Waterborne Coatings Market Overview
Maximize Market Research's market study on the Waterborne Coatings Market sector provides a thorough analysis of the worldwide market in 2022. It includes a broad range of elements from the Waterborne Coatings Market's kind, distribution channel, end-user, and industrial sector. The research also provides a detailed prognosis through 2029, along with information on recent developments, mergers and acquisitions, and business strategies used by well-known organisations. For beginners hoping to learn more about the sector, this study on the Waterborne Coatings Market is an excellent resource.
The coatings industry is changing as a result of advancements in waterborne resin. Coatings have one or more solvents as their primary component. The paint's component parts are dissolved by solvents, creating a liquid mixture that may be sprayed. The paint coating is left behind after the solvent has been sprayed to a component and has evaporated. Aqueous coatings frequently use water as a solvent. This coating dissolves completely in water and other solvents since it is made of resin that is water soluble.
Aqueous coatings contain organic co-solvents as a result of polymerization or polycondensation processes. Contrary to their name, waterborne coatings frequently contain extra solvents that can make up to 30% of the finished product. Waterborne coatings have existed in some capacity for many years, but in recent years, their performance characteristics have significantly improved.
Market trends for waterborne coatings:
Increasing VOC-free coatings awareness and strict environmental restrictions
The increasing demand for environmentally friendly qualities has been one of the most significant trends in the coatings industry over the past few years. This trend has been greatly influenced by the strict EU regulations governing the reduction of volatile organic compound (VOC) emissions from coating materials. New legislation and rules are being implemented by the European Commission and other federal government agencies, such as the Eco-product Certification Scheme (ECS). These regulations encourage the reduction or elimination of harmful VOC emissions in order to build a green and sustainable environment. Government regulations in the US and Western Europe, notably those pertaining to air pollution, are also anticipated to encourage the use of cutting-edge, low-pollution coating technology.
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Waterborne Coatings Market Scope
A complete overview of the Waterborne Coatings Market and dynamic research technique are provided in the Maximize Market Research study. Along with the PESTAL, PORTER, and SWOT analyses, the research offers details on major growth drivers, market dynamics, challenges, and scope. The study covers the most recent innovations and cutting-edge technological advancements in the worldwide Waterborne Coatings Market. It provides thorough data for the global Waterborne Coatings Market, such as market shares, supply chain analyses, and critical success criteria. Insights and comments from industry professionals who represent the top leading companies in the worldwide Waterborne Coatings Market are presented in the report's concluding part. The research includes historical years (2018-2020), base year (2022), expected year (2022), and projection years (2023-2029) for a certain time period.
Waterborne Coatings Market Value :
Waterborne Coatings Market size was valued at USD 84.25 Bn. in 2022 and the total Waterborne Coatings revenue is expected to grow by 3.8% from 2023 to 2029, reaching nearly USD 109.39 Bn.
Waterborne Coatings Market Segmentation
Global Waterborne Coatings Market, by Resin Type (2021-2029)
• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• Polytetrafluoroethylene
• Polyvinylidene Fluoride
• Polyvinylidene Chloride
• Others
By Resin Type, the Acrylic segment held the largest market share in 2022 and is anticipated to continue dominating the market at the conclusion of the projected period. Thermoplastic resins made from acrylate or methacrylate monomers are known as acrylic-based resins. Some acrylic resins might also include vinyl monomers like styrene or vinyl acetate to cut costs. These resins are excellent for outdoor applications because they resist hydrolysis, exhibit outstanding weather resistance, have great gloss, and maintain colour well. Transparency, UV resistance, and outstanding colour ability for coating solutions are further qualities they provide.
Paints that are solvent-borne contain acrylic resins. Products for solution polymerization can also be used to make powder coatings and water-borne acrylic dispersions for application in architecture. In water-borne systems, these resins reduce VOC emissions. High surface hardness could result from the usage of these acrylic resins. Walls, roofs, and decks can all benefit from acrylic coatings because they create elastomeric surfaces that are more resistant to UV rays. Acrylic coatings are mostly used in the construction sector for high-finishing on roads, bridges, floors, and decks, among other things.
Additionally, marine ships, structures, electrical devices, equipment, and other metal objects are painted or coated with acrylic-based paints and coatings. Due to less environmental concerns, water-based coatings are anticipated to dominate the acrylic resin industry.
Global Waterborne Coatings Market, by Application (2021-2029)
• Architectural
o Residential
o Non-Residential
• Industrial
o Automotive
o General Industrial
o Protective
o Wood
o Marine
o Packaging
o Coil
o Others
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Waterborne Coatings Market Key Players
1. BASF SE
2. AkzoNobel N.V.
3. PPG Industries Inc.
4. RPM International Inc.
5. The Sherwin-Williams Company
6. Asian Paints Limited
7. Axalta Coating Systems LLC.
8. Nippon Paint Holdings Co. Ltd.
9. Kansai Paint Co. Ltd.
10.Jotun Group.
11.Benjamin Moore & Co.
12.Berger Paints India Limited
13.Hempel Group
14.Jotun
15.KCC CORPORATION
16.PPG Industries
17.Sika AG
18.Covestro AG
19.Dow
20.Solvay
21.SILBERLINE MANUFACTURING CO.
22.Hexion
23.The Lubrizol Corporation
24.Eastman Chemical Company
Waterborne Coatings Market Regional Analysis
The report presents statistical data on market growth for each influential economy in the global Waterborne Coatings Market. It encompasses various regions, including North America, Asia-Pacific, Europe, Latin America, and MEA, providing comprehensive insights. The report covers emerging trends, population growth, and government strategies and regulations, offering a holistic view of the market. The concluding section of regional insights provides historical and forecasted data on the market influence of all economies within the respective regions.
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Key Questions answered in the Waterborne Coatings Market Report are:
- Which region held the largest market share in the Waterborne Coatings Market?
- What are the opportunities for the Waterborne Coatings Market?
- What are the restraining factors in the Waterborne Coatings Market?
- Who are the key players of the Waterborne Coatings Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by WATERBORNE COATINGS
- Landscape- Leading key players and other prominent key players.
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