Global Water Based Barrier Coating Market Overview:
Water-based barrier coatings are a type of coating that uses water as the solvent instead of traditional organic solvents. This makes them a more environmentally friendly option, as they are less likely to release harmful volatile organic compounds (VOCs) into the air. Water-based barrier coatings are also typically safer to use and handle than solvent-based coatings. The increasing demand for sustainable packaging is one of the key drivers of the growth of the water-based barrier coatings market. The water-based barrier coating market is poised for significant growth in the coming years, driven by sustainability concerns, regulations, and the development of new technologies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing demand for sustainable packaging
Market Growth Drivers:
Rising demand for high-performance coatings and Growing Demand in Food Packaging
Challenges:
Limited availability of high-performance water-based coatings
Restraints:
Volatility of Raw Materials
Opportunities:
Development in Thriving industry ecosystem and Advancement in Barrier coating Technologies
Competitive Landscape:
The water-based barrier coating market is characterized by intense competition, with players competing on factors such as price, performance, sustainability, and innovation. Major players are investing heavily in research and development to develop new and improved coatings that meet the evolving needs of customers.
Some of the key players profiled in the report are Akzo Nobel N.V. (Netherland), PPG Industries, Inc (United States), BASF SE (Germany), Nippon Paint Holdings Co., Ltd. (Japan), Hempel A/S (Denmark), Melodea Ltd. (Israel), Wattyl Limited (Australia), Teknos Group Oy (Finland), Sigma Coatings (Netherland) and Chugoku Marine Paints, Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Ecos Paints (Canada), GreenCoat AB (Sweden), Belzona Inc. (United States), Jotun A/S (Norway) and International Paint, LLC. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Water Based Barrier Coating market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Water Based Barrier Coating market. Considering Market by Component, the sub-segment i.e. Water will boost the Water Based Barrier Coating market. Considering Market by End User, the sub-segment i.e. Food & Beverage will boost the Water Based Barrier Coating market.
Latest Market Insights:
In August 2023, Kemira and Jain Chem started partnership to develop advanced aqueous barrier coatings for recyclable paper packaging, targeting enhanced resistance to moisture, oil, and grease. Leveraging Kemira's expertise in the pulp and paper industry and Jain Chem's chemical solutions, the partnership aims to meet evolving customer demands in food service packaging.
In July 2023, Melodea introduced a new sustainable barrier product for recyclable food packaging. The water-based coating, derived from plants, offers a solution for lining diverse packaging formats including films, pouches, bags, lids, and blister packs
What Can be Explored with the Water Based Barrier Coating Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Water Based Barrier Coating Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Water Based Barrier Coating
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Water Based Barrier Coating market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Water Based Barrier Coating market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturing Companies, Market Research & Consultancy Firm, Potential Investors, Research & Development and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.