Water-borne Latex Paints Market - Forecast(2024 - 2030)

Report Code: CMR 77503 Report Format: PDF + Excel
Overview

Water-borne Latex Paints Market size is forecast to reach $102.59 billion by 2025, after growing at a CAGR of 5.57% during 2020-2025. Water-borne latex paints are formulated on the base of water as the major solvent serving as a vehicle carrying the solid components. Water-borne paints generally contain up to 15% of hydrocarbon solvents, which control the paint wettability and viscosity. Increasing usage of water borne latex paints in construction, transportation and automobile industries is driving the water-borne latex paints market. 
 
Key Takeaways
  • APAC dominates the water borne latex paints market owing to increasing demand from end use industries such as construction and transportation.  
  • Water-borne latex paints are ideal primers as they posses good resistance to heat and abrasion.
  • Due to growing construction industry, the water-borne latex paints market is expected to grow during the forecast period. 
By End-user Industry - Segment Analysis

Construction segment held a significant share in water-borne latex paints market in 2019 growing at a CAGR of 6.12% during the forecast period. Increasing disposable income, coupled with increasing middle-class population has facilitated the expansion in the middle-class housing segment, thereby, increasing the use of residential construction. Interior wall coatings occupy a major part of construction market. Water-borne latex paints are used as standard technology to help in reducing VOC content in the atmosphere due to which the water-borne latex paints market is expected to grow during the forecast period. Moreover, photocuring of waterborne latex paints under sun and visible-light sources is done which is known as photocurable latex coatings. 

Geography- Segment Analysis

Asia Pacific dominated the water-borne latex paints market with a share of more than 39%, followed by North America and Europe.  Due to expanding housing construction market in China and India the highest growth is expected to be registered in this region. In India, the government initiated project ‘Housing for All by 2022’, which is expected to immensely drive the low-cost residential construction segment in the country, throughout the forecast period. Architectural applications, where consumers are willing to pay a premium for less toxic paints, and the automotive sector, which is traditionally a key user of latex-based paints demand in the region. 

Drivers – Water-borne Latex Paints Market 
  • Increasing demand from construction and automotive industries
There has been a shift toward waterborne latex paints, especially in the automotive basecoats, due to environmental concerns. The automotive industry is driving the waterborne latex paints market as automobile manufacturers are using waterborne coatings instead of solvent borne coatings due to increased regulatory reasons. These initiatives from regulatory bodies are expected to be the winning imperative for players in the waterborne latex paints market. Waterborne latex paints help to protect the building from extreme rain, sun, and wind. This growth is supported by the growing construction industry in APAC, especially in countries such as India and China, where there is a rapid increase in infrastructural activities. The Chinese government is stepping up its restrictions on coatings with a medium volatile organic compounds (VOC) content. Such stringent regulations are boosting the consumption of water-borne latex paints market.

Challenges – Water-borne Latex Paints Market
  • Longer curing time
Water-borne latex paints take longer curing time compared to solvent-borne coatings which is expected to hinder the water-borne latex paints market. Consumers have to take that point into consideration before embarking on the coating process, as specialized drying equipment might be required. In the case of coating a car for instance, the oil- based primer can be applied to all cars and allowed to dry overnight before applying the color and finish coatings the following day. Moreover, water-borne latex paints are more expensive than solvent-borne paints. 

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the water-borne latex paints market. In 2019, the market of water-borne latex paints has been consolidated by the top five players accounting for xx% of the share. Major players in the water-borne latex paints market are Asian Paints Limited, RPM International Inc., Nippon Paint Holdings Co. Ltd, AkzoNobel N.V, BASF SE, PPG Industries Inc, The Sherwin-Williams Company and Arkema Group among others. 

Agreement
  • In July 2019, Brenntag signed an agreement with Arkema for distribution of waterborne resins. Arkema's waterborne resins are often utilized in end use applications such as adhesives, caulks and sealants, construction products, architectural paints, traffic coatings, and industrial coatings. The product lines include over 45 waterborne resins.
1. Water-borne Latex Paints Market - Overview
        1.1 Definitions and Scope
2. Water-borne Latex Paints Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Water-borne Latex Paints Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Water-borne Latex Paints Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Water-borne Latex Paints Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Water-borne Latex Paints Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Water-borne Latex Paints Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Water-borne Latex Paints Market - By Product Type (Market Size -$Million / $Billion)
9. Water-borne Latex Paints Market - By End-user Industry (Market Size -$Million / $Billion)
        9.1 Construction
            9.1.1 Residential
            9.1.2 Commercial
        9.2 Transportation
        9.3 Industrial
        9.4 Others
10. Water-borne Latex Paints - By Application Type (Market Size -$Million / $Billion)
11. Water-borne Latex Paints- By Geography (Market Size -$Million / $Billion)
        11.1 Water-borne Latex Paints Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Water-borne Latex Paints- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Water-borne Latex Paints- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Water-borne Latex Paints - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong Kong
                  11.8.5.9 Rest of APAC
        11.9 Water-borne Latex Paints - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Water-borne Latex Paints Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Water-borne Latex Paints Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at a global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Water-borne Latex Paints Market - Key Company List by Country Premium
15. Water-borne Latex Paints Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Akzonobel N.V
        15.3 Aps Inc
        15.4 Arkema Sa
15.5 Asian Paints Limited
        15.6 Basf Se
15.7 Benjamin Moore & Co
15.8 Berger Paints India Limited
        15.9 Bodycote Plc
15.10 DowDuPont Inc.
15.11 Masco Corporation
15.12 Nippon Paint Holdings Co., Ltd.
        15.13 Ppg Industry
        15.14 Rpm International Inc
        15.15 The Sherwin-Williams Company
        15.16 Tikkurila Oyj
        15.17 Company 16
        15.18 Company 17 & More
*Financials would be provided on a best efforts basis for private companies
16. Water-borne Latex Paints Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Water-borne Latex Paints Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

LIST OF FIGURES

1.US Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
2.Canada Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
3.Mexico Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
4.Brazil Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
5.Argentina Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
6.Peru Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
7.Colombia Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
8.Chile Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
9.Rest of South America Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
10.UK Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
11.Germany Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
12.France Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
13.Italy Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
14.Spain Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
15.Rest of Europe Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
16.China Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
17.India Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
18.Japan Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
19.South Korea Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
20.South Africa Water-borne Latex Paints Market Revenue, 2023-2030 ($M)
21.North America Water-borne Latex Paints By Application
22.South America Water-borne Latex Paints By Application
23.Europe Water-borne Latex Paints By Application
24.APAC Water-borne Latex Paints By Application
25.MENA Water-borne Latex Paints By Application
26.Akzonobel N.V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arkema Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Paint Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Aps Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Bodycote Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Ppg Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Rpm International Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.The Sherwin-Williams Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Tikkurila Oyj, Sales /Revenue, 2015-2018 ($Mn/$Bn)