Waterborne Coatings Market

Waterborne Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), Application (Architectural and Industrial), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2024

Report Code: CH 2609 Jan, 2020, by marketsandmarkets.com

[166 Pages Report] The global waterborne coatings market size is projected to grow from USD 74.1 billion in 2019 to USD 91.8 billion by 2024, at a CAGR of 4.4%, during the forecast period. The growth in architectural and industrial applications especially in residential and general industrial is driving the global waterborne coatings market.

Waterborne Coatings Market

The acrylic segment is estimated to account for the largest waterborne coatings market share during the forecast period.

The acrylic segment held the largest share of the market and is expected to continue its dominance during the forecast period. Acrylic waterborne coatings are used in a wide range of applications owing to their chemical characteristics and unique aesthetic properties. The demand for acrylic waterborne coatings is high in the automotive, medical, automotive, general industrial and construction industries. The use of acrylic resin in coatings is constantly growing in emerging economies, such as China and India, because of the improving standard of living and rising demand for high-quality paints.

Architectural is projected to be the fastest-growing application segment of the waterborne coatings market during the forecast period.

Apart from possessing decorative features, architectural waterborne coatings also possess protective features. For instance, exterior architectural paints & coatings protect a building from extremes of rain, sunlight, and wind. These coatings also find use in decorative interiors such as furniture, wood flooring, wall paintings, and sculptures. An increase in environmental awareness among consumers and manufacturers has led to technological innovations in the coating industry to provide quality products that are affordable, of high quality, possess value-added features, and meet global trends.

Waterborne Coatings Market

APAC is expected to account for the largest share of the waterborne coatings market during the forecast period

The waterborne coatings market in the APAC region is expected to account for the largest share of the market and register the highest CAGR during the forecast period. The rising demand for waterborne coatings from industries, such as automotive, general industrial, marine, new construction, and remodel & repaint, from countries such as China, India, Malaysia, Taiwan, South Korea, Indonesia, and Vietnam in the region, is projected to drive the growth of the waterborne coatings market in the region. China is expected to lead the demand for waterborne coatings in APAC during the forecast period. Lenient environmental regulations regarding emission levels and lower taxes for manufacturers and increased income level have resulted in the growth of the waterborne coatings market in China.

Key Market Players

BASF SE (Germany), AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), RPM International Inc. (US), The Sherwin-Williams Company (US), Asian Paints Limited (India), Axalta Coating Systems LLC (US), Nippon Paint Holdings Co. Ltd. (Japan), Kansai Paint Co. Ltd. (Japan), Jotun Group (Norway), and Tikkurila OYJ (Finland) are some of the players operating in the global waterborne coatings market.

Scope of the Report

Report Metric

Details

Years considered for the study

2017–2024

Base year

2018

Forecast period

2019–2024

Units considered

Value (USD Million) and Volume (Kiloton)

Segments

Resin Type and Application

Regions

APAC, North America, Europe, the Middle East & Africa, and South America

Companies

The Sherwin-Williams Company (US), AkzoNobel N.V. (Netherlands), PPG Industries (US), Nippon Paint Holding Co Ltd (Japan)
A total of 25 players are covered.

This research report categorizes the waterborne coatings market based on resin type, application, and region.

Based on type:

  • Acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • PTFE
  • PVDF
  • PVDC
  • Others (amino acids, acrylic-epoxy, urethane-acrylic)

Based on application:

  • Architectural
    • Residential
      • New Construction
      • Remodel & Repaint
    • Non-Residential
  • Industrial
    • Automotive
    • General Industrial
    • Protective
    • Wood
    • Marine
    • Packaging
    • Coil
    • Others (aerospace and rail)

Based on region:

  • APAC
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In June 2019, Jotun signed a memorandum of understanding with Korean Hyundai Heavy Industries (HHI), stating that the company will use Jotun’s new marine paint that reduces solvent emissions by 90%. The partnership will help HHI to equip better and help meet the environmental regulations that aim at reducing solvent emission.
  • In December 2018, Tikkurila launched a new waterborne fire-retardant laquer, Fontefire WF Clear for wooden surfaces. The product enhances the beauty of treated surfaces and enables the coated wood to be used in places, such as schools and hospitals, where the fire safety requirements are the most stringent.

