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Water Borne Coatings Market Expansion, Future Growth Rate, Industry Insights, Top Trends And Forecast To 2033
Water Borne Coatings Market
Water Borne Coatings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $152.73 billion In 2028 At A CAGR Of 5.9% :
The water borne coatings market size has grown strongly in recent years. It will grow from $114.2 billion in 2023 to $121.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to consumer demand for eco-friendly products, health and safety concerns, architectural applications, automotive and transportation sector.
The water borne coatings market size is expected to see strong growth in the next few years. It will grow to $152.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to renewable energy infrastructure, infrastructure and construction expansion, advanced material technologies, smart coatings and specialty applications. Major trends in the forecast period include bio-based waterborne coatings, high-performance formulations, nanotechnology integration, sustainability certifications.
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Water Borne Coatings Market Major Segments
The water borne coatings market covered in this report is segmented -
1) By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types
2) By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial
3) By End Userr Industry: Bilding and Construction, Automotive, Industrial, Wood, Other End-User Industries
Key Driver - Rapid Growth In End-User Industries Fuels Demand For Waterborne Coatings
There is a rapid growth in the 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, plastics, and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for waterborne coatings.
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Prominent Trend - Innovative Coating Technologies Transforming The Industry
Smart coatings and high-performance coating technologies are being adopted by companies to enhance the efficiencies of coating compounds. Nanocoatings are a type of smart coating that has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion, and micro-bacterial growth. Fluoropolymer coating is known for its high-performance properties such as durability and cost-efficiency.
Water Borne Coatings Market Players
Major companies operating in the water borne coatings market include AkzoNobel NV, BASF SE, Axalta Coating Systems Ltd., Berger Paints Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., Sherwin-Williams Company, The Valspar Corporation, Tikkurila Oyj, Asian Paints Ltd., Benjamin Moore & Co., Jotun A/S, Chenyang Waterborne Paint, Sika AG, Hempel A/S, Shalimar Paints Limited, S K Kaken Co. Ltd, Beckers Group, Dunn-Edwards Corporation, Diamond Vogel Paint Company, Kelly-Moore Paints, Vista Paint Corporation, Indigo Paints Pvt. Ltd., Arkema Group, Carboline Company, Chugoku Marine Paints Ltd., Cloverdale Paint Inc., Diamond Vogel Inc., Masco Corporation, Rust-Oleum Corporation, Sakata Inx Corporation, Tnemec Company Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the water-borne coatings market in 2023. Western Europe was the second-largest region in the global water-borne coatings market analysis. The regions covered in the water borne coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Water Borne Coatings Market Report Structure
3. Water Borne Coatings Market Trends And Strategies
4. Water Borne Coatings Market - Macro Economic Scenario
5. Water Borne Coatings Market Size And Growth
…..
27. Water Borne Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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