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Water-Based Barrier Coatings Market By Type (Acrylic, Polyester, Alkyd, Epoxy, Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

The global water-based barrier coatings market is segmented by type and region. Acrylic is the type segment, with Europe leading the market growth. The demand for sustainable and environmentally friendly solutions, strict regulations on volatile organic compound (VOC) emissions, and the rising demand for packaging materials with improved barrier properties to shield products from moisture, oxygen, and other contaminants are some of the factors driving the global market for water-based barrier coatings.

However, the market also faces significant challenges, such as achieving comparable performance to solvent-based coatings remains a significant hurdle & transition from solvent-based to water-based coatings requires substantial investments in equipment and process modifications, posing financial challenges for manufacturers.

Nonetheless, the global water-based barrier coatings market offers significant growth opportunities, such as increasing consumer demand for sustainable and eco-friendly products & environmental awareness, rising preference for products that have minimal impact on the environment.

What Are the Main Drivers Of The Global Water-based barrier coatings Market?

The global Water-based barrier coatings market is driven by several factors, including environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants.

What Are the Major Challenges Faced by The Global Water-based barrier coatings Market?

The global Water-based barrier coatings market also faces several challenges, including achieving comparable performance to solvent-based coatings remains a significant hurdle & transition from solvent-based to water-based coatings requires substantial investments in equipment and process modifications, posing financial challenges for manufacturers.

What Are the Growth Opportunities in The Global Water-based barrier coatings market?

The global Water-based barrier coatings market offers significant growth opportunities, such as increasing consumer demand for sustainable and eco-friendly products & environmental awareness, and rising preference for products that have minimal impact on the environment.

Executive Summary

Overview of the Global Water-based barrier coatings market

The global Water-based barrier coatings market has been steadily growing in recent years due to environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants.

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Market Definition

The global water-based barrier coatings market refers to the industry that encompasses the production, distribution, and utilization of coatings designed to provide a protective barrier against moisture, gases, and other contaminants, using water as a primary solvent. These coatings are formulated to offer sustainable and eco-friendly alternatives to solvent-based coatings, with reduced volatile organic compound (VOC) emissions and improved environmental performance. It finds applications in various industries, such as packaging, automotive, electronics, and construction, where the demand for effective barrier properties, regulatory compliance, and environmental sustainability are driving the market growth.

Market Insights

The global demand for Water based barrier coatings was valued at USD 5.8 Billion in 2022 and is expected to reach USD 8.895305032 Billion in 2030, growing at a CAGR of 6.30% between 2023 and 2030.
Acrylic is expected to post the highest CAGR during the forecast period & leading the market share with nearly 40% share in 2022.
While the polyester segment is likely to exhibit the fastest CAGR during the forecast period
Europe is fueling the growth of the Water-based barrier coatings industry with a nearly a three-fifths share in 2022, while Asia-pacific and North America collectively accounted for just nearly under 65% share in 2022. North America held over 40% share in 2022.

Environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants are the major drivers of the market.
At the same time, limited performance compared to solvent-based coatings & water-based coatings may have longer drying times and require additional equipment or modifications in manufacturing processes are the main restraints.

Market Overview

The global water-based barrier coatings market has witnessed steady growth in recent years and is expected to grow at a CAGR of 6.30% between 2023 and 2030. The market was valued at USD 5.8 billion in 2022 and is expected to reach USD 8.895305032 billion in 2030.

Segmentation by Type

The Acrylic segment governs the demand for the water-based barrier coatings industry in the world, holding a massive share, and is also expected to grow at a rapid CAGR.
Building and Construction will likely exhibit the fastest CAGR during the forecast period.

Segmentation by Region

Europe was fueling the growth of the water-based barrier coatings industry with a nearly three-fifths share in 2022.
Asia-pacific and North America collectively account for nearly under 65% share in 2022, with North America holding over 40% share in the same year.
The rest of the world, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for Water based barrier coating.

Canada has a strong emphasis on environmental sustainability and regulations that promote the use of eco-friendly coatings. Water-based barrier coatings align with these regulations as they offer lower VOC emissions and reduced environmental impact compared to solvent-based coatings. The packaging industry in Canada is experiencing significant growth, driven by the increasing demand for sustainable packaging solutions. Water-based barrier coatings provide effective moisture and gas barrier properties, making them ideal for applications in the food and beverage, pharmaceutical, and consumer goods sectors.

