Market Overview:
The global water based alkyd coatings 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 alkyd coatings from various end-use industries, such as automotive, building & construction, furniture manufacturing, home and industrial appliances, and others. In terms of type, the salt forming method segment is expected to lead the global water based alkyd coatings market during the forecast period. This segment is projected to grow at a CAGR of 6.0% during the forecast period from 2018 to 2030. In terms of application, the automotive segment is projected to lead the global water based alkyd coatings market duringthe forecast period.
Product Definition:
Water-based alkyd coatings are formulated with hydrophobic resins and water-soluble driers. Upon evaporation of the water, a cross-linked film is formed. These coatings are important because they provide good corrosion protection, adhesion to a wide range of substrates, and durability.
Salt Forming Method:
The salt forming method is used to form a solid coating from a solution of water and salts. The most commonly used chemicals in the salt forming process are sodium carbonate, calcium carbonate, and potassium carbonate. These three raw materials when mixed together give rise to a vast range of products which can be utilized for producing water based alkyd coatings.
Nonionic Group Method:
The nonionic group method (NGM) is a chemical reaction used for the production of water-soluble alkyd resins. It involves the addition of an organic compound to a hydrophobic part of an oil molecule. The choice between reactive and non-reactive compounds depends on factors such as desired molecular weight, viscosity, rate of addition, temperature and catalyst type.
Application Insights:
Building and construction was the largest application segment in 2017, accounting for over 40% of the global market. The growth is attributed to increasing demand for water based alkyd coatings from various building and construction applications such as residential, non-residential (such as schools) and industrial buildings.
The automotive industry is expected to be one of the fastest growing segments over the forecast period owing to rising product demand in vehicle manufacturing. Water based alkyd coatings are used extensively on aluminum extrusions used in car components such as instrument panels, seat bases, doorframes & sills along with other metal parts that come into contact with a vehicle¢â‚¬â„¢s body fluids.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness a significant growth rate of 5.6% over the forecast period. The region has been witnessing rapid urbanization, which has led to an increase in construction activities across emerging economies such as China, India, Indonesia, Vietnam and Thailand among others.
The growing automotive industry across Asia Pacific countries including China and Japan is expected to be one of the major driving factors for this market over the next eight years.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing awareness about the benefits of water-based coatings over solvent-based coatings
- Rising demand for low VOC (Volatile Organic Compounds) products
- Technological advancements in water-based coating formulations
- Stringent environmental regulations governing the use of solvents in coating applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Based Alkyd Coatings Market Research Report
By Type
Salt Forming Method, Nonionic Group Method, Other
By Application
Automotive, Building & Construction, Furniture manufacturing, Home and Industrial Appliances, Other
By Companies
BASF, Dow, DuPont, Akzo Nobel, Berger Paints, Benjamin Moore, Sherwin Williams, Diamond-Vogel, Sika, Valspar, Wacker Chemie, Kansai Paints, Nippon Paint, PPG, RPM International, Arkema, BEHR, Allnex, Axalta, Yung Chi Paint & Varnish Mfg
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 Based Alkyd Coatings Market Report Segments:
The global Water Based Alkyd Coatings market is segmented on the basis of:
Types
Salt Forming Method, Nonionic Group Method, Other
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
Automotive, Building & Construction, Furniture manufacturing, Home and Industrial Appliances, 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
- Dow
- DuPont
- Akzo Nobel
- Berger Paints
- Benjamin Moore
- Sherwin Williams
- Diamond-Vogel
- Sika
- Valspar
- Wacker Chemie
- Kansai Paints
- Nippon Paint
- PPG
- RPM International
- Arkema
- BEHR
- Allnex
- Axalta
- Yung Chi Paint & Varnish Mfg
Highlights of The Water Based Alkyd 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:
- Salt Forming Method
- Nonionic Group Method
- Other
- By Application:
- Automotive
- Building & Construction
- Furniture manufacturing
- Home and Industrial Appliances
- 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 Alkyd 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 based alkyd coatings are a type of coating that is made from a water and oil mixture. The mixture is then applied to the surface to be coated. The coating will then harden and form a protective layer over the surface.
Some of the major players in the water based alkyd coatings market are BASF, Dow, DuPont, Akzo Nobel, Berger Paints, Benjamin Moore, Sherwin Williams, Diamond-Vogel, Sika, Valspar, Wacker Chemie, Kansai Paints, Nippon Paint, PPG, RPM International, Arkema, BEHR, Allnex, Axalta, Yung Chi Paint & Varnish Mfg.
The water based alkyd coatings market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Market - Supply Chain
4.5. Global Water Based Alkyd Coatings Market Forecast
4.5.1. Water Based Alkyd Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water Based Alkyd Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water Based Alkyd Coatings Market Absolute $ Opportunity
5. Global Water Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Type
5.3.1. Salt Forming Method
5.3.2. Nonionic Group Method
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Building & Construction
6.3.3. Furniture manufacturing
6.3.4. Home and Industrial Appliances
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water Based Alkyd 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 Based Alkyd 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 Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Demand Share Forecast, 2019-2026
9. North America Water Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Building & Construction
9.4.3. Furniture manufacturing
9.4.4. Home and Industrial Appliances
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water Based Alkyd Coatings Market Size and Volume Forecast by Type
9.7.1. Salt Forming Method
9.7.2. Nonionic Group Method
9.7.3. Other
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 Based Alkyd Coatings Demand Share Forecast, 2019-2026
10. Latin America Water Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Building & Construction
10.4.3. Furniture manufacturing
10.4.4. Home and Industrial Appliances
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water Based Alkyd Coatings Market Size and Volume Forecast by Type
10.7.1. Salt Forming Method
10.7.2. Nonionic Group Method
10.7.3. Other
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 Based Alkyd Coatings Demand Share Forecast, 2019-2026
11. Europe Water Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Building & Construction
11.4.3. Furniture manufacturing
11.4.4. Home and Industrial Appliances
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water Based Alkyd Coatings Market Size and Volume Forecast by Type
11.7.1. Salt Forming Method
11.7.2. Nonionic Group Method
11.7.3. Other
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 Based Alkyd Coatings Demand Share, 2019-2026
12. Asia Pacific Water Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Building & Construction
12.4.3. Furniture manufacturing
12.4.4. Home and Industrial Appliances
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water Based Alkyd Coatings Market Size and Volume Forecast by Type
12.7.1. Salt Forming Method
12.7.2. Nonionic Group Method
12.7.3. Other
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 Based Alkyd Coatings Demand Share, 2019-2026
13. Middle East & Africa Water Based Alkyd 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 Based Alkyd 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 Based Alkyd Coatings Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Building & Construction
13.4.3. Furniture manufacturing
13.4.4. Home and Industrial Appliances
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water Based Alkyd Coatings Market Size and Volume Forecast by Type
13.7.1. Salt Forming Method
13.7.2. Nonionic Group Method
13.7.3. Other
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 Based Alkyd Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water Based Alkyd Coatings Market: Market Share Analysis
14.2. Water Based Alkyd Coatings Distributors and Customers
14.3. Water Based Alkyd Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dow
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Akzo Nobel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Berger Paints
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Benjamin Moore
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sherwin Williams
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Diamond-Vogel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sika
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valspar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wacker Chemie
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kansai Paints
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nippon Paint
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. PPG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. RPM International
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Arkema
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BEHR
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Allnex
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Axalta
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Yung Chi Paint & Varnish Mfg
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
