Global Water-Soluble Paints Market 2023-2027

Quick Summary:

The water-soluble paints market demonstrates a promising growth outlook, fuelled by advantages offered by these eco-friendly products, stringent regulations pressuring a shift away from solvent-based paints, and continuous growth in the real estate and construction sector. The market's expansion is supported by ongoing increases in manufacturing facilities by vendors, and an evolving focus on bio-based solutions, indicating a strong market trajectory.

This comprehensive report offers a detailed and up-to-date assessment of the global water-soluble paints market. It scrutinises key trends, growth drivers and challenges, along with a thorough vendor analysis encompassing 25 notable industry participants. The report sheds light on market segmentation across diverse applications including Architecture, General, Automotive, Wood, and others, and by product types such as polyacrylate-based/acrylic, polyester-based, and epoxy-based, among others. The study also covers geographical market segments across APAC, Europe, North America, the Middle East and Africa, and South America. This report is a crucial tool for anyone looking to stay ahead in the dynamic water-soluble paints market.

The water-soluble paints market is poised to grow by $11042 million during 2023-2027, accelerating at a CAGR of 5.93% during the forecast period. The market is driven by advantages offered by water-soluble paints, stringent regulations on the use of solvent-based paints, and growth in the real estate and construction industry.

This report on the water-soluble paints market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The water-soluble paints market is segmented as below:

By Application

Architecture
General
Automotive
Wood
Others

By Product

Polyacrylate-based/acrylic
Polyester-based
Alkyd-based
Epoxy-based
Epoxy ester-based

By Geography

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the expansions of manufacturing facilities by vendors as one of the prime reasons driving the water-soluble paints market growth during the next few years. Also, increasing focus on bio-based and eco-friendly products and developments in end-user industries will lead to sizable demand in the market.

This report on the water-soluble paints market covers the following areas:

