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Waterborne Coatings Market Is Expected To Reach USD 109.39 Billion By 2029 At A CAGR Of 3.8 Percent.
Maximize Market Research has published a report on the Waterborne Coatings Market that provides a detailed analysis for the forecast period of 2022 to 2029. According to the report, Waterborne Coatings Market is estimated to grow at a CAGR of 3.8 percent over the forecast period 2022 to 2029, reaching nearly USD 109.39 Billion by 2029. Waterborne Coatings Market size was valued at USD 81.17 Billion in 2021.
The Waterborne Coatings report provides a quantitative and qualitative analysis of the total market size, market size by different segments, market drivers, restraints, trends, and estimations to identify the prevailing opportunities in the Waterborne Coatings market. PORTER’s five forces analysis shows the ability of buyers and suppliers to make profit-oriented strategic decisions and build their supplier-buyer network. The report also includes the factors that are supposed to affect the business positively or negatively and will give a clear futuristic view of the industry to the decision-makers.
The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Our team of analysts can also provide you with data in excel files and pivot tables or can assist you in creating presentations from the data sets available in the report.
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Waterborne resin advancements are reshaping the coatings sector. Coatings are mostly composed of one or more solvents. The paint components are dissolved by solvents, resulting in a sprayable liquid. After being applied to a component, the solvent evaporates, leaving behind the paint layer. In aqueous coatings, water is a frequent solvent. Because it is made of water-soluble resin, this coating dissolves completely in water and other solvents.
As people become more conscious of the adverse effects of VOC emissions, there has been a continuous shift in demand away from solvent-borne coatings and toward more ecologically friendly options such as waterborne coatings, which contain less solvents that evaporate during the curing process. The Asia Pacific region is expected to be the largest and fastest-growing market for waterborne coatings. This can be attributed to the region’s rapidly growing car and construction sectors. Less stringent regulations in the region are also driving market growth.
The rising costs of waterborne coatings, as well as the poor and inefficient performance of solvent coatings, are important factors expected to restrict global market growth over the forecast period. This is due to price changes in the raw materials used to produce aqueous coatings. Another difficulty impeding growth is the production of foam during the manufacturing process of waterborne technology, which may be harmful to the environment.
Waterborne Coatings Market Key Competitors:
BASF SE AkzoNobel N.V. PPG Industries Inc. RPM International Inc. The Sherwin-Williams Company Asian Paints Limited Axalta Coating Systems LLC. Nippon Paint Holdings Co. Ltd. Kansai Paint Co. Ltd. Jotun Group. Benjamin Moore & Co. Berger Paints India Limited Hempel Group Jotun KCC CORPORATION PPG Industries Sika AG Covestro AG Dow Solvay SILBERLINE MANUFACTURING CO. Hexion The Lubrizol Corporation Eastman Chemical Company
Acrylic Polyester Alkyd Epoxy Polyurethane Polytetrafluoroethylene Polyvinylidene Fluoride Polyvinylidene Chloride Others
Industrial Automotive General Industrial Protective Wood Marine Packaging Coil Others
Related New Published Report By Maximize Market Research: Waterborne Coating Additives Market
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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