A new Report by Delvens, titled "Water Based Barrier Coatings Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Water Based Barrier Coatings Market size was estimated at USD 1.5 billion in 2023 and is projected to reach USD 2.1 billion in 2030 at a CAGR of 6.8% during the forecast period 2024-2030.
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Water-based barrier coatings (WBBCs) represent a crucial innovation in protective coating technology, offering versatile solutions across various industries to safeguard surfaces against pollutants like oil, grease, and moisture. Unlike solvent-based counterparts that rely on volatile organic compounds (VOCs), WBBCs are predominantly waterborne, aligning with stringent environmental regulations and consumer preferences for sustainable products.
Key Findings:
• On the basis of Type, the type segment dominates the water-based barrier coatings market due to its extensive usage across various applications, including packaging, automotive, and construction.
• On the basis of Substrate, The substrate segment, particularly paper and cardboard, plays a pivotal role in driving the growth of the water-based barrier coatings market, primarily due to their alignment with sustainability trends and consumer preferences. Paper and cardboard substrates are biodegradable and compostable, meeting increasing demands for eco-friendly packaging solutions that minimize environmental impact and support regulatory requirements for food safety.
• On the basis of End-use Industry, The end-use industry segment, particularly packaging within the pharmaceutical sector, significantly drives the growth of the water-based barrier coatings market.
North America to Dominate the Market
North America held the largest Water Based Barrier Coatings Market, driven by stringent environmental regulations promoting sustainable practices. With a focus on reducing volatile organic compounds (VOCs), water-based barrier coatings are preferred for their eco-friendly profile, meeting rising consumer demand for green packaging solutions.
Competitive Landscape
• Akzo Nobel N.V.
• PPG Industries, Inc.
• BASF SE
• Arkema Group
• The Dow Chemical Company
• Henkel AG & Co. KGaA
• Valspar Corporation
• Solenis LLC
• Clariant
• Michelman, Inc.
• Wacker Chemie AG
• Kuraray Co., Ltd.
• Eastman Chemical Company
• DIC Corporation
• Allnex and More
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Recent Developments
In August 2022, BASF and Nippon Paint China have joined forces to introduce environmentally friendly industrial packaging for Nippon Paint's dry-mixed mortar series. This initiative marks a significant milestone as it utilizes BASF's Joncryl High-Performance Barrier (HPB), a water-based acrylic dispersion. This collaboration represents the debut of BASF's water-based barrier coatings in Chinese industrial packaging.
The Water Based Barrier Coatings Market is segmented into various segments such as Type, Substrate & End-Use Industry, and Region:
Based on Type
• Acrylic
• Polyurethane
• Epoxy
Based on the Substrate
• Plastic
• Glass
Based on the End-Use Industry
• Packaging
• Building & Construction
• Automotive
• Electronics
• Textile
Key Features of Global Market Report:
• Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
• Identify growth opportunities for stakeholders by pinpointing high-growth segments.
• Study global industries status and forecast, focusing on key regions.
• Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
• Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
• Assist in making strategic business decisions and investment plans.
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In addition to the market data for the Water Based Barrier Coatings Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Reasons to Acquire
• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Water Based Barrier Coatings Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Frequently Asked Questions
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