About Water Based Enamel Paint
Water-based enamel paint contains an extra quantity of water that gives fewer odors compared to oil-based enamel paints. It is becoming more popular as it can be applied on slightly wet surfaces due to its quick-drying capacity. Further, the increasing adoption of water-based paints in for the automotive painting as it can be easily cleaned and environment friendly. The global vendors are focusing on the innovation of water-based paints for the development of cost-effective paints with better characteristics and property to meet the increased demand for water-based paints across the globe.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Water Based Enamel Paint market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AkzoNobel (Netherlands), Nippon Paint (Japan), Asian Paints (India), PPG Industries (United States), Berger Paints (India), BASF (Germany), Kansai Nerolac Paints (India), Dow (United States), Sherwin-Williams (United States), Brillux GmbH & Co. KG (Germany), NOROO Paints & Coatings (South Korea), Taubmans (Australia), Warren Paint & Color Co. (United States), Walter Wurdack, Inc. (United States) and Intercoastal Paint Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Water Based Enamel Paint market by Type (Water-Based Acrylic Enamel Paint and Water-Based Latex Enamel Paint), Application (Wood, Metal and Concrete) and Region.
On the basis of geography, the market of Water Based Enamel Paint has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Building & Construction will boost the Water Based Enamel Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Drum will boost the Water Based Enamel Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Water Based Enamel Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Finishing, the sub-segment i.e. Semi-Glossy will boost the Water Based Enamel Paint market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Innovation and Development of Acrylic and Other Latex Water Based Paints and Evolution of Premium Water Based Enamel Paints with Grease Resistant LTA+ Technology
Market Growth Drivers:
Growing Popularity of Water Based Enamel Paint Due to Its Longer Sheen Level and Hard Wear & Tear Properties, Increasing Exterior Applications of Water-Based Paints Due to Its More UV Resistance and Surging Demand of That Can Dry Quickly and Have Low Paint Odor
Challenges:
Some Types of Water Based Enamel Paints like Latex Paints are not Effective to the Very Smooth Surfaces
Restraints:
Impossible to Achieve Mirror Finish as the Gloss Finish of Water-Based Paints is not Very Shiney and Water-Based Enamel Paints are Less Tolerant to Adverse Weather Conditions
Opportunities:
Increasing Use of Hard and Glossy Water Based Enamel Paints in the Construction Industry and Rising Consumer Demand for Eco-Friendly Paints Will Boost the Adoption of Waterborne Paints
In 2020, Sherwin-Williams launched a new ProClassic interior water-based acrylic-alkyd with semi-gloss sheens with non-yellowing characteristics. The newly launched coating has alkyd finish look and feel and offers enhanced durability and is widely used from the home’s built-in bookshelf to the window and door trim at an office.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Water-Based Enamel Paint Manufacturers, Water-Based Enamel Paint Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.