Market Overview:
The global water based coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for water-based coatings from end-use industries, such as building and construction, automotive, and furniture. In terms of volume, the global water based coating market was estimated at 9,584 kilo tons in 2017 and is projected to reach 14,362 kilo tons by 2030. Based on type, the global water based coating market has been segmented into three categories: water soluble paint (WSP), water dilution coatings (WDC), and water dispersion coatings (WDC). WSP held a major share of the overall market in 2017 owing to its properties such as easy application and low VOC emissions. However, WDC is projected to grow at a higher CAGR during the forecast period due its ability to provide superior finish quality as compared with other types of coatings. In terms of application, building held a dominant share of the overall market in 2017 followed by equipment processing and other applications respectively.
Product Definition:
Water-based coatings are aqueous solutions or suspensions of one or more coating components. The most common water-based coatings are acrylic, alkyd, and latex. These types of coatings have several advantages over solvent-based coatings: they are safer to use because the solvents evaporate; they produce little or no VOCs (volatile organic compounds) emissions; and they can be applied with less equipment than solvent-based systems.
Water Soluble Paint:
Water soluble paint is a type of paint that dissolves when it comes in contact with water. It can be used to coat almost all surfaces including wood, metal, plastic and concrete. The paints contain special ingredients which enable the process of dissolution or flocculation when they are in contact with water.
Water Dilution Coating:
Water dilution coating is a process where a high amount of water is used as an additive to the base coat. The purpose of this process is to reduce the concentration of solvents in the coating and make it less toxic. This also reduces VOC emissions during application and drying operations, thus making it suitable for use in water-based coatings.
Application Insights:
Building was the largest application segment in 2017 and is expected to witness growth over the forecast period. The growing construction industry across various regions is anticipated to boost product demand in this application. Other applications include transportation equipment processing, industrial machinery & equipment cleaning, and other industrial applications such as metal working, paper coating & laminating. Increasing demand for water based coatings from various industries including food & beverage processing plants on dairy products like cheese and yogurt containers are expected to drive the global market over the forecast period.
The Asia Pacific region is estimated to register a significant CAGR of XX% from 2018 to 2030 owing to increasing infrastructure development activities coupled with rising population along with other factors driving consumption of coatings used in building & construction activities such as rapid urbanization along with increasing disposable income levels which further fuels economic growth thereby supporting industry expansion over the projected time frame.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for more than 45% of global water based coatings consumption. Rapid industrialization, growth of end-use industries including building & construction, transportation and machinery coupled with rising disposable income levels are some major factors responsible for high demand in this region.
Europe accounted for a significant share of global industry volume owing to growing demand from several key countries such as Germany, France and Italy which forms a large part of the architectural sector in Europe. In addition, increasing use on account of technological advancements is anticipated to drive product demand over the forecast period.
Growth Factors:
- Increasing demand from the end-use industries such as construction, automotive and furniture owing to the properties of water based coatings such as durability, corrosion resistance and low toxicity.
- Rising awareness about the benefits of using water based coatings over solvent based coatings among consumers due to environmental concerns over VOC emissions from solvent based coatings.
- Technological advancements in manufacturing processes that have resulted in development of more efficient and user-friendly waterbased coating products.
- Growing popularity of green building practices that promote use of environmentally friendly products such as waterbased coatings, which helps reduce greenhouse gas emissions .
