Waterborne Coatings Market - Global Industry Analysis

Waterborne Coatings Market - By Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, And PVDC) and By Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil, And Other Applications) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022–2028

Published Date: 04-Apr-2022 Category: Chemical & Materials Report Format : PDF Pages: 180 Report Code: ZMR-267 Status : Published

The global Waterborne Coatings Market accrued earnings worth approximately 78.24 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.0% over the period from 2022 to 2028.

Description

Waterborne Coatings Market Size

The global Waterborne Coatings Market accrued earnings worth approximately 78.24 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.0% over the period from 2022 to 2028. The study provides an assessment and analysis of the Waterborne Coatings Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Waterborne Coatings Market: Overview

Waterborne coatings comprises of eighty percent of water and little proportion of other solvents including glycol ethers. These products are applied on substrate for dispersing resin. With high proportion of water contents, waterborne coatings possess features including low odor, non-flammability, and low VOC.

It is an eco-friendly product which can dry at a fast rate & can be re-coated. Waterborne coatings find slew of applications and are highly resistant to abrasion & heat, have low toxicity, possess outstanding adhesion, and emit low VOC. Reportedly, waterborne coatings costs less as compared to solvent-borne coatings and do not need thinners or any kind of additives. These compounds are utilized in architectural, automotive, and marine sectors.

Waterborne Coatings Market: Growth Drivers

Growth of waterborne coatings industry over forecasting timeline is subject to rise in penetration of waterborne coatings across automotive sector owing to low toxicity. In addition to this, rise in acceptance of waterborne coatings in metal packaging and coils will spur growth of waterborne coatings industry.

Furthermore, eco-friendly nature of product has enhanced its use in protective coatings, industrial wood, and marine sectors. Apart from this, prominent use of waterborne coatings as rust resisting, self-cleaning, and anti-fouling agents will spur business space. In addition to this, it is utilized in furniture and flooring activities, thereby driving market trends.

Furthermore, rise in construction activities and enhanced infrastructural growth in countries of APAC will drive growth of waterborne coatings industry. Rise in manufacturing capacities and launching of new vehicle versions will contribute significantly to revenue of waterborne coatings market. Strict laws pertaining to low VOC emissions from paints & coatings in countries such as Canada and the U.S. will drive market demand. Nonetheless, oscillating costs of raw materials such as resins, pigments, and additives will put brakes on market expansion. Additionally, low awareness about advantages offered by waterborne coatings will pose a threat to growth of waterborne coatings market.  

Global Waterborne Coatings Market

Waterborne Coatings Market: Regional Landscape

Asia Pacific Waterborne Coatings Market To Register Fastest Growth By 2028

Growth of waterborne coatings market in Asia Pacific over forecasting timeline is subject to thriving construction & automotive sectors in countries such as India, China, Indonesia, and Thailand. Moreover, rapid surge in economic development has produced favorable conditions for waterborne coatings market in sub-continent. Apparently, rise in sale of vehicles in countries such as India, Japan, and China will spike demand for water coatings in automotive sector, thereby driving regional market growth. Furthermore, waterborne coatings provide protection against ultraviolet radiations as well as adverse climatic conditions, thereby prompting its use in various sectors in region.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Waterborne Coatings Market: Competitive Landscape

Key participants leveraging growth of waterborne coatings and included in report are Akzo Nobel N.V., BASF SE, PPG Industries, Inc., Axalata Coating Systems, Ltd., Sherwin-Williams Company, The Valspar Corporation, and Nippon Paints Co. Ltd.

