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The Global Latex Coating Market is anticipated to be valued at US$ 50.77 Bn in 2023 and is projected to achieve a market size of US$ 73.36 Bn by 2030. This reflects a steady compound annual growth rate (CAGR) of 5.4% during the forecast period from 2023 to 2030.

Figure 1. Global Latex Coating Share (%), by Region, 2023

Latex coatings are popular in the paint industry as a protective and decorative finish. They are used for a wide variety of projects, including furniture, wood paneling, wood siding, and children's playground equipment. Latex paints clean up easily with soap and water, making them ideal for do-it-yourself painting jobs. They also dry more quickly than oil-based paints, which mean the project can be completed in less time.

There are several different types of latex paints, and each offers a unique texture and appearance. Some are premixed and ready-to-use, while others require manual stirring before use. The colorants and pigments that are mixed with the latex create the final product's color and coverage abilities. Some latex coatings have a sheen, while others are flat or matte. Flat and matte latex paints hide blemishes, but they are not as durable as gloss or eggshell. The growing need for environment-friendly and sustainable coating solutions has been driving the demand for latex coatings from paints & coatings, textile & paper processing, cement & concrete, and other manufacturing sectors. Moreover, stringent regulatory standards regarding VOC emissions have compelled coating manufacturers to increasingly adopt low-emitting water-based latex formulations.

Market Dynamics

The growth of the latex coating market can be attributable to its widespread application in industries such as construction, automotive, and furniture. Latex coatings have desired features such as adhesion, durability, and water resistance, making them ideal for interior and exterior painting, wood finishing, metal protection, and other applications.

While latex coatings have numerous advantages, they may be limited in certain applications. Latex coatings, for example, may not give the same level of performance as specialty coatings in extremely demanding industrial or maritime settings. This may limit its use in industries that demand exceptional toughness and resistance.

Key features of the study:

• This report provides in-depth analysis of the global latex coating market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global latex coating market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include PPG Industries Akzo Nobel N.V., Sherwin-Williams Company, BASF SE, The Dow Chemical Company, Arkema Group, RPM International Inc., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems Ltd., Asian Paints Limited, Kansai Paint Co., Ltd., Jotun Group, Sika AG, Hempel A/S, Benjamin Moore & Co.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global latex coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global latex coating market

Latex Coating Market Detailed Segmentation:

• By Type of Latex:
  • Acrylic Latex Coatings
  • Vinyl Acetate Ethylene (VAE) Latex Coatings
  • Styrene Butadiene Latex Coatings
  • Polyvinyl Acetate (PVA) Latex Coatings
  • Others
• By Application:
  • Construction
  • Automotive
  • Furniture
  • Paper and Packaging
  • Textiles and Non-Woven
  • Metal and Industrial
  • Others
• By Functionality:
  • Protective Coatings
  • Decorative Coatings
  • Adhesive and Sealant Applications
• By Substrate:
  • Wood
  • Metal
  • Concrete and Masonry
  • Plastics
  • Others
• By End-Use Industry:
  • Residential
  • Commercial
  • Industrial
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• By Company:
  • PPG Industries
  • Akzo Nobel N.V.
  • Sherwin-Williams Company
  • BASF SE
  • The Dow Chemical Company
  • Arkema Group
  • RPM International Inc.
  • Nippon Paint Holdings Co., Ltd.
  • Axalta Coating Systems Ltd.
  • Asian Paints Limited
  • Kansai Paint Co., Ltd.
  • Jotun Group
  • Sika AG
  • Hempel A/S
  • Benjamin Moore & Co.

Table of Contents

1. Research Objectives and Assumptions

• Research Objectives
• Assumptions
• Abbreviations

2. Market Purview

• Report Description
  • Market Definition and Scope
• Executive Summary
  • Market Latex Coating, By Type of latex
  • Market Latex Coating, By Application
  • Market Latex Coating, By Functionality
  • Market Latex Coating, By Substrate
  • Market Latex Coating, By End-Use Industry
  • Market Latex Coating, By Region
• Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
• Increasing demand from end-use industries
  • Restraints
• Limited performance in certain applications
  • Opportunities
• Growing demand for green and sustainable coatings
• Impact Analysis
• Key Highlights
• Regulatory Scenario
• Product launch/Approvals
• PEST Analysis
• PORTER's Analysis
• Merger and Acquisition Scenario

4. Latex Coating Market - Impact of Coronavirus (COVID-19) Pandemic

• COVID-19 Epidemiology
• Supply Side and Demand Side Analysis
• Economic Impact

5. Latex Coating Market , By Type Of Latex, 2018-2030, (US$ Bn)

• Introduction
  • Market Share Analysis, 2023 and 2030 (%)
  • Y-o-Y Growth Analysis, 2018 - 2030
  • Segment Trends
• Acrylic Latex Coatings
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Vinyl Acetate Ethylene (VAE) Latex Coatings
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Styrene Butadiene Latex Coatings
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Polyvinyl Acetate (PVA) Latex Coatings
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

6. Latex Coating Market , By Application, 2018-2030, (US$ Bn)

• Introduction
  • Market Share Analysis, 2023 and 2030 (%)
  • Y-o-Y Growth Analysis, 2018 - 2030
  • Segment Trends
• Construction
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Automotive
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Furniture
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Paper and Packaging
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Textiles and Non-Woven
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Metal and Industrial
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

7. Latex Coating Market , By Functionality, 2018-2030, (US$ Bn)

• Introduction
  • Market Share Analysis, 2023 and 2030 (%)
  • Y-o-Y Growth Analysis, 2018 - 2030
  • Segment Trends
• Protective Coatings
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Decorative Coatings
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Adhesive and Sealant Applications
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

8. Latex Coatings Market , By Substrate, 2018-2030, (US$ Bn)

• Introduction
  • Market Share Analysis, 2023 and 2030 (%)
  • Y-o-Y Growth Analysis, 2018 - 2030
  • Segment Trends
• Wood
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Metal
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Concrete and Masonry
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Plastics
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

9. Latex Coating Market , By End-Use Industry, 2018-2030, (US$ Bn)

• Introduction
  • Market Share Analysis, 2023 and 2030 (%)
  • Y-o-Y Growth Analysis, 2018 - 2030
  • Segment Trends
• Residential
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Commercial
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
• Industrial
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

10. Latex Coating Market , By Region, 2018-2030, (US$ Bn)

• Introduction
  • Market Share Analysis, By Country, 2023 and 2030 (%)
  • Y-o-Y Growth Analysis, For Country 2018 -2030
  • Country Trends
• North America
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Latex, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
• Europe
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
• Asia Pacific
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
• Latin America
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
• Middle East & Africa
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
  • Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)

11. Competitive Landscape

• PPG Industries
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Akzo Nobel N.V.
• Sherwin-Williams Company
• BASF SE
• The Dow Chemical Company
• Arkema Group
• RPM International Inc.
• Nippon Paint Holdings Co., Ltd.
• Axalta Coating Systems Ltd.
• Asian Paints Limited
• Kansai Paint Co., Ltd.
• Jotun Group
• Sika AG
• Hempel A/S
• Benjamin Moore & Co.
• Analyst Views

12. Section

• Research Methodology
• About us