Overview:

The global architectural waterborne coatings market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. 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.

Architectural coatings are meant to protect and decorate the surface features. Such coatings can be applied on the outer as well as inner surfaces and include sealers, or specialty products.

Market Dynamics:

Introduction of new facade coatings is a major factor driving growth of the global architectural waterborne coatings market. The durability of exterior coatings has always been a challenge for vendors in the market. Hence, key players are focusing on the introduction of products for exterior applications such as facades.

In addition, growing residential and commercial construction across the globe and rising disposable income of individuals are some other major factors expected to support growth of the global market. Also, growing consumer base, rising population, and product advancements are among the other factors resulting in growth of the global market.

However, emerging stringent government regulations and growing pricing pressure are some key factors hampering growth of the target market to a certain extent.

Key Trends:

Rising focus on raw material advancement and development among raw material suppliers is a key trend witnessed in the global architectural waterborne coatings market. For instance, in December 2019, ALLNEX NETHERLANDS B.V. has launched two waterborne acrylic dispersions in combination with a new dispersing agent. In addition, in November 2019, Evonik Industries AG has launched new dispersant viz. TEGO Dispers 689. This is a specially designed that helps to improve the performance of architectural coating formulations.

Regional Analysis:

For detailed understanding of market dynamics, the global architectural waterborne coatings market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently Asia Pacific region is dominating the global market closely followed by Europe. This is owing to growing residential and commercial infrastructure projects in countries such as China and India in the region and rising number of market players in the region. In addition, availability of raw material at low cost in the region is another factor supporting the market growth.

In addition, North America region is expected to witness considerable growth over the forecast period. This growth is mainly driven by growing use of waterborne coatings among commercial end users.

Scope of the Report:

Detailed Segmentation:

Global Architectural Waterborne Coatings Market, By Resin Type:

• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• PTFE
• Others

Global Architectural Waterborne Coatings Market, By Application:

• Interior Coating
• Exterior Coating

Global Architectural Waterborne Coatings Market, By End User:

• Residential
• Commercial

Key Players Covered:

Key players operating in the global architectural waterborne coatings market includes BASF SE, AkzoNobel N.V., Axalta Coating Systems LLC, Berger Paints India Ltd., Valspar Corporation, PPG Industries Inc., Kansai Paint Co., Ltd., The Sherwin-Williams Company, Asian Paints Limited, and Nippon Paint Holdings Company Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Architectural Waterborne Coatings Market by resin type, application, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global architectural waterborne coatings market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.