Press release
Waterborne Coatings Market Growth: USD 98.87 billion by 2032, 5.5% CAGR Anticipated
Waterborne Coatings Market
Market Definition:
A waterborne coating is a green surface treatment that utilizes water as a medium to distribute the resin necessary for creating the coating or paint. 80% of the solvent used is made up of water. Its goal is to ensure the coating or paint is user-friendly and environmentally sustainable. Waterborne coatings are commonly utilized because they have minimal VOC levels. It is suitable for use on wooden and plastic surfaces.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/waterborne-coatings-market/request-for-sample
Growth Drivers and Opportunities:
โ Stringent environmental rules play a major role in driving the market. Manufacturers are increasingly transitioning to waterborne formulations due to stricter global regulations on reducing volatile organic compounds (VOCs) and supporting sustainable practices.
โ Increased funding in manufacturing is anticipated to boost the number of competitors in the market. Companies are investing resources in advanced production technologies and innovative formulations to improve their product offerings and meet the increasing demand for eco-friendly solutions.
Key Players:
The market is marked by fierce competition, and the leading companies rely on innovative technology, superior goods, and a strong brand identity to boost sales. Here is the list of the leading companies operating in the waterborne coatings market:
โข Akzo Nobel N.V.
โข Asian Paints Limited
โข Axalta Coating Systems, Ltd.
โข BASF SE
โข Benjamin Moore & Co.
โข Berger Paints India Ltd.
โข Brillux GMBH & Co. Kg
โข Carpoly Chemical Group Co., Ltd.
โข Cloverdale Paint Inc.
โข Diamond Vogel Paint Company
โข DuluxGroup Ltd.
โข Fujikura Kasei Co., Ltd.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/266/2
Segmentation Overview:
The waterborne coatings market is mainly segmented based on the resin type, application industry, and region. Based on resin type analysis, the Alkyd segment led the global market in 2023 because of the increasing use of Alkyd-based coatings in architectural, residential, and commercial buildings.
Furthermore, according to the application industry analysis, in 2023, the architectural segment accounted for the largest revenue share. The increasing focus on renovating residential and commercial spaces, along with related renovation tasks, is driving the demand for waterborne coatings in this segment.
Waterborne Coatings Market Report Highlights
โข In terms of resin type, the alkyd segment is anticipated to witness the highest growth during the forecast period due to rising research methods exploring the potential of alkyd-based coating.
โข Based on application industry, the architectural segment accounted for a larger market share in 2023 owing to the rising remodeling and renovation initiatives.
โข Asia Pacific is projected to register the highest growth rate during the forecast period, due to rising use of waterborne coatings in architectural and home decor work .
โข North America dominated the waterborne coating market in 2023 due to owing to the growing adoption of EVs and the expansion in construction activities.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/waterborne-coatings-market
FAQ's
1. How much is the waterborne coatings market?
2. What is the growth rate of the waterborne coatings market?
3. Which region held the largest share of the global waterborne coatings market in 2023?
4. Who are the key players in the waterborne coatings market?
5. Which segment, by resin type, led the waterborne coatings market in 2023?
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Personal Protective Equipment (PPE) Market
https://www.openpr.com/news/3717072/personal-protective-equipment-ppe-market-trends-point
Biochar Market
https://www.openpr.com/news/3717076/biochar-market-analysis-1-680-77-million-by-2032-with-strong
Biodegradable Packaging Market
https://www.openpr.com/news/3717077/biodegradable-packaging-market-forecast-800-48-billion
Lightweight Materials Market
https://www.openpr.com/news/3717068/lightweight-materials-market-set-to-reach-426-31-billion
Blue Hydrogen Market
https://www.openpr.com/news/3717070/blue-hydrogen-market-poised-for-55-08-billion-valuation-by-2032
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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