#Waterborne Coatings Market Research Report

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Paints And Coatings Market Segment Analysis By Product, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 4 December 2024: The Report Paints And Coatings Market Size, Share & Trends Analysis Report By Product (Radiation Cured Coatings, Powder Coatings, Waterborne Coatings, Solvent-borne Coatings), By Region, And Segment Forecasts, 2024 – 2030 The global paints and coatings market size is anticipated to reach USD 280.2 billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030,…

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Aerospace Coating Market to Exhibit Significant Growth Owing to Increasing Aircraft Deliveries

The aerospace coating market comprises protective and decorative coating solutions that provides technical advantages like corrosion resistance, light weight, and color consistency to aircraft. Aerospace coatings protect metal surfaces from corrosion and chemicals while maintaining a smooth and consistent finish. They shield aircraft interiors from deterioration caused by ultraviolet radiation, moisture, pollutants, and other stress factors. Eco-friendly waterborne coatings are increasingly being adopted given their low volatile organic compound (VOC) emissions. Primers, topcoats and other specialty coatings such as chrome-free primers are applied to commercial, military, and general aviation aircrafts. The Global Aerospace Coating Market size is estimated to be valued at US$ 3.36 Billion in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period from 2024 to 2031.

Aerospace Coating Market Trends is increasing aircraft deliveries worldwide driven by rising passenger traffic is a key factor contributing to market growth. Aerospace coatings play a crucial role in aircraft performance and safety by protecting surfaces from corrosion, harsh weather conditions, and offering lightning strike protection. They provide attractive aesthetic appearances and enable weight reduction which improves fuel efficiency. Key Takeaways

Key players operating in the aerospace coating market are The Sherwin-Williams Company, Socomore, AkzoNobel N.V., PPG Industries, Hentzen Coatings, Inc, Axalta Coating Systems, KC Jones Plating Company, IHI Ionbond AG, BASF SE, Saint-Gobain SA, Mapaero, Bryocat, and Zircotec. The aerospace coating market is expected to grow at a significant pace owing to increasing demand for air travel around the world. Major aircraft OEMs like Airbus and Boeing have received a large number of orders over the past few years along with a strong order backlog which will drive production rates and corresponding demand for coatings. Market Trends

Aerospace Coating Market Size and Trends are increasingly being adopted to help aircraft operators reduce weight and increase payload capacity. Durable thermoplastic elastomer coatings provide an eco-friendly alternative to costly composite repairs. Market Opportunities

 Rising procurement of military aircraft and platforms globally presents opportunities for military-grade specialty aerospace coatings manufacturers. Requirements for specialty solutions with properties like chemical/biological agent resistance, stealth, multi-spectral camouflage are increasing. Demand for sustainable ‘green aerospace coatings’ addressing strict environmental mandates while delivering at par performance will continue growing. Development of 100% bio-based and environment-friendly coating systems with repairable properties offers opportunities. Get more insights on, Aerospace Coating Market

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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Top Factors Impacting the Waterborne Coatings Market: Insights and Forecast

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to experience significant growth, with an anticipated compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by the expansion of construction activities worldwide. The rapid industrialization and urbanization taking place across various regions are expected to spur a higher demand for waterborne coatings over the forecast period. Additionally, a shift in the coatings industry towards environmentally friendly alternatives, such as solvent-free coatings with lower emissions, is further boosting the demand for waterborne coatings. These coatings are particularly preferred for both residential and commercial applications, where they are commonly used in interior and exterior wall paint formulations.

Waterborne coatings used in these applications are typically based on acrylate/styrene dispersions. Manufacturers in the market are also working on reducing the binder content in formulations by 8–12% without compromising the overall properties of the coatings, further improving their cost-effectiveness and performance. Alkyd-based waterborne coatings are also gaining popularity, especially among interior decorators, due to their ease of application, glossy finish, and superior ability to adapt to varying climatic conditions during both application and drying.

In the automotive sector, an increase in production capacities, alongside innovations in vehicle design and aesthetics, is expected to continue driving market growth. The rising demand for automobiles, particularly in emerging economies in the Asia Pacific and Latin America regions, fueled by population growth and increasing disposable income, will also contribute to the rising adoption of waterborne coatings in vehicle manufacturing.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Regional Insights

Europe

In 2022, Europe led the global waterborne coatings market, accounting for the largest share of over 38.1% of the total revenue. This dominance can largely be attributed to the presence of several major automobile manufacturers in the region, which contribute significantly to the demand for waterborne coatings in both OEM (original equipment manufacturer) and refinishing applications. Moreover, Europe's increasing consumer preference for luxury goods, including high-end automobiles and residential properties, is expected to further drive the need for high-quality waterborne coatings in the automotive and construction sectors.