Key Questions Addressed by the Report

  • What is the mid-to-long term impact of the developments undertaken in the industry?
  • What are the upcoming technologies used in the waterborne coatings industry?
  • Which segment has the potential to register the highest market share?
  • What is the current competitive landscape in the waterborne coatings market in terms of new technologies, production, and sales?
  • What will be the growth prospects of the waterborne coatings market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Scope
           1.2.2 Region Covered
           1.2.3 Years Considered for the Study
    1.3 Currency
    1.4 Unit Considered
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Waterborne Coatings Market
    4.2 Waterborne Coatings Market, By Resin Type
    4.3 Waterborne Coatings Market, Developed vs. Developing Countries
    4.4 APAC Waterborne Coatings Market, By Resin Type and Application
    4.5 Waterborne Coatings Market, By Country

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Environmental Regulations Boosting the Demand for Voc-Free Coatings
                    5.2.1.2 High Growth in End-Use Industries
           5.2.2 Restraints
                    5.2.2.1 Uneven Enforcement
                    5.2.2.2 Availability of Substitutes
                    5.2.2.3 Sensitivity to Humidity
           5.2.3 Opportunities
                    5.2.3.1 Growth Prospects in Highly Regulated Regions
                    5.2.3.2 High Growth Potential in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Us-China Trade War
           5.2.5 Porter’s Five Forces Analysis
                    5.2.5.1 Threat of New Entrants
                    5.2.5.2 Threat of Substitutes
                    5.2.5.3 Bargaining Power of Buyers
                    5.2.5.4 Bargaining Power of Suppliers
                    5.2.5.5 Intensity of Competitive Rivalry

6 Waterborne Coatings Market, By Resin Type (Page No. - 44)
    6.1 Introduction
    6.2 Acrylic
           6.2.1 Exceptional Physical Properties are Driving the Demand for Acrylic Resins
    6.3 Polyester
           6.3.1 Effectiveness of Polyesters in Low-Voc Waterborne Formulations is Driving Their Demand
    6.4 Alkyd
           6.4.1 High Durability and Good Drying Characteristics are the Factors Driving the Demand for Alkyd Resins
    6.5 Epoxy
           6.5.1 Epoxy is the Most Versatile Resin Which Finds Applications in Various Industries
    6.6 Polyurethane
           6.6.1 Excellent Combination of Properties are Influencing the Demand for Polyurethane Coatings
    6.7 Polytetrafluoroethylene (PTFE)
           6.7.1 Ptfe Coatings are Preferred for General Industrial Applications
    6.8 Polyvinylidene Fluoride (PVDF)
           6.8.1 Emerging Pvdf Coating Technology is Expected to Gain High Growth in Future
    6.9 Polyvinylidene Chloride (PVDC)
           6.9.1 Pvdc Imparts A High Gloss Finish on Coated Products
    6.1 Others

7 Waterborne Coatings Market, By Application (Page No. - 58)
    7.1 Introduction
    7.2 Architectural
           7.2.1 Residential
                    7.2.1.1 New Construction
                               7.2.1.1.1 Rising Homeownership is Leading to the High Growth of the Construction Industry in APAC and the Middle East & Africa
                    7.2.1.2 Remodel & Repaint
                               7.2.1.2.1 Harsh Weather Conditions Increase the Need for Renovation and Repair of Constructions Driving the Growth of the Segment
           7.2.2 Non-Residential
                    7.2.2.1 Increased Commercial and Industrial Developments are Expected to Drive the Market in This Segment
    7.3 Industrial
           7.3.1 Automotive
                    7.3.1.1 Growing Demand for Electric Vehicles is Likely to Drive the Waterborne Coatings Market
           7.3.2 General Industrial
                    7.3.2.1 Need for Efficient Process and Durable Coatings With Better Aesthetics is Boosting the Market Growth in This Segment
           7.3.3 Protective
                    7.3.3.1 APAC is Emerging as A Strategic Location for Coating Manufacturers in the Protective Application
           7.3.4 Wood
                    7.3.4.1 Increasing Construction and Infrastructure Activities are Increasing the Waterborne Coatings Demand
           7.3.5 Marine
                    7.3.5.1 The Slow Growth of the Shipbuilding Sector is Hampering the Demand for Waterborne Coatings in Marine
           7.3.6 Packaging
                    7.3.6.1 Improved Lifestyles and Changing Food Habits are Leading to the High Growth of the Market
           7.3.7 Coil
                    7.3.7.1 Waterborne Coatings Offer Durability and Cost-Benefit Properties to Coils
           7.3.8 Other End-Uses

