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Report Scope & Overview:

Waterbased Coatings Market size was valued at USD 71.3 Billion in 2022 and is projected to reach USD 111.68 Billion by 2030, growing at a CAGR of 5.76% from 2024 to 2030.

Waterbased Coatings Market Overview:
Global Waterbased Coatings Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Waterbased Coatings Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.

DESCIMG1

Market Key Drivers:

Stringent environmental regulations: The demand for water-based coatings has been boosted by stricter regulations imposed by different governments and environmental agencies to reduce volatile organic compound (VOC) emissions and promote sustainable practices.

Focus on sustainability: The increasing emphasis on sustainability and the shift towards environmentally friendly products have stimulated the adoption of water-based coatings as a more eco-conscious alternative to solvent-based coatings.

Expansion in construction activities: The thriving construction industry, particularly in emerging economies, has resulted in a heightened requirement for water-based coatings in various applications such as architectural coatings, wood coatings, and decorative paints.

Growth in the automotive sector: The automotive industry has experienced a notable increase in the demand for water-based coatings, driven by their exceptional adhesion, durability, and resistance properties, as well as the necessity to comply with environmental regulations.


Market Challenges:

Constraints on Performance: Water-based coatings might display subpar performance attributes in specific scenarios, such as high-temperature conditions or demanding industrial environments. Overcoming these limitations continues to present a hurdle for manufacturers.

Cost Considerations: Water-based coatings can entail higher costs compared to conventional coatings due to the increased expenses associated with raw materials and specialized equipment needed for formulation and application.

Insufficient Awareness and Infrastructure: In certain regions, limited awareness regarding the advantages of water-based coatings, as well as inadequate infrastructure for their production and application, pose challenges to the expansion of the market.


Market Segmentations:

Global Waterbased Coatings Market: By Company
• BASF
• Akzo Nobel
• Asian Paints
• Kansai Paint
• Valspar
• Conren
• ICA Group
• Altana
• Axalta Coating System
• PPG Industries
• Sherwin-Williams Company
• NIPSEA GROUP
• Kansai Nerolac Paint.
• Hebei Chenyang Industry & Trade Group
• SKK Pte

Global Waterbased Coatings Market: By Type
• Resin - Acrylic (Styrene Acrylic)
• Formaldehyde
• Polyurethane
• Alkyds
• Epoxy
• Fluoropolymer

Global Waterbased Coatings Market: By Application
• Construction
• Automotive (Automotive OEM and Automotive Refinish)
• Industrial
• Others

Global Waterbased Coatings Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Waterbased Coatings market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Repot Attribute/MetricDetails
Expected Market Size 2022USD 71.3 Billion
Projected Market Size 2030USD 111.68 Billion
Compound Annual Growth Rate (CAGR)5.76%
Base Year2022
Forecast Period2023 to 2032
Historical Data2018-2022
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends 
By Type• Resin - Acrylic (Styrene Acrylic)
• Formaldehyde
• Polyurethane
• Alkyds
• Epoxy
• Fluoropolymer
By Application• Construction
• Automotive (Automotive OEM and Automotive Refinish)
• Industrial
• Others
Key Companies Profiled• BASF
• Akzo Nobel
• Asian Paints
• Kansai Paint
• Valspar
• Conren
• ICA Group
• Altana
• Axalta Coating System
• PPG Industries
• Sherwin-Williams Company
• NIPSEA GROUP
• Kansai Nerolac Paint.
• Hebei Chenyang Industry & Trade Group
• SKK Pte
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request


Reasons to Purchase Waterbased Coatings Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.

Objectives of Waterbased Coatings Market Study:
The objectives of Waterbased Coatings market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Waterbased Coatings market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.

Frequently Asked Questions

  Waterbased Coatings Market is projected to reach USD 111.68 Billion by 2030, growing at a CAGR of 5.76% from 2024 to 2030

  The growth of the water-based coatings market is driven by factors such as increasing environmental regulations, demand for sustainable coatings, and growth in the construction and automotive industries.

  Water-based coatings offer advantages such as lower toxicity, reduced VOC emissions, easy application, quick drying time, and environmental friendliness compared to solvent-based coatings.

  The water-based coatings industry faces challenges related to performance limitations in certain applications, higher costs compared to traditional coatings, and limited awareness and infrastructure in certain regions.

  The Asia Pacific region dominates the water-based coatings market due to rapid industrialization and construction activities, while Europe and North America also hold significant market shares due to strict environmental regulations and sustainability initiatives.

