The global waterborne coatings market is significantly penetrating in their end-user industries. The characteristics of the end products differ as per the requirements of end- user industries and for different applications. The Asia-Pacific region is expected to grow at a high CAGR with its growing demand for waterborne coatings in different applications, especially for the building & construction, automotive, coatings, and other segments. The Asia-Pacific and RoW markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of waterborne coatings to replace other solvent borne coatings and match the new demands coming from various types of applications.
Asia-Pacific is the largest region, both in terms of volume and value, followed by Western Europe. China, Japan, U.S., Germany, India, Brazil, and Russia are expected to persist as successful waterborne coatings markets. The key players in the waterborne coatings market are AkzoNobel N.V. (the Netherlands), Axalta Coating Systems (U.S.), BASF (Germany), Berger Paints India Limited (India), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited(Japan), PPG Industries Inc. (U.S.), RPM International Inc. (U.S.), The Sherwin Williams Company (U.S.), The Valspar Corporation (U.S.), and Tikkurila Oyj (Finland).
The Eastern and Central European, emerging South-East Asian, and Latin American nations that will host future global events would supplement the growth of waterborne coatings in different applications. Governmental regulations and proposals for improvement of infrastructure, and the rising housing market in emerging economies will drive the waterborne coatings market.
The waterborne coatings demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The current market value of the global waterborne coatings market (2012) is about $52917.9 million and is estimated to reach $77838.71 million by 2019, at a CAGR of 5.92 percent between 2014 and 2019. The high demand across the industries, such as coatings, construction, automotive, consumer goods, electrical/electronics, textile, and industrial coatings, will increase the overall waterborne coatings consumption.