The global Waterborne Coatings Market is segmented as follows:

By Resin

  • Acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • PTFE
  • PVDF
  • PVDC

By Application

  • Architectural
  • Automotive
  • General Industrial
  • Protective
  • Wood
  • Marine
  • Packaging
  • Coil
  • Other Applications

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Waterborne Coatings Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Waterborne Coatings Market : snapshot
  • Chapter 3. Global Waterborne Coatings Market - Industry Analysis
    • 3.1 Waterborne Coatings Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Waterborne Coatings Market
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By By Resin
      • 3.7.2 Market attractiveness analysis By By Application
  • Chapter 4. Global Waterborne Coatings Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Waterborne Coatings Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Waterborne Coatings Market - By Resin Analysis
    • 5.1 Global Waterborne Coatings Market overview: By By Resin
      • 5.1.1 Global Waterborne Coatings Market share, By By Resin, 2021 and 2028
    • 5.2 Acrylic
      • 5.2.1 Global Waterborne Coatings Market by Acrylic, 2022 - 2028 (USD Billion)
    • 5.3 Polyester
      • 5.3.1 Global Waterborne Coatings Market by Polyester, 2022 - 2028 (USD Billion)
    • 5.4 Alkyd
      • 5.4.1 Global Waterborne Coatings Market by Alkyd, 2022 - 2028 (USD Billion)
    • 5.5 Epoxy
      • 5.5.1 Global Waterborne Coatings Market by Epoxy, 2022 - 2028 (USD Billion)
    • 5.6 Polyurethane
      • 5.6.1 Global Waterborne Coatings Market by Polyurethane, 2022 - 2028 (USD Billion)
    • 5.7 PTFE
      • 5.7.1 Global Waterborne Coatings Market by PTFE, 2022 - 2028 (USD Billion)
    • 5.8 PVDF
      • 5.8.1 Global Waterborne Coatings Market by PVDF, 2022 - 2028 (USD Billion)
    • 5.9 PVDC
      • 5.9.1 Global Waterborne Coatings Market by PVDC, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Waterborne Coatings Market - By Application Analysis
    • 6.1 Global Waterborne Coatings Market overview: By By Application
      • 6.1.1 Global Waterborne Coatings Market share, By By Application, 2021 and 2028
    • 6.2 Architectural
      • 6.2.1 Global Waterborne Coatings Market by Architectural, 2022 - 2028 (USD Billion)
    • 6.3 Automotive
      • 6.3.1 Global Waterborne Coatings Market by Automotive, 2022 - 2028 (USD Billion)
    • 6.4 General Industrial
      • 6.4.1 Global Waterborne Coatings Market by General Industrial, 2022 - 2028 (USD Billion)
    • 6.5 Protective
      • 6.5.1 Global Waterborne Coatings Market by Protective, 2022 - 2028 (USD Billion)
    • 6.6 Wood
      • 6.6.1 Global Waterborne Coatings Market by Wood, 2022 - 2028 (USD Billion)
    • 6.7 Marine
      • 6.7.1 Global Waterborne Coatings Market by Marine, 2022 - 2028 (USD Billion)
    • 6.8 Packaging
      • 6.8.1 Global Waterborne Coatings Market by Packaging, 2022 - 2028 (USD Billion)
    • 6.9 Coil
      • 6.9.1 Global Waterborne Coatings Market by Coil, 2022 - 2028 (USD Billion)
    • 6.10 Other Applications
      • 6.10.1 Global Waterborne Coatings Market by Other Applications, 2022 - 2028 (USD Billion)
  • Chapter 7. Waterborne Coatings Market - Regional Analysis
    • 7.1 Global Waterborne Coatings Market Regional Overview
    • 7.2 Global Waterborne Coatings Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Waterborne Coatings Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Waterborne Coatings Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Waterborne Coatings Market, by By Resin, 2022 - 2028
      • 7.4.1 North America Waterborne Coatings Market, by By Resin, 2022 - 2028 (USD Billion)
    • 7.5 North America Waterborne Coatings Market, by By Application, 2022 - 2028
      • 7.5.1 North America Waterborne Coatings Market, by By Application, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Waterborne Coatings Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Waterborne Coatings Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Waterborne Coatings Market, by By Resin, 2022 - 2028
      • 7.4.1 Europe Waterborne Coatings Market, by By Resin, 2022 - 2028 (USD Billion)
    • 7.5 Europe Waterborne Coatings Market, by By Application, 2022 - 2028
      • 7.5.1 Europe Waterborne Coatings Market, by By Application, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Waterborne Coatings Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Waterborne Coatings Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Waterborne Coatings Market, by By Resin, 2022 - 2028
      • 7.4.1 Asia Pacific Waterborne Coatings Market, by By Resin, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Waterborne Coatings Market, by By Application, 2022 - 2028
      • 7.5.1 Asia Pacific Waterborne Coatings Market, by By Application, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Waterborne Coatings Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Waterborne Coatings Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Waterborne Coatings Market, by By Resin, 2022 - 2028
      • 7.4.1 Latin America Waterborne Coatings Market, by By Resin, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Waterborne Coatings Market, by By Application, 2022 - 2028
      • 7.5.1 Latin America Waterborne Coatings Market, by By Application, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Waterborne Coatings Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Waterborne Coatings Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Waterborne Coatings Market, by By Resin, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Waterborne Coatings Market, by By Resin, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Waterborne Coatings Market, by By Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Waterborne Coatings Market, by By Application, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Akzo Nobel N.V.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 BASF SE
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 PPG Industries Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Axalata Coating Systems Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Sherwin-Williams Company
