Business

Waterborne Coating Additives Market Key Players and Global Industry Demand by 2032

The global waterborne Coating Additives market size was USD 3.56 Billion in 2022 and is expected to reach USD 5.16 Billion by 2032, and register a rapid revenue CAGR of 4.2% during the forecast period. Rising demand for aqueous coating additives across various end-use industries, including automotive, building and construction, furniture, and packaging is a key factor driving market revenue growth. Waterborne Coatings are rising in demand due to their eco-friendliness, low Volatile Organic Compounds (VOC) emissions, and great durability. Waterborne coatings are frequently utilized in Automotive Coatings because of superior adhesion, corrosion resistance, and flexibility. In addition, increasing need for eco-friendly and sustainable coatings is another key factor driving revenue growth of the market.

Additionally, the anticipated surge in demand for waterborne coatings within the construction industry is poised to propel market revenue growth during the forecast period. In construction, the escalating pace of urbanization and heightened consumer awareness regarding environmentally friendly coatings are driving the need for waterborne coatings. Moreover, the increasing trend toward sustainable packaging is another significant factor bolstering market revenue growth. Waterborne coatings are commonly employed in food packaging due to their non-toxic and environmentally friendly properties.

Furthermore, the rising trend of sustainable packaging continues to drive market revenue growth. Waterborne coatings find extensive use in food packaging owing to their non-toxic and eco-friendly nature. Additionally, bio-based aqueous coating additives are gaining traction as sustainable and environmentally benign alternatives. These additives are derived from renewable resources such as plants, animals, and microbes, further contributing to sustainability efforts in the coatings industry.

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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.

While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.

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Moreover, the report provides insight into how the Waterborne Coating Additives market will develop between 2024 and 2032. Companies operating in the Waterborne Coating Additives market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Waterborne Coating Additives market is expected to undergo significant changes that will highly configure its growth.

Furthermore, the report highlights the growth prospects of the Waterborne Coating Additives market and estimates market progress in terms of value (USD million) and volume (thousand units).

Competitive Landscape:

  • AkzoNobel N.V.
  • Arkema S.A.
  • BASF SE
  • Croda International Plc
  • Dow Chemical Company
  • Evonik Industries AG
  • Lonza Group AG
  • Wacker Chemie AG
  • The Lubrizol Corporation
  • Clariant AG

Segments Covered in Report:

By Type Outlook

  • Defoamers
  • Rheology Modifiers
  • Dispersants
  • Wetting Agents
  • Others

By Application Outlook

  • Architectural
  • Automotive
  • General Industrial
  • Wood
  • Packaging
  • Others

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Key Questions Answered in This report on the Waterborne Coating Additives Market

The report provides detailed information about the Waterborne Coating Additives market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Waterborne Coating Additives market, so as to help them formulate successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue from the advantages of the product?
  • What will be the Y-o-Y growth of the Waterborne Coating Additives market between 2024 and 2032?
  • What are the winning imperatives of market frontrunners in the Waterborne Coating Additives market?
  • Which end-user is expected to undertake maximum adoption of the product during the forecast period?

Research Methodology: Waterborne Coating Additives Market

The research methodology adopted by analysts to compile the Waterborne Coating Additives market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Waterborne Coating Additives market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Waterborne Coating Additives market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Waterborne Coating Additives market.

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