Market Overview:
The
resins in water gets easily soluble are called water soluble paints. In this
type of paints water is used as a dispersal agent for resins which synthesized
by polymerization. These paints are eco-friendly in nature and are easier to
apply on different applications of building & construction, automotive, and
furniture among other industry. It contains most of the solid dissolved in the water-based
dispersion and rest water miscible organic solvents.
Water
soluble paints are driven with major consumption in building and construction
industry due excellence of properties like corrosive resistance and glossy
properties. However, the growing population, infrastructure development, and
ease of availability increases the demand in commercial, residential, and industrial
construction applications. The major growth factor of market is comprising from
automotive industry due to increase in individual investment power and change
in lifestyle.
Water
soluble paints is segmented in different product types, such as acrylic,
polyester, alkyd, epoxy, and epoxy ester. This types of product finds an
application in building & construction, automotive, furniture making
industry, and others end-use industry. The advancement in the manufacturing
technology of water soluble paints boost the market over the forecast period.
DowDupont introduced the waterborne acrylic polymer technology for high
performance and low VOC industrial coatings. This helped the industry to offer
finishing paints in tanks, pipes, bridges, metal buildings, beams, doors, and
ceilings. Asia-Pacific is one of the largest market in demand of water soluble
paints due to huge investment in building & construction and automotive
sectors. Also, the pace in furniture industry expected to fuel the demand of water
soluble paints over the forecast period.
Competitive Analysis:
Water soluble paints market is
competitive and the major players involved in the market are adopting
strategies such as acquisitions, product launch, investment in R&D and
expansion to attain significant market share and gain sizeable revenue,
Key Player:
Ø
AkzoNobel N.V.
Ø
Axalta Coating Systems
Ø
BASF SE
Ø
Berger Paints India Limited
Ø
Kansai Paint Co.,Ltd.
Ø
Nippon Paint Company Limited
Ø
PPG Industries Inc.
Ø
Rpm International Inc.
Ø
The Sherwin-Williams Company
Ø
asian paints
Ø
The Valspar Corporation
Ø
Tikkurila Oy
Ø
Chenyang Waterborne Paint
Ø
Jotun
Ø
Sika AG
Industry/
Innovation/ Related News:
June 2017– The
Sherwin-Williams Co. acquired the Valspar Corp. in the U.S. This acquisition
helped the company to step-up new strategies and expand its paints &
coating business, globally. The development provides world-class brand, wide
the product range, increases the overall sales and revenue, multiple technology
and innovation. This helped the company to made value added customers.
April
2017- BASF SE and Landa
Labs made the long term partnership in Germany. BASF has employed Landa’s nano-pigment technology in easy dispersible
ultra-high-transparency pigments under the color & effects business segment.
This development helped to provide excellence of color depth in the production
of automotive paints & coatings
June 2017– AkzoNobel
expand its U.S. based R&D facility in Houston with the investment of USD
3.5 million. The research facility support the company protective coatings,
marine coatings, and specialty coatings businesses. This facility of provides
the exceptional platform to the company in paints & coating business.
June
2017- PPG made investment of
USD 49 million to open its paint & coating manufacturing facility in
Russia. This facility has a capacity to produce about 6.6 million gallons of
coatings. This facility not only offer paints & coating application for
automotive, industrial, packaging, and marine applications but also technical
laboratories for better R&D.
August
2017- Axalta Coating Systems
acquired Plascoat Systems Limited in Pennsylvania. Plastcoat has expertise in
formulation, manufacturing, and applications of thermoplastic polyolefin
coatings. This acquisition helped Axalta to build new heights in paints &
coatings industry of meet the customer requirement in more with additional
benefits.
Intended Audience
- Water soluble paints Manufacturers
- Traders and distributors of water-soluble paints
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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