8 Waterborne Coatings Market, By Region (Page No. - 79)
    8.1 Introduction
    8.2 APAC
           8.2.1 China
                    8.2.1.1 High Investments By the Government in Infrastructure Development is Leading to the Growth of the Construction Industry of the Country
           8.2.2 India
                    8.2.2.1 A Boom in the Real Estate Industry is Expected to Drive the Waterborne Coatings Market
           8.2.3 Japan
                    8.2.3.1 Investments in Infrastructural Markets By Public and Private Sectors are Expected to Boost the Demand for Waterborne Coatings
           8.2.4 Indonesia
                    8.2.4.1 Increasing Penetration of Japanese Carmakers is Likely to Benefit the Waterborne Coatings Market in the Country
           8.2.5 Thailand
                    8.2.5.1 Automotive Being the Key Industry in the Country Contributes Significantly to the Market Growth
           8.2.6 Rest of APAC
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 Favorable Economic Environment for the Construction Sector and Rising Demand for New Homes From New Migrants are Leading to the Market Growth
           8.3.2 Russia
                    8.3.2.1 The Crisis in Automotive Industry Owing to Currency Devaluation is Leading to Moderate Growth of the Market
           8.3.3 Italy
                    8.3.3.1 New Project Finance Rules and Investment Policies in the Construction Sector are Expected to Boost the Market Growth
           8.3.4 Turkey
                    8.3.4.1 Rapid Urbanization and Diversification of Consumer Goods are Positively Impacting the Market
           8.3.5 France
                    8.3.5.1 Reviving Economy Coupled With an Investment in Infrastructure is Expected to Boost the Demand for Waterborne Coatings
           8.3.6 UK
                    8.3.6.1 The Growing Construction Sector Along With Government Spending Will Spur the Waterborne Coatings Market Growth
           8.3.7 Spain
                    8.3.7.1 Increase in Housing Units Boosts the Waterborne Coatings Demand
           8.3.8 Rest of Europe
    8.4 North America
           8.4.1 US
                    8.4.1.1 Presence of Major Manufacturers is Fueling the Market Growth
           8.4.2 Canada
                    8.4.2.1 The Construction Industry Will Be the Major Contributor to Waterborne Coatings Market Growth
           8.4.3 Mexico
                    8.4.3.1 New Construction in the Residential Segment is Likely to Drive the Waterborne Coatings Market
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
                    8.5.1.1 Government has Made Huge Investments in Infrastructure Development to Boost Tourism
           8.5.2 South Africa
                    8.5.2.1 There is Substantial Demand for Architectural Coatings in Building Projects
           8.5.3 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
                    8.6.1.1 Investment Partnership Program has Promoted the Private Sector Participation in Infrastructure Development
           8.6.2 Argentina
                    8.6.2.1 China-Built Projects in the Country Have Improved the Livelihood and Created Employment Opportunities
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 119)
    9.1 Overview
    9.2 Competitive Leadership Mapping, 2018
           9.2.1 Visionary Leaders
           9.2.2 Innovators
           9.2.3 Dynamic Differentiators
           9.2.4 Emerging Companies
    9.3 Strength of Product Portfolio
    9.4 Business Strategy Excellence
    9.5 Market Ranking Analysis
    9.6 Competitive Scenario
           9.6.1 Merger & Acquisition
           9.6.2 Investment & Expansion
           9.6.3 Partnership & Collaboration
           9.6.4 New Product Development

10 Company Profiles (Page No. - 129)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     10.1 The Sherwin-Williams Company
     10.2 BASF SE
     10.3 Akzonobel N.V.
     10.4 PPG Industries Inc.
     10.5 RPM International Inc.
     10.6 Asian Paints Limited
     10.7 Axalta Coating Systems LLC
     10.8 Nippon Paint Holdings Co. Ltd.
     10.9 Kansai Paint Co. Ltd.
     10.10 Tikkurila OYJ
     10.11 Jotun Group
     10.12 Other Key Companies
             10.12.1 Berger Paints India Ltd.
             10.12.2 Teknos Group
             10.12.3 Masco Corporation
             10.12.4 Hempel A/S
             10.12.5 Duluxgroup Ltd.
             10.12.6 Diamond-Vogel Paint Company
             10.12.7 Benjamin Moore & Co.
             10.12.8 Kelly-Moore Paints
             10.12.9 Stahl Holdings B.V.
             10.12.10 Cromology (Formerly Materis Paints)
             10.12.11 Cloverdale Paint Inc.
             10.12.12 Brillux GmbH & Co. KG
             10.12.13 Carpoly Chemical Group Co., Ltd.
             10.12.14 Lanco Paints
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

