Global Water Based High Performance Coatings Market
Tamaño del mercado en miles de millones de dólares
Tasa de crecimiento anual compuesta (CAGR) : %
Período de pronóstico |
2022 –2029 |
Tamaño del mercado (año base) |
USD 16,530.00 Million |
Tamaño del mercado (año de pronóstico) |
USD 35,952.21 Million |
Tasa de crecimiento anual compuesta (CAGR) |
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Jugadoras de los principales mercados |
Global Water-Based High-Performance Coatings Market, By Resin (Polyurethane, Acrylic, Polyester, Epoxy), End User (Transportation, Consumer Goods, Industrial) - Industry Trends and Forecast to 2029
Water-Based High-Performance Coatings Market Analysis and Size
The water-based high-performance coatings are mainly used in construction activities for screed compound, waterproofing, damp proofing, crack filling, plaster additive, and others. The increasing need for housing, increasing demand for better physical infrastructures, and the higher growth rate of the population are expected to drive the growth of the water-based high performance coatings market. The flourishing growth in construction industry and high adoption of water based high performance coatings in commercial, as well as industrial infrastructure, are the leading factors which have boosted the growth of the global water based high performance coatings market
Data Bridge Market Research analyses that the water-based high-performance coatings market is expected to undergo a CAGR of 10.20% during the forecast period. This indicates that the market value, which was USD 16530.00 million in 2021, would rocket up to USD 35,952.21 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
Report Metric |
Details |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2014 - 2019) |
Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
Segments Covered |
Resin (Polyurethane, Acrylic, Polyester, Epoxy), End User (Transportation, Consumer Goods, Industrial) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered |
BASF SE (Germany), AkzoNobel N.V. (Netherlands), PPG Industries (U.S.), Valspar (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems LLC (U.S.), Berger Paints India Limited (India), Nippon(India) Paint Company Limited (India), KANSAI PAINT CO., LTD (Japan), RPM International (U.S.), Tikkurila OYJ (Finland), Endura Manufacturing Company Ltd (Canada), Kansai Paint Co., Ltd.(Japan), TAO-CHUGOKU CO., LTD. (Thailand), Thermal Chem Corporation (U.S.), Asian Paints (India), MBCC Group (Germany) |
Market Opportunities |
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Market Definition
Water-based coatings is also called dispersion coatings which use water as a dissolvable for the scattering of pitch and makes these kinds of coatings easy to apply and eco-accommodating. The water based high performance coatings approx. contain around 80% of water with little amounts of solvents such as glycol ethers. They have great protection from scraped spots and deal with magnificent attachment to the substrate.
Water-Based High-Performance Coatings Market Dynamics
Drivers
Drivers
- Rising demand of water based high performance coatings due to large application
Water based high performance coatings are particularly used for protective coating, quick-drying, etc. for metal, floors and other surfaces. Water based high performance coatings can be used as floor paints in an application such as commercial or industrial flooring. It is also used over the concrete floors in the industrial and commercial industry such as in commercial and retail stores, airplane hangars, manufacturing plants, garages, airplane hangars industrial plants, airplane hangars, hospitals, showrooms and among others which are expected to drive the growth rate of the market
- Rapid urbanization and high investment
Rapid urbanization and high investment in the construction sector in developing economies such as India, is the main contributing aspect to the water-based high-performance coatings market which is expected to drive the water-based high-performance coatings market growth rate.
- Increasing demand of Water based high performance coatings in building and construction sector
The building and construction sector is growing rapidly in both developing and developed economies, due to growing demand for commercial sectors such as industrial corridors, malls, offices, hotels and others. Also, increasing investments in building and construction infrastructure in some countries have led the building and construction sector to witness significant growth of the Water based high performance coatings market.
Opportunities
- Technology advancement
The technological advancement in water based high performance coatings is related to the emission of VOC which is highly efficient as compared to older technologies, water based high performance coatings are capable of dropping the overall environmental impact, which will act as market drivers and further boost beneficial opportunities for the growth of the water based high performance coatings market.
