Waterborne Coatings Market Projected to Growth at a CAGR of ~5% throughout 2022 2031

(MENAFN- Comserve)

New York, United States, Mar 28, 2022, 05:19 /Comserve / -- The global waterborne coatings market is estimated to occupy a large amount of revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2031.

Research Nester published a report titled “Waterborne Coatings Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global waterborne coatings market in terms of market segmentation by resin type, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global waterborne coatings market is estimated to occupy a large amount of revenue by growing at a CAGR of during the forecast period, i.e., 2022 – 2031, ascribing to the rapid increase in urbanization, and growing number of construction and infrastructural activities across the globe. Along with these, rising preference of waterborne coatings in automotive and general aviation industries, and government initiatives to raise the water content as a solvent for coating materials are also expected to accelerate the growth of the market in the forthcoming years.

The market is segmented by resin type and end user. Based on resin type, the acrylic segment is anticipated to acquire the largest share over the forecast period on the back of superior color and gloss retention offered by acrylic coatings during outdoor exposure. Additionally, by end user, the construction segment is projected to occupy the largest share by the end of 2030 attributing to the increasing usage of the coatings in applications, such as doors, trims, wood varnishes, window frames, and interior & exterior walls.

Geographically, the global waterborne coatings market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth and acquire notable share in the market during the forecast period attributing to the surging production of automobiles in the region. Moreover, the market in Europe is assessed to grab the largest share over the forecast period ascribing to the ongoing launch of government initiatives about lowering volatile organic compounds (VOC) content in paints and coatings in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Rising Construction and Infrastructure Development Activities Globally to Boost Market Growth

With the rapidly increasing rate of urbanization and industrialization, the number of construction and infrastructural activities across the world is also rising. It is anticipated to give rise to the growing demand for high-quality decorative products for architectural applications, such as doors, trims, window frames, and interior & exterior walls. This in turn is projected to drive significant market growth in the near future.

However, sensitivity of waterborne coatings to low temperature and high humidity is expected to operate as key restraint to the growth of the global waterborne coatings market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global waterborne coatings market which includes company profiling of BASF SE, 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., Tikkurila OYJ, AkzoNobel N.V., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global waterborne coatings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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