Asia Pacific

In the Asia Pacific region, the highest growth in construction spending is anticipated, especially in emerging economies such as China, India, and Indonesia. These countries are seeing significant investments in infrastructure and urban development, which is expected to directly impact the demand for waterborne coatings. As construction activity increases, waterborne coatings are anticipated to capture a larger share of the market, especially in the residential and commercial building sectors, which constitute a major part of the construction market in this region. Countries like Indonesia, Malaysia, Thailand, and Vietnam are also expected to see growing demand for waterborne coatings due to rising construction budgets focused on residential and commercial projects.

Thus, the Asia Pacific region is poised for strong growth, driven by expanding construction activities and an increasing adoption of waterborne coatings in both new builds and renovations.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global ceramic coating market size was valued at USD 11.16 billion in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030.

• The global hydrophobic coating market was valued at USD 2.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030.

Key Companies & Market Share Insights

As the market continues to grow, competition among global companies in the waterborne coatings sector is expected to intensify. This is largely due to rapid innovations from both established players and emerging companies entering the industry. Manufacturers are actively working on expanding and enhancing their product portfolios by innovating and launching new formulations and products. This drive for product development is likely to stimulate further competition, pushing companies to improve their offerings in order to capture a larger share of the growing market.

Some of the prominent players in the global waterborne coatings market include:

• AkzoNobel NV

• BASF SE

• Axalta Coating Systems LLC

• Berger Paints India Ltd.

• Kansai Paint Co.,

• Nippon Paint Holdings Company Ltd.

• PPG Industries Inc.

• RPM International Inc.

• The Sherwin-Williams Company

• The Valspar Corp.

• Tikkurila Oyj

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.

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Automotive Refinish Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The Automotive Refinish Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Automotive Refinish Market: https://www.thebusinessresearchcompany.com/report/automotive-refinish-global-market-report

According to The Business Research Company’s Automotive Refinish Global Market Report 2024, The automotive refinish market size is expected to see strong growth in the next few years. It will grow to $16.20 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to higher accident rates, the rise of OEM (Original Equipment Manufacturer) standards, the rise of do-it-yourself (DIY) culture, stricter regulations on emissions, and changes in vehicle ownership patterns. Major trends in the forecast period include innovations in refinishing products, developments in paint and coating technologies, advancements in skilled technicians, advancements in digital color matching technology, and technological advancements.

The rise in instances of accidents and vehicle damages is expected to propel the growth of the automotive refinish market going forward. The main causes of the rise in instances of accidents and vehicle damages include driver behavior such as speeding, distracted driving, and drunk driving, as well as unsafe road infrastructure and vehicle design. Automotive refinishing is used for repairing and restoring vehicle exteriors after accidents or damages, ensuring aesthetic and structural integrity. It helps maintain the vehicle's appearance and resale value. For instance, in May 2022, according to an estimate published by the National Highway Traffic Safety Administration (NHTSA), a US-based federal agency, the number of fatalities in motor vehicle traffic crashes increased by 10.5%, with an estimated 42,915 deaths in 2021 compared to 38,824 fatalities in 2020. Therefore, the rise in instances of accidents and vehicle damages is driving the growth of the automotive refinish market.

Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=17087&type=smp

The automotive refinish market covered in this report is segmented –

1) By Product Type: Primer, Base Coat, Top Coat, Clear Coat 2) By Material Type: Polyurethanes, Acrylics, Alkyd 3) By Technology: Solvent Borne, Water Borne, Ultraviolet (UV) Cure 4) By Applications: Passenger Vehicle, Commercial Vehicle 5) By End User: Original Equipment Manufacturer (OEM), Aftermarket

Major companies operating in the automotive refinish market are focusing on technological advancements, such as low-gloss clearcoat systems, to better serve customers. A low-gloss clearcoat system is a type of automotive clear coat that can reproduce a range of gloss levels, making it ideal for applications that require a matte or satin finish rather than a high-gloss shine. For instance, in May 2021, PPG Industries Inc., a US-based paint and coating manufacturing company, launched a new waterborne low-gloss clearcoat system consisting of two high-quality 2K acrylic urethane clears. This system can achieve a variety of gloss levels, making it perfect for specialized refinish repairs on low-gloss finishes. This new clearcoat system is part of PPG's broad range of clearcoats designed to meet diverse bodyshop and OEM needs. This range includes their award-winning CERAMICLEAR line as well as Matt and Express Clearcoats. PPG also offers a comprehensive selection of hardeners and thinners, facilitating a wide array of repair processes, from spot repairs to complete resprays, in various temperatures and body shop conditions.

