11-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Waterborne Coatings Market By Type (Acrylic, PVDC, Polyester, PVDF, Polyurethane, Alkyd, PTFE, Epoxy, and Others), By Application (Architectural, and Industrial), By Architectural(Non-Residential, Residential, Remodel & Repaint, and New Construction), By(Automotive, Coil, General Industrial, Packaging, Protective, Marine, Wood, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Waterborne Coatings market in 2019 was approximately USD 75 Billion. The market is expected to grow at a CAGR of 4.5% and is anticipated to reach around USD 100 Billion by 2026.
Waterborne coating is a common term used to describe any surface coating or finishing that uses solvent in the form of water to disseminate the resin applied to it to form the coating. A composition differs with a minimum proportion of other solvents such as glycol ethers that can contain up to 80% water. The content of water in the large quantity makes waterborne coatings both easy to apply and environmentally friendly.
Browse the full “Waterborne Coatings Market By Type (Acrylic, PVDC, Polyester, PVDF, Polyurethane, Alkyd, PTFE, Epoxy, and Others), By Application (Architectural, and Industrial), By Architectural(Non-Residential, Residential, Remodel & Repaint, and New Construction), By(Automotive, Coil, General Industrial, Packaging, Protective, Marine, Wood, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/waterborne-coatings-market-by-type-acrylic-pvdc-polyester-1112
Waterborne coatings are used for a significant part in architectural applications. Due to rising applications, government regulatory support, and increased public awareness, the waterborne coatings industry is seeing high growth. The rapid growth of the market for waterborne coatings is propelled by environmental issues and ever more stringent regulations.
Moreover, one of the most important developments in the coatings industry in the past decade has been the environmentally friendly trait, primarily driven by tighter EU regulations on factors such as the reduction of VOC emissions in waterborne coatings. Demand has changed from solvent-borne coatings to water-borne, environmentally friendly coating. Resins are estimated to create lucrative opportunities for waterborne coatings, which in turn affect the big trends in the market for waterborne coatings.
The Waterborne Coatings market is segmented based on type and application. On the basis of type segmentation, the market is classified into acrylic, PVDC, polyester, PVDF, polyurethane, alkyd, PTFE, epoxy, and others. Acrylic is projected to hold a major share in the forecast period owing to its wide range of applications in the construction, automotive, and medical industry. The inherent chemical and aesthetic characteristics make it easy to use acrylic in the industries.
In terms of Application segmentation, the market is bifurcated into architectural and industrial. The architectural based applications projected to fetch the highest revenue and volume for the waterborne coatings market. Based on the architectural market is further categorized as non-residential, residential, remodel & repaint, and new construction. Moreover, on the basis of the industrial market is bifurcated as automotive, coil, general industrial, packaging, protective, marine, wood, and others
Based on the regional market is segmented such as Based on the regional market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is projected to lead the waterborne coatings market. The growing marine industry and the presence of the major ports in the south Asian countries estimated to boost the waterborne coatings market in the forthcoming time. Also, shipbuilding businesses in countries such as China, Japan, and South Korea estimated to create a favorable ecosystem for waterborne coatings in the forecast period. The Asia Pacific market is estimated to follow by North America and Europe. On the other hand, the growth of Latin America and the Middle East & Africa projected to witness moderate growth.
The waterborne coatings market is quite fragmented owing to the presence of big brands and small players from China. The fragmented market of waterborne coatings may create a price war amongst the players in the forthcoming period. The leading players in the waterborne coatings market are BASF SE, Tikkurila OYJ, AkzoNobel N.V., Jotun Group, PPG Industries Inc., Kansai Paint Co. Ltd., RPM International Inc., Nippon Paint Holdings Co. Ltd., The Sherwin-Williams Company, Axalta Coating Systems LLC, and Asian Paints Limited.
This report segments the Waterborne Coatings market as follows:
Global Waterborne Coatings Market: By Type Segmentation Analysis
Global Waterborne Coatings Market: By Application Segmentation Analysis
- Remodel & Repaint
- New Construction
- General Industrial
Global Waterborne Coatings Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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