Waterborne Coatings Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

The waterborne coatings market share is expected to increase by USD 14.50 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.04%.

This waterborne coatings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers waterborne coatings market segmentation by product (water-soluble paints, emulsion latex coatings, and water-based alkyd coatings), end-user (architecture, general, automotive, wood, and others), and geography (APAC, Europe, North America, MEA, and South America). The waterborne coatings market report also offers information on several market vendors, including Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Covestro AG, Henkel AG and Co. KGaA, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Sika AG, and The Sherwin-Williams Co. among others.

What will the Waterborne Coatings Market Size be During the Forecast Period?

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Waterborne Coatings Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The advantages offered by waterborne coatings are notably driving the waterborne coatings market growth, although factors such as volatile raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the waterborne coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Waterborne Coatings Market Driver

The advantages offered by waterborne coatings are driving the market growth. Waterborne coating is extensively used in automobiles, oil and gas, aerospace, and medical and healthcare sectors because of its excellent resistance to heat and abrasion, along with providing superior adhesion. Waterborne coatings release fewer organic compounds, are cost-effective in nature, and do not require additives, thinners or hardeners, when used by end-user industries. Owing to such advantages offered by waterborne coatings, there is an increase in its demand from end-user industries and enterprises. 

Key Waterborne Coatings Market Challenge

The volatile raw material prices may impede the growth of the waterborne coatings market during the forecast period. Petrochemical feedstock required for manufacturing most coatings includes binders and solvents, such as polyesters, alcohols, and epoxy resins. Crude oil and natural gas are the basic raw materials used for producing binders. Fluctuations in crude oil prices will have a direct impact on the cost of feedstock. Each petrochemical feedstock has a different correlation with oil prices, which is influenced by factors such as the demand and supply of feedstock, manufacturing process, and the region of production. Volatile prices of petrochemical feedstock will lead to fluctuations in resin prices. 

This waterborne coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Waterborne Coatings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Akzo Nobel NV
• Axalta Coating Systems Ltd.
• BASF SE
• Covestro AG
• Henkel AG and Co. KGaA
• Kansai Paint Co. Ltd.
• Nippon Paint Holdings Co. Ltd.
• PPG Industries Inc.
• Sika AG
• The Sherwin-Williams Co.

This statistical study of the waterborne coatings market encompasses successful business strategies deployed by the key vendors. The waterborne coatings market is fragmented and the vendors are deploying growth strategies such as investing heavily in R&D activities for the development of advanced, environment-friendly products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The waterborne coatings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Waterborne Coatings Market?

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48% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for waterborne coatings in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing production of automobiles and related components will facilitate the waterborne coatings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Waterborne Coatings Market?

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The waterborne coatings market share growth by the water-soluble paints segment will be significant during the forecast period. Water-soluble paints contain alcohol, glycol ethers, and other oxygen-containing solvents which are miscible with water. With the increasing focus on environment-friendly paints and coatings, the demand for water-soluble paints is rising. Key players operating in the global waterborne coatings market invest heavily in R&D to develop durable and high-performance water-soluble paints to coat mainly metal surfaces

This report provides an accurate prediction of the contribution of all the segments to the growth of the waterborne coatings market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Waterborne Coatings Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive waterborne coatings market growth during the next five years
• Precise estimation of the waterborne coatings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the waterborne coatings industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of waterborne coatings market vendors

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