Waterborne Coatings Market 2020-2026
発行: Orion Market Research Pvt Ltd
Global Waterborne Coatings Market Size, Share & Trends Analysis Report by Type (Acrylic, Epoxy, Polyurethane, Alkyd, and Others), By Application (Architectural and Industrial), and Forecast 2020-2026
Global Waterborne Coatings market is projected to grow at a considerable CAGR during the forecast period. The eco-friendly properties of the waterborne coatings are the key factor to drive the rapid adoption of these kinds of coatings across the globe. The growing number of applications of the waterborne coatings in different industries is further anticipated to propel the growth of the global waterborne coatings market. However, the high cost of the waterborne coatings along with the comparatively lower performance than solvent coating is one of the key factors that may restrain the growth of the waterborne coatings market across the globe.
The waterborne coatings market is segmented on the basis of type and application. Based on type, the market is segmented into acrylic, epoxy, polyurethane, alkyd, and others. Based on type, acrylic is anticipated to hold a major market share in the waterborne coatings market owing to its better chemical and physical resistance to offer a longer lifespan to the material they are applied to. Based on application the market is segmented into architectural and industrial. The architectural segment is estimated to contribute a prominent share owing to the increasing infrastructure spending in Asia-Pacific. Waterborne coatings are used as decorative coatings in architectural applications such as in doors, window frames, interior & exterior walls, and others.
Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific is anticipated to hold considerable market share and is also exhibiting a significant growth rate in the global waterborne coatings market. The increase in the number of end-user industries in the Asia-Pacific region is a major factor contributing to the high market share and market growth of the waterborne coatings in the Asia-Pacific region.
BASF SE, Arkema Group, Dow Inc., AkzoNobel NV, East Chemical Co., ALLNEX Netherlands B.V., Celanese Corp., Covestro AG, DIC Corp., and Double Bond Chemical Ind. Co., Ltd., are some of the prominentplayers operating in the global waterborne coatings market. These market players are actively involved in the adoption of organic and inorganic growth strategies such as product lunch, mergers& acquisitions to sustain their position in the market.
The market study of the global waterborne coatingsmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: