Global Water-based Alkyd Coatings Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Water-based Alkyd Coatings Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Application (Architectural, Industrial, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.