According to a new market research report published by Global Insight Services “Waterborne Coatings Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Waterborne coatings are those that are based on water as the carrier medium for the active ingredients. These coatings are typically thinner than solvent-borne coatings and have low VOCs. Waterborne coatings have a wide range of applications, including automotive, architectural, and industrial. They are typically more environmentally friendly than solvent-borne coatings and have superior durability and performance.
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Key Market Players:
The Waterborne Coatings Market includes players such as 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. and Jotun Group.
Key Trends
Some of the key trends in waterborne coatings technology include the development of more environmentally friendly products, the use of nanotechnology to improve performance, and the development of new formulations to address specific needs.
One of the most important trends in waterborne coatings technology is the development of more environmentally friendly products. This is being driven by stricter regulations on the use of volatile organic compounds (VOCs) in coatings, as well as a general shift in public opinion towards more sustainable products.
Nanotechnology is another key trend in waterborne coatings technology. Nanotechnology can be used to improve the performance of waterborne coatings in a number of ways, such as by increasing the durability or improving the resistance to UV light or other environmental factors.
Key Drivers
The major drivers of this market are the stringent environmental regulations regarding the VOC emissions, and the increasing demand for eco-friendly coatings.
The waterborne coatings are low in VOC emissions as compared to the solvent-based coatings, and are thus preferred by the end-users
Moreover, these coatings provide better corrosion resistance and have superior durability as compared to the solvent-based coatings.
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Market Segments:
The Waterborne Coatings Market is segmented by resin type, application and region. By resin type the market is divided into acrylic, polyester, alkyd, epoxy and others. Based on application, it is divided into architectural and industrial. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the world.
Reasons to buy Waterborne Coatings Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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