Water-Based Coatings Market - Technology, Applications, Growth and Forecast 2023Posted by Avinash on February 18th, 2021 Market Overview: Water-Based Coatings are used in various end-use industries such as building & construction, automotive, electronics, marine, paper & packaging, and others. Furthermore, use of this coating in waterproofing, crack filling, plaster additive, screed compound, and others in the construction sector drive the Global Water-Based Coatings Market. The increasing demand for better quality automobiles with superior qualities such as durability and anti-corrosion is another major driver of the market. Moreover, growing demand for these coatings from electronics industries to protect circuitry system from moisture, chemicals, and dust particles is likely to propel the market growth. The other significant drivers include marine and paper & packaging industries are projected to offer substantial growth avenues for the Global Water-Based Coatings Market in the coming years. The water-soluble paints is the leading segment due to its superior properties such as gloss retention, high corrosion resistance, and good pigment wetting & stability. The acrylic Water-Based Coatings are leading the market growth as require less time to dry as compared to other coatings. Water-Based Coatings use water as a solvent for dispersion of pigments. Thus, it is environment friendly. Water-Based Coatings contain 80% of water and other solvents such as glycol ethers. Water-Based Coatings offer low toxicity and flammability due to the low VOC and HAP emissions. Competitive Analysis: Some of the Prominent Manufacturers in the Global Water-Based Coatings Market are AkzoNobel N.V. (Netherlands), Axalta Coating Systems (U.S.), BASF SE (Germany), Berger Paints India Limited (India), Kansai Paint Co.,Ltd. (Japan), Nippon Paint Company Limited (Japan), PPG Industries Inc. (U.S.), Rpm International Inc. (U.S.), The Sherwin-Williams Company (U.S.), asian paints (India), The Valspar Corporation (U.S.), Tikkurila Oyj (Finland), Chenyang Waterborne Paint (China), Jotun (Norway), and Sika AG (Switzerland). Market Segmentation: Global Water-Based Coatings Market is segmented on the basis of the product Type, Resin Type, End-Use Industries, and Region. On the basis of the Product Type, Global Water-Based Coatings Market is categorized into water-soluble paints, colloidal coatings, emulsions/latex paints, and water-based alkyds. Based on the Resin Type, Global Water-Based Coatings Market is segregated as acrylic, formaldehyde, polyurethane, alkyds, epoxy, and others. The End-User Industries is further segmented into building & construction, automotive, electronics, marine, paper & packaging, and others. Access Report Details @ https://www.marketresearchfuture.com/reports/water-based-coatings-market-5742 Regional Analysis: Global Water-Based Coatings Market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia Pacific is expected to lead the Global Water-Based Coatings Market owing to the growing demand from the construction and automotive sector. The high demand for efficient electronics along with high income and changing lifestyle is another major driver of the market in this region. The North American market is majorly driven by the high demand for waterborne coatings from various end-use industries such as construction, automotive, and electronics. Europe is another major region in the Global Water-Based Coating Market on account of the developing infrastructure and automotive industries, especially in Western Europe. Latin America and the Middle East & Africa are anticipated to showcase a significant growth owing to the increasing demand for automotive and infrastructural activities respectively. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Like it? Share it! More by this author |