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Based Coating Market Research Report
By Type
Water Soluble Paint, Water Dilution Coating, Water Dispersion Coatings
By Application
Building, Equipment Processing, Other
By Companies
BASF Intermediates, AkzoNobel, PPG Industries, RPM International, Sherwin-Williams, Axalta, Nippon Paint, ICA Group, Coatings & Adhesives Corporation, ACTEGA Terra GmbH, DowDuPont, Gellner Industrial, Aqua Based Technologies, Target Coatings, Valspar, Cameleon Coatings
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Water Based Coating Market Report Segments:
The global Water Based Coating market is segmented on the basis of:
Types
Water Soluble Paint, Water Dilution Coating, Water Dispersion Coatings
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, Equipment Processing, Other
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 Intermediates
- AkzoNobel
- PPG Industries
- RPM International
- Sherwin-Williams
- Axalta
- Nippon Paint
- ICA Group
- Coatings & Adhesives Corporation
- ACTEGA Terra GmbH
- DowDuPont
- Gellner Industrial
- Aqua Based Technologies
- Target Coatings
- Valspar
- Cameleon Coatings
Highlights of The Water Based Coating 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:
- Water Soluble Paint
- Water Dilution Coating
- Water Dispersion Coatings
- By Application:
- Building
- Equipment Processing
- Other
- 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 Based Coating 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
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- Consumer Insights
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- Product & Brand Management
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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 based coatings are a type of coating that is made up of water and a polymer. The polymer helps the water based coating to adhere to the surface it is being applied to.
Some of the major companies in the water based coating market are BASF Intermediates, AkzoNobel, PPG Industries, RPM International, Sherwin-Williams, Axalta, Nippon Paint, ICA Group, Coatings & Adhesives Corporation, ACTEGA Terra GmbH, DowDuPont, Gellner Industrial, Aqua Based Technologies, Target Coatings, Valspar, Cameleon Coatings.
The water based coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Water Based Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Water Based Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Water Based Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Water Based Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Water Based Coating Market Size & Forecast, 2018-2028
4.5.1 Water Based Coating Market Size and Y-o-Y Growth
4.5.2 Water Based Coating Market Absolute $ Opportunity
Chapter 5 Global Water Based Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Water Based Coating Market Size Forecast by Type
5.2.1 Water Soluble Paint
5.2.2 Water Dilution Coating
5.2.3 Water Dispersion Coatings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Water Based Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Water Based Coating Market Size Forecast by Applications
6.2.1 Building
6.2.2 Equipment Processing
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Based Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Water Based Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Water Based Coating Analysis and Forecast
9.1 Introduction
9.2 North America Water Based Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Water Based Coating Market Size Forecast by Type
9.6.1 Water Soluble Paint
9.6.2 Water Dilution Coating
9.6.3 Water Dispersion Coatings
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Water Based Coating Market Size Forecast by Applications
9.10.1 Building
9.10.2 Equipment Processing
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Water Based Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Water Based Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Water Based Coating Market Size Forecast by Type
10.6.1 Water Soluble Paint
10.6.2 Water Dilution Coating
10.6.3 Water Dispersion Coatings
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Water Based Coating Market Size Forecast by Applications
10.10.1 Building
10.10.2 Equipment Processing
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Water Based Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Water Based Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Water Based Coating Market Size Forecast by Type
11.6.1 Water Soluble Paint
11.6.2 Water Dilution Coating
11.6.3 Water Dispersion Coatings
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Water Based Coating Market Size Forecast by Applications
11.10.1 Building
11.10.2 Equipment Processing
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Water Based Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Water Based Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Water Based Coating Market Size Forecast by Type
12.6.1 Water Soluble Paint
12.6.2 Water Dilution Coating
12.6.3 Water Dispersion Coatings
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Water Based Coating Market Size Forecast by Applications
12.10.1 Building
12.10.2 Equipment Processing
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Water Based Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Water Based Coating Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Water Based Coating Market Size Forecast by Type
13.6.1 Water Soluble Paint
13.6.2 Water Dilution Coating
13.6.3 Water Dispersion Coatings
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Water Based Coating Market Size Forecast by Applications
13.10.1 Building
13.10.2 Equipment Processing
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Water Based Coating Market: Competitive Dashboard
14.2 Global Water Based Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF Intermediates
14.3.2 AkzoNobel
14.3.3 PPG Industries
14.3.4 RPM International
14.3.5 Sherwin-Williams
14.3.6 Axalta
14.3.7 Nippon Paint
14.3.8 ICA Group
14.3.9 Coatings & Adhesives Corporation
14.3.10 ACTEGA Terra GmbH
14.3.11 DowDuPont
14.3.12 Gellner Industrial
14.3.13 Aqua Based Technologies
14.3.14 Target Coatings
14.3.15 Valspar
14.3.16 Cameleon Coatings
