Market Size of Emulsion Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| 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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Emulsion Coatings Market Analysis
The global emulsion coatings market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factors driving the growth of the market studied are soaring demand for water-based coatings and rising building & construction industry in emerging economies.
- Impact of COVID-19 pandemic is likely to hinder the markets growth.
- Market shift towards eco-friendly coatings is likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Emulsion Coatings Industry Segmentation
The global emulsion coatings market report includes:
| Resin Type | |
| Acrylic | |
| Vinyl Acetate Ethylene | |
| Polyurethane | |
| Other Resin Types |
| Application | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Food Processing | |
| Home Appliances | |
| Marine | |
| Textile | |
| Other Applications |
| Geography | ||||||||
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Emulsion Coatings Market Size Summary
The emulsion coatings market is poised for robust growth, driven by the increasing demand for water-based coatings and the expanding building and construction industry in emerging economies. The shift towards eco-friendly coatings presents new opportunities for market expansion. The Asia-Pacific region is anticipated to lead the market, with China playing a pivotal role due to its significant economic contributions from manufacturing and construction sectors. The region's dominance is further supported by China's strategic initiatives like the 'Made in China 2025' plan, which aims to enhance manufacturing capabilities and address environmental concerns through advanced production techniques.
Acrylic resins, known for their transparency, UV resistance, and low VOC emissions, constitute a substantial portion of the emulsion coatings market. These resins are particularly valued in construction applications due to their durability and resistance properties. The demand for water-based acrylic coatings is rising, driven by environmental considerations regarding air quality. The market is characterized by a partial consolidation, with key players such as AkzoNobel N.V., NIPSEA GROUP, PPG Industries, Inc., RPM International Inc., and The Sherwin-Williams Company leading the industry. Despite the challenges posed by the COVID-19 pandemic, the market is expected to maintain a steady growth trajectory over the forecast period.
Emulsion Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Soaring Demand for Water based Coatings
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1.1.2 Rising Building & Construction Industry in Emerging Economies
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porters Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Acrylic
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2.1.2 Vinyl Acetate Ethylene
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2.1.3 Polyurethane
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2.1.4 Other Resin Types
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2.2 Application
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2.2.1 Aerospace
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2.2.2 Automotive
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2.2.3 Building and Construction
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2.2.4 Food Processing
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2.2.5 Home Appliances
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2.2.6 Marine
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2.2.7 Textile
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2.2.8 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Emulsion Coatings Market Size FAQs
What is the current Emulsion Coatings Market size?
The Emulsion Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Emulsion Coatings Market?
AkzoNobel N.V., NIPSEA GROUP, PPG Industries, Inc., RPM International Inc. and The Sherwin-Williams Company are the major companies operating in the Emulsion Coatings Market.
