Water borne Protective Coatings Market was valued at USD 23.5 Billion in 2022 and is projected to reach USD 35.2 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
Looking ahead, the outlook for the waterborne protective coatings market from 2023 to 2033 is expected to remain positive, with steady growth anticipated due to the increasing focus on sustainability, environmental regulations, and the demand for eco-friendly products. As governments around the world impose stricter regulations on VOC emissions and environmental pollution, the demand for waterborne coatings is expected to increase. Additionally, advancements in nanotechnology, which enhance the performance of coatings, are likely to drive innovation in the market. The shift towards electric vehicles (EVs) and the growing focus on reducing carbon footprints will also contribute to the demand for waterborne protective coatings in automotive applications.
With industries across the globe striving to meet sustainability targets, waterborne coatings are emerging as the preferred choice for manufacturers looking to reduce their environmental impact. Furthermore, the waterborne coatings market is expected to benefit from the growing demand in emerging economies such as India, China, and Brazil, where industrial and infrastructure development is rapidly expanding. As companies continue to innovate and create more cost-effective and high-performance coatings, it is expected that the market will see continued growth and diversification over the next decade.
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The waterborne protective coatings market has witnessed substantial growth from 2018 to 2022, driven by increasing demand from industries such as construction, automotive, marine, and infrastructure development. Waterborne coatings offer significant advantages over solvent-based alternatives, including lower VOC emissions, enhanced environmental compliance, and improved durability. As a result, manufacturers have been investing in research and development to create high-performance waterborne coatings that meet the diverse needs of these industries. In 2022, the global market for waterborne protective coatings was valued at several billion dollars, with the Asia-Pacific region contributing significantly to this growth due to rapid industrialization and urbanization.
Akzo Nobel
PPG Industries
The Sherwin-Williams
The Valspar
Jotun
Hempel Group
Kansai Paints
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Water borne Protective Coatings Market
Infrastructure
Commercial real estate
Industrial plants & facilities
Oil & gas
Power
Mining
Based on Types the Market is categorized into Below types that held the largest Water borne Protective Coatings market share In 2023.
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Water borne Protective Coatings Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Water borne Protective Coatings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Water borne Protective Coatings Market, By Type
6. Global Water borne Protective Coatings Market, By Application
7. Global Water borne Protective Coatings Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Water borne Protective Coatings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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