Water Borne Latex Paints Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Water Borne Latex Paints Market Analysis
The market for water-borne latex paints is expected to grow at a CAGR of more than 5.5% during the forecast period. Major factors driving the market studied is stringent environmental, and regulations to control VOC emissions.
- On the flip side, longer curing time is likely to hinder the market.
- Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.
Water Borne Latex Paints Market Trends
This section covers the major market trends shaping the Water Borne Latex Paints Market according to our research experts:
Construction Segment to Witness Strong Growth
- The increasing middle-class population, coupled with their increasing disposable income, has facilitated the expansion in the middle-class housing segment, thereby, increasing the use ofresidential construction, during the forecast period.
- The governments in many countries have also supported to fulfill the supply-demand gap, for housing.
- For instance, to provide for the UK’s housing supply crisis, the Manchester city council has collaborated with other developers to build 500 sites, through individual development programs across Greater Manchester and Liverpool.
- The highest growth is expected to be registered in the Asia-Pacific region, due to the expanding housing construction market in China and India.
- The Asia-Pacific has the largest low-cost housing construction segment, which is led by China, India, and various Southeast Asian countries.
- 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.
- All the aforementioned factors are likely to augment the market over the forecast period.
China to Dominate the Asia-Pacific Region
- China is the largest consumer of water-born latex paints market in Asia-pacific. Latex-based waterborne coatings makeup approximately 80 percent of demand in the market and are being widely used in 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.
- The Chinese government is stepping up its restrictions on coatings with a high volatile organic compound (VOC) content. Such stringent regulations are boosting the consumption of water-borne latex paints market.
- Currently, China is majorly focusing on increasing the production and sale of electric vehicles in the country. For this purpose, the country has planned to increase the production of electric vehicles (EVs) to 2 million a year by 2020, and 7 million a year by 2025. The target, if achieved, is expected to increase the share of electric vehicles to 20% of total new car production for China, by 2025. This is further likely to increase the production of vehicles in the country, in the coming years.
- Hence, with the anticipated increase in the production of electric vehicles in the country, the demand for water-borne latex paints is also expected to increase in the transportation industry, during the forecast period.
- Under China’s 13th Five Year Plan, there are numerous airport construction projects that are either in the development or planning stage. These include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Chongqing Jiangbei International Airport, Guangzhou Baiyun International Airport, etc.
- Hence, all such market trends in the country are likely to drive the demand for water-borne latex paints, during the forecast period.
Water Borne Latex Paints Industry Overview
The water-borne latex paints market is consolidated. The major players include AkzoNobel N.V, BASF SE, PPG Industries Inc, The Sherwin-Williams Company, Arkema Group, among others.
Water Borne Latex Paints Market Leaders
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AkzoNobel N.V
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BASF SE
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PPG Industries Inc
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The Sherwin-Williams Company
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Arkema Group
*Disclaimer: Major Players sorted in no particular order
Water Borne Latex Paints 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 Stringent Environmental Regulations to Control VOC Emissions
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4.1.2 Increasing Demand for Building and Construction
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4.2 Restraints
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4.2.1 Longer Curing Time
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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 Porter's Five Forces 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 End-User Industry
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5.1.1 Construction
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5.1.1.1 Residential
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5.1.1.2 Commercial
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5.1.2 Transportation
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5.1.3 Industrial
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5.1.4 Other End-user Industries
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Italy
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5.2.3.4 France
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East & Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & 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 Arkema Group
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6.4.3 Asian Paints Limited
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6.4.4 BASF SE
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6.4.5 Benjamin Moore & Co
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6.4.6 Berger Paints India Limited
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6.4.7 Dow
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6.4.8 Masco Corporation
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6.4.9 Nippon Paint Holdings Co. Ltd
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6.4.10 PPG Industries Inc.
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6.4.11 RPM International Inc.
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6.4.12 The Sherwin-Williams Company
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6.4.13 Tikkurila OYJ
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Water Borne Latex Paints Industry Segmentation
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Water Borne Latex Paints Market Research FAQs
What is the current Water-borne Latex Paints Market size?
The Water-borne Latex Paints Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Water-borne Latex Paints Market?
AkzoNobel N.V, BASF SE, PPG Industries Inc, The Sherwin-Williams Company and Arkema Group are the major companies operating in the Water-borne Latex Paints Market.
Which is the fastest growing region in Water-borne Latex Paints Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Water-borne Latex Paints Market?
In 2024, the Asia Pacific accounts for the largest market share in Water-borne Latex Paints Market.
What years does this Water-borne Latex Paints Market cover?
The report covers the Water-borne Latex Paints Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Water-borne Latex Paints Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Water-borne Latex Paints Industry Report
Statistics for the 2024 Water-borne Latex Paints market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Water-borne Latex Paints analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