The automotive refinish market report table of contents includes:

1. Executive Summary 

2. Automotive Refinish Market Characteristics

3. Automotive Refinish Market Trends And Strategies

4. Automotive Refinish Market - Macro Economic Scenario

5. Global Automotive Refinish Market Size and Growth ..........

32. Global Automotive Refinish Market Competitive Benchmarking

33. Global Automotive Refinish Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Automotive Refinish Market

35. Automotive Refinish Market Future Outlook and Potential Analysis

36. Appendix

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The global epoxy resin market is currently witnessing substantial growth. In 2024, the market was valued at USD 2622.71 million and is anticipated to grow at a CAGR of 5.75%, projecting a value of USD 4102.63 million by 2032. The global epoxy emulsion market has experienced significant growth over the past few years, driven by increasing demand from various end-use industries such as construction, automotive, and electronics. Epoxy emulsions, known for their excellent adhesion, mechanical properties, and chemical resistance, are waterborne systems that offer environmental benefits over traditional solvent-based systems. This article delves into the market dynamics, key drivers, trends, and future prospects of the epoxy emulsion market.

Browse the full report at https://www.credenceresearch.com/report/epoxy-emulsion-market

Market Size and Forecast

As of 2023, the global epoxy emulsion market is valued at approximately USD 3.5 billion. It is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030, reaching an estimated value of USD 5.6 billion by 2030. This growth is primarily attributed to the rising awareness of environmental sustainability and the stringent regulations regarding volatile organic compounds (VOCs) emissions. The shift towards eco-friendly products in various industries has significantly bolstered the adoption of epoxy emulsions.

Key Market Drivers

1. Environmental Regulations and Sustainability: One of the primary drivers for the epoxy emulsion market is the increasing environmental regulations imposed by governments worldwide. Traditional solvent-based epoxy systems release VOCs, which are harmful to both the environment and human health. Epoxy emulsions, being waterborne, significantly reduce VOC emissions, making them a preferred choice for industries aiming to comply with environmental standards.

2. Growth in the Construction Industry: The construction industry is one of the largest consumers of epoxy emulsions. These emulsions are widely used in coatings, adhesives, and sealants due to their superior adhesion, durability, and resistance to chemicals and moisture. The ongoing infrastructure development, particularly in emerging economies, is driving the demand for epoxy emulsions in this sector.

3. Technological Advancements: Continuous advancements in epoxy emulsion technology have led to the development of products with enhanced properties such as improved flexibility, faster curing times, and better performance in extreme conditions. These innovations are expanding the application scope of epoxy emulsions, further driving market growth.

4. Automotive Industry Demand: The automotive industry is another significant end-user of epoxy emulsions. These emulsions are used in automotive coatings and adhesives, providing excellent corrosion resistance and durability. With the increasing production of electric vehicles (EVs) and the focus on lightweight materials, the demand for epoxy emulsions in the automotive sector is expected to rise.

Market Trends

The epoxy emulsion market is witnessing several notable trends that are shaping its growth trajectory. One such trend is the increasing use of bio-based epoxy emulsions. Manufacturers are investing in the development of bio-based alternatives to reduce dependence on petrochemical sources and enhance the sustainability of their products. These bio-based emulsions offer similar performance characteristics as traditional epoxy emulsions, making them suitable for various applications.

Another trend is the growing adoption of epoxy emulsions in the electronics industry. With the miniaturization of electronic components and the need for high-performance adhesives and coatings, epoxy emulsions are gaining traction due to their excellent electrical insulation properties and thermal stability.

Regional Analysis

Geographically, the Asia-Pacific region dominates the epoxy emulsion market, accounting for the largest share in terms of revenue. The rapid industrialization, urbanization, and infrastructural development in countries such as China, India, and Japan are driving the demand for epoxy emulsions in the region. North America and Europe are also significant markets, driven by the stringent environmental regulations and the presence of established end-use industries.

Key Players

The global epoxy emulsion market is highly competitive, with several key players actively investing in research and development to gain a competitive edge. Some of the leading companies in the market include:

1. BASF SE: A global leader in the chemical industry, BASF offers a wide range of epoxy emulsions for various applications. The company focuses on sustainability and innovation to meet the evolving market demands.

2. Huntsman Corporation: Huntsman is another major player in the epoxy emulsion market, known for its advanced chemical solutions and extensive product portfolio. The company's emphasis on technological advancements and customer-centric approach drives its market presence.

3. The Dow Chemical Company: Dow's extensive range of epoxy emulsions caters to diverse industries, including construction, automotive, and electronics. The company's commitment to sustainability and innovation is a key driver of its growth in the market.

