Water Based Coating Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00819
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.71 |
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The Water-Based Coatings Market size is projected to experience a CAGR of 6.75% between 2022 and 2032, leading to an estimated market size growth of USD 12,576.89 million. Water-based coatings are eco-friendly solutions used to protect and enhance the appearance of various surfaces, including wood, metal, and plastics. These coatings are characterized by their low volatile organic compound (VOC) content, making them a sustainable choice in the coatings industry.
Water-Based Coatings Market Overview:
Drivers:
The adoption of water-based coatings is driven by the increasing focus on environmental sustainability and regulatory restrictions on high-VOC coatings. Governments worldwide have imposed stringent regulations to reduce VOC emissions, encouraging industries to shift towards eco-friendly coating options.
Moreover, the construction and automotive sectors are significant consumers of water-based coatings. These industries seek coatings that provide superior performance, durability, and aesthetics while adhering to environmental standards. Water-based coatings meet these requirements, making them the preferred choice for manufacturers and builders.
Trends:
A notable trend in the water-based coatings market is the development of high-performance formulations. Manufacturers are investing in research and innovation to create water-based coatings with improved properties, such as resistance to chemicals, abrasion, and UV radiation. These advanced coatings cater to industries where durability and protection are critical, such as automotive and aerospace.
Additionally, the emergence of smart coatings is gaining momentum. Smart coatings offer functionalities like self-healing, self-cleaning, and antimicrobial properties, opening up new opportunities in healthcare, electronics, and construction.
Restraints:
One of the challenges faced by the water-based coatings market is the higher cost compared to solvent-based alternatives. The production and formulation of water-based coatings involve additional steps and raw materials, contributing to their higher price. Cost-conscious industries may be hesitant to switch to water-based coatings without a clear return on investment.
Furthermore, the limitations of water-based coatings in terms of curing time and performance under extreme conditions can hinder their adoption in certain applications, such as heavy-duty industrial coatings.
Water-Based Coatings Market Segmentation:
By Application:
- Architectural Coatings: Water-based coatings are widely used in architectural applications, including interior and exterior paints, primers, and varnishes, due to their low VOC content and environmental benefits.
- Automotive Coatings: Automotive manufacturers use water-based coatings for vehicle bodies and parts to meet regulatory requirements and enhance the aesthetics of vehicles.
- Industrial Coatings: Industries such as manufacturing, electronics, and aerospace use water-based coatings for corrosion protection, surface finishing, and protection against wear and tear.
- Wood Coatings: Water-based wood coatings are favored for their ability to provide a clear finish, color, and protection to wood surfaces, making them ideal for furniture and cabinetry.
- Packaging Coatings: Water-based coatings are applied to packaging materials, such as paper and cardboard, to enhance print quality, durability, and resistance to moisture.
By Resin Type:
- Acrylic: Acrylic water-based coatings offer versatility, adhesion, and durability, making them suitable for various applications, including architectural and automotive coatings.
- Polyurethane: Polyurethane water-based coatings are known for their exceptional durability and chemical resistance, making them a choice for demanding industrial applications.
- Epoxy: Epoxy water-based coatings provide excellent adhesion and protection against corrosion, making them suitable for metal surfaces in industrial settings.
- Alkyd: Alkyd water-based coatings are often used for wood and metal applications due to their fast drying times and versatility.
Regional Overview:
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North America: The North American water-based coatings market is driven by stringent environmental regulations, especially in the United States, promoting the adoption of low-VOC coatings.
Europe: European countries are at the forefront of sustainability efforts, making water-based coatings a preferred choice for architectural, automotive, and industrial applications.
Asia-Pacific: The Asia-Pacific region witnesses significant growth in the water-based coatings market due to expanding construction and automotive sectors and increased environmental awareness.
Latin America: Growing infrastructure projects and industrial activities in Latin America contribute to the demand for water-based coatings.
Middle East & Africa: Emerging economies in the Middle East and Africa are adopting water-based coatings to align with environmental goals and cater to construction and industrial needs.
Water-Based Coatings Market Customer Landscape:
The water-based coatings market serves a diverse customer base, including manufacturers, contractors, architects, and consumers. Manufacturers must understand the specific needs and preferences of their target customers to develop tailored solutions and marketing strategies.
