Water Wood Paint Market Scope
Water-based enamel paint contains an extra quantity of water that gives fewer odors compared to oil-based paints. Increasing demand for environment-friendly products among consumers will create noteworthy growth for water-based paints during the forecast period. Further, the high growth of outdoor furniture and living products due to the growing preference for outdoor living spaces will boost the demand for exterior water wood paints in the nearer future. Water wood paints are becoming more popular for residential applications for interior wood coating like windows, doors, etc. due to less odor and long sheen level compared to oil-based paint.
The Water Wood Paint market study is segmented by Type (Water-Based Acrylic Paints, Water-Based Latex Paints and Water-Based PU Paint), by Application (Furniture, Flooring, Decking, Joinery and Others) and major geographies with country level break-up.
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 about mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Water Wood Paint market throughout the predicted period.
Asian Paints (India), AkzoNobel (Netherlands), PPG Industries (United States), Kansai Nerolac Paints (India), Nippon Paint (Japan), Sherwin-Williams (United States), BASF (Germany), Dow (United States), Axalta Coating Systems (United States), Brillux GmbH & Co. KG (Germany), Warren Paint & Color Co. (United States), Berger Paints (India), NOROO Paints & Coatings (South Korea), Walter Wurdack, Inc. (United States), Apollo Paints (India) and Kemichal s.r.l. (Italy) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Water Wood Paint market by Type, Application and Region.
On the basis of geography, the market of Water Wood 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).
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 an 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.
Market Trend
- Increasing Innovation and Development of Acrylic and Other Latex Water Based Paints
Market Drivers
- High Growth of Water-Based Paints Due to the Longer Sheen Level and Hard Wear & Tear Properties
- The Inclination of Consumers Towards the Waterborne Wood Paint that Offers High Gloss Finish
Opportunities
- Rising Consumer Demand for Eco-Friendly Paints Will Boost the Adoption of Waterborne Paints
Restraints
- Impossible to Achieve Mirror Finish as the Gloss Finish of Water-Based Paints is not Very Shiney
- The Paints are Less Tolerant to Adverse Weather Conditions that May Hamper the Growth
Challenges
- Some Types of Water Based Paints like Latex Paints are not Effective for the Very Smooth Surfaces
- The Use of Other Coatings like Varnish and Glazes for Interior Wood Finishing Applications
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Water Wood Paint Manufacturers, Water Wood Paint Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others