Press release
Water Borne Coatings Market Expected to Achieve 5.9% CAGR by 2029: Growth Forecast Insights
Water Borne Coatings
How Large Will the Water Borne Coatings Market Size By 2025?
The market size of water borne coatings has seen significant expansion in the past few years. The market value is projected to rise from $121.42 billion in 2024 to $129.81 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.9%. Factors such as consumer preference for eco-friendly products, health and safety matters, architectural uses, as well as the automotive and transport sector, have contributed to the growth witnessed in the historic period.
How Big Is the Water Borne Coatings Market Size Expected to Grow by 2029?
Anticipated to witness substantial growth in the coming years, the water borne coatings market is predicted to expand to a size of $163.07 billion by 2029, progressing at a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this projected growth during the forecast period include advancements in renewable energy infrastructure, expansion in infrastructure and construction, cutting edge material technologies, smart coatings, and specialty applications. On the horizon, the forecast period is promising trending developments like bio-based waterborne coatings, high-performance formulations, incorporation of nanotechnology, and sustainability certifications.
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Which Key Market Drivers Powering Water Borne Coatings Market Expansion and Growth?
The utilization of water-borne coatings in numerous sectors, including automotive, construction, and manufacturing, is experiencing a swift surge. These coatings are extensively employed in various fields like printing inks, automotive OEM sector, plastics, as well as other manufacturing industries. Consequently, the escalation in these end-user industries is predicted to accelerate the waterborne coatings market.
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Which Fast-Growing Trends Are Poised to Disrupt the Water Borne Coatings Market?
Companies are turning to smart coatings and advanced coating technologies to improve the effectiveness of coating compounds. Nanocoatings, which are a kind of smart coating, feature microscopic particles and unique attributes like adaptability, corrosion resistance, and the ability to prevent micro-bacterial expansion. Fluoropolymer coating is recognized for its high-performance features, including longevity and cost-effectiveness.
What Are the Emerging Segments in the Water Borne Coatings Market?
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
Subsegments:
1) By Acrylic: Water-Based Acrylic Coatings, Acrylic Emulsions, Acrylic Resins
2) By Epoxy: Water-Based Epoxy Coatings, Waterborne Epoxy-Ester Coatings
3) By Polyurethane: Waterborne Polyurethane Coatings, Aliphatic Waterborne Polyurethane Coatings, Aromatic Waterborne Polyurethane Coatings
4) By Polyester: Waterborne Polyester Coatings, Polyester Resins For Waterborne Applications
5) By Alkyd: Water-Based Alkyd Coatings, Modified Alkyd Coatings (Long Oil, Short Oil)
6) By Polyvinylidene Chloride (PVDC): PVDC Waterborne Coatings For Food Packaging, PVDC Latex Coatings
7) By Polyvinylidene Fluoride (PVDF): Waterborne PVDF Coatings For Industrial Applications, PVDF-Based Architectural Coatings
8) By Other Types: Silane-Based Coatings, Silicone-Based Coatings, Hybrid Coatings
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Who Are the Global Leaders in the Water Borne Coatings Market?
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.
Which are the Top Profitable Regional Markets for the Water Borne Coatings Industry?
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.
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