Water-borne Latex Paints Market Size (2024 - 2029)

The water-borne latex paints market is anticipated to experience significant growth, driven by stringent environmental regulations aimed at controlling VOC emissions. However, the market's expansion may be challenged by the longer curing time associated with these paints. The Asia-Pacific region leads in market consumption, with countries like India and China at the forefront.

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Market Size of Water-borne Latex Paints Industry

water borne latex paints market size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

water borne latex paints market major players

*Disclaimer: Major Players sorted in no particular order

Water Borne Latex Paints Market Analysis

The market for water-borne latex paints is expected to grow at a CAGR of more than 5.5% during the forecast period. Major factors driving the market studied is stringent environmental, and regulations to control VOC emissions.

  • On the flip side, longer curing time is likely to hinder the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Water Borne Latex Paints Industry Segmentation

The water-borne latex paints market report includes:

End-User Industry
Construction
Residential
Commercial
Transportation
Industrial
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Water-borne Latex Paints Market Size Summary

The water-borne latex paints market is poised for significant growth, driven primarily by stringent environmental regulations aimed at controlling volatile organic compound (VOC) emissions. This market is experiencing robust expansion, particularly in the Asia-Pacific region, where countries like China and India are leading in consumption. The growth is further fueled by the increasing middle-class population and their rising disposable incomes, which are boosting the residential construction sector. Government initiatives in various countries, such as the UK's housing supply programs and India's 'Housing for All by 2022', are also contributing to the market's expansion by addressing the supply-demand gap in housing.

In China, the demand for water-borne latex paints is particularly strong due to the country's focus on reducing VOC emissions and the growing automotive sector, which traditionally relies on latex-based paints. The Chinese government's push towards electric vehicle production is expected to further drive the demand for these paints in the transportation industry. Additionally, ongoing infrastructure projects, such as airport constructions under China's 13th Five Year Plan, are anticipated to bolster the market. The market is consolidated, with major players like AkzoNobel N.V, BASF SE, PPG Industries Inc, The Sherwin-Williams Company, and Arkema Group playing significant roles in shaping its landscape.

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Water-borne Latex Paints Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Stringent Environmental Regulations to Control VOC Emissions

      2. 1.1.2 Increasing Demand for Building and Construction

    2. 1.2 Restraints

      1. 1.2.1 Longer Curing Time

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-User Industry

      1. 2.1.1 Construction

        1. 2.1.1.1 Residential

        2. 2.1.1.2 Commercial

      2. 2.1.2 Transportation

      3. 2.1.3 Industrial

      4. 2.1.4 Other End-user Industries

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle East & Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle East & Africa

Water-borne Latex Paints Market Size FAQs

The Water-borne Latex Paints Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

AkzoNobel N.V, BASF SE, PPG Industries Inc, The Sherwin-Williams Company and Arkema Group are the major companies operating in the Water-borne Latex Paints Market.

Water-borne Latex Paints Report Snapshots

Water-borne Latex Paints Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)