Japan has stringent regulations and a strong focus on environmental sustainability. The government has implemented policies and initiatives that promote the use of eco-friendly coatings, including water-based barrier coatings that have lower volatile organic compound (VOC) emissions and reduced environmental impact compared to solvent-based coatings. Furthermore, Japan’s manufacturing sector is known for its high-quality and innovative products. The use of water-based barrier coatings can enhance the performance and durability of products by providing effective protection against moisture, gases, and other contaminants. Moreover, Japan’s construction industry is also contributing to the growth of the water-based barrier coatings market. The need for coatings that offer excellent barrier properties and protect buildings and infrastructure from moisture and environmental factors is driving the demand for water-based solutions.

Market Drivers

Several factors drive the global water-based barrier coatings market. The following are the key drivers of the global Water-based barrier coatings market:

Environmental Regulations and Sustainability

Stringent environmental regulations and a growing emphasis on sustainability are driving the demand for water-based barrier coatings. Governments worldwide are implementing stricter regulations to reduce volatile organic compound (VOC) emissions and promote eco-friendly alternatives. For instance, the European Union’s REACH regulation restricts the use of certain harmful substances in coatings. Water-based barrier coatings align with these regulations as they have lower VOC emissions and reduced environmental impact compared to solvent-based coatings, making them a preferred choice for environmentally conscious industries and consumers.

Packaging Industry Growth and Demand for Sustainable Solutions

The desire for sustainable packaging solutions is causing the packaging sector to expand significantly. Customers are looking for eco-friendly solutions as they become more aware of the effects packing materials have on the environment. Water-based barrier coatings offer an effective solution by providing moisture and gas barrier properties to protect packaged goods while reducing the reliance on non-recyclable or non-biodegradable materials. As an example, many food and beverage companies are transitioning to water-based coatings for their packaging materials to meet sustainability goals and consumer preferences.

Market Restraints

The global Water-based barrier coatings market faces some challenges that may hinder its growth. These include the following:

Limited performance compared to solvent-based coatings

While water-based barrier coatings offer numerous advantages, including reduced volatile organic compound (VOC) emissions and environmental sustainability, they may not always achieve the same level of barrier performance as solvent-based coatings. Certain industries, such as food packaging or electronics, require high-performance barrier coatings to protect products from moisture, oxygen, and other contaminants. Manufacturers are constantly seeking ways to mitigate the impact of raw material price fluctuations.

For example, in the food packaging industry, where maintaining product freshness and extending shelf life are critical, there may be instances where water-based barrier coatings cannot provide the same level of moisture barrier effectiveness as solvent-based alternatives. This limitation can impact the adoption of water-based coatings in applications that prioritize superior barrier performance.

Opportunities

The global water-based barrier coatings market offers significant growth opportunities. These include the following:

Increasing Demand For Environmentally Friendly And Sustainable Packaging Solutions

Customers are looking for more environmentally friendly substitutes as they become more aware of the effects packing materials have on the environment. Water-based barrier coatings provide an opportunity to meet this demand by offering eco-friendly options for packaging applications. These coatings offer lower volatile organic compound (VOC) emissions, reduced toxicity, and improved environmental performance compared to solvent-based coatings.

For instance, in the food and beverage industry, there is a rising trend towards sustainable packaging solutions. Water-based barrier coatings can be applied to materials such as paperboard or flexible packaging to provide moisture and gas barrier properties while reducing reliance on non-recyclable or non-biodegradable materials.

Competitive Landscape

Key Players

The global Water-based barrier coatings market is highly competitive, with the presence of several key players. Some of the major players in the market and their market share are as follows:

The Sherwin-Williams Company
BASF SE
AkzoNobel N.V.
PPG Industries Inc.
RPM International Inc.
Asian Paints Limited
Axalta Coating Systems LLC
Nippon Paint Holdings Co. Ltd.
Kansai Paint Co. Ltd.
Tikkurila OYJ

These companies focus on product innovation, expanding their type, mergers, and acquisitions to stay ahead in the market.

The major players in the global Water-based barrier coatings market constantly strive to stay ahead by introducing new products and innovations.

An agreement to purchase Sika AG’s European industrial coatings division has been made public by the Sherwin-Williams Company.

