Press release
Waterborne Coatings Industry 2022-2026
The global waterborne coatings market size was USD 77.9 billion in 2020 and is projected to grow at a CAGR of 3.5% during the forecast period to reach USD 117.7 billion by 2026.Download FREE Sample Research Report of Waterborne Coatings Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=295567
The report provides a comprehensive analysis of company profiles listed below:
• BASF SE (Germany)
• AkzoNobel N.V. (Netherlands)
• PPG Industries Inc. (US)
• RPM International Inc. (US)
• The Sherwin-Williams Company (US)
• Asian Paints Limited (India)
• Axalta Coating Systems LLC (US)
• Nippon Paint Holdings Co. Ltd. (Japan)
• Kansai Paint Co. Ltd. (Japan)
• Jotun Group (Norway)
"The epoxy resin segment is expected is expected to register the highest CAGR of the overall waterborne coatings market during the forecast period, in terms of volume."
Waterborne epoxy coatings were commercially introduced as an environment-friendly replacement for solvent-borne epoxies. Earlier, demand for epoxy resins was restricted to developed countries that had stringent environmental and worker safety regulations. Demand has now also increased from emerging countries such as China, India, and Brazil where there is absence of stringent safety regulations. Growth in demand for epoxy resins in waterborne coatings is majorly driven by the need to reduce the emission of organic solvents.
"The residential segment of the architectural application is projected to register the highest CAGR during the forecast period."
The residential segment is projected to grow at a higher rate in the waterborne coatings market during the forecast period. This growth is expected to be driven by construction activities in the Asia Pacific and Middle East & Africa. The construction industry is expected to grow in the Asia Pacific due to the increasing construction projects in Thailand, Malaysia, Singapore, and South Korea which is driving the demand for waterborne coatings in the architectural application.
Europe waterborne coatings market is projected to register the second largest market share during the forecast period.
The increasing demand from key industries such as automotive, aerospace, general industrial, coil, and rail is driving the market in Europe. Rising car ownership for personal conveyance, advancements in road infrastructure, and an improving economy and lifestyle are some of the major factors driving the automotive industry in the region. Metal is used as a major material in the manufacture of cars. Therefore, it demands high-quality coatings for protection from corrosion, degradation, and rust.
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Competitive Landscape of Waterborne Coatings Market:
1 Overview
2 Waterborne Coatings Market Share Analysis
3 Revenue Analysis
3.1 Sherwin-Williams
3.2 Ppg Industries
3.3 Akzonobel
3.4 Nippon Paint
3.5 Rpm International
4 Company Evaluation Quadrant Matrix: Definitions And Methodology, 2020
4.1 Star
4.2 Emerging Leaders
4.3 Pervasive
4.4 Participants
5 Sme Matrix, 2020
5.1 Progressive Companies
5.2 Starting Blocks
5.3 Responsive Companies
5.4 Dynamic Companies
6 Strength Of Product Portfolio
7 Business Strategy Excellence
8 Competitive Scenario
8.1 Market Evaluation Framework
8.2 Market Evaluation Matrix
8.3 Competitive Scenarios And Trends
Research Coverage:
This report provides detailed segmentation of the waterborne coatings market based on resin type, application, and region. Based on resin type, the waterborne coatings industry has been segmented into acrylic, polyester, alkyd, epoxy, polyurethane, PTFE, PVDF, and PVDC. Based on application, the market has been segmented into architectural and industrial coatings. Based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
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