Waterbased Coatings Market: Latest Trends,Analysis & Insights 2024
As per TMR’s estimations, the global market for water-based coatings, which offered an opportunity worth US$46.1 bn in 2015, is likely to rise at a CAGR of 6.40% over the period of 2016 to 2024 and reach US$80.3 bn by the end of the forecast period. With a share of nearly 58%, the building and construction industry emerged as the key consumer of water-based coatings across the world. Researchers at TMR expect this scenario to remain more or less same over the forecast period.
Get PDF Brochure for more Professional and Technical insights :
Asia Pacific to Remain Leading Contributor to Global Waterbased Coatings Market
The report also presents a geographical analysis of the global market for water-based coatings. According to it, Asia Pacific, Latin America, the Middle East and Africa, North America, and Europe are the main geographical segments of this market. Thanks to the swift rise in the pace of infrastructural development, boosted by the increasing disposable income of consumers, Asia Pacific has emerged as the leading contributor to the worldwide water-based coatings market. Analysts expect this regional market to retain its position over the forecast period, rising at a CAGR of 7.0%. China will lead the water-based coatings market in Asia Pacific over the next few years.
The markets for water-based coatings in Latin America and the Middle East and Africa are also expected to witness strong growth during the forecast period. The rise in economic diversification of the GCC countries and the increasing focus on the commercial sectors such as hospitality, healthcare, and tourism are likely to boost these markets in the near future. On the flip side, North America and Europe are likely to register moderate growth in their respective markets for water-based coatings over the forthcoming years. Although the revival of the economy in the European Union is likely to provide momentum to the Europe market for water-based coatings, it will present less lucrative prospects than Asia Pacific over the years to come.
Increasing Infrastructural Developments to Fuel Demand for Waterbased Coatings
“Infrastructural advancements across the world is having the most prominent impact on the global demand for water-based coatings,” says the author of the study. With the strengthening of economies, the expenditure on the development of infrastructure has been increasing, globally. A number of new construction projects have begun, which has fueled the need for paints and coatings. Thanks to the growing awareness pertaining to the benefits of eco-friendly coatings, the adoption of water-based coatings has increased remarkably, leading to the rise of the global water-based coatings market.
Going forwards, the increasing implementation of stringent government regulations concerning VOC contents and their negative impact on the environment is projected to boost this market considerably over the forecast period. However, the volatile prices of raw materials may limit the demand for these coatings to some extent in the near future, notes the study.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Waterbased Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The global waterbased coatings market has been segmented as follows:
Others (fluoro-polymers etc.)
By End-use Industries
Building & Construction
Paper & Printing
Others (Aerospace etc.)
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Waterbased Coatings Market: Latest Trends,Analysis & Insights 2024 here
News-ID: 439051 • Views: 408
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the