TABLE OF CONTENT

1 Waterbased Coatings Market Overview
1.1 Product Definition
1.2 Waterbased Coatings Segment by Type
1.2.1 Global Waterbased Coatings Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 Resin - Acrylic (Styrene Acrylic)
1.2.3 Formaldehyde
1.2.4 Polyurethane
1.2.5 Alkyds
1.2.6 Epoxy
1.2.7 Fluoropolymer
1.3 Waterbased Coatings Segment by Application
1.3.1 Global Waterbased Coatings Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Construction
1.3.3 Automotive (Automotive OEM and Automotive Refinish)
1.3.4 Industrial
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Waterbased Coatings Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Waterbased Coatings Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Waterbased Coatings Production Estimates and Forecasts (2017-2032)
1.4.4 Global Waterbased Coatings Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Waterbased Coatings Production Market Share by Manufacturers (2017-2023)
2.2 Global Waterbased Coatings Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Waterbased Coatings, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Waterbased Coatings Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Waterbased Coatings Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Waterbased Coatings, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Waterbased Coatings, Product Offered and Application
2.8 Global Key Manufacturers of Waterbased Coatings, Date of Enter into This Industry
2.9 Waterbased Coatings Market Competitive Situation and Trends
2.9.1 Waterbased Coatings Market Concentration Rate
2.9.2 Global 5 and 10 Largest Waterbased Coatings Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Waterbased Coatings Production by Region
3.1 Global Waterbased Coatings Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Waterbased Coatings Production Value by Region (2017-2032)
3.2.1 Global Waterbased Coatings Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Waterbased Coatings by Region (2023-2032)
3.3 Global Waterbased Coatings Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Waterbased Coatings Production by Region (2017-2032)
3.4.1 Global Waterbased Coatings Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Waterbased Coatings by Region (2023-2032)
3.5 Global Waterbased Coatings Market Price Analysis by Region (2017-2023)
3.6 Global Waterbased Coatings Production and Value, Year-over-Year Growth
3.6.1 North America Waterbased Coatings Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Waterbased Coatings Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Waterbased Coatings Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Waterbased Coatings Production Value Estimates and Forecasts (2017-2032)
4 Waterbased Coatings Consumption by Region
4.1 Global Waterbased Coatings Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Waterbased Coatings Consumption by Region (2017-2032)
4.2.1 Global Waterbased Coatings Consumption by Region (2017-2023)
4.2.2 Global Waterbased Coatings Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Waterbased Coatings Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Waterbased Coatings Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Waterbased Coatings Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Waterbased Coatings Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Waterbased Coatings Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Waterbased Coatings Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Waterbased Coatings Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Waterbased Coatings Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Waterbased Coatings Production by Type (2017-2032)
5.1.1 Global Waterbased Coatings Production by Type (2017-2023)
5.1.2 Global Waterbased Coatings Production by Type (2023-2032)
5.1.3 Global Waterbased Coatings Production Market Share by Type (2017-2032)
5.2 Global Waterbased Coatings Production Value by Type (2017-2032)
5.2.1 Global Waterbased Coatings Production Value by Type (2017-2023)
5.2.2 Global Waterbased Coatings Production Value by Type (2023-2032)
5.2.3 Global Waterbased Coatings Production Value Market Share by Type (2017-2032)
5.3 Global Waterbased Coatings Price by Type (2017-2032)
6 Segment by Application
6.1 Global Waterbased Coatings Production by Application (2017-2032)
6.1.1 Global Waterbased Coatings Production by Application (2017-2023)
6.1.2 Global Waterbased Coatings Production by Application (2023-2032)
6.1.3 Global Waterbased Coatings Production Market Share by Application (2017-2032)
6.2 Global Waterbased Coatings Production Value by Application (2017-2032)
6.2.1 Global Waterbased Coatings Production Value by Application (2017-2023)
6.2.2 Global Waterbased Coatings Production Value by Application (2023-2032)
6.2.3 Global Waterbased Coatings Production Value Market Share by Application (2017-2032)
6.3 Global Waterbased Coatings Price by Application (2017-2032)
7 Key Companies Profiled
7.1 BASF
7.1.1 BASF Waterbased Coatings Corporation Information
7.1.2 BASF Waterbased Coatings Product Portfolio
7.1.3 BASF Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.1.4 BASF Main Business and Markets Served
7.1.5 BASF Recent Developments/Updates
7.2 Akzo Nobel
7.2.1 Akzo Nobel Waterbased Coatings Corporation Information