11 Appendix (Page No. - 160)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (119 Tables)

Table 1 Waterborne Coatings Market, 2019 vs. 2024
Table 2 Waterborne Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 3 Waterborne Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 4 Properties and Applications of Acrylic Resins
Table 5 Waterborne Acrylic Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 6 Waterborne Acrylic Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 7 Waterborne Polyester Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 8 Waterborne Polyester Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 9 Properties and Applications of Alkyd Resins
Table 10 Waterborne Alkyd Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 11 Waterborne Alkyd Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 12 Waterborne Epoxy Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 13 Waterborne Epoxy Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 14 Properties and Applications of Polyurethane Resins
Table 15 Waterborne Polyurethane Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 16 Waterborne Polyurethane Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 17 Waterborne Ptfe Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 18 Waterborne Ptfe Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 19 Waterborne Pvdf Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 20 Waterborne Pvdf Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 21 Waterborne Pvdc Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 22 Waterborne Pvdc Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 23 Other Waterborne Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 24 Other Waterborne Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 25 Waterborne Coatings Market Size, By Application, 2017–2024 (Kiloton)
Table 26 Waterborne Coatings Market Size, By Application, 2017–2024 (USD Million)
Table 27 Waterborne Coatings Market Size in Architectural, By Region, 2017–2024 (Kiloton)
Table 28 Waterborne Coatings Market Size in Architectural, By Region, 2017–2024 (USD Million)
Table 29 Waterborne Coatings Market Size in Architectural, By End-Use, 2017–2024 (Kiloton)
Table 30 Waterborne Coatings Market Size in Architectural, By End-Use, 2017–2024 (USD Million)
Table 31 Waterborne Coatings Market Size in Residential, By Region, 2017–2024 (Kiloton)
Table 32 Waterborne Coatings Market Size in Residential, By Region, 2017–2024 (USD Million)
Table 33 Waterborne Coatings Market Size in New Construction, By Region, 2017–2024 (Kiloton)
Table 34 Waterborne Coatings Market Size in New Construction, By Region, 2017–2024 (USD Million)
Table 35 Waterborne Coatings Market Size in Remodel & Repaint, By Region, 2017–2024 (Kiloton)
Table 36 Waterborne Coatings Market Size in Remodel & Repaint, By Region, 2017–2024 (USD Million)
Table 37 Waterborne Coatings Market Size in Non-Residential, By Region, 2017–2024 (Kiloton)
Table 38 Waterborne Coatings Market Size in Non-Residential, By Region, 2017–2024 (USD Million)
Table 39 Waterborne Coatings Market Size in Industrial, By Region, 2017–2024 (Kiloton)
Table 40 Waterborne Coatings Market Size in Industrial, By Region, 2017–2024 (USD Million)
Table 41 Waterborne Coatings Market Size in Industrial, By End-Use, 2017–2024 (Kiloton)
Table 42 Waterborne Coatings Market Size in Industrial, By End-Use, 2017–2024 (USD Million)
Table 43 Waterborne Coatings Market Size in Automotive, By Region, 2017–2024 (Kiloton)
Table 44 Waterborne Coatings Market Size in Automotive, By Region, 2017–2024 (USD Million)
Table 45 Waterborne Coatings Market Size in General Industrial, By Region, 2017–2024 (Kiloton)
Table 46 Waterborne Coatings Market Size in General Industrial, By Region, 2017–2024 (USD Million)
Table 47 Waterborne Coatings Market Size in Protective, By Region, 2017–2024 (Kiloton)
Table 48 Waterborne Coatings Market Size in Protective, By Region, 2017–2024 (USD Million)
Table 49 Waterborne Coatings Market Size in Wood, By Region, 2017–2024 (Kiloton)
Table 50 Waterborne Coatings Market Size in Wood, By Region, 2017–2024 (USD Million)
Table 51 Waterborne Coatings Market Size in Marine, By Region, 2017–2024 (Kiloton)
Table 52 Waterborne Coatings Market Size in Marine, By Region, 2017–2024 (USD Million)
Table 53 Waterborne Coatings Market Size in Packaging, By Region, 2017–2024 (Kiloton)
Table 54 Waterborne Coatings Market Size in Packaging, By Region, 2017–2024 (USD Million)
Table 55 Waterborne Coatings Market Size in Coil, By Region, 2017–2024 (Kiloton)
Table 56 Waterborne Coatings Market Size in Coil, By Region, 2017–2024 (USD Million)
Table 57 Waterborne Coatings Market Size in Other End-Use, By Region, 2017–2024 (Kiloton)
Table 58 Waterborne Coatings Market Size in Other End-Use, By Region, 2017–2024 (USD Million)
