May 31, 2021   SOURCE: BusinessWire

Waterborne Coatings Market - Global Outlook and Forecast 2021-2026: Prominent Players are AkzoNobel, PPG Industries, Sherwin Williams, RPM International, Axalta Coating Systems - ResearchAndMarkets.com

The "Waterborne Coatings Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global waterborne coatings market by revenue is expected to grow at a CAGR of over 5% during 2020-2026.

The market is expected to witness traction in 2021 after the decline in 2020 due to the COVID-19 pandemic. The market has been highly affected by the coronavirus breakout due to variations in construction businesses and raw material pricing, production of raw materials, and implementation of lockdowns.

Increasing pricing pressures and shortage of labor in many countries impacted construction and infrastructure development activities. However, the effects are expected to short-term in nature. The APAC market is likely to observe the highest growth due to increasing construction and infrastructure activities during the forecast period. In terms of value, China expects to be the largest contributor due to increased investment in construction, marine, and oil & gas industries, rapid industrialization, and foreign investments.

The industry is shifting toward environmental friendliness with water-borne paint and industrial coating products containing water as the solvent to dissolve resins, making them sustainable and easy-to-apply solutions. Moreover, advances in coating technology and stringent regulations toward VOCs have fueled the adoption of water-borne coatings products.

Global Waterborne Coatings Market Segmentation

The global acrylic waterborne coatings market is likely to grow at a CAGR of approx. 6% during 2020-2026. Stringency in government regulations and environment protection laws expect to increase demand for waterborne acrylic resins. As these resins offer excellent performance and environmental protection, the demand is likely to grow in residential and non-residential applications worldwide. Moreover, recent developments in acrylic resins are likely to boost the application of acrylic water-borne coatings solutions.

The global epoxy-based water-borne coating market is expected to reach over USD 18 billion in 2026. The demand for epoxy-based coatings is likely to come from the industrial and automotive sectors during the forecast period. Epoxy resins witness high application in end-users such as aerospace, race cars, and marine. The growth of epoxy coating solutions in the APAC region is likely to boost as several manufacturers are shifting their operations to the region due to cheap labor and easy raw material availability.

The architectural coatings segment accounts for over 55% of the global water-borne coatings market. Increased investments in infrastructure projects and construction and renovation of residential and commercial buildings are the significant factors driving the demand for architectural coating solutions. Developing countries are expected to lead the growth, with the APAC region expecting to witness the highest investment during the forecast period. Due to the growing population and rapid urbanization, the demand for new houses is growing, driving the market for waterborne coatings.

The global automotive water-borne coating solutions market is expected to reach over USD 9 billion by 2026. The demand for water-borne protective coating solutions from the automotive sector is growing due to their ability to protect vehicles against acid rains, severe weather, and UV radiation.

The global wood-based water-borne coatings market expects to reach over USD 4 billion by 2026. The increased production of wooden artifacts and decorative items triggers the demand for wood coatings. Water-borne wood coatings have several advantages such as robustness, stain resistance, corrosion resistance, and flexibility.

Prominent Vendors

  • AkzoNobel
  • PPG Industries Inc.
  • Sherwin Williams
  • RPM International Inc.
  • Axalta Coating Systems

Other Prominent Vendors

  • Asian Paints Limited
  • Nippon Paint Holdings Limited
  • Masco Corporation
  • Diamond Vogel
  • Sacal Paints
  • DSM
  • DAW SE
  • Berger Paints India Ltd
  • Cabot Corporation
  • Clariant AG
  • Eastman Chemical Company
  • Tikkurila Group
  • Cromology SAS
  • Nuplex Industries Limited
  • SK Kaken Company Limited
  • BASF Coating
  • Benjamin Moore
  • Dunn Edwards
  • Dulux Group
  • H.B. Fuller
  • Teknos
  • Hempel A/S
  • Arkema SA
  • Jotun
  • Tnemec Company Inc.
  • Wacker Chemie AG
  • Kansai Paint
  • KCC Corporation
  • NOROO Paint & Coatings
  • Premium Coatings and Chemicals
  • Fujikura Kasei Company Limited
  • Carpoly Chemical Group
  • Brillux Gmbh

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 Impact Of COVID-19

8 Frequently Asked Questions

8.1 At What Rate Will the Waterborne Coatings Market Grow? What Will Be the Value In 2026?

8.2 What Are the Driving Factors of The Water-Borne Coatings Market?

8.3 Can Water-Borne Coatings Be Used As Protective Coatings?

8.4 What Makes Water-Borne Coatings Different From Solvent-Borne Coatings?

8.5 How Does the Water-Borne Coatings Market Vary Across Different Regions?

8.6 Who Are the Key Players In The Water-Borne Coatings Market?

8.7 What Are the Emerging Applications Of Water-Borne Coatings?

8.8 Are All Water-Borne Basecoats the Same Product?

8.9 What Are The Biggest Restraints Of Water-Borne Coatings?

9 Industry Expert View on Market

10 Market Opportunities & Trends

10.1 Environmental Regulations Boosting The Demand For VOC-FREE Coatings

10.2 Construction and Infrastructure Development

10.3 Increasing Automotive Production

10.4 Rising Home Improvement Activities

11 Market Growth Enablers

11.1 High Growth Potential In Emerging Economies

11.2 Growing Demand From Construction Industry

12 Market Restraints

12.1 Flow And Viscosity Control Problems

12.2 High Cost Of Raw Materials

For more information about this report visit https://www.researchandmarkets.com/r/afwbv0