VersaFlex’s purchase from DalFort Capital Partners has been finalised, according to PPG. VersaFlex specialises in polyurea, epoxy, and polyurethane coatings for industrial, flooring, transportation infrastructure, and water and wastewater infrastructure.

Summary of Key Findings

Environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants are driving the market growth.

Market segmented by type and region.
Acrylic is the most common type segment.

Europe is leading market growth; the market is highly competitive with key players including The Sherwin-Williams Company, BASF SE, AkzoNobel N.V., PPG Industries Inc., RPM International Inc., Asian Paints Limited, Axalta Coating Systems LLC, and others.

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Future Outlook

Positive outlook for the global water-based barrier coatings market with significant growth potential in the Europe region

Environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants drive growth

Challenges like achieving comparable performance to solvent-based coatings remain a significant hurdle & the transition from solvent-based to water-based coatings requires substantial investments in equipment and process modifications, posing financial challenges for manufacturers.

Segmentation

By Type
- Acrylic
- Polyester
- Alkyd
- Epoxy
- Others
By Region

North America
- The US.
- Canada
- Mexico
Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Data Modelling

1.3.2.1. Company Share Analysis Model

1.3.2.2. Revenue Based Modelling

1.3.3. Phase III – Primary Research

1.3.4. Research Limitations

1.3.5. Assumptions

1.4. Market Introduction

1.5. Market Research Scope

2. Executive Summary

2.1. Market Snapshot: Global Water based barrier coatings Market

2.2. Global Water based barrier coatings Market, By Type

2.3. Global Water based barrier coatings Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Water based barrier coatings Market Value, 2017-2030, (US$ Bn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. Market Drivers

