According to the latest market research study released by Technavio, the global waterborne coatings market is expected to grow at a CAGR of close to 5% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global waterborne coatings market based on product type:
Global waterborne coatings market share by product type 2015
|
Water-Soluble Paints |
49.5% |
|
Emulsion-Latex Coatings |
44.5% |
|
Water-Based Alkyd Coatings |
6.0% |
Source: Technavio
Global waterborne coatings market by water-soluble paints
The global waterborne coatings market by water-soluble paints was valued at almost $29 billion in 2015 and will grow at a CAGR of close to 5% by 2020. These paints contain water-soluble resins that are produced by the process of polycondensation and polymerization in an organic solvent medium. These resins include polyesters, polyacrylates, alkyds, epoxies, and epoxy esters. The water-soluble paints contain alcohols, glycol ethers, and other oxygen-containing solvents that are miscible with water.
“These paints provide corrosion protection and aesthetic appeal to the applied surface and have low VOC content. The primary end-users of this market segment are automotive and architecture industries and are used for coating automotive parts like interior body components to prevent it from rusting corrosion and fouling. Some of the resin possesses high-performance acrylic binders that are used to coat metal surfaces,” says Swapnil Tejveer Sharma, a lead analyst at Technavio for research on paints, coatings, and pigments.
Global waterborne coatings market by emulsion-latex coatings
The global waterborne coatings market by emulsion-latex coatings was valued at more than $25 billion in 2015 and will grow at a CAGR of over 4% by 2020. These paint coatings contain small groups or clusters of insoluble resin particles that are suspended in water and are used as coalescing agents for proper film formation. These include resins like styrene-butadiene copolymers, polyester resins, acrylic resins, alkyd resins, polyvinyl acetate resins, polystyrene resins, polyurethane resins, and epoxy resins. The primary end-user for this market segment are architectural finishes and finished wood products industries.
Global waterborne coatings market by water-based alkyd coatings
The global waterborne coatings market by water-based alkyd coatings was valued at more than $3 billion in 2015 and will grow at a CAGR of around 4% by 2020. These coatings are alkyd resins, and it takes more time than the solvent-borne coatings to dry. These paints are mainly used in wood decks and garden furniture to protect them safe from moisture and sunlight. Water-based alkyd coatings are applied to protect all wooden deck construction from sun, humidity, and insects. These coatings are cheaper variations of VOC compliant coatings.
The top leading vendors operating in the global waterborne coatings market are:
- Akzo Nobel
- Axalta Coating Systems
- BASF
- PPG Industries
- RPM International
- Sherwin-Williams
Other prominent vendors in the market include Jotun, Kansai Paint, Nippon Paint, Sika, and Valspar.
A more detailed analysis is available in the Technavio report titled, ‘Global Waterborne Coatings Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Residential Architectural Coatings Market 2015-2019
- Global Interior Architectural Coatings Market 2015-2019 – Market Research Report
- Global Commercial Architectural Coatings Market 2015-2019
- Global Exterior Architectural Coatings Market 2015-2019
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