Table 59 Waterborne Coatings Market Size, By Region, 2017–2024 (Kiloton)
Table 60 Waterborne Coatings Market Size, By Region, 2017–2024 (USD Million)
Table 61 APAC: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 62 APAC: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 63 APAC: Waterborne Coatings Market Size, By Application, 2017–2024 (Kiloton)
Table 64 APAC: Waterborne Coatings Market Size, By Application, 2017–2024 (USD Million)
Table 65 APAC: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (Kiloton)
Table 66 APAC: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (USD Million)
Table 67 APAC: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (Kiloton)
Table 68 APAC: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (USD Million)
Table 69 APAC: Waterborne Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 70 APAC: Waterborne Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 71 China’s Top Infrastructure Projects
Table 72 Upcoming Infrastructure Projects in India
Table 73 Mega Infrastructure Projects in Japan
Table 74 Europe: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 75 Europe: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 76 Europe: Waterborne Coatings Market Size, By Application, 2017–2024 (Kiloton)
Table 77 Europe: Waterborne Coatings Market Size, By Application, 2017–2024 (USD Million)
Table 78 Europe: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (Kiloton)
Table 79 Europe: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (USD Million)
Table 80 Europe: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (Kiloton)
Table 81 Europe: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (USD Million)
Table 82 Europe: Waterborne Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 83 Europe: Waterborne Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 84 Major Infrastructure Projects in Europe
Table 85 North America: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 86 North America: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 87 North America: Waterborne Coatings Market Size, By Application, 2017–2024 (Kiloton)
Table 88 North America: Waterborne Coatings Market Size, By Application, 2017–2024 (USD Million)
Table 89 North America: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (Kiloton)
Table 90 North America: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (USD Million)
Table 91 North America: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (Kiloton)
Table 92 North America: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (USD Million)
Table 93 North America: Waterborne Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 94 North America: Waterborne Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 95 Infrastructure Projects in North America
Table 96 Middle East & Africa: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 97 Middle East & Africa: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 98 Middle East & Africa: Waterborne Coatings Market Size, By Application, 2017–2024 (Kiloton)
Table 99 Middle East & Africa: Waterborne Coatings Market Size, By Application, 2017–2024 (USD Million)
Table 100 Middle East & Africa: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (Kiloton)
Table 101 Middle East & Africa: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (USD Million)
Table 102 Middle East & Africa: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (Kiloton)
Table 103 Middle East & Africa: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (USD Million)
Table 104 Middle East & Africa: Waterborne Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 105 Middle East & Africa: Waterborne Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 106 South America: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 107 South America: Waterborne Coatings Market Size, By Resin Type, 2017–2024 (USD Million)
Table 108 South America: Waterborne Coatings Market Size, By Application, 2017–2024 (Kiloton)
Table 109 South America: Waterborne Coatings Market Size, By Application, 2017–2024 (USD Million)
Table 110 South America: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (Kiloton)
Table 111 South America: Waterborne Coatings Market Size, By Architectural End-Use, 2017–2024 (USD Million)
Table 112 South America: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (Kiloton)
Table 113 South America: Waterborne Coatings Market Size, By Industrial End-Use, 2017–2024 (USD Million)
Table 114 South America: Waterborne Coatings Market Size, By Country, 2017–2024 (Kiloton)
Table 115 South America: Waterborne Coatings Market Size, By Country, 2017–2024 (USD Million)
Table 116 Merger & Acquisition, 2016–2019*
Table 117 Investment & Expansion, 2016–2019*
Table 118 Partnership & Collaboration, 2016–2019*
Table 119 New Product Development, 2016–2019