3.2.2. Market Restraints

3.2.3. Market Opportunities

3.2.4. Major Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Type

3.5.2. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Key Market Trends

4.3.1. Demand Side Trends

4.3.2. Supply Side Trends

4.4. Value Chain Analysis

4.5. Technology Analysis

4.6. Analysis and Recommendations

4.7. Marketing Strategy Analysis

4.7.1. Direct Marketing

4.7.2. Indirect Marketing

4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022

5.1. Company market share of key players, 2022

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. Economic Impact Analysis

6.1. Recession Impact

6.1.1. North America

6.1.2. Europe

6.1.3. Asia Pacific

6.1.4. Latin America

6.1.5. Middle East and Africa

6.2. Ukraine-Russia War Impact

6.2.1. North America

6.2.2. Europe

6.2.3. Asia Pacific

6.2.4. Latin America

6.2.5. Middle East and Africa

6.3. COVID-19 Impact Analysis

6.3.1. North America

6.3.2. Europe

6.3.3. Asia Pacific

6.3.4. Latin America

6.3.5. Middle East and Africa

7. Global Water based barrier coatings Market, By Type

7.1. Global Water based barrier coatings Market Overview, by Type

7.1.1. Global Water based barrier coatings Market, By Type, 2022 vs 2030 (in %)

7.2. Acrylic

7.2.1. Global Water based barrier coatings Market, By Region, 2017-2030 (US$ Bn)

7.3. Polyester

7.3.1. Global Water based barrier coatings Market, By Region, 2017-2030 (US$ Bn)

7.4. Alkyd

7.4.1. Global Water based barrier coatings Market, By Region, 2017-2030 (US$ Bn)

7.5. Epoxy

7.5.1. Global Water based barrier coatings Market, By Region, 2017-2030 (US$ Bn)

7.6. Other

7.6.1. Global Water based barrier coatings Market, By Region, 2017-2030 (US$ Bn)

8. Global Water based barrier coatings Market, By Region

8.1. Global Water based barrier coatings Market Overview, by Region

8.1.1. Global Water based barrier coatings Market, By Region, 2022 vs 2030 (in%)

8.2. Type

8.2.1. Global Water based barrier coatings Market, By Type, 2017-2030 (US$ Bn)

9. North America Water based barrier coatings Market Analysis

9.1. North America Water based barrier coatings Market, by Type, 2017-2030(US$ Bn)

9.1.1. Overview

9.1.2. SRC Analysis

9.2. North America Water based barrier coatings Market, by Country, 2017-2030 (US$ Bn)

9.2.1. North America Water based barrier coatings Market, by Country, 2022 Vs 2030 (in%)

9.2.2. U.S.

9.2.2.1. U.S. Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

9.2.2.2. U.S. Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

9.2.3. Canada

9.2.3.1. Canada Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

9.2.3.2. Canada Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

9.2.4. Mexico

9.2.4.1. Mexico Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

9.2.4.2. Mexico Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

10. Europe Water based barrier coatings Market Analysis

10.1. Europe Water based barrier coatings Market, by Type, 2017-2030(US$ Bn)

10.1.1. Overview

10.1.2. SRC Analysis

10.2. Europe Water based barrier coatings Market, by Country, 2017-2030 (US$ Bn)

10.2.1. Europe Water based barrier coatings Market, by Country, 2022 Vs 2030 (in%)

10.2.2. Germany

10.2.2.1. Germany Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

10.2.2.2. Germany Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

10.2.3. France

10.2.3.1. France Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

10.2.3.2. France Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

10.2.4. UK

10.2.4.1. UK Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

10.2.4.2. UK Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

10.2.5. Italy

10.2.5.1. Italy Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

10.2.5.2. Italy Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

10.2.6. Spain

10.2.6.1. Spain Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

10.2.6.2. Spain Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

10.2.7. Rest of Europe

10.2.7.1. Rest of Europe Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

10.2.7.2. Rest of Europe Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

11. Asia Pacific Water based barrier coatings Market Analysis

11.1. Asia Pacific Water based barrier coatings Market, by Type, 2017-2030(US$ Bn)

11.1.1. Overview

11.1.2. SRC Analysis

11.2. Asia Pacific Water based barrier coatings Market, by Country, 2017-2030 (US$ Bn)

11.2.1. Asia Pacific Water based barrier coatings Market, by Country, 2022 Vs 2030 (in%)

11.2.2. China

11.2.2.1. China Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

11.2.2.2. China Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

11.2.3. Japan

11.2.3.1. Japan Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

11.2.3.2. Japan Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

11.2.4. India

11.2.4.1. India Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

11.2.4.2. India Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

11.2.5. South Korea

11.2.5.1. South Korea Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

11.2.5.2. South Korea Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

11.2.6. South-East Asia

11.2.6.1. South-East Asia Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

11.2.6.2. South-East Asia Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

11.2.7. Rest of Asia Pacific

11.2.7.1. Rest of Asia Pacific Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

11.2.7.2. Rest of Asia Pacific Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

12. Latin America Water based barrier coatings Market Analysis

12.1. Latin America Water based barrier coatings Market, by Type, 2017-2030(US$ Bn)

12.1.1. Overview

12.1.2. SRC Analysis

12.2. Latin America Water based barrier coatings Market, by Country, 2017-2030 (US$ Bn)

12.2.1. Latin America Water based barrier coatings Market, by Country, 2022 Vs 2030 (in%)

12.2.2. Brazil

12.2.2.1. Brazil Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

12.2.2.2. Brazil Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

12.2.3. Argentina

12.2.3.1. Argentina Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

