Press release
Waterborne Coatings market Growing with Major Eminent Key Players|BASF SE, AkzoNobel N.V. , PPG Industries Inc. , RPM International Inc. , The Sherwin-Williams Company, Asian Paints Limited, Axalta Coating Systems LLC
Waterborne Coatings market
Waterborne coatings are those that are based on water as the carrier medium for the active ingredients. These coatings are typically thinner than solvent-borne coatings and have low VOCs. Waterborne coatings have a wide range of applications, including automotive, architectural, and industrial. They are typically more environmentally friendly than solvent-borne coatings and have superior durability and performance.
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Top Key Players in Waterborne Coatings market: BASF SE, AkzoNobel N.V. , PPG Industries Inc. , RPM International Inc. , The Sherwin-Williams Company, Asian Paints Limited, Axalta Coating Systems LLC, Nippon Paint Holdings Co. Ltd. , Kansai Paint Co. Ltd. and Jotun Group.
Key Trends
Some of the key trends in waterborne coatings technology include the development of more environmentally friendly products, the use of nanotechnology to improve performance, and the development of new formulations to address specific needs.One of the most important trends in waterborne coatings technology is the development of more environmentally friendly products. This is being driven by stricter regulations on the use of volatile organic compounds (VOCs) in coatings, as well as a general shift in public opinion towards more sustainable products.
Key Drivers
The major drivers of this market are the stringent environmental regulations regarding the VOC emissions, and the increasing demand for eco-friendly coatings.The waterborne coatings are low in VOC emissions as compared to the solvent-based coatings, and are thus preferred by the end-users
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Market Segments
The Waterborne Coatings Market is segmented by resin type, application and region. By resin type the market is divided into acrylic, polyester, alkyd, epoxy and others. Based on application, it is divided into architectural and industrial. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the world.
Reasons to buy Waterborne Coatings Report:
Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
How is the market structured and what the key drivers and trends of this industry?
How is the market segmented and what is the size of each segment?
Which segments and geographies provide best growth opportunities?
What's the competitive landscape and positioning of players in this market?
What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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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…
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On the basis of resin type, Acrylic waterborne coating has witnessed the largest market share and expected to be dominant throughout the forecast period due to the durable properties of the resin. On the other hand, in terms of Application, Architectural & Automotive holds THE largest market share with increase in adoption of waterborne coatings in emerging and developed countries and pigment dispensability.
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