Uploaded on Nov 28, 2022
The coatings industry has been witnessing a shift in preference from solvent-borne coatings to environment-friendly coatings.
EINPresswire-599281196-waterborne-coatings-market-voc-free-coatings-to-create-lucrative-business-opportunities-for-investors-2029
Waterborne Coatings Market: VOC-free
coatings to create lucrative business
opportunities for investors 2029
Emerging economies are expected to be
the touch points of the lucrative trade in
the waterborne coatings market.
PUNE, MAHARASTRA, INDIA, November
3, 2022 /EINPresswire.com/ -- Pune,
Nov 03, 2022: Maximize Market
Research has published a report on the
"Waterborne Coatings Market" that
provides a detailed analysis for the
forecast period of 2022 to 2029.
According to the report, Waterborne
Coatings Market was valued at USD
81.17 Billion in 2021, and it is expected
to reach USD 109.39 Billion by 2029, at
Waterborne Coatings Market
a CAGR of 3.8% during the forecast
period.
To Get a Sample Copy of the Waterborne Coatings Market Report, Click Here:
https://www.maximizemarketresearch.com/request-sample/157821
Waterborne Coatings Market Report Scope & Research
Methodology:
Emerging economies are
The research includes complete market insights for
expected to be the touch
industry stakeholders, including an explanation of complex
points of the lucrative trade
market statistics in clear terms, the history and current
in the waterborne coatings
state of the industry, as well as estimated market size and
market.”
trends. The study looks at all industry segments (Resin
MMR
Type, Application, and Region), with a focus on major firms
such as market leaders, followers, and new entrants. The report is an investor's guide since it
provides a comprehensive picture of the competitive landscape of leading players in the
Waterborne Coatings market by goods and services, revenue, financial status, portfolio, growth
strategies, and geographical presence.
Secondary research is used to identify key companies in the Waterborne Coatings market, while
primary and secondary research is used to determine their market revenues. Interviews with key
opinion leaders and industry specialists such as competent front-line staff, entrepreneurs, and
marketing professionals were conducted as part of primary research, while a review of annual
and financial reports of prominent manufacturers was conducted as part of secondary research.
BASF SE, AkzoNobel N.V., and PPG Industries Inc. are some of the major players in the global
Waterborne Coatings market, and the report not only represents global companies but also
includes the market holdings of local players in each country. The market structure illustrated in
each country, with market holdings by market leaders, followers, and local companies, provides a
full insight into the research. The report covers the market's mergers and acquisitions, strategic
alliances, joint ventures, and partnerships by region, investment, and strategic intent.
Waterborne Coatings Market Overview:
Waterborne coatings are eco-friendly surface treatment which is an amalgamation of binder,
pigment, and additives with water. Water is used as almost 80% of the solvent. This helps for an
even and easy application of the paint or coating. They have a huge market mainly on account
that these coatings have a VOC (Volatile Organic Compounds). Applicable by spray or brush,
waterborne coatings take a long time to dry. However, they have several features such as high
gloss and corrosion protection, rich pigmentation with good heat resistance. It also has low
toxins and flammability making it a preferred choice among consumers across the globe.
Inquiry for Market Insights: https://www.maximizemarketresearch.com/inquiry-before-
buying/157821/
Waterborne Coatings Market Dynamics:
The coatings industry has been witnessing a shift in preference from solvent-borne coatings to
environment-friendly coatings. This has increased the demand for waterborne coatings. The
awareness among people regarding the ill effects of VOCs has been growing, increasing demand
for waterborne coatings. This trend is supported by government rules and regulations against
the use of coatings containing VOCs. New laws expect players to follow regulations such as Eco-
Product Certification Scheme (ECS). Several laws on curbing the spread of air pollution are also
passed. Such trends globally are driving the waterborne coatings market growth.
A major market where waterborne coatings are used extensively in the automotive industry.
Growing global automotive sales are expected to be a key driver of the waterborne coatings
market. Since these coatings are resistant to heat and corrosion, they make for a popular choice
in the industry.
Emerging economies are expected to be the touch points of the lucrative trade in the
waterborne coatings market. These countries are witnessing rapid growth and development
along with the rise in the purchasing power of the citizens. The higher consumption from end-
users part is increasing sales and driving investments in construction, automobiles, electronic
goods, and consumer goods.