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 The Valspar Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Nippon Paints Co. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Waterborne Coatings Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Waterborne Coatings Market attractiveness, By By Resin
  • 6. Global Waterborne Coatings Market attractiveness, By By Application
  • 7. Global Waterborne Coatings Market share by By Resin, 2022 and 2028 (USD Billion)
  • 8. Global Waterborne Coatings Market by Acrylic, 2022 - 2028 (USD Billion)
  • 9. Global Waterborne Coatings Market by Polyester, 2022 - 2028 (USD Billion)
  • 10. Global Waterborne Coatings Market by Alkyd, 2022 - 2028 (USD Billion)
  • 11. Global Waterborne Coatings Market by Epoxy, 2022 - 2028 (USD Billion)
  • 12. Global Waterborne Coatings Market by Polyurethane, 2022 - 2028 (USD Billion)
  • 13. Global Waterborne Coatings Market by PTFE, 2022 - 2028 (USD Billion)
  • 14. Global Waterborne Coatings Market by PVDF, 2022 - 2028 (USD Billion)
  • 15. Global Waterborne Coatings Market by PVDC, 2022 - 2028 (USD Billion)
  • 16. Global Waterborne Coatings Market share by By Application, 2022 and 2028 (USD Billion)
  • 17. Global Waterborne Coatings Market by Architectural, 2022 - 2028 (USD Billion)
  • 18. Global Waterborne Coatings Market by Automotive, 2022 - 2028 (USD Billion)
  • 19. Global Waterborne Coatings Market by General Industrial, 2022 - 2028 (USD Billion)
  • 20. Global Waterborne Coatings Market by Protective, 2022 - 2028 (USD Billion)
  • 21. Global Waterborne Coatings Market by Wood, 2022 - 2028 (USD Billion)
  • 22. Global Waterborne Coatings Market by Marine, 2022 - 2028 (USD Billion)
  • 23. Global Waterborne Coatings Market by Packaging, 2022 - 2028 (USD Billion)
  • 24. Global Waterborne Coatings Market by Coil, 2022 - 2028 (USD Billion)
  • 25. Global Waterborne Coatings Market by Other Applications, 2022 - 2028 (USD Billion)
  • 26. Global Waterborne Coatings Market share, by Region, 2022 and 2028
  • 27. North America Waterborne Coatings Market, 2022 - 2028 (USD Billion)
  • 28. Europe Waterborne Coatings Market, 2022 - 2028 (USD Billion)
  • 29. Asia Pacific Waterborne Coatings Market, 2022 - 2028 (USD Billion)
  • 30. Latin America Waterborne Coatings Market, 2022 - 2028 (USD Billion)
  • 31. The Middle-East and Africa Waterborne Coatings Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Waterborne Coatings Market: Snapshot
  • 2. Drivers of the Waterborne Coatings Market: impact analysis
  • 3. North America Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 4. North America Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 5. U.S. Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 6. U.S. Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 7. Canada Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 8. Canada Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 9. Europe Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 10. Europe Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 11. Germany Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 12. Germany Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 13. France Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 14. France Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 15. U.K. Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 16. U.K. Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 17. Italy Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 18. Italy Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 19. Spain Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 20. Spain Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 25. China Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 26. China Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 27. Japan Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 28. Japan Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 29. India Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 30. India Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 31. South Korea Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 32. South Korea Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 37. Latin America Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 38. Latin America Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 39. Brazil Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 40. Brazil Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 41. Mexico Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 42. Mexico Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 49. South Africa Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 50. South Africa Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Waterborne Coatings Market revenue, By By Resin, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Waterborne Coatings Market revenue, By By Application, 2022 - 2028 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Waterborne Coatings market. Zion Research has collected and analyzed key data belong to the global Waterborne Coatings market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Waterborne Coatings across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Waterborne Coatings industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Waterborne Coatings market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Water-borne coatings utilize water as a solvent, which makes them eco-friendly and easy to apply. Waterborne coatings generally include around 80% of water with least amount of other solvents such as glycol ethers. Water borne coatings are presently available for various different applications such as wood coatings, furniture coatings, wood coatings, printing inks and plastic coatings. Waterborne coatings provide products with an individual and steady performance advantage. These coatings deliver a corrosion resistance with excellent fade resistance, strong color retention, and superior adhesion. They are fully compliant with all EPA regulations. They are non-hazardous, non-toxic, and non-flammable.

