Water Based Enamel Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3945
Water Based Enamel Market size is increasing rapidly owing to the growing demand from construction, furniture and automotive industry. The frequent use of product in various ancillaries and other related applications is likely to complement the product market in the near future. Positive growth in construction activities in developing nations due to cumulating population will boost the housing need and is likely to be a crucial factor the water based enamel market demand in future. This is mainly due to the extensive usage of product in coating applications to improve thermal protection, wear resistance, glazing, etc. Water based enamels can be solvent borne or water borne, which generally uses water as the solvent medium depending upon the required formulation for different applications. Furthermore, swelling demand for water based enamel in the furniture industry for various applications such as cabinets, flooring, etc. owing to its lower VOC emissions and quick drying ability.
The stringent environment regulations across the world regarding the usage of chemicals that release high quantities of volatile organic compounds will support the overall water based enamel market growth by 2025. The aforementioned factor restricts the usage of solvent and oil based enamels and simultaneously promoted the use of water based enamel. Moreover, water based enamel provide a wide range of benefits that include low friction, toughness, corrosion resistance, abrasion resistance, electrical insulation & resistivity, etc. that makes building suitable for external protection from various external factors in everyday use. Additionally, rising demand of water based enamels from automotive industry for protective coating and safeguarding the automobile from external environments will directly swell the demand for the product across the globe over the forecast period.
Water based enamel application in humid and dry conditions may hamper the product market size. Moreover, lack of glossy finish and superior surface hardness that can be achieved by other enamels such as oil. This in turn may impact the water based enamels market growth during the projected timeframe.
By type, water based enamel market share is classified into polyurethane, styrene butadiene and acrylic. Polyurethane water-based enamels are specially prepared for wood floors and concrete. Additionally, it provides excellent resistance to scraping, scuffing, flaking, fading, chalking and yellowing, etc. On the basis of end-use sector, water based enamels are categorized into construction, automotive, ancillaries, furniture, etc. Rising demand from construction and automotive industry will surge the product demand in the coming years. Moreover, upward demand for water based enamels in wall putty and other ancillaries will swell the product market size in the near future.
Asia Pacific water based enamel market size is projected to grow with a significant CAGR owing to rise in infrastructural spending with respect to building and construction activities to meet the needs of rising population in the region. Increasing disposable income and quality of living in various countries such as China, India and Japan are expected to surge the product market in the region. Moreover, countries in the region are expanding economically as well as increasing foreign investment will drive the product market in the near future. Growing automotive industry in Asia Pacific and Europe will swell the demand for water based enamel for various coating and safeguard applications. North America is also anticipated to perceive high demand for the product as a result of rising application in paints & coatings and furniture. Increasing infrastructure expansion in the Middle East & African region is expected to surge the product demand during the projected timespan.
Some of the major players in the water based enamel market share are BASF SE, AkzoNobel, Nippon Paint, NOROO Paints & Coatings, Asian Paints, PPG Industries Inc, Taubmans, The Dow Chemical Company, Dulux, Sherwin-Williams & Valspar, etc.
Water Based Enamel Market, By Type, 2014-2025
- Styrene butadiene
Water Based Enamel Market, By End-use Sector 2014-2025
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- BASF SE
- Nippon Paint
- NOROO Paints & Coatings
- Asian Paints
- PPG Industries Inc
- The Dow Chemical Company
- Sherwin-Williams & Valspar
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