Global Water Borne Coatings Market To Grow At A CAGR Of 8.7% From 2019-2023

(ABNewswire via Comtex)

The global water borne coatings market was worth $188.9 billion in 2019. The water borne coatings market in Asia Pacific is forecasted to register the highest growth rate during 2019-2023. The water borne coatings market consists of sales of water borne coatings. Water borne coatings solvents contain organic co solvents that use water as a solvent to disperse resin.

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The global water borne coatings market is expected to grow at a rate of about 8.7% and reach $264.01 billion by 2023. There is a rapid growth in consumption of water borne coatings in many industries such as automotive, construction, and manufacturing. Water borne coatings are widely used in printing inks, in the automotive OEM sector, plastics, and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for water borne coatings.

However, rising costs is acting as a restraint on the water borne coatings market. The rise in raw material costs results in higher manufacturing costs, thus decreasing the investments in research and development of new products.

Smart coatings and high performance coating technologies are being adopted by companies to enhance efficiencies of coating compounds. Nano coatings are a type of smart coating that have extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion and micro bacterial growth. Fluoropolymer coating is known for its high performance properties such as a long life cycle and high cost efficiency.

Major players in the market are BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd, Kansai Paint Co., Ltd., Nippon Paint Holdings Company Ltd, PPG Industries Inc., RPM International Inc.,, The Sherwin-Williams Company, The Valspar Corporation, Tikkurila Oyj. Berger Paints India Ltd is an Indian paint company headquartered in Kolkata. It has fourteen manufacturing units in India, two in Nepal, and one each in Poland and Russia.

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Few Table of Contents: 

2. Water Borne Coatings Market Characteristics

3. Water Borne Coatings Market Size And Growth

3.1. Global Water Borne Coatings Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Water Borne Coatings Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Water Borne Coatings Market Segmentation

4.1. Global Water Borne Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Acrylic

Epoxy

Polyurethane

Polyester

Alkyd

Polyvinylidene Chloride (PVDC)

Polyvinylidene Fluoride (PVDF)

Others

4.2. Global Water Borne Coatings Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Appliances  

Automotive  

Architectural  

Marine  

Packaging  

Wood  

General industrial

5. Water Borne Coatings Market Regional And Country Analysis

5.1. Global Water Borne Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Water Borne Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion 

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