List of Figures (50 Figures)

Figure 1 Market Segmentation
Figure 2 Waterborne Coatings Market: Research Design
Figure 3 Market Size Estimation: Waterborne Coatings Market
Figure 4 Waterborne Coatings Market By Region
Figure 5 Waterborne Coatings Market By Application
Figure 6 Market Size Estimation: Bottom-Up Approach By Application
Figure 7 Market Size Estimation: Top-Down Approach
Figure 8 Waterborne Coatings Market: Data Triangulation
Figure 9 Acrylic to Be the Largest Resin Type in the Waterborne Coatings Market
Figure 10 Residential End-Use to Register the Highest Growth Rate in the Market
Figure 11 APAC to Be the Fastest-Growing Waterborne Coatings Market
Figure 12 Waterborne Coatings Market to Register Robust Growth Between 2019 and 2024
Figure 13 Acrylic to Be the Fastest-Growing Segment
Figure 14 Developing Countries to Grow Faster Than the Developed Countries
Figure 15 Architectural Segment Accounted for the Largest Share
Figure 16 India to Register the Highest Cagr in the Waterborne Coatings Market
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Waterborne Coatings Market
Figure 18 Waterborne Coatings Market: Porter’s Five Forces Analysis
Figure 19 Acrylic Was the Largest Resin Type in the Waterborne Coatings Market in 2018
Figure 20 Architectural Application to Dominate Waterborne Coatings Market, 2019 vs 2024 (USD Million)
Figure 21 Architectural to Be the Largest Application During the Forecast Period
Figure 22 Automotive Production Share for Top 5 Countries, 2018
Figure 23 Oil & Gas Industry Was the Key Consumer of High-Performance Protective Waterborne Coatings in 2018
Figure 24 World Fleet By Principal Vessel Type, Share of Tonnage (Dead-Weight Tons), 2018
Figure 25 APAC to Be the Fastest-Growing Waterborne Coatings Market
Figure 26 APAC: Waterborne Coatings Market Snapshot
Figure 27 Europe: Waterborne Coatings Market Snapshot
Figure 28 North America: Waterborne Coatings Market Snapshot
Figure 29 Middle East & Africa: Waterborne Coatings Market Snapshot
Figure 30 South America: Waterborne Coatings Market Snapshot
Figure 31 Key Growth Strategies Adopted By Leading Players of Waterborne Coatings Market (2016–2019)
Figure 32 Waterborne Coatings Market (Global): Competitive Leadership Mapping, 2018
Figure 33 Key Market Players in 2018
Figure 34 The Sherwin-Williams Company: Company Snapshot
Figure 35 The Sherwin-Williams Company: SWOT Analysis
Figure 36 BASF SE: Company Snapshot
Figure 37 Functional Materials & Solutions Segment Sales, By Division
Figure 38 BASF SE: SWOT Analysis
Figure 39 Akzonobel N.V.: Company Snapshot
Figure 40 Akzonobel N.V.: SWOT Analysis
Figure 41 PPG Industries Inc.: Company Snapshot
Figure 42 PPG Industries Inc.: SWOT Analysis
Figure 43 RPM International Inc.: Company Snapshot
Figure 44 RPM International Inc.: SWOT Analysis
Figure 45 Asian Paints Limited: Company Snapshot
Figure 46 Axalta Coating Systems LLC: Company Snapshot
Figure 47 Nippon Paint Co., Ltd: Company Snapshot
Figure 48 Kansai Paint Co. Ltd: Company Snapshot
Figure 49 Tikkurila OYJ: Company Snapshot
Figure 50 Jotun Group: Company Snapshot

The study involved four major activities in estimating the current market size of waterborne coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the waterborne coatings market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The waterborne coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the packaging & paper, construction, woodworking, and medical applications. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Waterborne Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the waterborne coatings market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the estimation processes explained above-the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the waterborne coatings market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market based on resin type and application
  • To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, the Middle East & Africa, and South America
  • To estimate and forecast the waterborne coatings market at the country-level in each of the regions
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze the competitive developments, such as investment & expansion and merger & acquisition, in the waterborne coatings market
  • To strategically identify and profile the key market players and analyze their core competencies

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the waterborne coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Waterborne Coatings Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Waterborne Coatings Market

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CH 2609
Published ON
Jan, 2020
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