Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by
Infinium Global Research on the architectural waterborne coatings market provides an in-depth analysis of segments and sub-segments in the global as well as
regional architectural waterborne coatings market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional architectural waterborne coatings market over the short term as well
as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global architectural waterborne coatings market. According
to the report, the global architectural waterborne coatings market is projected
to grow at a significant CAGR over the forecast period of 2022-2028.
Coatings are products used to
enhance the appearance of a building and protect it from elements such as
moisture, UV radiation, and microbes. These coatings are applied to commercial
and residential buildings. Paints, primers, lacquers, varnishes, and stains are
some of the major types of architectural coating products. These products are
formulated using a variety of resins such as acrylic, alkyds, polyester, and
polyurethane, and can be categorized into two major technologies such as
solvent-borne and waterborne coatings. Waterborne coatings have water as the
solvent base, thereby making these coatings environment-friendly and easy to
apply. With increasing awareness of VOC emissions, growth in waterborne
coatings is expected to be dynamic over the forecast period.
Demand for waterborne
architectural coatings is expected to increase in the next few years because of
an increase in civil construction activities across the globe and increased
investments in the maintenance and repair of existing buildings. The market is
expected to grow significantly during the forecast period primarily because of
increased demand from emerging markets such as the APAC region. The recovery of
the global housing markets has contributed to a rise in demand for
architectural coatings. Furthermore, the increasing disposable income of
consumers in emerging markets and a growing need for durable waterborne
architectural coatings that reduce the frequency of renovation suggest that the
uptake of premium products will be greater than in the previous five years. The
high-performance waterborne architectural coatings that are offered by several
regional vendors will create considerable growth opportunities. However,
High-cost of the products will hamper the growth of the market during the
forecast period.
COVID-19 is an incompatible
worldwide public health emergency that has affected every industry. The
long-term effects are projected to impact the expansion of the worldwide architectural
waterborne coatings market during the forecast period. During the COVID-19
pandemic, the architectural coatings industry was impacted by a lack of
subcontractors &raw materials, supply chain disruptions, partial or
suspended production, and travel restrictions, all of which affect demand from
the architectural, automotive, and aerospace sectors. Furthermore, the
decreased demand from construction and the general industrial sector due to
trade restrictions imposed by several countries globally is expected to hamper
the growth of the architectural waterborne coatings market during the COVID-19
pandemic.
Based on the region, the worldwide
architectural waterborne coatings market is segmented into the Asia Pacific,
North America, Europe, and also the Mideast & Africa. Among the regions,
North America holds the largest share of the worldwide architectural waterborne
coatings market. North America has been registering strong growth in the
aerospace industry, which is expected to drive the consumption of anti-icing
coating over the forecast period. Initiatives under the Clean Energy
Ministerial (CEM) like the electric vehicle initiative and the growing
popularity of electric vehicles are likely to drive the consumption of
anti-icing coating in the near future and will drive the growth of the market
within the European region. Furthermore, the Asia Pacific region is anticipated
to grow at the fastest rate within the architectural waterborne coatings market
over the forecast period.
The report on the global architectural
waterborne coatings market covers segments such as resin type, application, and
end-user. On the basis of resin type, the sub-markets include acrylic,
polyester, alkyd, epoxy, polyurethane, and others. On the basis of application,
the sub-markets include interior, and exterior. On the basis of end-user, the
sub-markets include residential, and commercial.
The report provides profiles of
the companies in the market such as PPG Industries Inc., AkzoNobel N.V., BASF
SE, Asian Paints Ltd, Benjamin Moore & Co., DAW SE, Masco Corporation,
Nippon Paint Holdings, Sherwin-Williams Company, and Valspar Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the architectural waterborne coatings market. Moreover, the study
highlights current market trends and provides forecasts from 2022-2028. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.