Global Waterborne Coating Additives Market – Industry Trends and Forecast to 2031

Waterborne Coating Additives Market Analysis and Size

The construction and infrastructure sectors have been experiencing growth globally. Waterborne coatings are widely used in architectural coatings for buildings, bridges, and other infrastructure projects, contributing to the overall demand for these coatings is expected to fuel the growth of the global waterborne coating additives market.

Data Bridge Market Research analyses that the global waterborne coating additives market was valued at USD 3.90 billion in 2023 is expected to reach the value of USD 6.31 billion by 2031, at a CAGR of 6.2% during the forecast period of 2024 to 2031. 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

Market Definition

The waterborne coating additives market involves the production, distribution, and utilization of chemical substances designed to enhance the performance and characteristics of waterborne coatings. These aqueous formulations, featuring reduced volatile organic compound (VOC) content, find application in diverse industries. C

Global Waterborne Coating Additives Market Dynamics

Driver

• Growing Demand for eco-Friendly Products

The rise in consumer awareness about environmental impact prompts a significant shift towards eco-friendly choices. Consumers, prioritizing sustainability, now influence manufacturers to opt for waterborne coatings and adhesives. These products, marked by lower volatile organic compounds (VOCs) and reduced environmental footprint, align with consumers' desire for responsible purchases. This preference is driving manufacturers to meet market demands by adopting waterborne formulations, reflecting a broader commitment to eco-conscious practices. The resulting synergy between consumer choices and manufacturing decisions underscores the pivotal role of consumer preferences in shaping a sustainable and responsible landscape in the waterborne coatings and adhesives market.

• Growing Construction and Infrastructure Activities

Global construction and infrastructure sectors are undergoing substantial expansion, and waterborne coatings are playing a crucial role in this growth trajectory. Architectural coatings for structures which include buildings and bridges increasingly rely on waterborne formulations, significantly boosting the overall demand for these coatings. As construction activities surge worldwide, waterborne coatings emerge as preferred solutions due to their versatility and environmental advantages. Their widespread application in diverse infrastructure projects underscores their importance in meeting industry requirements while aligning with sustainability goals. The escalating demand within the construction and infrastructure realms underscores waterborne coatings' pivotal role in enhancing the aesthetic and protective features of various structures on a global scale.

Opportunity

• Growth in Automotive Industry Trends

The automotive industry, a major consumer of coatings, is witnessing a notable transition towards the adoption of waterborne coatings. This shift is propelled by the industry's imperative for coatings that not only fulfill aesthetic requirements but also adhere to stringent environmental standards. The demand for waterborne coatings in the automotive sector underscores a collective commitment to sustainability, as these coatings typically exhibit lower volatile organic compound (VOC) levels. Manufacturers in the automotive industry are increasingly recognizing the significance of aligning their coating choices with both aesthetic preferences and the growing emphasis on environmentally conscious practices, driving the uptake of waterborne coatings.

• Growing Furniture and Woodworking Industry

The burgeoning furniture and woodworking industry is increasingly turning to waterborne coatings and adhesives, driven by several key factors. These formulations offer a distinct advantage with their low toxicity, reduced odor, and compliance with stringent environmental regulations. In wood-related applications such as finishing and bonding, waterborne solutions provide a safer working environment, ensuring the well-being of workers and end-users. Moreover, these coatings and adhesives contribute to a more sustainable and eco-friendly approach, aligning with the industry's growing commitment to responsible manufacturing practices. The adoption of waterborne formulations enhances overall operational efficiency and product quality, positioning them as the preferred choice in the expanding furniture and woodworking sector.

 Restraints/Challenges

• Regulatory Compliance

The adoption of waterborne coatings faces hurdles due to regulatory compliance challenges. Manufacturers encounter difficulties in navigating stringent standards and continually evolving compliance requirements. The need for constant vigilance and adjustment to meet compliance standards underscores the complex and dynamic nature of regulatory considerations within the industry, affecting the production and formulation processes of waterborne coatings.

• Stability Issues

Stability issues in waterborne coatings are intricately linked to their susceptibility to environmental conditions, particularly temperature and humidity, both during storage and application phases. These coatings, comprising water as a solvent, are sensitive to extreme temperatures. Freezing temperatures can induce water crystallization, altering the coating's composition and, consequently, its performance. Conversely, high temperatures can impact viscosity and drying characteristics. The presence of water in these coatings also renders them prone to humidity-related challenges during application. Excessive humidity can impede the evaporation of water from the coating, prolonging drying times and potentially compromising the coating's quality.

This global waterborne coating additives 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 global waterborne coatings adhesives 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.

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.

Recent Development

• In February 2022, The Sherwin-Williams Company signed an agreement with the State of North Carolina and the city of Statesville to expand its architectural paint and coatings manufacturing capacity. This includes the 36,000-square-foot expansion, the addition of four new rail spurs, and the construction of an 800-square foot distribution and fleet transportation center

Global Waterborne Coating Additives Market Scope

The global waterborne coating additives market is segmented into type, end-use industry, application technique and resin type. 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.

Type

• Rheology Modifiers
• Dispersing Agents
• Wetting Agents
• Defoamers
• Biocides
• Others

End-Use Industry

• Architectural Coatings
• Automotive Coatings
• Industrial Coatings
• Packaging Coatings
• Wood Coatings
• Others

Application Technique

• Brush and Roller Application
• Spray Application
• Dip Coating
• Others

Resin Type

• Acrylic
• Polyurethane
• Alkyd
• Epoxy
• Others

Global Waterborne Coating Additives Market Regional Analysis/Insights

The global waterborne coating additives market is analyzed and market size insights and trends are provided by type, end-use industry, application technique and resin type as referenced above.

The countries covered in the global waterborne coating additives market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.

North America is the dominating region in global waterborne coating additives market, holding the highest share as has a robust presence of key end-use industries such as construction, automotive, and industrial manufacturing. These sectors have a significant demand for coatings, and the shift towards waterborne formulations is notable.

U.S dominates in the global waterborne coating additives market as U.S. has implemented strict environmental regulations that limit the use of high-VOC coatings. Waterborne coatings, with their lower VOC content, align with these regulations, driving their adoption in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as 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 Global Waterborne Coating Additives Market Share Analysis

The global waterborne coating additives 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 global waterborne coating additives market.

Some of the major players operating in the global waterborne coating additives market are:

• BASF SE (Germany)
• Akzo Nobel N.V. (Netherlands)
•  Dow (U.S.)
• Evonik Industries AG ( Germany)
• Eastman Chemical Company (U.S.)
• Arkema Group (France)
• Momentive Performance Materials Inc. (U.S.)
• Clariant AG ( Switzerland)
• DIC Corporation ( Japan)
• Elementis plc (U.K.)

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