4. 3M Company: 3M is renowned for its innovative solutions and high-performance materials. The company's epoxy emulsions are widely used in coatings, adhesives, and sealants, contributing to its strong market position.

Future Outlook

The future of the epoxy emulsion market looks promising, with sustained growth expected over the next decade. The increasing focus on sustainability, coupled with advancements in technology, will continue to drive the demand for epoxy emulsions across various industries. The ongoing research and development efforts to enhance the performance characteristics and expand the application scope of epoxy emulsions will further fuel market growth.

Key Players:

China Petrochemical & Chemical Corp. (SINOPEC)

Aditya Birla Chemicals (India)

Kolon Industries Inc. (South Korea)

Atul Ltd. (India)

Ciech S.A. (Poland)

Huntsman International Ltd. (U.S.)

Nan Ya Plastics Corporation (Taiwan)

Chang Chun Group (Taiwan)

Spolchemie (Czech Republic)

Olin Corporation (U.S.)

Macro Polymers (India)

Dow (U.S.), among others

Segmentation

By Type

DGBEF

Aliphatic

Glycidylamine

DGBEA

Novolac

Others

By  Technology

Liquid Epoxy

Waterborne Epoxy

Solvent-cut epoxy

Others

By Application

Paints and coatings

Grouts and Mortars

Adhesives

Composites

Electronic Encapsulation

Others

By End-User

Aerospace

Automotive and Transportation

Building and Construction

Electrical & Electronics

Marine

Others

By Region

North America

US

Canada

Mexico

Europe

Germany

France

UK.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/epoxy-emulsion-market

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Exploring the Booming Waterborne Polyurethane Market

Overview and Scope Waterborne polyurethane refers to a polyurethane polymer resin that can be dispersed in water. It has good adherence to numerous surfaces, including glass and polymeric fibres, and can be formed into coatings and adhesives.

Sizing and Forecast The waterborne polyurethane market size has grown strongly in recent years. It will grow from $5.07  billion in 2023 to $5.41  billion in 2024 at a compound annual growth rate (CAGR) of 6.6%.  The  growth in the historic period can be attributed to government investments in research and development, environmental regulations, market demand shift, advancements in formulation, industry adoption..

The waterborne polyurethane market size is expected to see strong growth in the next few years. It will grow to $6.98  billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.  The growth in the forecast period can be attributed to consumer preferences for eco-friendly products, collaboration with industries, customization, impact of covid-19 pandemic, supply chain restrictions, manpower & equipment shortage.. Major trends in the forecast period include brand reputation and consumer awareness, energy efficiency, market penetration strategies, global economic trends, focus on health & safety..

To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/waterborne-polyurethane-global-market-report

Segmentation & Regional Insights The waterborne polyurethane market covered in this report is segmented –

1) By Type: Polyurethane Emulsion, Polyurethane Dispersion, Polyurethane Aqueous Solution 2) By Application: Coating, Sealant, Adhesive, Elastomer 3) By End-use industry: Building and construction, Automotive and transportation, Bedding and furniture, Electronics, Other End Users

Asia-Pacific was the largest region in the waterborne polyurethane market share in 2023. The regions covered in the waterborne polyurethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8316&type=smp

Major Driver Impacting Market Growth The growth of the construction industry is expected to propel the growth of the waterborne polyurethane market going forward. The construction sector is involved in building infrastructure such as houses, buildings, bridges, and so on. Waterborne polyurethane coatings are used for both floor and wall coatings in various newly constructed buildings as a protective layer for abrasion resistance, weathering resistance, and chemical resistance, thereby increasing the demand for the waterborne polyurethane market. For instance, according to data by The Construction Index, a UK-based publisher of construction sector information, construction output increased by 1.7% in volume terms in March 2022 in comparison with February data in the UK. The rise in repair and maintenance (3.0%) and new work (1.0%) activity drove the increase in monthly construction production in March 2022. Therefore, the growth of the construction industry is driving demand for the waterborne polyurethane market.

Key Industry Players Major companies operating in the waterborne polyurethane market report are Covestro AG, Koninklijke DSM NV, BASF SE, Allnex Belgium SA, Dow Inc., H.B. Fuller Company, Wanhua Chemical Group Co. Ltd., SNP Inc., Kamsons Chemicals Pvt. Ltd., Axalta Coating Systems Ltd., The Sherwin-Williams Company, Perstorp AB, C.L Hauthaway & Son Corporation, Lamberti S.p.A., Sun Polymers International Inc., R. STAHL GmbH, Chemtura Corporation, Lanxess AG, Lubrizol Corporation, Bayer MaterialScience AG, PPG Industries Inc., Capital Resin Corporation, Walter Wurdack Inc., Palmer Holland Inc., SIWO US Inc., Brilliant Group Inc., Aditya Birla Chemicals Ltd., Hauthaway Corporation, Henkel AG & Co. KGaA, Huntsman Corporation, Nippon Polyurethane Industry Co. Ltd.

