The global water soluble coatings market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for water-based coatings in various industries such as building and construction, automotive, furniture, electronics, marine and aerospace. Water-based coatings are preferred over solvent-based ones due to their eco-friendly nature and low VOC content which makes them safer for human health and environment. Formaldehyde was the largest type segment in 2018 with a share of 39%. Polyurethane was the second largest type segment with a share of 27%. Alkyds had a share of 18%, epoxy had a share of 12%, fluoropolymers had a share of 5% and other types accounted for 8%. Building & Construction was the largest application segment in 2018 with a share of 36%. Automotive was the second largest application segment with a share of 25%. Furniture accounted for 17%, electronics accounted for 14%, marine accounted for 10% and aerospace accounted for 7%. North America led regional markets in 2018 with an estimated revenue contribution close to USD 1 billion followed by Europe (USD 607 million), Asia Pacific (USD 514 million) and Latin America (USD 437 million). The increased use of these products will drive growth in this market over the forecast period owing to their low VOC content that makes them more environment friendly than solvent based paint products that emit harmful chemicals into air during application or drying process.
- The global water-soluble coatings market is expected to grow at a CAGR of 4.5% from 2017 to 2025.
- The growth of the global water-soluble coatings market is driven by the increasing demand for water-based paints and coatings in various industries such as construction, automotive, and furniture & fixtures due to their eco-friendly nature and low VOC content.
- Increasing demand for sustainable products has led to an increase in the use of water-based paints and coatings which are considered environmentally friendly as they do not emit volatile organic compounds (VOCs) into the atmosphere during application or drying process unlike solvent based paints which emit harmful chemicals into the air during application or drying process.
Industry Growth Insights published a new data on “Water-Soluble Coatings Market”. The research report is titled “Water-Soluble Coatings Market research by Types (Formaldehyde, Polyurethane, Alkyds, Epoxy, Fluoropolymers), By Applications (Building and Construction, Automotive, Furniture, Electronics, Marine, Aerospace, Paper and Printing), By Players/Companies BASF SE, Akzo Nobel N.V., SKK Pte, Asian Paints, Kansai Paint, The Valspar, Conren, ICA Group, Altana, Axalta Coating Systems, PPG Industries, Sherwin-Williams, NIPSEA GROUP, Kansai Nerolac Paints”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Water-Soluble Coatings Market Research Report
By Type
Formaldehyde, Polyurethane, Alkyds, Epoxy, Fluoropolymers
By Application
Building and Construction, Automotive, Furniture, Electronics, Marine, Aerospace, Paper and Printing
By Companies
BASF SE, Akzo Nobel N.V., SKK Pte, Asian Paints, Kansai Paint, The Valspar, Conren, ICA Group, Altana, Axalta Coating Systems, PPG Industries, Sherwin-Williams, NIPSEA GROUP, Kansai Nerolac Paints
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Water-Soluble Coatings Market Report Segments:
The global Water-Soluble Coatings market is segmented on the basis of:
Types
Formaldehyde, Polyurethane, Alkyds, Epoxy, Fluoropolymers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building and Construction, Automotive, Furniture, Electronics, Marine, Aerospace, Paper and Printing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- Akzo Nobel N.V.
- SKK Pte
- Asian Paints
- Kansai Paint
- The Valspar
- Conren
- ICA Group
- Altana
- Axalta Coating Systems
- PPG Industries
- Sherwin-Williams
- NIPSEA GROUP
- Kansai Nerolac Paints
Highlights of The Water-Soluble Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Formaldehyde
- Polyurethane
- Alkyds
- Epoxy
- Fluoropolymers
- By Application:
- Building and Construction
- Automotive
- Furniture
- Electronics
- Marine
- Aerospace
- Paper and Printing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Water-Soluble Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Water-soluble coatings are coatings that can be washed off with water. This is important because it allows the coating to be applied to a surface and then removed without leaving any residue or damage.
Some of the key players operating in the water-soluble coatings market are BASF SE, Akzo Nobel N.V., SKK Pte, Asian Paints, Kansai Paint, The Valspar, Conren, ICA Group, Altana, Axalta Coating Systems, PPG Industries, Sherwin-Williams, NIPSEA GROUP, Kansai Nerolac Paints.
