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.
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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
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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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