Market Overview:
The global water based enamels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for water based enamels from the construction, automotive, furniture, and ancillaries industries. In terms of type, the polyurethane segment is expected to lead the global water based enamels market during the forecast period. This segment is projected to grow at a CAGR of 6% during the forecast period. In terms of application, construction is expected to be one of the key segments for water based enamels duringthe forecast period.
Product Definition:
Water based enamels are a type of paint that is made to be used on metal. They are important because they can be used to create a protective coating over the metal, and they can also be used to decorate it.
Polyurethane:
Polyurethane (PU) is a polymer, which is extensively used in water-based enamels on account of its properties such as high thermal stability, excellent chemical resistance and good mechanical strength. It has applications in various end-use industries including automotive & transportation, building & construction and consumer goods.
Styrene Butadiene:
Styrene-butadiene (SBR) is a synthetic rubber-like material that is used in the formulation of water based enamels. It has styrene as its major component and butadiene as an essential minor component. The product was developed by Goodyear Rubber & Plastics Company in 1955, for use as a vulcanized rubber additive to improve the flexibility and resilience of tires produced by their tire manufacturing plant at Godfrey, Illinois, U.S.
Application Insights:
The construction application segment led the global water based enamels market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing urbanization, which leads to increased construction activities resulting in rising demand for paints.
The automotive sector also exhibits promising growth prospects for the global WBE industry owing to rising environmental concerns regarding vehicle emissions coupled with growing awareness about fuel efficiency and reduced pollution levels. Increasing use of polyurethane products as they offer high glossiness along with excellent adhesion properties has been driving product demand in this sector over recent years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities, coupled with increasing automobile production in China and India. In addition, rapid industrialization along with growing consumer disposable income levels will drive product demand further.
Europe was the second-largest market for water based enamels in 2017 owing to high automotive production levels in Germany, France and Italy.
Growth Factors:
- Increasing demand from the automotive industry for water based enamels as a coating material.
- Growing popularity of water based enamels among consumers due to their environmental friendly nature and low toxicity levels.
- Rising demand for decorative coatings in the construction industry that use water based enamels as a preferred coating material over solvent-based alternatives.
- Increasing R&D investments by players in the market to develop new and innovative products that can cater to specific end-user needs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Based Enamels Market Research Report
By Type
Polyurethane, Styrene Butadiene, Acrylic
By Application
Construction, Automotive, Furniture, Ancillaries, Others
By Companies
Nippon Paint, PPG Industries, AkzoNobel, Asian Paints, BASF, Solvay, DowDupont, Taubmans, Sherwin-Williams, Noroo Paint & Coatings, Nippon Paint
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Water Based Enamels Market Report Segments:
The global Water Based Enamels market is segmented on the basis of:
Types
Polyurethane, Styrene Butadiene, Acrylic
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
Construction, Automotive, Furniture, Ancillaries, Others
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:
- Nippon Paint
- PPG Industries
- AkzoNobel
- Asian Paints
- BASF
- Solvay
- DowDupont
- Taubmans
- Sherwin-Williams
- Noroo Paint & Coatings
- Nippon Paint
Highlights of The Water Based Enamels 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:
- Polyurethane
- Styrene Butadiene
- Acrylic
- By Application:
- Construction
- Automotive
- Furniture
- Ancillaries
- Others
- 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 Enamels 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 based enamels are a type of paint that is made up of water and pigment. They are typically used on a variety of surfaces, including wood, metal, plastic, and paper.
Some of the key players operating in the water based enamels market are Nippon Paint, PPG Industries, AkzoNobel, Asian Paints, BASF, Solvay, DowDupont, Taubmans, Sherwin-Williams, Noroo Paint & Coatings, Nippon Paint.
The water based enamels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Water Based Enamels 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 Enamels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Water Based Enamels 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 Enamels 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 Enamels Market Size & Forecast, 2018-2028
4.5.1 Water Based Enamels Market Size and Y-o-Y Growth
4.5.2 Water Based Enamels Market Absolute $ Opportunity
Chapter 5 Global Water Based Enamels 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 Enamels Market Size Forecast by Type
5.2.1 Polyurethane
5.2.2 Styrene Butadiene
5.2.3 Acrylic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Water Based Enamels 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 Enamels Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive
6.2.3 Furniture
6.2.4 Ancillaries
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Based Enamels 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 Enamels 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 Enamels Analysis and Forecast
9.1 Introduction
9.2 North America Water Based Enamels 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 Enamels Market Size Forecast by Type
9.6.1 Polyurethane
9.6.2 Styrene Butadiene
9.6.3 Acrylic
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 Enamels Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive
9.10.3 Furniture
9.10.4 Ancillaries
9.10.5 Others
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 Enamels Analysis and Forecast
10.1 Introduction
10.2 Europe Water Based Enamels 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 Enamels Market Size Forecast by Type
10.6.1 Polyurethane
10.6.2 Styrene Butadiene
10.6.3 Acrylic
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 Enamels Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive
10.10.3 Furniture
10.10.4 Ancillaries
10.10.5 Others
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 Enamels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Water Based Enamels 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 Enamels Market Size Forecast by Type
11.6.1 Polyurethane
11.6.2 Styrene Butadiene
11.6.3 Acrylic
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 Enamels Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive
11.10.3 Furniture
11.10.4 Ancillaries
11.10.5 Others
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 Enamels Analysis and Forecast
12.1 Introduction
12.2 Latin America Water Based Enamels 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 Enamels Market Size Forecast by Type
12.6.1 Polyurethane
12.6.2 Styrene Butadiene
12.6.3 Acrylic
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 Enamels Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive
12.10.3 Furniture
12.10.4 Ancillaries
12.10.5 Others
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 Enamels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Water Based Enamels 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 Enamels Market Size Forecast by Type
13.6.1 Polyurethane
13.6.2 Styrene Butadiene
13.6.3 Acrylic
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 Enamels Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive
13.10.3 Furniture
13.10.4 Ancillaries
13.10.5 Others
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 Enamels Market: Competitive Dashboard
14.2 Global Water Based Enamels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Paint
14.3.2 PPG Industries
14.3.3 AkzoNobel
14.3.4 Asian Paints
14.3.5 BASF
14.3.6 Solvay
14.3.7 DowDupont
14.3.8 Taubmans
14.3.9 Sherwin-Williams
14.3.10 Noroo Paint & Coatings
14.3.11 Nippon Paint
