Market Overview

The Global Water-based Alkyd Coatings Market was valued at USD 8,658.2 million in 2023 and is expected to reach USD 14,009.5 million by 2031 while growing at a CAGR of 6.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global water-based alkyd coatings market growth. Water-based alkyd coatings, a paint type merging traditional alkyd properties with water as the main solvent, provide durability, adhesion, and a glossy finish. Unlike traditional alkyd coatings containing volatile organic compounds (VOCs) contributing to pollution and health issues, water-based alkyd coatings use water as the solvent to address environmental concerns.

Increasing environmental regulations and sustainability, along with the drive to reduce volatile organic compounds, are propelling the growth of the water-based alkyd coatings market. Despite this positive momentum, challenges such as curing time, film formation, and performance issues may impede further expansion.

Furthermore, the global water-based alkyd coatings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Water-based Alkyd Coatings Market is segmented among Architectural, Industrial, and Others, based on Application. In 2023, Industrial accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Water-based Alkyd Coatings Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Akzo Nobel N.V., Axalta Coating Systems, Brillux GmbH & Co. KG, Cromology, DAW SE, Hempel A/S, Jotun, Kansai Paint Co.,Ltd., National Paints Factories Co. Ltd., and NIPSEA GROUP.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Water-based Alkyd Coatings Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Water-based Alkyd Coatings Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Water-based Alkyd Coatings Market Segmentation, By Application 

• Global Water-based Alkyd Coatings Market Share Analysis, By Application 

• Global Water-based Alkyd Coatings Market Growth Analysis, By Application 

• Global Water-based Alkyd Coatings Market Trends, By Application 

o Architectural

o Industrial

o Others

6. Global Water-based Alkyd Coatings Market Segmentation, By Region

• Global Water-based Alkyd Coatings Market Share Analysis, By Region

• Global Water-based Alkyd Coatings Market Growth Analysis, By Region

• Global Water-based Alkyd Coatings Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Akzo Nobel N.V.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Axalta Coating Systems

• Brillux GmbH & Co. KG

• Cromology

• DAW SE

• Hempel A/S

• Jotun

• Kansai Paint Co.,Ltd.

• National Paints Factories Co. Ltd.

• NIPSEA GROUP

 *Similar analysis will be provided for each company listed above.