(MENAFN- Ameliorate Digital Consultancy)
A report by Reports & Insights titled “Water-Based Barrier Coatings Market: Opportunity Analysis and Future Assessment 2023-2030” was just released, and it highlights information about the market, including commercial potential, future opportunities and challenges, and current trends, in an incredibly meticulous and thorough manner. The market size is forecast from 2023 through 2030, with 2021 serving as the study's base year. The research also includes information about market size, segmentation, a textual & graphical analysis of worldwide market growth patterns during the forecast period of 2023 to 2030, and other related data.
As per Reports and Insights Analysis, the water-based barrier coatings market is expected to grow at a CAGR of 5.9% during the forecast period of 2022 to 2030.
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The substrate surface is sealed with water-based barrier coatings, which also shield the package from internal and external forces. The package maintains its appeal and can carry out its purpose without limitations. Barrier coatings provide adequate protection for the duration of the packing against fat, water, water vapor, dairy products, alcohol, oil, and alkali, depending on the product. They are employed in a variety of applications because of their adaptability. For the paper sector, package converters, and printers, barrier coatings are available.
This market study on the global water-based barrier coatings market aims to cover market dynamics such as market drivers, challenges/restraints, and opportunities for the market players. It will also cover market segmentation outlook, water-based barrier coatings market trend, regional outlook, water-based barrier coatings market size, and market share, as well as industry and product insights, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, market forecast, and the major players operating in the water-based barrier coatings market.
Scope of the Report:
Water-Based Barrier Coatings Market Drivers: Amplified usage in the End-Use Industry
The expanding use of water-based barrier coatings across numerous end-use industries, including building and construction, paper, and packaging, is one of the major factors anticipated to fuel the expansion of the global market for these coatings. The increasing need for water-based barrier coatings in automotive, electrical, and electronic applications is another factor projected to propel the expansion of the global market for these coatings. There is a rise in the awareness of ecologically friendly coating materials as a result of various government policies and regulations.
Water-Based Barrier Coatings Market Restraints: Erratic VOC Regulations
A patchy Volatile Organic Compounds (VOC) regulation for water-based barrier coatings market size could make the sector even more difficult to expand. Most laws are designed to lessen coatings' VOC emissions. Regulations such as REACH and LEED GreenSeal GC-03 2nd Ed. specify coatings' VOC concentration in grams per liter (g/L). Manufacturers of maritime coatings are under pressure to lower VOC levels while still attempting to enhance or maintain coating quality and performance as a result of these mandates.
Water-Based Barrier Coatings Market opportunities: Adoption of barrier coating by the End User industry
Prominent manufacturers are focusing on offering barrier coatings for packaging with enhanced properties such as high moisture vapor resistance, recyclability, and robust strength retention. Various end-use industries rapidly adopt barrier coatings for packaging with such characteristics. Overall, the global water-based barrier coatings are projected to expand with an outstanding CAGR during the forecast period.
Additionally, increased investment in the building and construction sector in developing countries as well as the maritime industry's rapid expansion are predicted to offer several opportunities for significant rivals in the target market to increase their income.
Some of the key questions answered in this report:
Which are the five top players of the Water-Based Barrier Coatings Market? How will the Water-Based Barrier Coatings Market change in the upcoming years? Which product and application will take a share of the Water-Based Barrier Coatings Market? What are the drivers and restraints of the Water-Based Barrier Coatings Market? Which regional market will show the highest growth? What will be the CAGR and size of the Water-Based Barrier Coatings Market throughout the forecast period? What is the current market size, what will the market size be in 2030 and what will the growth rate be? What are the challenges to grow in the market? What are the market opportunities and challenges faced by the key vendors? Who are the major competitors and what is their strategy? What are the barriers to entry for new players in the market?
Water-Based Barrier Coatings Market, by Components:
Based on the Component, the global water-based barrier coatings market is segmented into; Additives, Binders, Fillers, and Water.
Water-Based Barrier Coatings Market, by Coating Material:
Based on the Coating Material, the global water-based barrier coatings market is segmented into; Biodegradable Polymers, Dispersions (Containing Hydrophobic Monomers), and Polyester-Based Coatings.
Water-Based Barrier Coatings Market, by Aspects of Coatings:
Based on the Aspects of Coating, the global water-based barrier coatings market is segmented into; Visual appearance (glossy, neutral, satin, matt), Heat sealability, Release properties, High wet block resistance, High scuff resistance, Heat resistance, Recyclability, Food law compliance according to region.
Water-Based Barrier Coatings Market, by Barrier Type:
Based on the Barrier Type, the global water-based barrier coatings market is segmented into; Fat, Gas and Aroma, Grease, Moisture/Water Vapour, Oil, Water, and Others.
Water-Based Barrier Coatings Market, by Process:
Based on the process, the global water-based barrier coatings market is segmented into; Sheet-fed offset, Flexo printing, Gravure printing, Range of coaters (roller, spray, curtain, slot die, rod, blade, air knife, knife over roll coater).
Water-Based Barrier Coatings Market, by End Use:
Based on the End Use, the global water-based barrier coatings market is segmented into; Bakery products, Detergents, Drinking cups, Ice cream cups & cones, Packaging, Paper plates, Pet food, Prepared meals/salads/sandwiches, Printing, Trays, Wrappers, and Others.
Water-Based Barrier Coatings Market, by Region:
Due to cheap labor costs and readily available raw materials, the Asia Pacific region's manufacturing industry is flourishing and is a major driver of the market expansion for water-based barrier coatings. The market for architectural coatings is anticipated to increase as the region's middle-class population expands and living standards rise. The market for water-based barrier coatings is anticipated to be primarily driven by the rise in environmental friendliness as well as government investment efforts in infrastructure and industrial sectors in China and India.
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