Water Based Coatings Market – Global Outlook and Forecast 2021-2026: Major Players are AkzoNobel, PPG Industries, Sherwin Williams, RPM International, Axalta Coating Systems – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE)–The “Water Based Coatings Market – Global Outlook and Forecast 2021-2026” the report was added to ResearchAndMarkets.com from offer.
The global water-based coatings market in terms of revenue is expected to grow at a CAGR of over 5% between 2020 and 2026.
The market is expected to experience traction in 2021 after the decline of 2020 due to the COVID-19 pandemic. The market was heavily affected by the coronavirus breakout due to variations in construction activity and commodity prices, commodity production and the implementation of lockdowns.
Growing price pressures and labor shortages in many countries have impacted construction and infrastructure development activities. However, the effects are expected to be short-lived. The APAC market is expected to experience the highest growth owing to the increase in construction and infrastructure activity during the forecast period. In terms of value, China expects to be the main contributor due to increased investment in construction, marine, and oil and gas sectors, rapid industrialization, and foreign investment.
The industry is moving towards being environmentally friendly with water-based paints and industrial coating products that contain water as a solvent to dissolve resins, making them durable and easy to apply solutions. Additionally, advancements in coating technology and stringent VOC regulations have encouraged the adoption of water-based coating products.
Segmentation of the global water-based coatings market
The global water-based acrylic coatings market is expected to grow at a CAGR of approx. 6% during 2020-2026. Strict government regulations and environmental protection laws are expected to increase the demand for water-based acrylic resins. As these resins provide excellent performance and environmental protection, demand is likely to grow in residential and non-residential applications around the world. In addition, recent developments in acrylic resins are likely to stimulate the application of water-based acrylic coating solutions.
The global epoxy water-based coatings market is expected to reach over USD 18 billion in 2026. The demand for epoxy-based coatings is likely to come from the industrial and automotive sectors during the forecast period. Epoxy resins show high application among end users such as aerospace, racing cars and marine. The growth of epoxy coating solutions in the APAC region is likely to accelerate as more manufacturers move their business to the region due to cheap labor and easy availability of raw materials.
The architectural coatings segment represents over 55% of the global waterborne coatings market. The increase in investment in infrastructure projects and the construction and renovation of residential and commercial buildings are the main factors driving the demand for architectural coating solutions. Developing countries are expected to lead the growth, with the APAC region expecting the highest investments during the forecast period. Due to population growth and rapid urbanization, demand for new homes is increasing, which is driving the market for water-based coatings.
The global automotive water-based coating solutions market is expected to reach over $ 9 billion by 2026. The demand for automotive water-based protective coating solutions is increasing due to their ability to protect vehicles against acid rain, inclement weather and inclement weather. The UV radiation.
The global wood-based water-based coatings market is expected to reach over USD 4 billion by 2026. Increasing production of wood artifacts and decorative items is triggering demand for wood coatings. Water-based wood coatings have several advantages such as strength, stain resistance, corrosion resistance and flexibility.
PPG Industries Inc.
RPM International Inc.
Axalta Coating Systems
Other important suppliers
Limited Asian paintings
Nippon Paint Holdings Limited
Berger Paints India Ltd
Eastman Chemical Company
Nuplex Industries Limited
SK Kaken Company Limited
Hempel A / S
Wacker Chemie AG
NOROO paint and coatings
Premium coatings and chemicals
Fujikura Kasei Company Limited
Carpoly Chemical Group
Main topics covered:
1 Research methodology
2 Research objectives
3 Research process
4 Scope and coverage
4.1 Market definition
4.2 Base year
5 Report assumptions and caveats
5.1 Key caveats
5.2 Currency conversion
5.3 Market derivation
6 Market at a glance
7.2 Impact of COVID-19
8 Frequently Asked Questions
8.1 How fast will the water-based coatings market grow? What will be the value in 2026?
8.2 What are the driving factors behind the water-based coatings market?
8.3 Can water-based coatings be used as protective coatings?
8.4 What is the difference between water-based coatings and solvent-based coatings?
8.5 How does the market for water-based coatings vary from region to region?
8.6 Who are the major players in the water based coatings market?
8.7 What are the new applications of water-based coatings?
8.8 Are all water-based basecoats the same product?
8.9 What are the biggest constraints of water-based coatings?
9 Industry expert perspective on the market
10 Market opportunities and trends
10.1 Environmental regulations stimulating demand for VOC-FREE coatings
10.2 Construction and development of infrastructure
10.3 Increase in automotive production
10.4 Increase in home improvement activities
11 market growth factors
11.1 High growth potential in emerging economies
11.2 Growing demand from construction industry
12 Market restrictions
12.1 Flow and viscosity control problems
12.2 High cost of raw materials
For more information on this report, visit https://www.researchandmarkets.com/r/afwbv0