What is Global Waterborne Epoxy Coating Market?
The Global Waterborne Epoxy Coating Market is a vast and dynamic sector that has been gaining significant traction in recent years. This market revolves around the production and distribution of waterborne epoxy coatings, which are essentially epoxy resins that have been modified to be soluble in water. These coatings are known for their superior adhesion, corrosion resistance, and durability, making them ideal for a variety of applications. The market's value was estimated at US$ 1573 million in 2023, and it is projected to reach US$ 2952.6 million by 2030, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period from 2024 to 2030.
Waterborne Epoxy Floor Paint, Waterborne Epoxy Anticorrosive Paint, Others in the Global Waterborne Epoxy Coating Market:
The Global Waterborne Epoxy Coating Market is segmented into several categories based on the type of product. These include Waterborne Epoxy Floor Paint, Waterborne Epoxy Anticorrosive Paint, and others. Each of these products has its unique properties and applications. For instance, Waterborne Epoxy Floor Paint is widely used in industrial and commercial settings due to its durability and resistance to wear and tear. On the other hand, Waterborne Epoxy Anticorrosive Paint is used to protect metal surfaces from corrosion, making it ideal for use in industries such as shipbuilding, automotive, and construction.
Epoxy Floor, Industrial Equipment in the Global Waterborne Epoxy Coating Market:
The Global Waterborne Epoxy Coating Market finds extensive application in areas such as Epoxy Flooring and Industrial Equipment. Epoxy flooring is a popular choice in commercial and industrial settings due to its durability, resistance to chemicals, and ease of maintenance. Waterborne epoxy coatings are often used in this application due to their low VOC content and environmental friendliness. Similarly, these coatings are also used to protect industrial equipment from corrosion and wear, thereby extending their lifespan and reducing maintenance costs.
Global Waterborne Epoxy Coating Market Outlook:
The Global Waterborne Epoxy Coating Market is dominated by several key players, including AkzoNobel, Sherwin-Williams, Nippon Paint, PPG Industries, 3Treesgroup, Tikkurila, Caparol, Carpoly, Mapei, Baucoatings, Hychem, Jotun, Sika, Benjamin Moore, Sanxia Paint, Chenyang, Lanling, and Boysen Paints. These manufacturers collectively account for about 45% of the market. China is the largest consumer of water-based epoxy coatings, accounting for approximately 37% of the total market share. The most significant application field for these coatings is water-based epoxy floor paint, which accounts for about 70% of the market share.
| Report Metric | Details |
| Report Name | Waterborne Epoxy Coating Market |
| Accounted market size in 2023 | US$ 1573 million |
| Forecasted market size in 2030 | US$ 2952.6 million |
| CAGR | 9.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | AkzoNobel, Sherwin-Williams, Nippon Paint, PPG Industries, 3Treesgroup, Tikkurila, Caparol, Carpoly, Mapei, Baucoatings, Hychem, Jotun, Sika, Benjamin Moore, Sanxia Paint, Chenyang, Lanling, Boysen Paints |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
