Water Borne Coatings Market Rising Trends, Demand and Growth Overview Till 2023

The Water Borne Coatings Market research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2020 to 2030.

The global water borne coatings market was worth $188.9 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.7% and reach $264.01 billion by 2023.

Major players in the market are BASF SE, Axalta Coating Systems LLC, 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, Tikkurila Oyj.

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Scope

Markets Covered:
1) By Type: Acrylic; Epoxy; Polyurethane; Polyester; Alkyd; Polyvinylidene Chloride (PVDC); Polyvinylidene Fluoride (PVDF);
2) By Application: Appliances ; Automotive ; Architectural ; Marine ; Packaging ; Wood ; General industrial

Companies Mentioned: BASF SE; Axalta Coating Systems LLC; Berger Paints India Ltd; Kansai Paint Co., Ltd.; Nippon Paint Holdings Company Ltd

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia.

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This study mainly helps understand which Water Borne Coatings market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize Growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.

Regional and Country Level Analysis for Water Borne Coatings Market: 
The report offers in-depth assessment of the growth and other aspects of the Water Borne Coatings market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

Market Overview
There is a rapid growth in consumption of water borne coatings in many industries such as automotive, construction and manufacturing. Water borne coatings are widely used in printing inks, in the automotive OEM sector, platics and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for water borne coatings.

Rising costs is acting as a restraint on the water borne coatings market. The rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments in research and development of new products. For instance, in the US, raw material costs for coatings producers generally were around 40-55% of total sales in 2018, and total cost of goods sold encompassed 55-70% of sales. Additionally, companies invested heavily on marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk and air-freight rates also negatively impacted the market. This rise in operating costs increased pressure on companies to protect margins while maintaining the quality of their products.

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Important Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of Market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Water Borne Coatings  Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth

Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years, Externally verified to gain market size.

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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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