The water-soluble coatings market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water-Soluble Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Water-Soluble Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water-Soluble Coatings Market - Supply Chain
4.5. Global Water-Soluble Coatings Market Forecast
4.5.1. Water-Soluble Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water-Soluble Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water-Soluble Coatings Market Absolute $ Opportunity
5. Global Water-Soluble Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Water-Soluble Coatings Market Size and Volume Forecast by Type
5.3.1. Formaldehyde
5.3.2. Polyurethane
5.3.3. Alkyds
5.3.4. Epoxy
5.3.5. Fluoropolymers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water-Soluble Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Water-Soluble Coatings Market Size and Volume Forecast by Application
6.3.1. Building and Construction
6.3.2. Automotive
6.3.3. Furniture
6.3.4. Electronics
6.3.5. Marine
6.3.6. Aerospace
6.3.7. Paper and Printing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water-Soluble Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Water-Soluble Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Water-Soluble Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Water-Soluble Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Water-Soluble Coatings Demand Share Forecast, 2019-2026
9. North America Water-Soluble Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Water-Soluble Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Water-Soluble Coatings Market Size and Volume Forecast by Application
9.4.1. Building and Construction
9.4.2. Automotive
9.4.3. Furniture
9.4.4. Electronics
9.4.5. Marine
9.4.6. Aerospace
9.4.7. Paper and Printing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water-Soluble Coatings Market Size and Volume Forecast by Type
9.7.1. Formaldehyde
9.7.2. Polyurethane
9.7.3. Alkyds
9.7.4. Epoxy
9.7.5. Fluoropolymers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Water-Soluble Coatings Demand Share Forecast, 2019-2026
10. Latin America Water-Soluble Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Water-Soluble Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Water-Soluble Coatings Market Size and Volume Forecast by Application
10.4.1. Building and Construction
10.4.2. Automotive
10.4.3. Furniture
10.4.4. Electronics
10.4.5. Marine
10.4.6. Aerospace
10.4.7. Paper and Printing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water-Soluble Coatings Market Size and Volume Forecast by Type
10.7.1. Formaldehyde
10.7.2. Polyurethane
10.7.3. Alkyds
10.7.4. Epoxy
10.7.5. Fluoropolymers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Water-Soluble Coatings Demand Share Forecast, 2019-2026
11. Europe Water-Soluble Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Water-Soluble Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Water-Soluble Coatings Market Size and Volume Forecast by Application
11.4.1. Building and Construction
11.4.2. Automotive
11.4.3. Furniture
11.4.4. Electronics
11.4.5. Marine
11.4.6. Aerospace
11.4.7. Paper and Printing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water-Soluble Coatings Market Size and Volume Forecast by Type
11.7.1. Formaldehyde
11.7.2. Polyurethane
11.7.3. Alkyds
11.7.4. Epoxy
11.7.5. Fluoropolymers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Water-Soluble Coatings Demand Share, 2019-2026
12. Asia Pacific Water-Soluble Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Water-Soluble Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Water-Soluble Coatings Market Size and Volume Forecast by Application
12.4.1. Building and Construction
12.4.2. Automotive
12.4.3. Furniture
12.4.4. Electronics
12.4.5. Marine
12.4.6. Aerospace
12.4.7. Paper and Printing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water-Soluble Coatings Market Size and Volume Forecast by Type
12.7.1. Formaldehyde
12.7.2. Polyurethane
12.7.3. Alkyds
12.7.4. Epoxy
12.7.5. Fluoropolymers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Water-Soluble Coatings Demand Share, 2019-2026
13. Middle East & Africa Water-Soluble Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Water-Soluble Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Water-Soluble Coatings Market Size and Volume Forecast by Application
13.4.1. Building and Construction
13.4.2. Automotive
13.4.3. Furniture
13.4.4. Electronics
13.4.5. Marine
13.4.6. Aerospace
13.4.7. Paper and Printing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water-Soluble Coatings Market Size and Volume Forecast by Type
13.7.1. Formaldehyde
13.7.2. Polyurethane
13.7.3. Alkyds
13.7.4. Epoxy
13.7.5. Fluoropolymers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Water-Soluble Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water-Soluble Coatings Market: Market Share Analysis
14.2. Water-Soluble Coatings Distributors and Customers
14.3. Water-Soluble Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Akzo Nobel N.V.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SKK Pte
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Asian Paints
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kansai Paint
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The Valspar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Conren
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ICA Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Altana
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Axalta Coating Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PPG Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sherwin-Williams
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NIPSEA GROUP
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kansai Nerolac Paints
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook