Global Water-based Coatings Market Size By Type, By Application, By Geographic Scope And Forecast
Water-based Coatings Market Size And Forecast
Water-based Coatings Market was valued at USD 70.39 Billion in 2019 and is projected to reach USD 98.69 Billion by 2027, growing at a CAGR of 4.3 % from 2020 to 2027.
Global Water-based Coatings Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as environmental regulations boosting the demand for VOC- free coatings and high growth in end-use industries is to propel the market growth. However, uneven enforcement, availability of substitutes, and sensitivity to humidity is hampering the global water-based coatings market. Moreover, aspects like growth prospectus in highly regulated regions and high growth potential in emerging economies offer a lucrative opportunity to the market growth. On the other hand, making products and services available in varied countries considering their trade norms is a key challenge for the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Water-based Coatings Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Water-based Coatings Market Competitive Landscape
The Global Water-based Coatings Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as The Sherwin-Williams Company, BASF SE, Akzonobel N.V., PPG Industries Inc., RPM International Inc., Asian Paints Limited, Axalta Coating Systems LLC, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, and Others.
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