Market Definition
Water is used as a solvent in waterborne coatings or finishes to disperse the resin. Waterborne coatings can include up to 80% water and just a tiny quantity of additional solvents, including glycol ethers. Its composition varies. Waterborne coatings have a high water content. As a result, these coatings are simple to apply and ecologically friendly. Excellent surface qualities including anti-sealing effects, high gloss, and rub resistance are provided by waterborne coatings.
Market Outlook
Considering that they are heat and abrasion resistant, waterborne coatings make great primers. They may be applied in thick or thin coats and produce good adherence. They also make it simple to modify and combine colours. Both internal and external surfaces can be coated using waterborne materials. These coatings offer high gloss, wetting, and stability in addition to helping to prevent corrosion on the surface. To boost surface resistance to corrosion and weathering, waterborne coatings are utilized. They are also employed to increase the structural durability and aesthetics.
During the past 10 years, the building and construction coatings sector has revolutionised. The coatings that are now on the market have varied environmental profiles and qualities as well as diverse raw material bases. Many factors, including synthesis chemists, paint formulators, end users, and environmental restrictions, have influenced these modifications. For the past ten years, the building and construction coatings sector has seen a strong era of innovation. The transition from oil-based to waterborne paints, the reduction of VOCs, the elimination of potentially hazardous chemicals, the emergence of paint-and-primer-in-one products, the desire to offer improved film properties like dirt pickup resistance and early rain resistance, and the desire to offer simple-to-apply new looks are a few of the major drivers. The need for residential, commercial, and industrial infrastructure is rising along with urbanization. The demand for aqueous coatings from end users in the building and construction industry is consequently increasing. The demand for new homes is rising due to low interest rates on mortgages, which is fueling the building and construction coatings market, particularly in the Asia Pacific region. Due to the rising need for infrastructure in the residential, non-residential, and commercial sectors in Asia Pacific and MEA, this market is predicted to grow quickly.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The waterborne coatings market has been segmented into resin type, application, and region. Based on resin type, the market is segmented into acrylic, polyester, alkyd, epoxy, polyurethane (PU), polytetrafluoroethylene (PTFE), polyvinylidene chloride (PVDC), polyvinylidene fluoride (PVDF), and others. On the basis of application, it is bifurcated into architectural and industrial. Region-wise, it is studied across North America, Europe, Asia Pacific, and Rest of the World.
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Key Market Players
The Waterborne Coatings Market includes players such as AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (US), BASF SE (Germany), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Co.,Ltd. (Japan), Nippon Paint Holdings Group (Japan), PPG Industries, Inc. (US), and Sherwin-Williams Company (US).
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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