Market Research Reports

The global water-based coatings market is led by key companies such as PPG industries, Akzo Nobel, and Sherwin Williams, which accounted for 55% of the market in 2015, states Transparency Market Research (TMR) in its latest study. The report further adds that mergers and acquisitions will be a key strategy for most players. So as to gain competitive edge among other players, leading players will enhance their services such as customer relationships and support services. Vendors in the market are also offering customized colors to their clients and attracting them. As per TMR, the global opportunity in the water-based coatings market will be worth US$80.3 bn by 2024. On the basis of end use industries, the construction industry segment is leading and is anticipated to continue to retain its position for the rest of the forecast period. By geography, the market will witness high growth in Asia Pacific with China leading in the water-based coatings market. The markets for Latin Amer...

The global water-based coatings market has been witnessing considerable transformation, says Transparency Market Research (TMR). During 2015, the top three market players, Akzo Nobel, PPG Industries, and Sherwin Williams together accounted for a share of nearly 55% in the global water-based coatings market. A large number of vendors are focusing on the adoption of business strategies such as acquisitions, collaborations, partnerships, and mergers in order to achieve a strong foothold in the worldwide market. Some vendors are also extending their production capacities. For instance, in April 2017, Flint Group announced the completion of its new production site in Germany, where a number of new formulations and specialty coatings will be made available. The global water-based coatings market was valued at US$46.1 bn during 2015. By the end of the forecast period, the market will have attained a revenue worth US$80.3 bn, expanding at a profitable CAGR of 6.40% between 2016 and 202...