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Emulsion Paint Global Market Report 2024 by The Business Research Company | BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Sika AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems Ltd.,
Emulsion Paint Market Size And Growth
The emulsion paint market size is expected to see strong growth in the next few years. It will grow to $14.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising disposable income, rising awareness among consumers, a shift towards water-based paints, an increase in commercial space development activities, and improved lifestyle trends. Major trends in the forecast period include digitalization and e-commerce, rising partnerships, advanced application techniques, product innovation, and technological advancements.
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Emulsion Paint Market Major Segments
The emulsion paint market covered in this report is segmented -
1) By Type: Interior Emulsion Paint, Water-soluble Paint, Antifouling Emulsion Paint, Antimicrobial Emulsion Paint, Other Types
2) By Technology: Waterborne, Solvent borne
3) By Distribution Channel: Offline, Online
4) By Application: Household, Commercial Space, Administrative Space, Entertainment Space
Key Driver - Booming Automotive Sector Fuels Growth In The Tungsten Market
The rising real estate industry is expected to propel the growth of the emulsion paint market going forward. The real estate industry encompasses various activities related to buying, selling, renting, leasing, and developing property. It plays a significant role in the economy and is influenced by various factors such as demographics, economic conditions, government policies, and consumer preferences. The rise in real estate is increasing due to population growth, urbanization, economic development, infrastructure investment, and changing consumer preferences. Emulsion paint is widely used in real estate projects for interior and exterior applications and provides numerous benefits, including ease of application, rapid drying time, and a diverse selection of color choices. For instance, in February 2024, according to Eurostat, a Europe-based government agency, the average annual building production in the European Union and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Therefore, rising real estate projects are driving the growth of the emulsion paint market.
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Prominent Trend - Arkema Introduces Innovative Acrylic Polyol Emulsion For Sustainable Industrial Paints
Major companies operating in the emulsion paint market are developing innovative products, such as acrylic polyol emulsions, to enhance performance and meet evolving consumer demands. Acrylic polyol emulsions are aqueous dispersions of acrylic polymers emulsified to form stable colloidal suspensions. For instance, in August 2022, Arkema S.A., a France-based company that manufactures specialty materials, launched SYNAQUA 9511, a new aqueous binder with improved performance that can be used to formulate industrial paints with lower-volatile organic compounds. This innovative waterborne binder offers a balanced blend of performance and sustainability, with low VOC levels (
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