Albany, NY — 12/07/2017 — Water-based coatings are a type of coating which use water as a solvent. Water is employed as a dispersal agent for resins to make them eco-friendly and easy to use. Water constitutes more than 75% of the coatings with traces of other solvents like glycol ethers. Rising architectural activities and stringent government regulation related to VOC content are the major drivers that drives the growth of water-based coatings market. Asia Pacific dominates the water-based coatings market in terms of demand. Countries such as China, India are expected to be the key consumers of water-based coatings. Volatility in raw material prices and susceptibility to environmental conditions is anticipated to hamper the market growth.
Acrylic water-based coatings is anticipated to be the major segment during the forecast period, however polyurethane water-based coatings is expected to grow at highest CAGR compare to other resins type. In terms of end-use, building & construction is projected to be the major segment for water-based coatings. Automotive segment is also second most lucrative segment for water-based coatings market. Increasing awareness and stringent government regulations related to VOCs content related to coatings is estimated to offer major opportunities to the water-based coatings market in the next few years.
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This report analyzes and forecasts the market for Water-based coatings market at the global and regional level. The market has been forecast based on volume (Kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global water-based coatings market. It also covers impact of these drivers and restraints on demand for water-based coatings market during the forecast period. The report also highlights opportunities in the water-based coatings market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global water-based coatings market. Porter's Five Forces model for the water-based coatings market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in resins and end-users are benchmarked based on their market size, growth rate, and general attractiveness.
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The report comprises profiles of major companies operating in the global Water-based coatings market. Key players in the Water-based coatings market are BASF SE, Akzo Nobel N.V., Asian Paints, Axalta Coating Systems Ltd., Altana AG, Conren, ICA group, Schmid Rhyner AG, PPG Industries Inc., The Valspar Corporation, Sherwin-Williams, Kansai, NIPSEA Group, and Hebei Chenyang Industry & Trade Group Co., Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global water-based coatings market has been segmented as follows:
Water-based Coatings Market – Resins Analysis
– Styrene Acrylic
– Others (fluoro-polymers etc.)
Water-based Coatings – End-use Analysis
– Building & Construction
– Automotive OEM
– Automotive refinish
– Paper & Printing
– Others (Aerospace etc.)
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