12.2.3.2. Argentina Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

12.2.4. Rest of Latin America

12.2.4.1. Rest of Latin America Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

12.2.4.2. Rest of Latin America Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

13. Middle East and Africa Water based barrier coatings Market Analysis

13.1. Middle East and Africa Water based barrier coatings Market, by Type, 2017-2030(US$ Bn)

13.1.1. Overview

13.1.2. SRC Analysis

13.2. Middle East and Africa Water based barrier coatings Market, by Country, 2017-2030 (US$ Bn)

13.2.1. Middle East and Africa Water based barrier coatings Market, by Country, 2022 Vs 2030 (in%)

13.2.2. GCC Countries

13.2.2.1. GCC Countries Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

13.2.2.2. GCC Countries Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

13.2.3. South Africa

13.2.3.1. South Africa Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

13.2.3.2. South Africa Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

13.2.4. Rest of Middle East and Africa

13.2.4.1. Rest of Middle East and Africa Water based barrier coatings Market Estimates and Forecast, 2017-2030 (US$ Bn)

13.2.4.2. Rest of Middle East and Africa Water based barrier coatings, By Type, 2017-2030 (US$ Bn)

14. Company Profiles

14.1. The Sherwin-Williams Company

14.1.1. Company Overview

14.1.2. Product /Services Portfolio

14.1.3. Geographical Presence

14.1.4. Financial Summary

14.1.4.1. Market Revenue and Net Profit (2019-2022)

14.1.4.2. Business Segment Revenue Analysis

14.1.4.3. Geographical Revenue Analysis

14.2. BASF SE

14.3. AkzoNobel N.V.

14.4. PPG Industries Inc.

14.5. RPM International Inc.

14.6. Asian Paints Limited

14.7. Axalta Coating Systems LLC

14.8. Nippon Paint Holdings Co. Ltd.

14.9. Kansai Paint Co. Ltd.

14.10. Tikkurila OYJ

List of Figures

FIG. 1 Global Water based barrier coatings Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Water based barrier coatings Market Segmentation

FIG. 4 Global Water based barrier coatings Market, by Type, 2022 (US$ Bn)

FIG. 5 Global Water based barrier coatings Market, by Geography, 2022 (US$ Bn)

FIG. 6 Attractive Investment Proposition, by Type, 2022

FIG. 7 Attractive Investment Proposition, by Geography, 2022

FIG. 8 Global Market Share Analysis of Key Water based barrier coatings Market Manufacturers, 2022

FIG. 9 Global Market Positioning of Key Water based barrier coatings Market Manufacturers, 2022

FIG. 10 Global Water based barrier coatings Market Value Contribution, By Type, 2022 & 2030 (Value %)

FIG. 11 Global Water based barrier coatings Market, by Acrylic, Value, 2017-2030 (US$ Bn)

FIG. 12 Global Water based barrier coatings Market, by Polyester, 2017-2030 (US$ Bn)

FIG. 13 Global Water based barrier coatings Market, by Alkyd, Value, 2017-2030 (US$ Bn)

FIG. 14 Global Water based barrier coatings Market, by Epoxy, Value, 2017-2030 (US$ Bn)

FIG. 15 Global Water based barrier coatings Market, by Other, 2017-2030 (US$ Bn)

FIG. 16 North America Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 17 U.S. Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 18 Canada Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 19 Europe Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 20 Germany Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 21 France Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 22 U.K. Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 23 Italy Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 24 Spain Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 25 Rest of Europe Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 26 Asia Pacific Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 27 China Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 28 Japan Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 29 India Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 30 South Korea Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 31 South-East Asia Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 32 Rest of Asia Pacific Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 33 Latin America Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 34 Brazil Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 35 Mexico Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 36 Rest of Latin America Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 37 Middle East & Africa Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 38 GCC Countries Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 39 South Africa Water based barrier coatings Market, 2017-2030 (US$ Bn)

FIG. 40 Rest of Middle East and Africa Water based barrier coatings Market, 2017-2030 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Water based barrier coatings Market

TABLE 2 Global Water based barrier coatings Market: Market Drivers Impact Analysis

TABLE 3 Global Water based barrier coatings Market: Market Restraints Impact Analysis

TABLE 4 Global Water based barrier coatings Market, by Competitive Benchmarking, 2022

TABLE 5 Global Water based barrier coatings Market, by Geographical Presence Analysis, 2022

TABLE 6 Global Water based barrier coatings Market, by Key Strategies Analysis, 2022

TABLE 7 Global Water based barrier coatings Market, by Acrylic, By Region, 2017-2022 (US$ Bn)

TABLE 8 Global Water based barrier coatings Market, by Acrylic, By Region, 2023-2030 (US$ Bn)

TABLE 9 Global Water based barrier coatings Market, by Polyester, By Region, 2017-2022 (US$ Bn)

TABLE 10 Global Water based barrier coatings Market, by Polyester, By Region, 2023-2030 (US$ Bn)

TABLE 11 Global Water based barrier coatings Market, by Alkyd, By Region, 2017-2022 (US$ Bn)

TABLE 12 Global Water based barrier coatings Market, by Alkyd, By Region, 2023-2030 (US$ Bn)

TABLE 13 Global Water based barrier coatings Market, by Epoxy, By Region, 2017-2022 (US$ Bn)

TABLE 14 Global Water based barrier coatings Market, by Epoxy, By Region, 2023-2030 (US$ Bn)

TABLE 15 Global Water based barrier coatings Market, by Other, By Region, 2017-2022 (US$ Bn)

TABLE 16 Global Water based barrier coatings Market, by Other, By Region, 2023-2030 (US$ Bn)

