Company
  • Jotun; Akzo Nobel N.V.
  • Axalta Coatings Systems
  • PPG Industries Inc.

Key players competing in the water-borne coatings market include The Sherwin Williams Company; Jotun; Akzo Nobel N.V.; Axalta Coatings Systems; PPG Industries Inc.

Some of these players are coming up with several market/business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Water-borne Coatings Market

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