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Water-based coating binders are the film forming elements of a coating. Coating binders are also known as resins. These are polymers, which form a matrix for holding the pigments in place. The water-based coating binders are capable of providing adhesion to substrates and thus, bind the pigments and extenders together. It has excellent properties such as durability, flexibility, and gloss.  

Market Dynamics:

The water-based coating binders market is expected to witness significant growth over the forecast period, owing to the inclination of industries towards environmental compliance. The governments of various countries across the globe are aiming at regulating the volatile organic compounds by limiting the amount companies are allowed to emit in a particular time period. With such increasing regulations, the companies are using water-based coating technology to lower VOC output, as it has no or considerably fewer solvents. Also, there has been a rapid increase in demand for structural steel, which resulted in development of water-based intumescent coatings, which can react under the influence of fire. The water-based coating binders are also low-cost and have self-charring capacity, which is further increasing its use across several end-use industries. However, the growth of this market is expected to be restrained by the existing use of solvent-based coating binders by the end-use industries.

Market Outlook:

Among product type, the acrylics segment is expected to hold a dominant position in the global water-based coating binders market, owing to its superior properties in terms of safe and easy handling, faster set-up and application, and lower VOC emissions. The water-based acrylic coating binders are suitable for a wide range of applications ranging from direct-to-metal (DTM) applications, early block resistance for wood furniture to a high-gloss finish for concrete flooring.

On the basis of region, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among regions, Asia Pacific region is expected to witness significant growth over the forecast period, owing to the upsurge in FDI investment in automotive and construction industries in emerging economies of Asia Pacific region. The growth of the market is also driven by several factors such as the rapid increase in construction activities, and increasing number of automobiles. Furthermore, the rapid increase in demand for automotive coatings in emerging economies such as China, Japan, and South Korea would lead to increased demand for water-based coating binders, thereby driving the market growth.

Key Players:

Key players operating in the global water-based coating binders market include Arkema S.A., Allnex Netherlands B.V., BASF SE, Covestro, Dow DuPont, Evonik Industries AG, Huntsman International LLC, Polynt-Reichhold, Royal DSM N.V., and The Sherwin Williams Company among others.

Market Taxonomy:

On the basis of product type, the global water-based coating binders market is segmented into:

  • Acrylics
  • Alkyds
  • Polyesters
  • Polyurethanes
  • Epoxy
  • Vinyl
  • Others

On the basis of nature, the global water-based coating binders market is segmented into:

  • Natural
  • Synthetic

On the basis of application, the global water-based coating binders market is segmented into:

  • Architectural Coatings
  • Marine & Protective Coatings
  • General Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Packaging Coatings
  • Others (including Marine and Special Purpose)

On the basis of region, the global water-based coating binders market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users