According to a new market report published by
Lucintel, the future of the global waterborne coating industry looks promising with
opportunities in architectural, general industrial, automotive,
packaging, protective, wood, marine, coil, and others. The waterborne coating
industry is expected to reach an estimated $86.6 billion by 2021 and it is
forecast to grow at a CAGR of 6.0% from 2016 to 2021.The major growth drivers
for this market are growth in the construction industry, and increasing renovation
activities, and stringent environmental regulations leading to the use of
solvent-free formulations.
In this market, architectural, general industrial,
automotive, packaging, and protective are the major segments of the waterborne
coatings industry. On the basis of our comprehensive research, Lucintel
forecasts that the protective application segment is expected to show above
average growth during the forecast period.
Within the global waterborne coatings industry,
the architectural application segment is expected to remain the largest market.
Economic development in Asia Pacific, particularly China and India, has
presented opportunities for waterborne coatings in the construction industry,
which would spur growth for this segment over the forecast period.
The acrylic based waterborne coating segment is expected to remain
the largest market by resin type because of its excellent chemical properties, low
cost, and availability. Therefore, its demand is increasing significantly
across a number of applications.
Asia Pacific is expected to remain the largest
market due to an increase in the construction activity and rapid growth in
automotive production in China, India, and Japan.
Asia Pacific and the Rest of the World are
expected to witness above average growth over the forecast period due to strict
government regulations about the use of low volatile organic compounds and
hazardous air pollutants emission products; there is also growing demand for
waterborne coatings from every end user industry application.
For business expansion, the report suggests
new product development to reduce VOC emission and enhance weathering
properties of waterborne coatings. The report further suggests the development
of partnerships to create win-win situations and the development of low-cost
solutions for end users.
Emerging trends, which have a direct impact on
the dynamics of the market, include the development of nanoparticles waterborne
coating for improving the performance and development of polythiophene
waterborne coating for steel. PPG Industries, Akzo Nobel N.V., Sherwin
Williams, Valspar Corporation, and Axalta Coating Systems are among the major
suppliers of waterborne coatings.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global waterborne coatings industry by application type, by resin type, by
solubility, and region, and has compiled a comprehensive research report
entitled, “Growth
Opportunities for the Global Waterborne Coatings Industry 2016-2021: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a springboard for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions of the
market. The study includes a forecast for the global waterborne coatings industry
by application type, resin type, solubility, and region, as follows:
By application type [Volume (Billion Pounds)
and $ Billion shipments from 2010 to 2021]:
- Architectural
- General Industrial
- Automotive
- Packaging
- Protective
- Wood
- Marine
- Coil
- Others
By resin type [Volume (Billion Pounds) and $
Billion shipments from 2010 to 2021]:
- Acrylic based waterborne coating
- Alkyd based waterborne coating
- Polyurethane based waterborne coating
- Polyester based waterborne coating
- Epoxy based waterborne coating
- Others
By solubility [Volume (Billion Pounds) and $
Billion shipments from 2010 to 2021]:
- Soluble
- In-Soluble
By region [Volume (Billion Pounds) and $ Billion
shipments from 2010 to 2021]:
- North America
- Europe
- Asia Pacific
- Rest of World
This
221-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q. 1 What
are some of the most promising, high-growth opportunities for the waterborne
coating by
application type (architectural, general industrial, automotive, packaging,
protective, wood, marine, coil and others),
by resin type (acrylic, alkyd, polyurethane, polyester, epoxy and others), by
solubility (soluble and insoluble), and by region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q. 3 Which region will grow at a faster pace and
why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and competitive
threats in this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products and
processes in this area and how big of a threat do they pose for loss of market
share via material / product substitution?
Q.11. What M&A activity has occurred in the last
5 years and what has its impact been on the industry?
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