Water Borne Coatings Market Global Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Water Borne Coatings market. This Research Report Forecast 2020-2023 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data.
The global water borne coatings market was worth $188.9 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.7% and reach $264.01 billion by 2023.
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Scope: 1) By Type: Acrylic; Epoxy; Polyurethane; Polyester; Alkyd; Polyvinylidene Chloride (PVDC); Polyvinylidene Fluoride (PVDF); Others 2) By Application: Appliances ; Automotive ; Architectural ; Marine ; Packaging ; Wood ; General industrial
Companies Mentioned: BASF SE; Axalta Coating Systems LLC; Berger Paints India Ltd; Kansai Paint Co., Ltd.; Nippon Paint Holdings Company Ltd
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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There is a rapid growth in consumption of water borne coatings in many industries such as automotive, construction and manufacturing. Water borne coatings are widely used in printing inks, in the automotive OEM sector, platics and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for water borne coatings.
-An extensive analysis of the Water Borne Coatings market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments
-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Water Borne Coatings market between 2020 and 2023
Smart coatings and high performance coating technologies are being adopted by companies to enhance efficiencies of coating compounds. Nano coatings, are a type of smart coating that have extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion and micro bacterial growth. Fluoropolymer coating is known for its high performance properties such as long life cycle and high cost efficiency.
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Rising costs is acting as a restraint on the water borne coatings market. The rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments in research and development of new products. For instance, in the US, raw material costs for coatings producers generally were around 40-55% of total sales in 2018, and total cost of goods sold encompassed 55-70% of sales. Additionally, companies invested heavily on marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk and air-freight rates also negatively impacted the market. This rise in operating costs increased pressure on companies to protect margins while maintaining the quality of their products.
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A list of key factors responsible for building the upcoming opportunistic roadmap for the Water Borne Coatings market at the Global, regional, and country level.
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