The waterborne polyurethane market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis . . . 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis

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Paints and Coatings Industry Size 2024 | Growth, Top players, Outlook Report 2032

IMARC Group, a leading market research company, has recently releases report titled “Paints and Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global paints and coatings market size reached US$ 177.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 269.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Significant growth in the construction industry across the globe is creating a positive outlook for the market. Paints and coatings are widely used on panels, windows, walls, roofs, door frames, and interior extrusions for protection, decoration, and aesthetics. Additionally, the widespread product adoption in the automotive industry, owing to their color stability, continuous protective film formation, corrosion, abrasion and scratch resistance, flexibility, and durability, is favoring the market growth.

Request For Sample Copy of Report: https://www.imarcgroup.com/paints-coatings-market/requestsample

Factors Affecting the Growth of the Paints and Coatings Industry:

Increasing Construction Activities:

The expanding global population and the increasing construction of residential and commercial buildings represent one of the key factors driving the demand for paints and coatings for protection and aesthetic enhancement. Paints and coatings are widely used in the construction industry to protect buildings from harsh environmental conditions, such as UV radiation, moisture, and corrosion. They also contribute to energy efficiency through reflective coatings, which help reduce cooling costs. Additionally, the rising renovation and remodeling activities of existing infrastructure are catalyzing the demand for paints and coatings.

Automotive Industry Advancements:

The increasing sales of passenger and commercial vehicles across the globe are driving the demand for high-quality coatings. These coatings are extensively used in the automotive industry for enhancing aesthetics and providing protection against corrosion and wear. In line with this, the escalating demand for visually appealing and customized vehicles is propelling the market growth. Paints and coatings enable car manufacturers to offer a wide range of colors and finishes, allowing individuals to personalize their vehicles. Moreover, advanced coatings with features like self-healing properties and resistance to scratches and chemicals are gaining popularity, contributing to the market growth.

Industrial and Protective Coatings:

The rising reliance of several industries, such as oil and gas, manufacturing, and aerospace on these specialized coatings to protect equipment and infrastructure from corrosion, abrasion, and extreme conditions is facilitating the market growth. In addition, the increasing emphasis on asset maintenance and longevity is strengthening the growth of the market. Along with this, the implementation of stringent regulations and safety standards in various industries to mandate the use of protective coatings and ensure the integrity of critical infrastructure is influencing the market positively.

Leading Companies Operating in the Global Paint and Coatings Industry:

Akzo Nobel N.V.

Asian Paints Ltd.

Axalta Coating Systems Ltd.

Berger Paints India Limited

Indigo Paints Limited

Jotun A/S

Kansai Paint Co. Ltd.

National Paints Factories Co. Ltd.

PPG Industries Inc.

RPM International Inc.

The Sherwin-Williams Company and Tiger Coatings GmbH & Co. KG.

Paints and Coatings Market Report Segmentation:

By Product:

Waterborne Coatings

Solvent-borne Coatings

Powder Coatings

High Solids/Radiation Curing

Others

Waterborne coatings dominate the market due to their environment friendly nature, low VOC content, and versatility in various applications.

By Material:

Acrylic

Alkyd

Polyurethane

Epoxy

Polyester

Others

Acrylic represents the largest market segment due to its excellent durability, weather resistance, and wide range of color options.

By Application:

Architectural and Decorative

Non-Architectural

Automotive and Transportation

Wood

General Industrial

Marine

Protective

Others

Architectural and decorative hold the largest market share as paints and coatings protect residential and commercial construction from unfavorable conditions.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Asia Pacific's dominance in the paints and coatings market is attributed to its robust construction and automotive industries, increasing urbanization, and a growing middle-class population.

Global Paints and Coatings Market Trends:

The increasing environmental awareness among the masses represents one of the primary factors propelling the market growth. Additionally, the rising preferences of individuals for sustainable and eco-friendly coatings are offering a favorable market outlook. Along with this, governing authorities and regulatory bodies around the world are implementing stricter environmental standards and regulations, which include limits on volatile organic compounds (VOCs) and hazardous chemicals in coatings. Moreover, the leading market players are investing in research and development (R&D) activities to create innovative formulations.

