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Waterborne Coatings Market Enhance Growth Of $82.9 Billion By 2025: Grand View Research, Inc.

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Waterborne Coatings Market Enhance Growth Of $82.9 Billion By 2025: Grand View Research, Inc.

August 19
08:38 2019
Waterborne Coatings Market Enhance Growth Of $82.9 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Waterborne coatings have gained a significant space and recognition globally predominantly due to the improving economic conditions and low environment impact of these coatings.

According to a report,“Waterborne Coatings Market Size, Share & Trends Analysis Report, By Resin (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF, Others), By Application, By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global waterborne coatings market is projected to reach USD 82.9 billion by 2025, The market is projected to expand at CAGR of 5.7% over the forecast period.

The prices of raw materials used in manufacturing waterborne coatings are expected to have a significant impact on the production cost of the final product. The demand for these raw materials from other application industries is expected to impact their availability for manufacturing waterborne coatings.

Increasing construction spending and requirement for improved infrastructure, particularly in Asia Pacific, is expected to drive waterborne coatings market over the forecast period. The share of construction spending is expected to shift from developed regions of North America and Europe to developing regions of Asia Pacific.

Increase in production capacities and launch of new automobile models is expected to remain a key driving factor for waterborne coatings market in automobile applications. Growing automotive industry in emerging markets of Asia Pacific, Central & South America, and the Middle East & Africa is expected to be another major factor driving waterborne coatings market.

Automotive OEM application segment is expected to grow at the highest rate over the forecast period. Increasing middle-class income level coupled with rising living standard in emerging economies of Asia Pacific and Central & South America is projected to fuel the automotive sales. Low-cost of production of waterborne coatings coupled with longer shelf life is expected to drive the demand for these coatings in this application segment.

Stringent government regulations to lower VOC content in paints & coatings is expected to drive the demand for waterborne coatings in the North American market. Countries in this region such as U.S., Canada and Mexico are witnessing an increase in government stimulus packages after the global economic recession that hit the region. Factors such as rising employment rates and improvement in consumer confidence are expected to drive North America waterborne coatings demand over the forecast period.

Key Takeaways from the report:

  • In terms of volume, the global revenue for architectural application is anticipated to reach USD 21.70 billion by 2025, growing at a CAGR of 4.4% from 2018 to 2025

  • Acrylic resin dominated the market in terms of revenue, with a market share of over 83.07% in 2017 and is expected to continue its dominance over the forecast period.

  • Some of the key companies present in the market include AkzoNobel N.V., BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd.; Kansai Paint Co., Ltd; Nippon Paint Holdings Company Ltd; and PPG Industries, Inc. among various others players.

U.S. waterborne coatings market size, by resin, 2014 - 2025 (USD Billion)

Browse More Reports in Paints, Coatings & Printing Inks Industry:

  • Paint Protection Film Market – Strong product demand for paint protection in vehicles, electronic gadgets, aircraft, boats, and ships has stimulated the growth. 
  • Traffic Road Marking Coatings Market – Increasing spending on infrastructure development for constructing new highways and focus on repair & maintenance operations are expected to be the key driving factors for the global market.

Global waterborne coatings market share, by application, 2017 (%)

 

Regional Insights

Europe represented the largest market for waterborne coatings in 2017. Growth in construction market led by the recovery post-recession is expected to drive market in Europe. Germany’s regulatory body which includes Technische Anleitung (TA) Luft coupled UK’s Environmental Protection Act provides the guideline for lowering VOC content in paints & coatings. This factor is expected to increase the demand for the product by replacing solvent-borne coatings used in construction activities in the region

Asia Pacific held the second largest share of the market in 2017. Shift of major automobile manufactures in Asia Pacific countries such as China, India and Indonesia is also expected to increase the demand. This factor is expected to drive demand from Asia Pacific. Emergence of new industries in Asia Pacific owing to low labor cost and government tax incentives is expected to drive the growth in the region

Waterborne Coatings Market Share Insights
The global market is fragmented in nature with the presence of many key players, such as AkzoNobel N.V., BASF SE, and Axalta Coating Systems LLC among a few others, as well as a few medium and small regional players operating in various parts of the globe.

The competition is primarily driven by the application scope and use of the product in a variety of application industries. The rapid growth of construction and automotive industries, most notably in the emerging economies of Europe, Asia Pacific, and Central & South America, offers various growth opportunities for the manufacturers of these coatings and related raw materials to expand their product portfolios and market reach.

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
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Website: www.grandviewresearch.com/industry-analysis/waterborne-coatings-market