Waterborne Coatings Market worth 75.29 Billion USD by 2020

2024-04-15 08:14:44 Industry

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The report "Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil), by Region - Global Forecast to 2020" , report that analyzes the global waterborne coatings market with respect to the market drivers, restraints, opportunities, and challenges in different regions

Browse 89 market data Tables and 52 Figures spread through 190 Pages and in-depth TOC on "Waterborne Coatings Market - Global Forecast to 2020"
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The global waterborne coatings market size is projected to reach USD 75.29 Billion by 2020, at a CAGR of 5.05% from 2015. The major driver identified for the global waterborne coatings market is government regulatory support, growth in applications areas, and increasing demand from the Asia-Pacific region.
Increasing demand from architectural applications is driving the waterborne coatings market.

The demand from architectural application is driven by growing urbanization in Asia-Pacific and RoW, which resulted into increased demand for residential, commercial, and industrial infrastructure. Low interest rates on housing loans are also responsible for increase in the demand for new houses, eventually driving the architectural coatings segment. This segment is estimated to grow rapidly as compared to other application segments. It is mainly driven by the increasing demand of infrastructure requirements in residential, non-residential, and commercial sectors in Asia-Pacific and RoW. Architectural application in Asia-Pacific is projected to grow at the highest rate between 2015 and 2020. The increasing population in the Asia-Pacific region is driving the construction industry eventually driving the architectural industry.

Waterborne acrylic coatings growing at the highest rate

Acrylic-based waterborne coating is the fastest-growing market among all resin types. The demand for waterborne acrylic coatings is expected to be highest in Southeast Asia due to increasing demand for acrylic resins in the automotive and construction sectors. As the region is witnessing high growth in the construction industry, there is high demand for acrylic-based waterborne coatings.

On the other hand, in China, demand for waterborne acrylic-based coatings for vehicles has been gradually increasing as some automobile manufacturers, such as Toyota, Honda, and Hyundai have started applying water-based systems in their new product lines.

Asia-Pacific is the largest market for waterborne coatings

Asia-Pacific is the largest market for waterborne coatings, both in terms of volume and value, followed by North America and Western Europe. Countries such as the U.S., China, and Germany are the major markets of waterborne coatings. Due to increasing demand on the domestic front, increasing income levels, and easy access to resources, Asia-Pacific has emerged as the leading market of waterborne coatings. South America, especially Brazil, has also emerged as a key market for waterborne coatings manufacturers. Not only is the demand for waterborne coatings expected to be strong in Brazil, but its proximity to the U.S. is also expected to turn it as an emerging market for setting up production facilities.

Key market players in waterborne coatings market

The key players in the waterborne coatings market are Akzonobel N.V. (Netherlands), Axalta Coating Systems(U.S.), BASF (Germany), Berger Paints India Limited (India), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited(Japan), PPG Industries Inc. (U.S.), RPM International Inc. (U.S.), The Sherwin Williams Company (U.S.), The Valspar Corporation (U.S.), and Tikkurila Oyj (Finland).

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Target audience:
Manufacturers of waterborne coatings
Manufacturers of coatings, resins, additives, pigments, and other feedstock chemicals manufacturers
Manufacturers in end-use industries, such as architectural, automotive, protective, wood, packaging, marine, coil, and others
Traders, distributors, and suppliers of waterborne coatings
Regional manufacturers' associations and paint & coatings associations
Government and regional agencies and research organizations

The study answers several questions for the stakeholders, primarily which market segments to focus in the next two-to-five years for prioritizing efforts and investments and competitive landscape of the market.

Scope of the Report:
The waterborne coatings market has been covered in detail in this report. To provide an all-round picture, the current market demand and forecasts have also been included. The waterborne coatings market is segmented as follows:

On the basis of resin type:
Acrylic
Polyester
Alkyd
Epoxy
Polyurethane
PTFE
PVDF
PVDC
Others

On the basis of Application:
Architectural
Automotive
General Industrial
Protective
Wood
Marine
Packaging
Coil
Others

On the basis of Region:
Western Europe
North America
Asia-Pacific
RoW
The market is further analyzed for key countries in each of these regions.

Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:

Product Analysis
Product Matrix which gives a detailed comparison of product portfolio of each company

Regional Analysis
Further breakdown of the rest of Asia-Pacific waterborne coatings market into Australia, New Zealand, and others
Further breakdown of the RoW waterborne coatings market into Latin America, Middle East and Africa

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