Waterborne Coatings Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Waterborne Coatings Market Size- By Resin Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: CHEM2397 | Pages: 1 - 231 | Formats*: |
| Category : Chemical & Materials | |||
Waterborne Coatings Market Introduction and Overview
According to SPER Market Research, the Global Waterborne Coatings Market is estimated to reach USD 160.15 billion by 2033 with a CAGR of 4.41%.
The report includes an in-depth analysis of the Global Waterborne Coatings market, including market size and trends, product mix, distribution channels, and supplier analysis. Surface coatings or finishes known as "waterborne coatings" breakdown the resin by using water as a solvent. In contrast, solventborne coatings serve as a protective layer by applying a liquid layer to the surface of the material, preventing corrosion. These coatings are environmentally friendly and simple to apply. They offer superior surface qualities like high gloss, resistance to rubbing, and anti-sealing capabilities. The aqueous coatings' tolerance to heat and abrasion makes them great primers as well. They can be applied in thick or thin coatings to the inner and outer surfaces since they also promote color mixing and good adherence. Waterborne and solventborne coatings also provide wetting, high gloss, stability, and corrosion protection for the surface.
- BASF extended its Automotive Coatings application facility at the Coatings Technology facility in Mangalore, India, in March 2022. This 400 square meter addition has a variety of equipment installed, including electrostatic rotating bell applicators among other things. The company would be better able to create and develop cutting-edge automotive coating solutions with this expansion.
- The state of North Carolina, Iredell County, and the city of Statesville inked an agreement with The Sherwin-Williams Company in February 2022 to increase the company's capacity for producing architectural paint and coatings. Included in this are the construction of an 800,000-square-foot distribution and fleet transportation hub, four additional rail spurs, and a 36,000-square-foot extension.
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Market Opportunities and Challenges
Opportunities: Emerging economies have significant room for expansion.
- Emerging nations are making large investments in long-term projects like building infrastructure. Due to major investments made by top businesses to take advantage of the prospects in these economies, markets in these economies are growing at a faster rate than those in North America and Western Europe. Manufacturers of resin and aqueous coatings are finding great prospects in the Asia Pacific market, particularly in China and India.
Challenges: The increasing number of regulatory rules being established by different governments requires coatings producers to continuously improve their processes in order to comply with new policies. Tightly regulated environmental nations, especially those in Western Europe and North America, do not permit the use of products that do not meet regulatory standards.
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Market Competitive Landscape
The market for Global Waterborne Coatings is highly competitive, and the leading companies have implemented a range of tactics to secure the largest possible market share. AkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, Jotun, Kansai Paint Co., Ltd., KCC Corporation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Resin Type, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | AkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, Jotun, Kansai Paint Co., Ltd., KCC Corporation, Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Shawcor, Sika AG, The Sherwin-Williams Company, Tikkurila. |
COVID-19 Impact on Global Waterborne Coatings Market
Due to the COVID-19 pandemic's enforced worldwide lockdown, which lasted an indeterminate amount of time, construction sites, auto factories, and several other facilities had to temporarily close. This stunted the expansion of the industry. The pandemic also dealt a serious blow to the sector because of supply chain disruption brought on by international border restrictions. Although the pandemic caused a minor slowdown in market growth, it is expected to recover because of the constantly expanding global construction industry.
