In accordance with this study, the Global Waterborne Coatings Market value registered in 2021 was close to USD XX MN and is predicted to outstretch revenue by USD XX MN in 2028 with a CAGR of XX% during the period of 2021-2028.The Waterborne Coatings market is expected to increase from XX KT in 2021 to XX KT by 2028 with an anticipated CAGR of XX%.
Waterborne coatings are the surface coatings where water is used as a solvent to disperse the resin, in order to create the coating. Apart from water, other solvents such as glycol ethers can be used to create such coatings. Waterborne coatings are easy to apply as high water content makes it environmentally friendly. Water-based coatings are used in a broad variety of applications including automobile refinish, industrial woods, metal packaging, and others.
The rising demand from automotive and infrastructure industries for water-based coatings owing to superior color and gloss retention in outdoor exposure is escalating the growth of waterborne coatings market. Also, the increasing demand from other end-user industries such as architectural, general industrial, metal packaging, and others are further pushing the market growth. However, the fluctuating cost of raw materials may pose a challenge to market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of waterborne coatings.
The study offers a decisive view of the global waterborne coatings market by segmenting it in terms of resin and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
This section covers waterborne coatings market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global waterborne coatings market along with the individual application segment across all the prominent region.
Global Waterborne Coatings Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Waterborne Coatings market are AkzoNobel NV, Axalta Coating Systems LLC, BASF SE, Berger Paints India Ltd., Kansai Paint Co., Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Tikkurila Oyj. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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