Waterborne Coatings Market by Application (Industrial and Architectural), Resin Type (Polyester, Acrylic, Alkyd, Polyurethane, Epoxy, PTFE, PVDC, PVDF), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: May, 2020
  • Report ID: 418014
  • Category: Chemicals
  • Pages: 235
$4,700

The global waterborne coatings market is expected to grow from USD 74.21 billion in 2019 to USD 106.34 billion by 2027, at a CAGR of 4.6% during the forecast period 2020-2027.

Waterborne coatings use water to dissolve a resin instead of other solvents. It has low Volatile Organic Compound (VOC) levels making it environment-friendly and helpful in reducing emissions. The composition of the coating changes with the amount of water and other solvents in it. The different solvents that are used in the waterborne coatings as binders are polyvinyl ethers, glycol ethers, polyacrylate, or polyurethane. The coatings have excellent heat resistance and abrasion. They are easy to apply, stain-resistant, flexible, and prevents corrosion and hardness.

The primary driver for the growth of the market is the rising adoption of green and eco-friendly coatings by the end-user industry and growing strictness of environmental regulations. The rise in incomes of people and high economic growth is contributing to the growth of the automotive and construction industries. The characteristics like non-flammable, odourless, long shelf life, non-toxic are expected to fuel the growth of the market.

This study delivers a comprehensive analysis of applications, resin type, and regions. On the basis of application, the market can be divided into industrial and architectural uses. The industrial segment is further divided into automotive, packaging, general, protective, marine, wood, coil, and others. The architectural segment is further divided into residential and non-residential uses. The architecture segment is expected to account for the highest growth rate during the forecast period. The architectural waterborne coatings are used for both decorative and protective purposes. For decorative purposes, the coatings are used in doors, window frames, wood flooring, sculptures etc. For preventive purposes, it is used for exterior paints. The interior wall coatings hold a majority share in the agricultural segment. The automotive applications in the industrial segment are also projected to grow at a rapid pace due to its protective features and rise in demand for automobiles. On the basis of type of resin, the market can be divided into polyester, acrylic, alkyd, polyurethane, epoxy, Polytetrafluoroethylene (PTFE), Polyvinylidene Chloride (PVDC), and Polyvinylidene Fluoride (PVDF). The acrylic segment is expected to dominate the market share during the forecast period. The exceptional chemical and aesthetic properties has led to the widespread application of the acrylic coating driving the market growth. The features of durability, flexibility, UV resistance, and colour retention has led to high demand of the coating in construction, medical, automotive, and metal refinishing industries.

The market for waterborne coatings has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Europe is expected to dominate the market share due to strict regulatory requirements prevalent in the region. Asia-Pacific region is expected to portray the highest growth rate in the forecast period due to a rise in industrialization.

The leading players of the market include Akzo Nobel N.V., BASF SE, Axalta Coating Systems, Berger Paints, PPG Industries, Sherwin Williams, and The Valspar Corporation. The companies are focusing on research and development for product innovations, partnerships, and expansion of market share.

Global Waterborne Coatings Market Analysis And Forecast, By Application

  • Architectural
    • Residential
    • Non-Residential
  • Industrial
    • Automotive
    • Protective
    • General Industrial
    • Wood
    • Packaging
    • Coil
    • Marine
    • Others

Global Waterborne Coatings Market Analysis And Forecast, By Resin Type

  • Polyester
  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polytetrafluoroethylene (PTFE)
  • Polyvinylidene Chloride (PVDC)
  • Polyvinylidene Fluoride (PVDF)

Global Waterborne Coatings Market Analysis And Forecast, By Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    • UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    • South Africa
    • Rest Of MEA

 Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018, the forecast period considered is from 2020 to 2027.
  • The study delivers a comprehensive analysis of global market for all segments and region.
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Application
          4.3.2. Market Attractiveness Analysis By Resin Type
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restraints
    5.4. Opportunities

6. Global Waterborne Coatings Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Architectural
          6.2.1. Residential
          6.2.2. Non-Residential
    6.3. Industrial
          6.3.1. Automotive
          6.3.2. Protective
          6.3.3. General Industrial
          6.3.4. Wood
          6.3.5. Packaging
          6.3.6. Coil
          6.3.7. Marine
          6.3.8. Others