7.2.2 Akzo Nobel Waterbased Coatings Product Portfolio
7.2.3 Akzo Nobel Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Akzo Nobel Main Business and Markets Served
7.2.5 Akzo Nobel Recent Developments/Updates
7.3 Asian Paints
7.3.1 Asian Paints Waterbased Coatings Corporation Information
7.3.2 Asian Paints Waterbased Coatings Product Portfolio
7.3.3 Asian Paints Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Asian Paints Main Business and Markets Served
7.3.5 Asian Paints Recent Developments/Updates
7.4 Kansai Paint
7.4.1 Kansai Paint Waterbased Coatings Corporation Information
7.4.2 Kansai Paint Waterbased Coatings Product Portfolio
7.4.3 Kansai Paint Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Kansai Paint Main Business and Markets Served
7.4.5 Kansai Paint Recent Developments/Updates
7.5 Valspar
7.5.1 Valspar Waterbased Coatings Corporation Information
7.5.2 Valspar Waterbased Coatings Product Portfolio
7.5.3 Valspar Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Valspar Main Business and Markets Served
7.5.5 Valspar Recent Developments/Updates
7.6 Conren
7.6.1 Conren Waterbased Coatings Corporation Information
7.6.2 Conren Waterbased Coatings Product Portfolio
7.6.3 Conren Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Conren Main Business and Markets Served
7.6.5 Conren Recent Developments/Updates
7.7 ICA Group
7.7.1 ICA Group Waterbased Coatings Corporation Information
7.7.2 ICA Group Waterbased Coatings Product Portfolio
7.7.3 ICA Group Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.7.4 ICA Group Main Business and Markets Served
7.7.5 ICA Group Recent Developments/Updates
7.8 Altana
7.8.1 Altana Waterbased Coatings Corporation Information
7.8.2 Altana Waterbased Coatings Product Portfolio
7.8.3 Altana Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.8.4 Altana Main Business and Markets Served
7.7.5 Altana Recent Developments/Updates
7.9 Axalta Coating System
7.9.1 Axalta Coating System Waterbased Coatings Corporation Information
7.9.2 Axalta Coating System Waterbased Coatings Product Portfolio
7.9.3 Axalta Coating System Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Axalta Coating System Main Business and Markets Served
7.9.5 Axalta Coating System Recent Developments/Updates
7.10 PPG Industries
7.10.1 PPG Industries Waterbased Coatings Corporation Information
7.10.2 PPG Industries Waterbased Coatings Product Portfolio
7.10.3 PPG Industries Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.10.4 PPG Industries Main Business and Markets Served
7.10.5 PPG Industries Recent Developments/Updates
7.11 Sherwin-Williams Company
7.11.1 Sherwin-Williams Company Waterbased Coatings Corporation Information
7.11.2 Sherwin-Williams Company Waterbased Coatings Product Portfolio
7.11.3 Sherwin-Williams Company Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.11.4 Sherwin-Williams Company Main Business and Markets Served
7.11.5 Sherwin-Williams Company Recent Developments/Updates
7.12 NIPSEA GROUP
7.12.1 NIPSEA GROUP Waterbased Coatings Corporation Information
7.12.2 NIPSEA GROUP Waterbased Coatings Product Portfolio
7.12.3 NIPSEA GROUP Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.12.4 NIPSEA GROUP Main Business and Markets Served
7.12.5 NIPSEA GROUP Recent Developments/Updates
7.13 Kansai Nerolac Paint.
7.13.1 Kansai Nerolac Paint. Waterbased Coatings Corporation Information
7.13.2 Kansai Nerolac Paint. Waterbased Coatings Product Portfolio
7.13.3 Kansai Nerolac Paint. Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.13.4 Kansai Nerolac Paint. Main Business and Markets Served
7.13.5 Kansai Nerolac Paint. Recent Developments/Updates
7.14 Hebei Chenyang Industry & Trade Group
7.14.1 Hebei Chenyang Industry & Trade Group Waterbased Coatings Corporation Information
7.14.2 Hebei Chenyang Industry & Trade Group Waterbased Coatings Product Portfolio
7.14.3 Hebei Chenyang Industry & Trade Group Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.14.4 Hebei Chenyang Industry & Trade Group Main Business and Markets Served
7.14.5 Hebei Chenyang Industry & Trade Group Recent Developments/Updates
7.15 SKK Pte
7.15.1 SKK Pte Waterbased Coatings Corporation Information
7.15.2 SKK Pte Waterbased Coatings Product Portfolio
7.15.3 SKK Pte Waterbased Coatings Production, Value, Price and Gross Margin (2017-2023)
7.15.4 SKK Pte Main Business and Markets Served
7.15.5 SKK Pte Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Waterbased Coatings Industry Chain Analysis
8.2 Waterbased Coatings Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Waterbased Coatings Production Mode & Process
8.4 Waterbased Coatings Sales and Marketing
8.4.1 Waterbased Coatings Sales Channels
8.4.2 Waterbased Coatings Distributors
8.5 Waterbased Coatings Customers
9 Waterbased Coatings Market Dynamics
9.1 Waterbased Coatings Industry Trends
9.2 Waterbased Coatings Market Drivers
9.3 Waterbased Coatings Market Challenges
9.4 Waterbased Coatings Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

BASF
Akzo Nobel
Asian Paints
Kansai Paint
Valspar
Conren
ICA Group
Altana
Axalta Coating System
PPG Industries
Sherwin-Williams Company
NIPSEA GROUP
Kansai Nerolac Paint.
Hebei Chenyang Industry & Trade Group
SKK Pte

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