Other Key Points Covered in the Report:

COVID-19 Impact

Porters Five Forces Analysis

Value Chain Analysis

Strategic Recommendations

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Waterborne Coatings Market Size Worth $89.35 Billion By 2030

The global waterborne coatings market size is expected to reach USD 89.35 billion by 2030, registering a CAGR of 5.6% over the forecast period, as per the new report by Grand View Research, Inc. The growth is attributed to the rapid increase in construction activities across the globe. In addition, the growing demand for automobiles is also a major factor influencing product demand. Rapid…

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Exterior Architectural Coating Market: A Comprehensive Analysis and Forecast

The global exterior architectural coating market is expected to reach USD 39.04 billion by 2024, according to a new report by Grand View Research, Inc. Functional superiorities including weather and moisture resistance, better aesthetics and long lasting adhesion is expected to fuel market growth over the next eight years. Furthermore, rising government spending in Asian countries on infrastructure development will augment industry expansion.

Key findings from the Exterior Architectural Coating Market report:

The global demand for exterior architectural coatings was 7.12 million tons in 2015 and is expected to show high gains in light of rapid infrastructural development in India, Saudi Arabia, Thailand, Indonesia and the U.S.

Alkyd resin will witness high volume growth at a CAGR of 5.3% from 2016 to 2024. Growing usage of alkyd resins in light of their high durability and superior gloss is expected to stimulate industry growth. Furthermore, rising consumption in outdoor applications owing to its low cost along with high-temperature resistance will fuel its demand over the forecast period.

North America accounted for 22.6% of the global volume share in 2015 and is expected to witness significant gains in light of rising reconstruction activities in the U.S. coupled with infrastructure development in Canada and Mexico. Furthermore, the implementation of the National Infrastructure Program 2014 - 2018 (NIP) in Mexico is expected to promote the product growth over the forecast period.

Latin America is projected to witness substantial revenue growth at a CAGR of 6.4% from 2016 to 2024 owing to the presence of various participants including BASF, Sherwin-Williams, and AkzoNobel. Increasing government efforts to offset Brazil’s housing deficit, and provide low-interest rates for housing will stimulate product demand over the forecast period.

Exterior architectural coatings industry is dominated by major participants including PPG Industries, Nippon Paint, BASF, AkzoNobel, and Sherwin-Williams. Ongoing product innovation to produce high-performance and cost-efficient waterborne coatings is expected to industry expansion over the next eight years. For instance, in March 2015, BASF expanded their color range and production capacity for Paliocrom products to cater to the increasing demand for high-end effect pigments in coatings. BASF is expected to widen the capacity by more than 20% by 2017 for Paliocrom effect pigments.

For More Details or Sample Copy please visit link @: Exterior Architectural Coating Market

Growing demand for waterborne technology over traditional coatings, as it is cheaper and eco-friendly, will drive market growth. The introduction of green coatings coupled with the increasing usage of nanocoatings will create immense opportunities for growth over the next eight years.

Primer is expected to witness high revenue gains at a CAGR of 6.4% from 2016 to 2024 as it acts as a protector and leveler for other products including enamel and emulsions. The revenue generated by the use of exterior architectural coatings in the non-residential sector was valued at USD 8.20 billion in 2015 and is expected to witness rise on account of growing FMCG, IT, telecom and retail sector in MEA and Asia Pacific. Moreover, rapid industrialization, increasing FDI and government infrastructure spending will promote market growth.

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Architectural Coatings Market Share, Size - Verified Industry Insights

Our Verified Industry Insights report on the Global Architectural Coatings Market is an invaluable source of information for stakeholders in the market. Our report provides an in-depth analysis of the current market outlook, opportunities, and trends and also offers a comprehensive overview of the market including historical data, market size, and forecast as well. It also provides an overview of the major market players in the market and their competitive landscape.

Architectural Coatings Market was valued at USD 68.65 Billion in 2021 and is projected to reach USD 118.21 Billion by 2030, growing at a CAGR of 6.78% from 2023 to 2030.

The report also offers an in-depth analysis of the latest industry developments, such as new product launches, mergers & acquisitions, strategic collaborations, and partnerships with other market players. Furthermore, the report also provides an inside look at the competitive landscape and a detailed assessment of the market segments to help stakeholders make informed decisions. Additionally, the report offers insights into the industry dynamics which can help readers to understand the forces acting upon the market and the factors driving its growth. With the help of this report, our readers can gain comprehensive and reliable insights into the Global Architectural Coatings Market.

Get a Sample PDF copy of this Architectural Coatings Market Report: 

Architectural Coatings Market report also includes a pricing analysis for each type, manufacturer, region, and global price from 2018 to 2030. This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth.