One of the shortcomings of the market however is waterborne coatings price fluctuations. Raw
materials required to produce these coatings witness fluctuations in price. Similarly, the creation
of foam used for producing these waterborne coatings may be damaging to the environment,
hampering the waterborne coatings market growth.
Waterborne Coatings Market Regional Insights:
Asia-Pacific held the largest market share of 40 percent for the year 2021 and is expected to
dominate the market by 2029. Rapid development in the region is fuelling growth in industries
such as automotive, consumer goods, appliances, and construction. The growth in these
industries boosted the local demand for water-based coating. China is expected to dominate
APAC waterborne coatings market by 2029. The growing demand for cheap housing and the
government’s investments in the construction and automotive industry are major factors driving
the market growth in the region.
Waterborne Coatings Market in North America is expected to observe rapid growth. This growth
is attributed to fierce regional competition in the market. Major players in the market are
pushing R&D facilities to develop innovative products to stand out along with providing a wide
variety to their consumers.
Waterborne Coatings Market Segmentation:
By Resin Type:
Acrylic
Polyester
Alkyd
Epoxy
Polyurethane
Polytetrafluoroethylene
Polyvinylidene Fluoride
Polyvinylidene Chloride
Others
By Application:
Architectural
Residential
Non-Residential
Industrial
Automotive
General Industrial
Protective
Wood
Marine
Packaging
Coil
Others
Waterborne Coatings Market Key Competitors:
BASF SE
AkzoNobel N.V.
PPG Industries Inc.
RPM International Inc.
The Sherwin-Williams Company
Asian Paints Limited
Axalta Coating Systems LLC.
Nippon Paint Holdings Co. Ltd.
Kansai Paint Co. Ltd.
Jotun Group.
Benjamin Moore & Co.
Berger Paints India Limited
Hempel Group
Jotun
KCC CORPORATION
PPG Industries
Sika AG
Covestro AG
Dow
Solvay
SILBERLINE MANUFACTURING CO.
Hexion
The Lubrizol Corporation
Eastman Chemical Company
Key Questions answered in the Waterborne Coatings Market Report are:
What is the competitive scenario of the Market?
Which are the key factors aiding the Market growth?
Which region is expected to hold the largest share of the Market by 2029?
What will be the CAGR of the Market during the forecast period?
Which are the prominent players in the Waterborne Coatings Market?
What key trends are likely to emerge in the Market during the forecast period?
What is the expected Waterborne Coatings Market size by 2029?
Which company held the largest share of the Waterborne Coatings Market in 2021?
Which application segment is expected to emerge as the leading segment in the Waterborne
Coatings Market?
Which product segment held the largest share of the Waterborne Coatings Market in 2021?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Resin Type, Application, and by Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the Waterborne Coatings Market report:
Maximize Market Research is leading chemical & material research firm, has also published the
following reports:
Coating Additives Market – The coating Additives Market size is expected to reach USD 15.07
Billion by 2029, at a CAGR of 5.8% during the forecast period. In the coatings additives industry,
green additives are expected to perform as well as or better than traditional counterparts, and
to combine performance, sustainability, and efficiency with lower prices.
Coating Resins Market - Coating Resins Market size is expected to reach USD 79.45 Billion by
2029, at a CAGR of 5.7% during the forecast period. In 2021, APAC led the global coating resins
market, accounting for 44.56% of revenue, and this figure is expected to grow further in the
forecast period. With a combined sales share of roughly $10,948.50 million in 2021, India, China,
and Japan are key coating resin consumers in the Asia Pacific region.
About Maximize Market Research:
Maximize Market Research provides syndicate as well as custom-made business and market B2B
and B2C research on 6,500 high-growth emerging technologies and opportunities as well as
threats to the companies across the Chemical, Healthcare, Pharmaceuticals, Electronics and
Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other
manufacturing sectors. Maximize Market Research is positioned to estimate and forecast the
market size with the competitive landscape of the industries. Additional information is available
at https://www.maximizemarketresearch.com/.
Contact Maximize Market Research:
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Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
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Maximize Market research
+91 72638 03166
[email protected]
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