- Rising interest in self-cleaning super-hydrophobic surface
Super-hydrophobicity on surfaces are the combination of chemical modifications and surface texturing. Super hydrophobic nanocomposites can be applied to create a super hydrophobic coating, such as water based high performance coatings to coat the highly accessible surfaces and normally touched surfaces. These augmented water based high performance coatings applications are thus expected to increase the scope of the overall industry share in the upcoming years.
Restraints/ Challenges
- Presence of alternatives
The availability of alternatives of water based high performance coatings such as solvent based high performance coatings are expected to restrain the demand of the water based high performance coatings which obstruct the market growth rate of the market during the forecast period.
This water-based high-performance coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the water-based high-performance coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Water-Based High-Performance Coatings Market
The COVID-19 pandemic had impacted the growth of the water-based high-performance coatings market. From a regional point of view, the outbreak of COVID-19 has caused a major setback to the export-oriented economy of countries due to the closing down of manufacturing plants in the country. The construction sector is harshly affected as self-isolation, social distancing, and city-wide lockdowns have forced many locations to stop construction overall the globe and construction sites, except those working on important projects like hospitals. All this has impacted the overall silicon coating consumption across all the countries.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Water-Based High-Performance Coatings Market Scope
The water-based high-performance coatings market is segmented on the basis of resin and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Resin
- Polyurethane
- Acrylic
- Polyester
- Epoxy
End User
- Transportation
- Consumer Goods
- Industrial
Water-Based High-Performance Coatings Regional Analysis/Insights
The water-based high-performance coatings market is analysed and market size insights and trends are provided by country, resin and end user as referenced above.
The countries covered in the water-based high-performance coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the water-based high-performance coatings market due to the rapid adoption of environment-friendly coatings, rising demand from the automotive industry and rising constructions industry in this region.
North America will continue to project the highest compound annual growth rate during the forecast period due to the presence of established end-user industries with a resurgence in the construction industry in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Water-Based High-Performance Coatings Market Share Analysis
The water-based high-performance coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to water-based high-performance coatings market.
Some of the major players operating in the water-based high-performance coatings market are:
- BASF SE (Germany)
- AkzoNobel N.V. (Netherlands)
- PPG Industries (U.S.)
- Valspar (U.S.)
- The Sherwin-Williams Company (U.S.)
- Axalta Coating Systems LLC (U.S.)
- Berger Paints India Limited (India)
- Nippon (India) Paint Company Limited (India)
- KANSAI PAINT CO., LTD (Japan)
- RPM International (U.S.)
- Tikkurila OYJ (Finland)
- Endura Manufacturing Company Ltd (Canada)
- Kansai Paint Co., Ltd. (Japan)
- TAO-CHUGOKU CO., LTD. (Thailand)
- Thermal Chem Corporation (U.S.)
- Asian Paints (India)
- MBCC Group (Germany)
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Metodología de investigación
La recopilación de datos y el análisis del año base se realizan utilizando módulos de recopilación de datos con muestras de gran tamaño. La etapa incluye la obtención de información de mercado o datos relacionados a través de varias fuentes y estrategias. Incluye el examen y la planificación de todos los datos adquiridos del pasado con antelación. Asimismo, abarca el examen de las inconsistencias de información observadas en diferentes fuentes de información. Los datos de mercado se analizan y estiman utilizando modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíe su consulta.
La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (experto en la industria). Los modelos de datos incluyen cuadrícula de posicionamiento de proveedores, análisis de línea de tiempo de mercado, descripción general y guía del mercado, cuadrícula de posicionamiento de la empresa, análisis de patentes, análisis de precios, análisis de participación de mercado de la empresa, estándares de medición, análisis global versus regional y de participación de proveedores. Para obtener más información sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.
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