The global market for waterborne coatings is expected to grow at a significant rate due to growing demand from architectural applications. Strict government rules and regulations in order to decrease volatile organic compounds (VOC) releases coupled with solvent based coatings are likely to impel the market growth. Rising automobile industry in emerging countries such as India, China, Thailand, Indonesia, and Mexico is expected to prompt the demand for waterborne coatings within the forecast period. Furthermore, increasing demand from end-use industries such as wood, coil, marine, metal packaging, and electronics is expected to significantly increase demand in the forecast period.  However, extreme foam formation during production, handling and transportation may hamper the market growth in near future. Increasing research and development investment to develop new production technology and proper use of anti-foaming agents is expected to open lucrative opportunities for the manufacturers operating in this market.

Global Waterborne Coatings Market

Global waterborne coatings market has been segmented based on the basis of resin, application, and region. On the basis of resin, waterborne coatings market is classified into acrylic, polyester, alkyd, epoxy, polyurethane, PTFE, PVDF, PVDC and others. The acrylic segment accounted for largest share of the market in 2015 due to their low production cost. These types of resins are extensively used in automotive and architectural applications. Polyurethane resins segment is expected to exhibit considerable growth rate in the coming years due to its wide use in high-quality finishes in outdoor and indoor applications.

On the basis of applications, waterborne coatings market is segmented into architectural, automotive, general industrial, protective, wood, marine, packaging, coil, and other applications. Architectural was the largest application segment in 2015 and is expected to maintain its dominance within the forecast period. The architectural application segment includes all lacquers and vanishes used to decorate & protect window frames, external & internal frames, and doors.

The market has been geographically segmented into Asia-Pacific, North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. In 2015, Asia-Pacific region was the leading market for waterborne coatings. The countries such as India, China, and Japan are expected to lead the waterborne coatings market in the Asia Pacific owing to high demand from end-use industries. The demand for waterborne coatings is comparatively low in the Latin America and MEA region. The stringent regulations regarding VOC emission in the developing country in this region have considerably hindered the growth of this market.

The waterborne coatings market is highly competitive with the presence of many small and big key market players, such as BASF SE, AkzoNobel N.V., Axalata Coating System LLC, PPG Industries, The Valspar Corporation, Sherwin-Williams Company, and Nippon Paints Co. Ltd.

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Growth of waterborne coatings industry over forecasting timeline is subject to rise in penetration of waterborne coatings across automotive sector owing to low toxicity.      

According to Zion market research report, The global Waterborne Coatings Market accrued earnings worth approximately 78.24 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.0% over the period from 2022 to 2028.

Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Waterborne Coatings Market size in region over 2022-2028 can be attributed to thriving construction & automotive sectors in countries such as India, China, Indonesia, and Thailand.         

 

The key industry participants leveraging business sphere include Akzo Nobel N.V., BASF SE, PPG Industries, Inc., Axalata Coating Systems, Ltd., Sherwin-Williams Company, The Valspar Corporation, and Nippon Paints Co. Ltd.

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