Water-Soluble Paints Market Size | By Revenue Future, Trends, Development And Demand Forecast To 2027

Market Scenario

The global Water-Soluble Paints Market is presumed to register a remarkable CAGR during the assessment period (2020-2027) owing to its extensive use in the building and construction sector, asserts Market Research Future (MRFR). Water-soluble paints are usually coatings where water is used as a dispersal agent for resins which make them easy to use and are environmental-friendly. They comprise water-soluble resins whose molecules dissolve completely in water. The paints comprise 30 to 40 % of solid dissolved in water-based dispersion media and 15 % water-miscible organic solvents like glycol ethers, alcohol, and others.

Global Water-Soluble Paints Market: Segmental Analysis

The global water-soluble paints market has been segmented on the basis of product type, end-use industry, and region.

By mode of product type, the global water-soluble paints market has been segmented into epoxy esters, epoxy, acrylic, alkyd, and polyester.

By mode of end-users, the global water-soluble paints market has been segmented into automotive, building and construction, furniture making industry, and others. Among these, the building and construction holds the major market share. The anti-corrosive nature, ease of application, and glossy finish makes water-soluble paints ideal to be used in the building and construction segment.

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Drivers and Constraints Impacting the Market

The water-soluble paints market is largely driven by the automotive and building and construction industry owing to their high gloss and good corrosion protection properties. With rising population and growing demand for commercial and residential buildings, the global market for water-soluble paints is likely to prosper. The demand for automotive coupled with changing lifestyle and high disposable income is another factor fostering the market growth. Also, the growing awareness associated with health and environment-friendly paints among the manufacturers and consumers is presumed to fuel the global market during the review period.

On the flip side, low drying rate coupled with high cost of water-soluble paints is anticipated to retard the market growth in the coming years. Also, the increasing prices of raw materials such as resins, pigments, and solvents are presumed to hamper the market growth.

Competitive Dashboard

The major players operating the global market are The Sherwin-Williams Company (U.S.), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Kansai Paint Co.Ltd. (Japan), Rpm International Inc. (U.S.), Nippon Paint Company Limited (Japan), Asian Paints (India), PPG Industries Inc. (U.S.), Jotun (Norway), Chenyang Waterborne Paint (China), The Valspar Corporation (U.S.), Berger Paints India Limited (India), Tikkurila Oyj (Finland), Axalta Coating Systems (U.S.), and Sika AG (Switzerland).

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Regional Insights

Geographically, the global water-soluble paints market span across regions namely North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.

Among all the regions, Asia Pacific presumed to dominate the global water-soluble paints market owing to the rising demand from the automotive and construction industry. With the ever increasing population coupled with growing industrialization, the market is presumed to flourish. Moreover, demand for water-soluble paints in making wooden furniture is driving the global market.

North America is growing at a significant rate owing to the high demand from the automotive and building and construction sector.

Europe is also presumed to expand at a significant rate owing to the increasing sustainable infrastructural activities and automotive industry in France, U.K., Italy, and others.

The Middle East and Africa is also expected to register a significant growth due to the growing demand from infrastructural activities in countries like the UAE and Saudi Arabia.

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Industry News

Astete’s company Solubag SpA and Polye Materials Co has jointly launched a series of soluble shopping bags in Santiago just before the Chilean government enacted a law that banned businesses from providing customers with free plastic bags. The bag which has been introduced by the two companies dissolves in water quickly and does not harm the environment.

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