Key Target Audience
- Paint and Coating Manufacturers
- Architects and Designers
- Construction Industry
- Automotive Industry
- Furniture and Woodworking Industry
- Aerospace Industry
- Marine Industry
- Appliance Manufacturers
- Government and Regulatory Agencies
- Environmental and Sustainability Organizations
- Distributors and Retailers
- End-Users
- Environmental Advocates
Our in-depth analysis of the Waterborne Coatings Market includes the following segments:
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| By Application: |
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| By Region: |
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Key Topics Covered in the Report
- Global Waterborne Coatings Market Size (FY’2023-FY’2033)
- Overview of Global Waterborne Coatings Market
- Segmentation of Global Waterborne Coatings Market By Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC)
- Segmentation of Global Waterborne Coatings Market By Application (Architectural, Industrial)
- Statistical Snap of Global Waterborne Coatings Market
- Expansion Analysis of Global Waterborne Coatings Market
- Problems and Obstacles in Global Waterborne Coatings Market
- Competitive Landscape in the Global Waterborne Coatings Market
- Impact of COVID-19 and Demonetization on Global Waterborne Coatings Market
- Details on Current Investment in Global Waterborne Coatings Market
- Competitive Analysis of Global Waterborne Coatings Market
- Prominent Players in the Global Waterborne Coatings Market
- SWOT Analysis of Global Waterborne Coatings Market
- Global Waterborne Coatings Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Waterborne Coatings Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Waterborne Coatings Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Waterborne Coatings Market
7. Global Waterborne Coatings Market, By Resin Type (USD Million)
7.1. Global Waterborne Coatings Market Value Share and Forecast, By Resin Type, 2023-20337.2. Acrylic7.3. Polyester7.4. Alkyd7.5. Epoxy7.6. Polyurethane7.7. PTFE7.8. PVDF7.9. PVDC
8. Global Waterborne Coatings Market, By Application (USD Million)
8.1. Global Waterborne Coatings Market Value Share and Forecast, By Application, 2023-20338.2. Architectural8.3. Industrial
9. Global Waterborne Coatings Market Forecast, 2019-2033 (USD Million)
9.1. Global Waterborne Coatings Market Size and Market Share
10. Global Waterborne Coatings Market, By Resin Type, 2019-2033 (USD Million)
10.1. Global Waterborne Coatings Market Size and Market Share By Resin Type (2019-2026)10.2. Global Waterborne Coatings Market Size and Market Share By Resin Type (2027-2033)
11. Global Waterborne Coatings Market, By Application, 2019-2033 (USD Million)
11.1. Global Waterborne Coatings Market Size and Market Share By Application (2019-2026)11.2. Global Waterborne Coatings Market Size and Market Share By Application (2027-2033)
12. Global Waterborne Coatings Market, By Region, 2019-2033 (USD Million)
12.1. Global Waterborne Coatings Market Size and Market Share By Region (2019-2026)12.2. Global Waterborne Coatings Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. AkzoNobel N.V.
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Arkema Group
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Asian Paints Limited
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Axalta Coating Systems, LLC
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. BASF SE
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Benjamin Moore & Co
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Berger Paints India Limited
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Dow
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Hempel
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Kansai Paint Co., Ltd.
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. KCC Corporation
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. Masco Corporation
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. Nippon Paint Holdings Co., Ltd.
13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments
13.14. PPG Industries, Inc.
13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments
13.15. RPM International Inc.
13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments
13.16. Shawcor
13.16.1. Company details13.16.2. Financial outlook13.16.3. Product summary13.16.4. Recent developments
13.17. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Waterborne Coatings Market is projected to reach USD 160.15 billion by 2033, growing at a CAGR of 4.41% during the forecast period.
Waterborne Coatings Market grew in market size from 2022. The Market is expected to reach USD 160.15 billion by 2033, at a CAGR of 4.41% during the forecast period.
Waterborne Coatings Market CAGR of 4.41% during the forecast period.
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Waterborne Coatings Market size is USD 160.15 billion from 2023 to 2033.
Waterborne Coatings Market Segment is covered By Resin Type, By Application.
The North America is anticipated to have the highest market share in the Waterborne Coatings Market.
The key players in the market include Companies Covered AkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, Jotun, Kansai Paint Co., Ltd.
Surface coatings or finishes known as "waterborne coatings" breakdown the resin by using water as a solvent. In contrast, solventborne coatings serve as a protective layer by applying a liquid layer to the surface of the material, preventing corrosion.
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