7. Global Waterborne Coatings Market Analysis and Forecast, By Resin Type
    7.1. Segment Overview
    7.2. Polyester
    7.3. Acrylic
    7.4. Alkyd
    7.5. Polyurethane
    7.6. Epoxy
    7.7. Polytetrafluoroethylene (PTFE)
    7.8. Polyvinylidene Chloride (PVDC)
    7.9. Polyvinylidene Fluoride (PVDF)

8. Global Waterborne Coatings Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Lithium Compound Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Waterborne Coatings Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Akzo Nobel N.V
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. BASF SE
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Axalta Coating Systems
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Berger Paints
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. PPG Industries
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Sherwin Williams
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. The Valspar Corporation
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis

List of Table

1. Global Waterborne Coatings    Market, By Application       , 2017–2027 (USD Billion)

2. Global Architectural, Waterborne Coatings  Market, By Region, 2017–2027 (USD Billion)

3. Global Residential, Architectural Market, By Region, 2017–2027 (USD Billion)

4. Global Non-Residential, Architectural Market, By Region, 2017–2027 (USD Billion)

5. Global Industrial, Waterborne Coatings  Market, By Region, 2017–2027 (USD Billion)

6. Global Automotive, Industrial Market, By Region, 2017–2027 (USD Billion)

7. Global Protective, Industrial Market, By Region, 2017–2027 (USD Billion)

8. Global General Industrial, Industrial Market, By Region, 2017–2027 (USD Billion)

9. Global Wood, Industrial Market, By Region, 2017–2027 (USD Billion)

10. Global Packaging, Industrial Market, By Region, 2017–2027 (USD Billion)

11. Global Coil, Industrial Market, By Region, 2017–2027 (USD Billion)

12. Global Marine, Industrial Market, By Region, 2017–2027 (USD Billion)

13. Global Others, Industrial Market, By Region, 2017–2027 (USD Billion)

14. Global Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

15. Global Polyester, Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

16. Global Acrylic, Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

17. Global Alkyd, Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

18. Global Polyurethane, Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

19. Global Epoxy, Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

20. Global Polytetrafluoroethylene (PTFE), Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

21. Global Polyvinylidene Chloride (PVDC), Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

22. Global Polyvinylidene Fluoride (PVDF), Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion)

23. Global Waterborne Coatings    Market, By Region, 2017–2027 (USD Billion) 

24. Global Waterborne Coatings    Market, By North America, 2017–2027 (USD Billion)

25. North America Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

26. North America Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

27. U.S. Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

28. U.S. Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

29. Canada Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

30. Canada Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

31. Mexico Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

32. Mexico Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

33. Europe Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

34. Europe Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

35. Germany Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

36. Germany Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

37. France Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

38. France Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

39. U.K. Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

40. U.K. Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

41. Italy Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

42. Italy Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

43. Spain Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

44. Spain Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

45. Asia Pacific Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

46. Asia Pacific Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

47. Japan Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

48. Japan Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

49. China Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

50. China Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

51. India Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

52. India Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

53. South America Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

54. South America Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

55. Brazil Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

56. Brazil Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

57. Middle East and Africa Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

58. Middle East and Africa Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

59. UAE Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

60. UAE Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

61. South Africa Waterborne Coatings    Market, By Application        , 2017–2027 (USD Billion)

62. South Africa Waterborne Coatings    Market, By Resin Type , 2017–2027 (USD Billion)

 

List of Figures 

1. Global Waterborne Coatings    Market Segmentation

2. Waterborne Coatings    Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Waterborne Coatings    Market Attractiveness Analysis By Application        

9. Global Waterborne Coatings    Market Attractiveness Analysis By Resin Type 

10. Global Waterborne Coatings    Market Attractiveness Analysis By Region

11. Global Waterborne Coatings    Market: Dynamics

12. Global Waterborne Coatings    Market Share By Application (2020 & 2027)

13. Global Waterborne Coatings    Market Share by Resin Type (2020 & 2027)

14. Global Waterborne Coatings    Market Share by Regions (2020 & 2027)

15. Global Waterborne Coatings    Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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