Press Release

APAC to Dominate Waterborne Coatings Market until 2025

According to TechSci Research report, Global Waterborne Coatings Market By Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Polyvinylidene Chloride (PVDC) and Others), By Application (Architectural, General Metals, Automotive and Industrial), By Region, Competition, Forecast & Opportunities, 2025, global waterborne coatings market is expected to grow at steady CAGR during the forecast period. Increasing construction activities across the globe is one of the major factor accounting for the growth of global waterborne coatings market. This is because these waterborne coatings are utilized for improving the appearance and life expectancy of building structures. Moreover, worldwide growth in automotive and architectural industry is further expected to bode well for the growth of global waterborne coatings through the forecast period. In addition to this, increased focus on research and development activities globally is positively influencing the growth of global waterborne coatings market in the years to come. Also, stringent environmental regulations by the governing bodies coupled with booming economic growth in emerging economies is making headway for the growth of global waterborne coatings market. However, presence of other better alternatives such as powder coatings is the major factor that might restrain the growth of global waterborne coatings market through 2025.

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Global waterborne coatings market can be segmented based on resin type, application, company and region. Considering the resin type, the market is fragmented into Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Polyvinylidene Chloride (PVDC) and Others. The acrylic segment dominated the global waterborne coatings market in terms of largest revenue until 2019 and is further anticipated to lead the market during the forecast period, as these acrylic waterborne coatings are widely used owing to its chemical characteristics as well as unique aesthetic properties. Additionally, demand for the product is high in the several industries including medical, construction, automotive and general industrial due to the superior hardness and durability properties of this resin, thereby positively influencing the growth of the segment in the coming years.

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, Tikkurila OYJ. are among others are the leading players operating in global waterborne coatings market. The leading players are adopting several growth strategies to enhance the market scenario of waterborne coatings. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position. For instance, in June 2019, Jotun signed an agreement with Korean Hyundai Heavy Industries, so that HHI can use the Jotun’s new marine paint that minimizes solvent emissions by around 90% in order to meet the environmental regulations.  

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“Asia-Pacific is forecast to dominate the global waterborne coatings market in the next 5 years on the account of increasing product demand from various emerging economics in the region such as such as China, India, Malaysia, Taiwan, South Korea, Indonesia, and Vietnam. Moreover, reduced taxes for the manufacturers along with increased income level in China are also contributing to the growing trend. Furthermore, strict regulations in paints & coatings industry are further expected to boost the growth of global waterborne coatings market through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Waterborne Coatings Market By Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), Polyvinylidene Chloride (PVDC) and Others), By Application (Architectural, General Metals, Automotive and Industrial), By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global waterborne coatings market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global waterborne coatings market.

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