Water-based coatings Market Revenue Forecast 2022-2030, Future, Scope, and Top Key Players

 Overview

The water-based coatings market is projected to grow rapidly at a high CAGR of throughout the forecast period. Increasing demand from major end-use industries as well as increasing demand for better physical infrastructures drive the global water-based coatings market. These key growth drivers have incredibly helped the water-based coatings market and are estimated to boost the growth. Analysts studying the water-based coatings market have also shared growth projections in the water-based coatings market research report and have suggested water-based coatings market-based companies to develop growth strategies. The fluctuating cost of raw materials and high cost of coating materials are the challenges that companies across the water-based coatings market could face.

Market Segmentation

The global Water-based Coatings Market Revenue has been segmented based on end use industries, resin type, and product type. On the basis of product type, the market for water-based coatings is segmented based on emulsions paints, water-based alkyd, and water-soluble paints. Additionally, the market on the basis of resin type, is segmented into acrylic, polyurethane. The global market for water-based coatings is also covered based on the end use industries segment which is further split into automotive, electronics, paper & packaging, building & construction.

Factors like increasing need for housing and use of water-based coatings in the automotive sector propel the water-based coatings market growth. The water-based coatings market performance has also been studied. The water-based coatings market report provides analysis of past and current trends. In addition to this, the water-based coatings market report offers detailed analysis of end use industries, resin type, and product type segments. The market segmental analysis provided in the water-based coatings market research report offers crucial details about the water-based coatings market based on the data and forecasts till 2030.

Regional Overview

The water-based coatings market report covers companies functional in the water-based coatings market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the water-based coatings market can be found in the market research report. The North American water-based coatings market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the water-based coatings market across Germany, France, Spain, Italy, and the United Kingdom. The water-based coatings market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the water-based coatings market across India, China, and Japan in the Asia-Pacific region is also available for further study.

Competitive Landscape

The water-based coatings market is corroborated by growing demand from the marine industry. The population growth as well as increasing demand of water-based coatings market based solutions also accelerate the market growth. However, the water-based coatings market can be affected due to price volatility as well as budget related constraints in the SMEs sector. The water-based coatings market research report covers all such factors assisting companies in the water-based coatings market to improve their plans and portfolio. The water-based coatings market research report also provides company profiles of major businesses. The water-based coatings market report highlights crucial details about organizations operating across North America, Europe, Asia-Pacific (APAC), and the rest of the world regional markets.

Industry News

StanChem Polymers confirmed recently that it has concluded the purchase of Dux Paint and its subsidiary businesses, Hawthorne Coating and Hood Products, through its subsidiary, Albi Protective Coatings. Centered in Lodi, New Jersey, Dux provides a diversified and extensive range of solutions for refinishing, industrial protective coating applications. Created over 70 years ago, Dux has developed a reputation for excellent quality products, exemplary customer support, and technological excellence for its business users in the production of best approaches.