This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.

Major Players Covered in this Report are:

PPG Industries, Inc., Akzo, Nobel N.V., The Sherwin-Williams Company, Kansai Paints Co., Ltd., BASF SE, Axalta Coating Systems, LLC, Brillux GmbH & Co. KG, Asian Paints Limited, Nippon Paint Holdings Co., Ltd., RPM International Inc., NIPSEA Group, BASF SE, Masco Corporation, Jotun Group, Colorado Commercial & Residential Painting and others

One of the important sections of the research study includes the company profiling of key figures of the Architectural Coatings Market. The authors of the report closely analyze all of the leading companies considered for the research study on the basis of different factors such as their main business, gross margin, and markets served. They also consider their prices, revenue, and production apart from the specification and application of their products. The review period considered here is of nine years.

Global Architectural Coatings Market Segmentation Analysis

The outbreak of COVID-19 has dramatically changed the Architectural Coatings Market. Worldwide, the industry saw signs of recovery in the second quarter, but the industry remains concerned about the prospects of long-term recovery as COVID-19 cases continue to rise, especially in Asian countries such as India.

Architectural Coatings Market, By Resin Type

Acrylic Resin

Alkyd Resin

Vinyl Resin

Polyurethane Resin

Architectural Coatings Market, By Technology

Waterborne Coatings

Solvent-borne Coatings

Powder Coatings

Architectural Coatings Market, By Application

Residential

Non-Residential

Since the start of the pandemic, the industry received a series of blows and surprises. The pandemic has also led to many changes in buyer behavior and attitude. Thus, it is putting additional stress on the industry. This, in turn, is expected to restrain the growth of the market.

Some of the Key Questions Answered in this Report:

What is the Architectural Coatings Market size at the regional and country-level

What are the key drivers, restraints, opportunities, and challenges of the Architectural Coatings Market , and how they are expected to impact the market

What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Architectural Coatings Market

Who are the global key manufacturers of the Architectural Coatings Market? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)

What are the Architectural Coatings Market opportunities and threats faced by the vendors in the Architectural Coatings Market?

Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

What focused approach and constraints are holding the Architectural Coatings Market?

What are the different sales, marketing, and distribution channels in the global industry?

What are the key market trends impacting the growth of Architectural Coatings Market ?

Economic Impact on the Architectural Coatings Market and development trend of the Architectural Coatings Market

What are the Architectural Coatings Market opportunities, market risk, and market overview of the Atorvastatin Calcium market

Each chapter of the report provides detailed information for readers to understand the Architectural Coatings Market further:

Chapter 1: Architectural Coatings Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023 to 2030. Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers' commercial date of Architectural Coatings Market, product type offered by each manufacturer, Mergers & Acquisitions activities, and Expansion activities that occurred in the Architectural Coatings Market. Chapter 3: Architectural Coatings Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Architectural Coatings Market in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Chapter 4: Architectural Coatings Market Product Application, Volume, and Revenue Analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023 to 2030. Chapter 5 to 9: Architectural Coatings Market Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa, including volume and revenue analysis. Chapter 10: Manufacturers' Outline, covering the company's basic information like headquarter, contact information, major business, Architectural Coatings Market introduction, etc. Architectural Coatings Market Sales, Revenue, Price, and Gross Margin of each company, as well as Recent Developments, are also contained in this part. Chapter 11: Industry chains, like raw materials, and manufacturing costs, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter. Chapter 12: Market Channels, Distributors, and Customers are listed. Chapter 13: Verified Market Reports Conclusions of Architectural Coatings Market based on comprehensive survey. Chapter 14: Methodology and Data Sources.

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Verified Industry Insights is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies.

We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

Our research spans a multitude of industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages, etc. Having serviced many Fortune 2000 organizations, we bring a rich and reliable experience covering all research needs.

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Revolutionizing the Paints and Coatings Industry: Top Manufacturers, Market Trends, and Disruptive Innovations

The paints and coatings industry are a diverse and vital sector that plays a crucial role in numerous fields, from construction and automotive to aerospace and consumer goods. This industry revolves around the production and application of paints, coatings, varnishes, and other related products used to protect and enhance surfaces, while also providing aesthetic appeal.

The paints and coatings market are currently experiencing a surge in research and development endeavours driven by the ever-evolving demands of end-users. This dynamic landscape has been shaped by remarkable transformations in the industry, fuelled by technological advancements, environmental consciousness, and shifting consumer preferences. Innovations across raw materials, manufacturing processes, and application techniques have led to the emergence of eco-friendly and sustainable coatings, effectively aligning the sector with global initiatives to mitigate environmental impact.

