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Albert Roy
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September 4, 2020

Waterborne Coatings Market Challenges - New Industry Overview and Forecasts To 2027

The Global Waterborne Coatings Market is projected to reach a value of over USD 102.1billion by 2027 at a CAGR of around 4.1%.

A waterborne coating is surface coating or finishes which uses water as a solvent to disperse the resins. These composites varyand may include 80% water with a small number of other solvents such as glycol ethers. A higher amount of water contents makes waterborne coating environmentally friendly and easy to apply. Waterborne coatings offer some of the major advantages such as good resistance to heat, provides excellent adhesion, low toxicity, and flammability, and do not require thinners, additives, and hardeners.

Waterborne Coatings Market: Drivers & Restraint

Market Driver:

  • Environmental Regulations Boosting the Demand for VOC-Free Coatings

Growing awareness regarding volatile organic compounds (VOC) and its harmful effect on both environmental and human health has surged government bodies to control its emission. Thus, governing bodies are imposing various regulations to control VOC emissions. For instance, according to the Environmental Protection Agency (EPA), regulates VOC emission through National Volatile Organic Compound Emission Standards for Consumer and Commercial Products. VOC controls for products are typically based on the application of products, such as automotive refinish coating, aerosol coating, and consumer products. The constantly evolving environmental standards are increasing demand for waterborne coating. Moreover, waterborne coatings are identical to the solvent-based coating in terms of pigments and binders, they differ in carrying agent. Additionally, comprising of low-VOC and HAP content, waterborne paint and coating products help to cut down on harmful emissions, enhance weather resistance as compared to high-VOC latex paints. Thus, growing environmental regulations to reduce harmful VOC emission has increased demand for VOC-free coatings which has further expected to drive the market growth.

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Market Restraint:

  • Availability of Substitutes

The availability of substitutes in the market such as solvent-based coatings has anticipated hindering the growth of the waterborne coating market during the forecasted period. For instance, solvent-based coating, high-solids coatings, powder coatings, and radiation-cured coatings are some of the coating types available in the market with benefits such as no VOC emission, good transfer efficiency, and others. Some benefits of solvent-based coatings such as help to speed up the reaction reducing dying time, less susceptible to environmental conditions such as humidity and temperature owing to which some manufacturers have been adopting these coatings. Thus, the availability of substitutes in the market has expected to hamper the market growth.

Waterborne Coatings Market: Key Segments

  • Segmentation based on type: Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Polyvinylidene Chloride (PVDC), and Others.
  • Segmentation based on end-use: Architectural, General Industrial, Automotive,Metal Packaging, Protective Coating, Industrial Wood, Automotive Refinish, Marine, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Waterborne Coatings Market: Report Scope

The report on the waterborne coatings market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Waterborne Coatings Market include:

  • Jotun(Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • TIKKURILA OYJ
  • BASF SE
  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • AkzoNobel
  • RPM INTERNATIONAL INC.
  • Asian Paints
  • Axalta Coating Systems, LLC
  • Nippon Paint Holdings Co., Ltd.
  • Teknos Group
  • Berger Paints India Limited
  • Hempel A/S
  • DuluxGroup Ltd.
  • Brillux GmbH & Co. KG
  • Masco Corporation
  • Carpoly Chemical Group Co., Ltd.
  • Lanco Paints
  • Other Key Companies

Waterborne Coatings Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Waterborne Coatings Market, by Type

  • Acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • Polytetrafluoroethylene (PTFE)
  • Polyvinylidene Fluoride (PVDF)
  • Polyvinylidene Chloride (PVDC)
  • Others

Waterborne Coatings Market, by Application

  • Architectural
  • General Industrial
  • Automotive
  • Metal Packaging
  • Protective Coating
  • Industrial Wood
  • Automotive Refinish
  • Marine
  • Others

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Waterborne Coatings Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Environmental Regulations Boosting the Demand for VOC-Free Coatings
      2. Rising Demand from End-use Industries
    3. Restraint
      1. Availability of Substitutes
    4. Opportunities
      1. High Growth Potential from Emerging Economies
    5. Challenges
      1. Fluctuation in Raw Material Prices
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL WATERBORNE COATINGS MARKET BY TYPE, Market Size in USD Million& Volume in Kiloton (2019-2027)
    1. Introduction
    2. Acrylic
    3. Polyester
    4. Alkyd
    5. Epoxy
    6. Polyurethane
    7. Polytetrafluoroethylene (PTFE)
    8. Polyvinylidene Fluoride (PVDF)
    9. Polyvinylidene Chloride (PVDC)
    10. Others
  7. GLOBAL WATERBORNE COATINGS MARKET BY END-USE, Market Size in USD Million& Volume in Kiloton (2019-2027)
    1. Introduction
    2. Architectural
    3. General Industrial
    4. Automotive
    5. Metal Packaging
    6. Protective Coating
    7. Industrial Wood
    8. Automotive Refinish
    9. Marine
    10. Others
  8. GLOBAL WATERBORNE COATINGS MARKET BY REGION, Market Size in USD Million & Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. Jotun
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
    2. TIKKURILA OYJ
    3. BASF SE
    4. The Sherwin-Williams Company
    5. PPG Industries, Inc.
    6. AkzoNobel
    7. RPM INTERNATIONAL INC.
    8. Asian Paints
    9. Axalta Coating Systems, LLC
    10. Nippon Paint Holdings Co., Ltd.
    11. Teknos Group
    12. Berger Paints India Limited
    13. Hempel A/S
    14. DuluxGroup Ltd.
    15. Brillux GmbH & Co. KG
    16. Masco Corporation
    17. Carpoly Chemical Group Co., Ltd.
    18. Lanco Paints
    19. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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Albert Roy
September 4, 2020, 11:36
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