Water-soluble paints market sizing
Water-soluble paints market forecast
Water-soluble paints market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading water-soluble paints market vendors that include Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Berkshire Hathaway Inc., Brillux GmbH and Co. KG, Chenyang Group Ltd., DAW SE, Diamond Vogel, Dunn Edwards Corp., Eco Safety Products, Kansai Paint Co. Ltd., Meffert AG Farbwerke, Nippon Paint Holdings Co. Ltd., NIPSEA Group, PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin Williams Co. Also, the water-soluble paints market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global water-soluble paints market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global water-soluble paints market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Architecture - Market size and forecast 2022-2027
Exhibit 34: Chart on Architecture - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Architecture - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Architecture - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Architecture - Year-over-year growth 2022-2027 (%)
6.4 General - Market size and forecast 2022-2027
Exhibit 38: Chart on General - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on General - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on General - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on General - Year-over-year growth 2022-2027 (%)
6.5 Automotive - Market size and forecast 2022-2027
Exhibit 42: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
6.6 Wood - Market size and forecast 2022-2027
Exhibit 46: Chart on Wood - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Wood - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Wood - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Wood - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Application
Exhibit 54: Market opportunity by Application ($ million)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 55: Chart on Product - Market share 2022-2027 (%)
Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 57: Chart on Comparison by Product
Exhibit 58: Data Table on Comparison by Product
7.3 Polyacrylate-based/acrylic - Market size and forecast 2022-2027
Exhibit 59: Chart on Polyacrylate-based/acrylic - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Polyacrylate-based/acrylic - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Polyacrylate-based/acrylic - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Polyacrylate-based/acrylic - Year-over-year growth 2022-2027 (%)
7.4 Polyester-based - Market size and forecast 2022-2027
Exhibit 63: Chart on Polyester-based - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Polyester-based - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Polyester-based - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Polyester-based - Year-over-year growth 2022-2027 (%)
7.5 Alkyd-based - Market size and forecast 2022-2027
Exhibit 67: Chart on Alkyd-based - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Alkyd-based - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Alkyd-based - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Alkyd-based - Year-over-year growth 2022-2027 (%)
7.6 Epoxy-based - Market size and forecast 2022-2027
Exhibit 71: Chart on Epoxy-based - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Epoxy-based - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Epoxy-based - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Epoxy-based - Year-over-year growth 2022-2027 (%)
7.7 Epoxy ester-based - Market size and forecast 2022-2027
Exhibit 75: Chart on Epoxy ester-based - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Epoxy ester-based - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Epoxy ester-based - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Epoxy ester-based - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Product
Exhibit 79: Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 81: Chart on Market share by geography 2022-2027 (%)
Exhibit 82: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 83: Chart on Geographic comparison
Exhibit 84: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 93: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 101: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 105: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 109: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 India - Market size and forecast 2022-2027
Exhibit 117: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 118: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 119: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 120: Data Table on India - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 121: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 122: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 123: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 124: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 125: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 126: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 127: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 128: Overview on factors of disruption
11.4 Industry risks
Exhibit 129: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 130: Vendors covered
12.2 Market positioning of vendors
Exhibit 131: Matrix on vendor position and classification
12.3 Akzo Nobel NV
Exhibit 132: Akzo Nobel NV - Overview
Exhibit 133: Akzo Nobel NV - Business segments
Exhibit 134: Akzo Nobel NV - Key news
Exhibit 135: Akzo Nobel NV - Key offerings
Exhibit 136: Akzo Nobel NV - Segment focus
12.4 Asian Paints Ltd.
Exhibit 137: Asian Paints Ltd. - Overview
Exhibit 138: Asian Paints Ltd. - Business segments
Exhibit 139: Asian Paints Ltd. - Key offerings
Exhibit 140: Asian Paints Ltd. - Segment focus
12.5 Axalta Coating Systems Ltd.
Exhibit 141: Axalta Coating Systems Ltd. - Overview
Exhibit 142: Axalta Coating Systems Ltd. - Business segments
Exhibit 143: Axalta Coating Systems Ltd. - Key offerings
Exhibit 144: Axalta Coating Systems Ltd. - Segment focus
12.6 BASF SE
Exhibit 145: BASF SE - Overview
Exhibit 146: BASF SE - Business segments
Exhibit 147: BASF SE - Key news
Exhibit 148: BASF SE - Key offerings
Exhibit 149: BASF SE - Segment focus
12.7 Berger Paints India Ltd.
Exhibit 150: Berger Paints India Ltd. - Overview
Exhibit 151: Berger Paints India Ltd. - Product / Service
Exhibit 152: Berger Paints India Ltd. - Key offerings
12.8 Berkshire Hathaway Inc.
Exhibit 153: Berkshire Hathaway Inc. - Overview
Exhibit 154: Berkshire Hathaway Inc. - Business segments
Exhibit 155: Berkshire Hathaway Inc. - Key news
Exhibit 156: Berkshire Hathaway Inc. - Key offerings
Exhibit 157: Berkshire Hathaway Inc. - Segment focus
12.9 Brillux GmbH and Co. KG
Exhibit 158: Brillux GmbH and Co. KG - Overview
Exhibit 159: Brillux GmbH and Co. KG - Product / Service
Exhibit 160: Brillux GmbH and Co. KG - Key offerings
12.10 DAW SE
Exhibit 161: DAW SE - Overview
Exhibit 162: DAW SE - Product / Service
Exhibit 163: DAW SE - Key offerings
12.11 Diamond Vogel
Exhibit 164: Diamond Vogel - Overview
Exhibit 165: Diamond Vogel - Product / Service
Exhibit 166: Diamond Vogel - Key offerings
12.12 Dunn Edwards Corp.
Exhibit 167: Dunn Edwards Corp. - Overview
Exhibit 168: Dunn Edwards Corp. - Product / Service
Exhibit 169: Dunn Edwards Corp. - Key offerings
12.13 Kansai Paint Co. Ltd.
Exhibit 170: Kansai Paint Co. Ltd. - Overview
Exhibit 171: Kansai Paint Co. Ltd. - Business segments
Exhibit 172: Kansai Paint Co. Ltd. - Key offerings
Exhibit 173: Kansai Paint Co. Ltd. - Segment focus
12.14 Nippon Paint Holdings Co. Ltd.
Exhibit 174: Nippon Paint Holdings Co. Ltd. - Overview
Exhibit 175: Nippon Paint Holdings Co. Ltd. - Business segments
Exhibit 176: Nippon Paint Holdings Co. Ltd. - Key offerings
Exhibit 177: Nippon Paint Holdings Co. Ltd. - Segment focus
12.15 PPG Industries Inc.
Exhibit 178: PPG Industries Inc. - Overview
Exhibit 179: PPG Industries Inc. - Business segments
Exhibit 180: PPG Industries Inc. - Key offerings
Exhibit 181: PPG Industries Inc. - Segment focus
12.16 Sika AG
Exhibit 182: Sika AG - Overview
Exhibit 183: Sika AG - Product / Service
Exhibit 184: Sika AG - Key offerings
12.17 The Sherwin Williams Co.
Exhibit 185: The Sherwin Williams Co. - Overview
Exhibit 186: The Sherwin Williams Co. - Business segments
Exhibit 187: The Sherwin Williams Co. - Key news
Exhibit 188: The Sherwin Williams Co. - Key offerings
Exhibit 189: The Sherwin Williams Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 190: Inclusions checklist
Exhibit 191: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 192: Currency conversion rates for US$
13.4 Research methodology
Exhibit 193: Research methodology
Exhibit 194: Validation techniques employed for market sizing
Exhibit 195: Information sources
13.5 List of abbreviations
Exhibit 196: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global water-soluble paints market: Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Berkshire Hathaway Inc., Brillux GmbH and Co. KG, Chenyang Group Ltd., DAW SE, Diamond Vogel, Dunn Edwards Corp., Eco Safety Products, Kansai Paint Co. Ltd., Meffert AG Farbwerke, Nippon Paint Holdings Co. Ltd., NIPSEA Group, PPG Industries Inc., RPM International Inc., Sika AG, and The Sherwin Williams Co.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is expansions of manufacturing facilities by vendors.'

According to the report, one of the major drivers for this market is the advantages offered by water-soluble paints.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.