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Water-based Alkyd Coatings Market Size (2024 - 2029)

The water-based alkyd coatings market is anticipated to experience growth driven by the transition from solvent-based to water-based technologies, despite challenges such as extended drying times. The architectural segment holds a substantial portion of the market and is projected to maintain a robust growth trajectory. The Asia-Pacific region leads in market dominance and is expected to sustain its position throughout the forecast period.

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Market Size of Water-based Alkyd Coatings Industry

Water Based Alkyd Coatings Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Water Based Alkyd Coatings Market Key Players

*Disclaimer: Major Players sorted in no particular order

Water-based Alkyd Coatings Market Analysis

The market for water-based alkyd coatings is expected to grow at a CAGR of more than 4% during the forecast period. The major factor driving the growth of the market studied is the shift from solvent-based to water-based technology. On the flipside, significantly high drying time is expected to hinder the growth of the market studied.

  • The architectural segment dominated the market with a significant share and is expected to witness a healthy growth rate during the forecast period.
  • Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period.

Water-based Alkyd Coatings Industry Segmentation

The water-based alkyd coatings market report includes:

Application
Architectural
Industrial
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South-America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East & Africa
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Water-based Alkyd Coatings Market Size Summary

The water-based alkyd coatings market is poised for growth, driven by a significant shift from solvent-based to water-based technologies. This transition is largely due to the environmental benefits and regulatory pressures favoring greener alternatives. Water-based alkyd coatings are particularly valued in the architectural segment, which holds a substantial market share and is expected to continue its upward trajectory. The coatings are renowned for their durability and ease of renovation, making them a preferred choice in both residential and commercial applications. Despite the advantages, the market faces challenges such as longer drying times, which could impede growth.

The Asia-Pacific region leads the market, supported by robust construction activities in countries like China and India. These nations are experiencing a surge in housing and infrastructure projects, driven by government initiatives and economic growth. The region's dominance is further bolstered by the increasing adoption of water-based alkyd coatings, which align with the region's regulatory standards and sustainability goals. Key players in the market, including Hempel A/S, Akzo Nobel N.V., PPG Industries, Inc., and The Sherwin-Williams Company, are actively contributing to the market's expansion through strategic initiatives and innovations.

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Water-based Alkyd Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Shift from Solvent-based to Water-based Technology

      2. 1.1.2 Increasing Demand from the Construction Industry

    2. 1.2 Restraints

      1. 1.2.1 Significantly High Drying Time

      2. 1.2.2 Impact of COVID-19 Pandemic

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Architectural

      2. 2.1.2 Industrial

      3. 2.1.3 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 United Kingdom

        2. 2.2.3.2 France

        3. 2.2.3.3 Germany

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South-America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 United Arab Emirates

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Rest of Middle East & Africa

Water-based Alkyd Coatings Market Size FAQs

The Water-based Alkyd Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Hempel A/S, The Sherwin-Williams Company, Akzo Nobel N.V. and PPG Industries, Inc. are the major companies operating in the Water-based Alkyd Coatings Market.

Water-based Alkyd Coatings Report Snapshots

Water-based Alkyd Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)