Waterborne Coatings Market Insights:
The Waterborne Coatings Market was analyzed which was worth USD 56.22 Billion in the year 2022, expecting a CAGR of 5.5% during the forecast period (2023-2030), and the market is projected to be valued at USD 86.28 Billion by 2030.
The increased adoption of Waterborne Coatings in the Paints, Coatings & Printing Inks is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Waterborne Coatings also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Waterborne Coatings in many sectors also boosts the market growth during the forecast period.
Waterborne coatings are coatings in which water is used as the solvent or carrier instead of traditional organic solvents. They are also known as water-based coatings. Waterborne coatings can be used in a wide range of applications, including architectural coatings, automotive coatings, and industrial coatings. Waterborne coatings have several advantages over traditional solvent-based coatings. One of the main advantages is that they are more environmentally friendly, as they produce lower levels of volatile organic compounds (VOCs) during application. This makes them a popular choice for use in areas with strict environmental regulations.
Waterborne Coatings Market Research Report” was just released by Market Research Community. It is divided into several categories, including Resin Type (Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Resin Types), End-user Industry (Building and Construction, Automotive, Industrial, Wood, Other End-user Industries), and companies (AkzoNobel NV, BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd., Kansai Paint Co., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corp., Tikkurila Oyj), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.5%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||86.28 Billion|
|By Resin Type||Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Resin Types|
|By End-user Industry||Building and Construction, Automotive, Industrial, Wood, Other End-user Industries|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||AkzoNobel NV, BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd., Kansai Paint Co., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corp., Tikkurila Oyj|
The COVID-19 pandemic has had a substantial negative influence on the Waterborne Coatings market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
AkzoNobel NV, BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd., Kansai Paint Co., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corp., Tikkurila Oyj
Market Segment Analysis:
By Resin Type
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Other Resin Types
By End-user Industry
- Building and Construction
- Other End-user Industries
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Waterborne Coatings industries in the region.
Key Waterborne Coatings Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Waterborne Coatings Market segments.
– Largest Market Share Held by Industry to Industry for Waterborne Coatings
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Waterborne Coatings Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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