Global Waterborne Coating Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global waterborne coating market in its upcoming report titled, “Global Waterborne Coating Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global waterborne coating market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global waterborne coating market report has been segmented on the basis of product, application, and region.
Waterborne coating is surface treatment that uses water as a solvent to separate the resin that is used to make coating or paint. Waterborne coating is prepared through an eco-friendly process. Usually Polyacrylate, polyvinyl ether, or polyurethane resin are the major binders for waterborne coatings. Other resins such as Epoxy and alkyd resins can be formulated for various waterborne coating application.
Increasing demand for waterborne coating from automotive sector is a major factor driving growth of the global waterborne coating market. In addition, wide applicability of waterborne coating in various sectors such as metal coating, agriculture coating, packaging coating, etc., is another factor expected to boost growth of the global waterborne coating market. Moreover, increasing use of waterborne acrylic resin in construction sector is also expected to support growth of the global waterborne coating market.
Waterborne coating is more sensitive to temperature and humidity, which is expected to hamper growth of the global waterborne coating market. However, shifting preference towards use of environmental friendly products that are less harmful on surroundings is expected to spur growth of the target market over the forecast period.
The market in Asia Pacific is expected to account for major market share in terms of consumption, due to booming industrial, agricultural and construction industries in emerging economies. In addition, rising demand from automotive sector for waterborne coating is expected to contribute to growth of the market in this region. Countries such as US, Canada, Germany are expected to contribute major share in global waterborne coating market. This can be attributed to increasing demand from packaging sector, architectural sector, easy availability of resources, and shifting preference towards use of environmental friendly products in these countries.
Global Waterborne Coating Segmentation:
- Polyurethane (PU)
- Polytetrafluoroethylene (PTFE)
- Others (polyvinylidene chloride (PVDC), polyvinylidene floride (PVDF), etc.)
- General Industrial
- North America
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- RPM International Inc.
- The Valspar Corporation
- Tikkurila Oyj
- Akzo Nobel N.V.
- Berger Paints India Limited
- BASF SE
- PPG Industries, Inc.
- Axalta Coatings Systems LLC
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
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