세계의 수성 코팅 시장 규모, 점유율, 성장 분석, 수지 유형별, 용도별, 지역별 시장 규모, 점유율, 성장 분석 - 산업 예측(2024-2031년)

Global Waterborne Coatings Market size was valued at USD 99.8 billion in 2022 and is poised to grow from USD 103.69 billion in 2023 to USD 140.82 billion by 2031, growing at a CAGR of 3.90% during the forecast period (2024-2031).

Waterborne coatings are rapidly gaining traction in various industries due to their eco-friendly properties and superior performance characteristics. Composed of approximately 80% water and minimal solvents like glycol ethers, these coatings are characterized by low volatile organic compounds (VOCs), negligible odour, and non-flammability, making them an environmentally sound choice. Their quick drying times enhance productivity, allowing for swift application of subsequent coats. Waterborne coatings also exhibit excellent adhesion, resistance to heat and abrasion, and reduced toxicity, positioning them as suitable primers across diverse applications. Key ingredients such as synthetic resins, pigments, surfactants, and additives facilitate the formulation of various waterborne coatings tailored for architectural, automotive, industrial, and marine uses. The ongoing growth in the construction sector is expected to bolster the demand for these coatings, as more industries shift away from high and low VOC solvent-based solutions in favour of lower-emission, solvent-free options. This trend is particularly notable in residential and commercial applications, reflecting a broader commitment to sustainability and environmental responsibility. As the market evolves, the increasing preference for waterborne coatings is set to drive innovation and growth, positioning them as a leading choice for modern coating solutions in an array of sectors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Waterborne Coatings market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Waterborne Coatings Market Segmental Analysis

Global Waterborne Coatings Market is segmented into Resin Type, Application, and region. By Resin Type, the market is classified into Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylidene Chloride, and Other Resin Types. Depending on the Application, it is categorized into Architectural, and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Waterborne Coatings Market

The Global Waterborne Coatings market is set to experience significant growth driven by the increasing demand from various end-use industries such as automotive, industrial, and infrastructure. These coatings, which comprise approximately 80% water, are favored due to their low volatile organic compound (VOC) emissions, making them a more environmentally friendly choice compared to traditional coatings. The primary raw materials for these coatings include synthetic resins, surfactants, additives, and pigments, enabling the creation of diverse types for numerous applications like automotive OEM, protective coatings, and architectural projects. Furthermore, the surge in vehicle production in countries such as Mexico, China, Malaysia, Germany, and Indonesia, along with construction activities in the Middle East and Asia Pacific, is expected to further propel the market's expansion.

Restraints in the Global Waterborne Coatings Market

The global waterborne coatings market faces several challenges that hinder its growth. One significant restraint is the prolonged drying and curing time required for these coatings compared to solvent-borne alternatives. The excellent flow properties of waterborne coatings can be adversely affected by humidity levels, complicating application processes. In humid environments, water does not evaporate effectively, leading to insufficient curing and reduced performance. Additionally, these coatings are sensitive to low temperatures, which can render them ineffective after freezing. Furthermore, the increasing number of regulatory policies by governments compels manufacturers to constantly adapt their processes to meet stringent environmental standards, risking the viability of non-compliant products in markets with strict regulations.

Market Trends of the Global Waterborne Coatings Market

The Global Waterborne Coatings market is witnessing a significant trend towards the adoption of anticorrosive polymeric coatings, driven by their superior flexibility and protective capabilities compared to traditional non-polymeric options. These advanced coatings can be customized to offer multiple protective mechanisms, making them both cost-effective and environmentally friendly alternatives. As industries seek to mitigate financial losses associated with corrosion, there is a rising demand for innovative coating technologies that employ diverse corrosion inhibition strategies. This shift reflects a broader market movement towards sustainable solutions, positioning anticorrosive polymeric coatings as a key player in the waterborne coatings sector.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Regulatory Landscape
• Patent Analysis
• Value Chain Analysis
• Customer & Buying Criteria Analysis
• Market Attractiveness Index
• Pricing Analysis

Global Waterborne Coatings Market Size by Resin Type & CAGR (2024-2031)

• Market Overview
• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• Polytetrafluoroethylene
• Polyvinylidene Fluoride
• Polyvinylidene Chloride
• Other Resin Types

Global Waterborne Coatings Market Size by Application & CAGR (2024-2031)

• Market Overview
• Architectural
  • Residential
  • New construction
  • Remodel & repaint
  • Non-residential
• Industrial
  • Automotive
  • General Industrial
  • Protective
  • Wood
  • Marine
  • Packaging
  • Coil
  • Other Industrial Applications

Global Waterborne Coatings Market Size & CAGR (2024-2031)

• North America, (Resin Type, Application)
  • US
  • Canada
• Europe, (Resin Type, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Resin Type, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Resin Type, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Resin Type, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• The Sherwin-Williams Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Akzo Nobel N.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PPG Industries Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RPM International Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Asian Paints Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Axalta Coating Systems, Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nippon Paint Holdings Co. Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kansai Paint Co. Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jotun Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Berger Paints India Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Teknos Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Masco Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hempel A/S
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Diamond Vogel Paint Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Benjamin Moore & Co.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Stahl Holdings B.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cloverdale Paint Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Brillux GmbH & Co. KG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Carpoly Chemical Group Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lanco Paints
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KCC Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Noroo Paints & Coatings Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fujikura Kasei Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation