The Latest Waterborne Epoxy Resin Industry Statistics Explained
The global waterborne coatings market size was valued at USD 77.2 billion in 2019.
The statistic means that the total market value of waterborne coatings worldwide was approximately USD 77.2 billion in the year 2019. Waterborne coatings are a type of paint or coating that uses water as a carrier instead of traditional solvents, making them more environmentally friendly. The market size indicates the total revenue generated by the sales of these coatings within that year, reflecting the demand for waterborne coatings in various industries such as construction, automotive, and marine. This significant market value suggests a strong presence and growth potential for waterborne coatings as a preferred choice for coating applications due to their eco-friendly properties and regulatory requirements for reducing volatile organic compound (VOC) emissions.
The waterborne coatings market is predicted to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2027.
This statistic indicates that the waterborne coatings market is expected to experience consistent growth over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 4.4%. This means that on average, the market is anticipated to increase by 4.4% each year during this period. The CAGR provides a smoothed rate of growth over the entire time frame, taking into account both peaks and troughs in the market. This forecast suggests that there is a positive outlook for the waterborne coatings industry, with factors such as increasing environmental regulations favoring use of eco-friendly coatings driving the market growth.
Acrylic waterborne coatings held the largest volume share (over 80%) in 2019.
The statistic indicates that in 2019, acrylic waterborne coatings accounted for over 80% of the total volume of coatings used in the market. This suggests that acrylic waterborne coatings were the most commonly used type of coating among all options available. The high volume share of acrylic waterborne coatings may be attributed to factors such as their ease of use, environmental friendliness, durability, and versatility in application. Manufacturers, consumers, and industries likely favored acrylic waterborne coatings over other types due to their performance and benefits, leading to their dominant position in the market in terms of volume share.
The automotive segment accounted for 28.7% of the overall volume in 2019.
The statistic “The automotive segment accounted for 28.7% of the overall volume in 2019” indicates that the automotive industry represented nearly one-third of the total output or sales within the specified market or sector during the year 2019. This means that out of all products or services produced or sold in that particular context, approximately 28.7% belonged to the automotive segment. This information gives insight into the significance and contribution of the automotive sector to the overall economy or industry during the specified time period, highlighting its position in terms of volume or market share.
The Asia Pacific led the global waterborne coatings market in 2019 accounting for 42.1% of the overall revenue.
This statistic indicates that the Asia Pacific region had the highest market share in the global waterborne coatings industry in 2019, contributing 42.1% of the total revenue generated worldwide. This suggests that the Asia Pacific region played a significant role in driving the growth and performance of the waterborne coatings market, likely due to factors such as increasing industrialization, infrastructure development, and growing demand for environmentally friendly coatings in the region. The strong presence of the Asia Pacific in this market highlights the region’s importance as a key player and market leader in the global waterborne coatings industry.
The growth of the Asia Pacific market is projected at a CAGR of 5.5% from 2020 to 2027.
This statistic indicates that the Asia Pacific market is expected to experience steady growth over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 5.5%. The CAGR represents the average annual growth rate of the market during this time frame. A CAGR of 5.5% suggests that the market is projected to expand by 5.5% every year on average. This positive growth trend implies increasing opportunities and market size in the Asia Pacific region, making it an attractive target for businesses seeking investment or expansion opportunities.
The demand for waterborne coatings in the U.S. was valued at USD 6.1 billion in 2019.
The statistic indicates that the market size for waterborne coatings in the United States reached a total value of USD 6.1 billion in the year 2019. This figure represents the total revenue generated by the sales of waterborne coatings within the U.S. market during that year. Waterborne coatings are a type of paint or coating that uses water as a solvent, instead of traditional solvents that may be harmful to the environment or human health. The demand for waterborne coatings at this value suggests a significant market opportunity and consumer preference for environmentally friendly and sustainable coating products in the U.S. economy during 2019.
References
0. – https://www.www.grandviewresearch.com