In this article, we will delve into the leading manufacturers, market trends and disruptive innovations in paints and coatings technology.

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Top Market Trends in the Paints and Coatings Industry

The paints and coatings industry are constantly evolving to meet the demands of consumers and industries. Several market trends have emerged in recent years, shaping the direction of the industry. Here are some of the top market trends, along with examples:

Sustainability and Eco-Friendly Solutions: PPG Industries, one of the leading paint and coatings manufacturers, introduced the "Envirobase High Performance" automotive refinish system. This waterborne coating system significantly reduces VOC emissions compared to traditional solvent-based coatings, promoting environmental sustainability in the automotive industry.

Digitalization and Smart Coatings: AkzoNobel's "Dulux Visualizer" is an innovative mobile application that uses augmented reality to help users visualize different paint colors on their walls in real-time. This digital tool revolutionizes the paint selection process for consumers, making it more convenient and accurate.

Nanotechnology and Enhanced Performance: Nippon Paint's "Nano-Cluster Technology" is a breakthrough in anti-corrosion coatings. By incorporating nano-sized particles into the paint, this technology provides superior protection against rust and corrosion, extending the lifespan of coated surfaces.

Biocidal and Antimicrobial Coatings: Sherwin-Williams offers "Paint Shield," a unique paint that incorporates an EPA-registered antimicrobial agent. This paint actively kills bacteria on painted surfaces, making it ideal for healthcare facilities, schools, and other high-traffic areas where hygiene is crucial.

High-Performance Ceramic Coatings: Tesla's "Solvay Xencor™ LFT" coating is a ceramic-based thermal barrier coating applied to its electric vehicle batteries. This advanced coating helps manage battery temperature, enhancing overall performance and extending battery life.

Last 3 Years Top Innovations that Disrupted the Paints and Coatings Market

Innovation plays a vital role in driving the paints and coatings industry forward. Over the last three years, several disruptive innovations have emerged, revolutionizing the market. Here are some of the top innovations, along with examples:

Self-Healing Coatings: Scientists at the University of Michigan developed a self-healing coating that repairs surface damage autonomously. The coating contains microcapsules filled with healing agents. When the coating is scratched or damaged, the microcapsules rupture, releasing the healing agents to mend the imperfections.

3D Printing of Coatings: Researchers at the Massachusetts Institute of Technology (MIT) explored 3D printing techniques to create coatings with complex patterns and functionalities. 3D printing allows for precise control over coating thickness and composition, enabling customized solutions for various applications.

Solar-Reflective Cool Coatings: Dow Chemical Company developed "ACRYSOL Reflective Coating," a cool roof coating that reflects sunlight and reduces the heat absorbed by roofs. This innovation helps lower indoor temperatures and reduces energy consumption for cooling in buildings.

Transparent and Conductive Coatings: Researchers at the University of Groningen in the Netherlands developed a transparent coating that conducts electricity. This innovation has potential applications in the electronics industry, where transparent conductive coatings are essential for touchscreens and flexible displays.

Hybrid Organic-Inorganic Coatings:   BASF introduced "N-Methylpyrrolidone (NMP)-free" hybrid coatings that combine organic and inorganic components. These coatings offer improved adhesion, scratch resistance, and chemical resistance while eliminating the use of harmful solvents.

Top Paints and Coatings Manufacturers                                

The paints and coatings market are dominated by several industry leaders known for their quality products and global reach. Let's explore some of the top paints and coatings manufacturers:

Akzo Nobel N.V.: Akzo Nobel is a Dutch multinational company and one of the largest manufacturers of paints, coatings, and specialty chemicals. They produce a wide range of decorative paints, performance coatings, and industrial coatings for various sectors.

PPG Industries, Inc.: PPG is a leading American multinational company known for its diverse portfolio of paints, coatings, and specialty materials. They cater to industries such as automotive, aerospace, construction, and industrial applications.

Sherwin-Williams Company: Sherwin-Williams is a well-established American paint and coatings manufacturer, offering a wide range of products, including architectural paints, industrial coatings, and wood finishes.

Nippon Paint Holdings Co., Ltd.: Nippon Paint, based in Japan, is a global leader in the paints and coatings market. They offer a broad range of products, including automotive coatings, industrial coatings, and decorative paints.

RPM International Inc.: RPM International is an American company that owns various brands specializing in paints, coatings, and sealants for industrial, consumer, and construction applications.

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See Also: Top Lubricants Companies, Worldwide 2023

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research and facilitates analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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The study, entitled 'Worldwide Waterborne Coatings Market Research Report', has conducted extensive research by analysts to provide an in-depth assessment of the global market.