Global Waterbased Coatings Market: Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Waterbased Coatings Market :
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Global Waterbased Coating
Market: Overview
Water-based coatings are a type
of coating which use water as a solvent. Water is employed as a
dispersal agent for resins to make them eco-friendly and easy to use.
Water constitutes more than 75% of the coatings with traces of other
solvents like glycol ethers. Rising architectural activities and
stringent government regulation related to VOC content are the major
drivers that drives the growth of water-based coatings market. Asia
Pacific dominates the water-based coatings market in terms of demand.
Countries such as China, India are expected to be the key consumers
of water-based coatings. Volatility in raw material prices and
susceptibility to environmental conditions is anticipated to hamper
the market growth.
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Acrylic
water-based coatings is anticipated to be the major segment during
the forecast period, however polyurethane water-based coatings is
expected to grow at highest CAGR compare to other resins type. In
terms of end-use, building & construction is projected to be the
major segment for water-based coatings. Automotive segment is also
second most lucrative segment for water-based coatings market.
Increasing awareness and stringent government regulations related to
VOCs content related to coatings is estimated to offer major
opportunities to the water-based coatings market in the next few
years.
Global Waterbased Coating
Market: Scope of the Study
This
report analyzes and forecasts the market for Water-based coatings
market at the global and regional level. The market has been forecast
based on volume (Kilo tons) and revenue (US$ Mn) from 2016 to 2024,
considering 2015 as the base year. The study includes drivers and
restraints of the global water-based coatings market. It also covers
impact of these drivers and restraints on demand for water-based
coatings market during the forecast period. The report also
highlights opportunities in the water-based coatings market at the
global and regional level.
The
report includes detailed value chain analysis, which provides a
comprehensive view of the global water-based coatings market.
Porter’s Five Forces model for the water-based coatings market has
also been included to help understand the competitive landscape in
the market. The study encompasses market attractiveness analysis,
where in resins and end-users are benchmarked based on their market
size, growth rate, and general attractiveness.
Global
Waterbased Coating Market: Segmentation
The
study provides a decisive view of the global water-based coatings
market by segmenting it in terms of resins and end-users. In terms of
resins water-based coatings is classified as acrylic, formaldehyde,
polyurethane, alkyds, epoxy and others (including fluoro-polymers
etc.). Acrylic water-based coatings is further segmented into Styrene
acrylic. Further segmentation is based on End-users such as building
& construction, automotive, furniture, electronics, marine, paper
& printing and others (includes aerospace etc.). Automotive is
further segmented into automotive OEM and automotive refinish for
analysis. These segments have been analyzed based on present and
future trends. Regional segmentation includes current and forecast
demand for Water-based coatings in North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa.
The
report provides the actual market size of water-based coatings for
2015 and estimated market size for 2016 with forecast for the next
eight years. The global market of water-based coatings has been
provided in terms volume and revenue. Market volume has been defined
in Kilo tons and revenue in US$ Mn. Market numbers have been
estimated based on resins and end-users of water-based coatings.
Market volume and size have been provided in terms of global,
regional, and country level markets.
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Global Waterbased Coating
Market: Research Methodology
In order to compile the
research report, we conducted in-depth interviews and discussions
with a number of key industry participants and opinion leaders.
Primary research represented the bulk of research efforts,
supplemented by extensive secondary research. We reviewed key
players’ product literature, annual reports, press releases, and
relevant documents for competitive analysis and market understanding.
Secondary research includes a search of recent trade, technical
writing, Internet sources, magazines and statistical data from
government websites, trade associations, and agencies. This has
proven to be the most reliable, effective, and successful approach
for obtaining precise market data, capturing industry participants’
insights, and recognizing business opportunities.
Secondary research sources that
are typically referred to include, but are not limited to company
websites, annual reports, financial reports, broker reports, investor
presentations, SEC filings, European Coatings World, and external
proprietary databases, and relevant patent and regulatory databases
such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national
government documents, statistical databases, trade journals, market
reports, news articles, press releases, and webcasts specific to
companies operating in the market.
We conduct primary interviews
on an ongoing basis with industry participants and commentators to
validate data and analysis. These help validate and strengthen
secondary research findings. These also help develop the analysis
team’s expertise and market understanding.
Companies Mentioned in the
Report
The report comprises profiles
of major companies operating in the global Water-based coatings
market. Key players in the Water-based coatings market are BASF SE,
Akzo Nobel N.V., Asian Paints, Axalta Coating Systems Ltd., Altana
AG, Conren, ICA group, Schmid Rhyner AG, PPG Industries Inc., The
Valspar Corporation, Sherwin-Williams, Kansai, NIPSEA Group, and
Hebei Chenyang Industry & Trade Group Co., Ltd. Market players
have been profiled in terms of attributes such as company overview,
financial overview, business strategies, and recent developments.
The global water-based
coatings market has been segmented as follows:
Water-based Coatings Market
– Resins Analysis
Acrylic
Styrene Acrylic
Formaldehyde
Polyurethane
Epoxy
Alkyds
Others (fluoro-polymers
etc.)
Water-based Coatings -
End-use Analysis
Building & Construction
Automotive
Automotive OEM
Automotive refinish
Furniture
Electronics
Marine
Paper & Printing
Others (Aerospace etc.)
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