TABLE 17 Global Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 18 Global Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 19 Global Water based barrier coatings Market, by Region, 2017-2022 (US$ Bn)

TABLE 20 Global Water based barrier coatings Market, by Region, 2023-2030 (US$ Bn)

TABLE 21 North America Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 22 North America Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 23 North America Water based barrier coatings Market, by Country, 2017-2022 (US$ Bn)

TABLE 24 North America Water based barrier coatings Market, by Country, 2023-2030 (US$ Bn)

TABLE 25 United States Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 26 United States Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 27 Canada Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 28 Canada Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 29 Mexico Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 30 Mexico Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 31 Europe Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 32 Europe Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 33 Europe Water based barrier coatings Market, by Country, 2017-2022 (US$ Bn)

TABLE 34 Europe Water based barrier coatings Market, by Country, 2023-2030 (US$ Bn)

TABLE 35 Germany Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 36 Germany Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 37 France Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 38 France Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 39 United Kingdom Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 40 United Kingdom Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 41 Italy Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 42 Italy Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 43 Spain Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 44 Spain Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 45 Rest of Europe Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 46 Rest of Europe Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 47 Asia Pacific Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 48 Asia Pacific Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 49 Asia Pacific Water based barrier coatings Market, by Country, 2017-2022 (US$ Bn)

TABLE 50 Asia Pacific Water based barrier coatings Market, by Country, 2023-2030 (US$ Bn)

TABLE 51 China Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 52 China Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 53 Japan Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 54 Japan Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 55 India Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 56 India Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 57 South Korea Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 58 South Korea Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 59 South-East Asia Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 60 South-East Asia Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 61 Rest of Asia Pacific Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 62 Rest of Asia Pacific Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 63 Latin America Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 64 Latin America Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 65 Latin America Water based barrier coatings Market, by Country, 2017-2022 (US$ Bn)

TABLE 66 Latin America Water based barrier coatings Market, by Country, 2023-2030 (US$ Bn)

TABLE 67 Brazil Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 68 Brazil Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 69 Argentina Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 70 Argentina Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 71 Rest of Latin America Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 72 Rest of Latin America Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 73 Middle East and Africa Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 74 Middle East and Africa Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 75 Middle East and Africa Water based barrier coatings Market, by Country, 2017-2022 (US$ Bn)

TABLE 76 Middle East and Africa Water based barrier coatings Market, by Country, 2023-2030 (US$ Bn)

TABLE 77 GCC Countries Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 78 GCC Countries Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 79 South Africa Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 80 South Africa Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

TABLE 81 Rest of Middle East and Africa Water based barrier coatings Market, by Type, 2017-2022 (US$ Bn)

TABLE 82 Rest of Middle East and Africa Water based barrier coatings Market, by Type, 2023-2030 (US$ Bn)

Frequently Asked Questions

What is the current size of the global water-based barrier coatings market?

The global Water-based barrier coatings market was valued at USD 5.8 Billion in 2022.

What is the expected growth rate of the Water-based barrier coatings market between 2023 and 2030?

The Water based barrier coatings market is expected to grow at a CAGR of 6.30% between 2023 and 2030, reaching USD 8.895305032 Billion in 2030.

Which type governs the demand for Water based barrier coating in the world?

The Acrylic governs the demand for Water based barrier coating worldwide, holding a massive share of nearly 40% in 2022.

Which segment is expected to post the highest CAGR during the forecast period?

Polyester is expected to post the highest CAGR during the forecast period.

Which region is fueling the growth of the Water-based barrier coatings industry?

Europe is fueling the growth of the Water-based barrier coatings industry, with nearly three-fifth share in 2022.

Who are the major players in the global Water-based barrier coatings market?

The top players include The Sherwin-Williams Company, BASF SE, AkzoNobel N.V., PPG Industries Inc., RPM International Inc., Asian Paints Limited, Axalta Coating Systems LLC, and others.

What is the major market driver of the water-based barrier coatings industry?

Environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants are the major market drivers.

What are the major market restraints of the water-based barrier coatings industry?

Limited performance compared to solvent-based coatings & water-based coatings may have longer drying times and require additional equipment or modifications in manufacturing processes are still restraints of the water-based barrier coatings industry.

What are the major market opportunities of the water-based barrier coatings industry?

Increasing consumer demand for sustainable and eco-friendly products & environmental awareness, and rising preference for products that have minimal impact on the environment, are opportunities for the water-based barrier coatings industry.

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