Waterborne Coatings Market size to reach USD 109.39 Bn by 2029 at a CAGR of 3.8 percent – Says Maximize Market Research

Waterborne Coatings Market size is growing due to increasing construction activities rapid industrialization and urbanization across the world. Waterborne Coatings Market analysis was conducted by dividing the market into two main segments: Resin Type and Application.

Pune, March 24, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Material & Chemical market research firm, has published a competitive intelligence and market research report on the “Waterborne Coatings Market”. The total market opportunity for Waterborne Coatings was USD 81.17 Bn in 2021 and is expected to grow at 3.8 percent CAGR through the forecast period to reach USD 109.39 Bn by 2029.

Waterborne Coatings Market Report Scope and Research Methodology

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The objective of the report is to present a comprehensive analysis of the waterborne coatings market and provide valuable insights, facts, historical data, industry-validated market data and forecasts with a suitable set of assumptions and methodologies. It also includes a detailed analysis of the waterborne coatings market dynamics including drivers, restraints, challenges and opportunities.

Data collection and base year analysis of the global waterborne coatings market is done using data collection modules. The data is analyzed and forecasted using market statistical and comprehensible models with a detailed analysis of the waterborne coatings market share and key trends provided in the report. The bottom-up approach was used to estimate the global and regional waterborne coatings market size. Both research methodologies were used and combined to obtain accurate inferences and validate the crucial numbers obtained. SWOT analysis was conducted to provide strengths and weaknesses of the waterborne coatings market.

Waterborne Coatings Market Overview

The coatings industry is transformed by waterborne resin innovations. Water is a common solvent in aqueous coatings because this coating comprises water-soluble resin, it dissolves in water and solvents. The Waterborne Coatings Market is majorly driven by the increasing usage of waterborne coating in the automotive industry.

Waterborne Coatings Market Dynamics

One of the major drivers is the rising awareness in developing countries related to the benefits and performance features of waterborne coatings. The manufacturers are raising awareness regarding the benefits of waterborne coatings across the world. The high investments by developing economies for infrastructure development and other long-term projects are creating various growth opportunities for the Waterborne Coatings Market growth. Compared to the substitutes of water coatings such as polyurethane and epoxy coatings, water coatings are more expensive.

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The costs of raw materials are high and the investments required for research and development are also high, which is done by manufacturers. These factors are expected to restrain the Waterborne Coatings Market growth during the forecast period.

Waterborne Coatings Market Regional Insights

In 2021, the Asia-Pacific region held the largest revenue share of 40 percent and is expected to dominate the global Waterborne Coatings Market. During the forecast period, China is expected to lead the regional market. This growth of the market is due to the continuous rise in the manufacturing of products for consumption.

The Waterborne Coatings Market in the North America region is expected to grow at a rapid rate during the forecast period. This growth of the market is mainly attributed to the presence of major players in the region.

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

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Waterborne Coatings Market Key Competitors include:

• 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 are:

• What is Waterborne Coating?
• What is the expected CAGR of the Waterborne Coatings Market by the end of the forecast period?
• What are the global trends in the Waterborne Coatings Market?
• What are the major challenges that the Waterborne Coatings Market could face in the future?
• What are the upcoming industry applications and trends for the Waterborne Coatings Market?
• Who are the leading companies and what are their portfolios in Waterborne Coatings Market?
• Who held the largest market share in Waterborne Coatings Market?
• What are the factors contributing to the final price of Waterborne Coatings?
• What are the recent industry trends that can be implemented to generate additional revenue streams for Waterborne Coatings Market?
• How is the intervention from regulatory authority is shaping the Waterborne Coatings Market?
• What growth strategies are the players considering to increase their presence in Waterborne Coatings?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by Resin Type, Application and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:

Coating Additives Market – The market size is expected to reach USD 15.07 billion by 2029 at a CAGR of 5.8 percent during the forecast period. The market is expected to be driven by the increasing demand from the Construction Industry for Water-Based Coatings.

Water-Based Coatings Market – The market size is expected to reach USD 110.13 billion by 2029 at a CAGR of 6.78 percent during the forecast period. The market is expected to be driven by the rising awareness pertaining to the environment and stringent legislation resulting from environmental concerns.

Paints and Coatings Market – The market size is expected to reach USD 261.25 billion by 2029 at a CAGR of 4.15 percent during the forecast period. The market is expected to be driven by the growing building and construction industry due to the growing population and industrialization.

Coating Resins Market – The market size is expected to reach USD 79.45 billion by 2029 at a CAGR of 5.7 percent during the forecast period. The market is expected to be driven by the increasing use of powder coatings in the automotive industry and the increase in construction activities.

Waterborne Epoxy Resin Market – The market size is expected to reach USD 7.14 billion by 2029 at a CAGR of 7.8 percent during the forecast period. The market is expected to be driven by the increasing demand from the end-use industries such as Construction, Automotive, Furniture and others.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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