Emulsion Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Emulsion Coatings Market Analysis
The global emulsion coatings market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factors driving the growth of the market studied are soaring demand for water-based coatings and rising building & construction industry in emerging economies.
- Impact of COVID-19 pandemic is likely to hinder the markets growth.
- Market shift towards eco-friendly coatings is likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Emulsion Coatings Market Trends
This section covers the major market trends shaping the Emulsion Coatings Market according to our research experts:
Acrylic Resins to be the Dominant Segment
- Acrylic resins are thermoplastic resins produced by the polymerization of meth acrylic acid esters (methacrylate), or acrylic acid esters (acrylates). Acrylic resins develop properties such as transparency, high color ability, and UV resistance in coating solutions. They are used in waterborne systems very often, which results in low VOC emission.
- Acrylic coatings constitute about 30% of the overall emulsion coatings market. Acrylic emulsion coatings are highly hydrophobic, alkali resistant, corrosion resistance, and durable.
- Due to these characteristic properties, they are used in construction applications, such as tanks, bridges, structural steel, concrete structures, and railcars.
- Furthermore, water-based acrylic coatings are high in demand, owing to environmental concerns, like the negative impact of VOCs affecting the air quality in the environment has been significant growth of emulsion coatings market during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
- China's 13th Five Year Plan started in 2016 as it was an important year for the country's engineering, procurement, and construction (EPC) industry. In addition to this, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country.
- China is the largest manufacturer of automobiles in the world. The country's automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
- The production is expected to reach 30 million units by 2020, owing to the 'Made in China 2025' initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. 'Automobile Mid and Long-Term Development Plan', was released in 2017, with an objective to make China a strong auto power in the next ten years.
- Due to all such factors, the market for emulsion coatings in the region is expected to have a steady growth during the forecast period.
Emulsion Coatings Industry Overview
The emulsion coatings market is partially consolidated in nature. Some of the major players in the market include AkzoNobel N.V., NIPSEA GROUP, PPG Industries, Inc., RPM International Inc., and The Sherwin-Williams Company, among others.
Emulsion Coatings Market Leaders
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AkzoNobel N.V.
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NIPSEA GROUP
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PPG Industries, Inc.
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RPM International Inc.
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The Sherwin-Williams Company
*Disclaimer: Major Players sorted in no particular order
Emulsion Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Soaring Demand for Water based Coatings
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4.1.2 Rising Building & Construction Industry in Emerging Economies
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4.1.3 Other Drivers
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4.2 Restraints
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4.2.1 Impact of COVID-19 Pandemic
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4.2.2 Other Restraints
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4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Acrylic
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5.1.2 Vinyl Acetate Ethylene
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5.1.3 Polyurethane
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5.1.4 Other Resin Types
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5.2 Application
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5.2.1 Aerospace
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5.2.2 Automotive
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5.2.3 Building and Construction
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5.2.4 Food Processing
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5.2.5 Home Appliances
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5.2.6 Marine
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5.2.7 Textile
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5.2.8 Other Applications
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 AkzoNobel N.V.
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6.4.2 Berger Paints India Limited
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6.4.3 CARPOLY
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6.4.4 Chemetall
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6.4.5 Chugoku Marine Paints
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6.4.6 Hempel A/S
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6.4.7 Jotun
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6.4.8 Kansai Paint Co. Ltd
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6.4.9 Mascoat
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6.4.10 NIPSEA GROUP
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6.4.11 PPG Industries, Inc.
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6.4.12 RPM International Inc.
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6.4.13 Sika AG
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6.4.14 The Sherwin-Williams Company
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6.4.15 Yip's Chemical Holdings Limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Market Shift Towards Eco-friendly Coatings
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Emulsion Coatings Industry Segmentation
The global emulsion coatings market report includes:
| Resin Type | |
| Acrylic | |
| Vinyl Acetate Ethylene | |
| Polyurethane | |
| Other Resin Types |
| Application | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Food Processing | |
| Home Appliances | |
| Marine | |
| Textile | |
| Other Applications |
| Geography | ||||||||
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Emulsion Coatings Market Research FAQs
What is the current Emulsion Coatings Market size?
The Emulsion Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Emulsion Coatings Market?
AkzoNobel N.V., NIPSEA GROUP, PPG Industries, Inc., RPM International Inc. and The Sherwin-Williams Company are the major companies operating in the Emulsion Coatings Market.
Which is the fastest growing region in Emulsion Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Emulsion Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in Emulsion Coatings Market.
What years does this Emulsion Coatings Market cover?
The report covers the Emulsion Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Emulsion Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Emulsion Coatings Industry Report
The Emulsion Coatings Market report provides a comprehensive analysis of market trends and is segmented by various resin types including acrylic, vinyl acetate ethylene, polyurethane, and other resin types. It covers multiple applications such as aerospace, automotive, building and construction, food processing, home appliances, marine, textile, and other applications across different geographies including Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa.
The industry report highlights the market share, market size, and revenue growth rate for the Emulsion Coatings market. It includes an industry analysis with a market forecast outlook, providing a historical overview and future predictions. The report also features insights into market leaders, market trends, and market growth, offering a detailed market overview and segmentation.
Industry reports and industry research indicate that the Emulsion Coatings market is poised for significant growth, driven by various market forces and trends. The market forecast suggests a positive market outlook, with increasing market value and market data supporting this growth. The industry information and industry statistics provided in the report offer a thorough market review and industry outlook.
The market analysis includes a detailed examination of market segmentation and market value, with industry sales and industry size being key metrics. The report example and report PDF available for download provide a comprehensive view of the market, including industry trends and market predictions. Research companies have contributed to the report, ensuring accurate and up-to-date market information. The report summary is designed to be easy to read, containing all the necessary phrases to provide a complete picture of the Emulsion Coatings market.