Major Water-Based Coatings Market Companies:
Companies in the water-based coatings market are actively innovating to meet environmental regulations and customer demands:
- PPG Industries: A global leader in coatings and paints, PPG offers a wide range of water-based coatings for architectural, automotive, and industrial applications.
- AkzoNobel: Known for its sustainable coatings solutions, AkzoNobel provides water-based coatings for various sectors, emphasizing performance and eco-friendliness.
- Sherwin-Williams: Sherwin-Williams offers a broad portfolio of water-based coatings, focusing on architectural and industrial coatings with low VOC content.
- BASF: BASF specializes in environmentally friendly coatings, including water-based options for automotive, industrial, and construction applications.
- Valspar Corporation: Valspar offers water-based coatings for architectural, packaging, and industrial purposes, emphasizing sustainability and innovation.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
The water-based coatings market report provides comprehensive revenue forecasts and analyses for various segments:
- Application Outlook: Evaluates the market potential for water-based coatings in architectural, automotive, industrial, wood, and packaging applications.
- Resin Type Outlook: Analyzes the market dynamics and revenue projections for acrylic, polyurethane, epoxy, and alkyd water-based coatings.
- Geography Outlook: Offers insights into regional market trends and growth opportunities in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Table of Contents
United States Water Based Coating Market Report 2017
1 Water Based Coating Overview
1.1 Product Overview and Scope of Water Based Coating
1.2 Classification of Water Based Coating by Product Category
1.2.1 United States Water Based Coating Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Water Based Coating Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Water Soluble Paint
1.2.4 Water Dilution Coating
1.2.5 Water Dispersion Coatings
1.3 United States Water Based Coating Market by Application/End Users
1.3.1 United States Water Based Coating Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Building
1.3.3 Equipment Processing
1.3.4 Other
1.4 United States Water Based Coating Market by Region
1.4.1 United States Water Based Coating Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Water Based Coating Status and Prospect (2012-2022)
1.4.3 Southwest Water Based Coating Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Water Based Coating Status and Prospect (2012-2022)
1.4.5 New England Water Based Coating Status and Prospect (2012-2022)
1.4.6 The South Water Based Coating Status and Prospect (2012-2022)
1.4.7 The Midwest Water Based Coating Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Water Based Coating (2012-2022)
1.5.1 United States Water Based Coating Sales and Growth Rate (2012-2022)
1.5.2 United States Water Based Coating Revenue and Growth Rate (2012-2022)
2 United States Water Based Coating Market Competition by Players/Suppliers
2.1 United States Water Based Coating Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Water Based Coating Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Water Based Coating Average Price by Players/Suppliers (2012-2017)
2.4 United States Water Based Coating Market Competitive Situation and Trends
2.4.1 United States Water Based Coating Market Concentration Rate
2.4.2 United States Water Based Coating Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Water Based Coating Manufacturing Base Distribution, Sales Area, Product Type
3 United States Water Based Coating Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Water Based Coating Sales and Market Share by Region (2012-2017)
3.2 United States Water Based Coating Revenue and Market Share by Region (2012-2017)
3.3 United States Water Based Coating Price by Region (2012-2017)
4 United States Water Based Coating Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Water Based Coating Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Water Based Coating Revenue and Market Share by Type (2012-2017)
4.3 United States Water Based Coating Price by Type (2012-2017)
4.4 United States Water Based Coating Sales Growth Rate by Type (2012-2017)
5 United States Water Based Coating Sales (Volume) by Application (2012-2017)
5.1 United States Water Based Coating Sales and Market Share by Application (2012-2017)
5.2 United States Water Based Coating Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States Water Based Coating Players/Suppliers Profiles and Sales Data
6.1 BASF Intermediates
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Water Based Coating Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 BASF Intermediates Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 AkzoNobel
6.2.2 Water Based Coating Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 AkzoNobel Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 PPG Industries
6.3.2 Water Based Coating Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 PPG Industries Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 RPM International
6.4.2 Water Based Coating Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 RPM International Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Sherwin-Williams
6.5.2 Water Based Coating Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Sherwin-Williams Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Axalta
6.6.2 Water Based Coating Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Axalta Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 Nippon Paint
6.7.2 Water Based Coating Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Nippon Paint Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 ICA Group
6.8.2 Water Based Coating Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 ICA Group Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 Coatings & Adhesives Corporation
6.9.2 Water Based Coating Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Coatings & Adhesives Corporation Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
6.10 ACTEGA Terra GmbH
6.10.2 Water Based Coating Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 ACTEGA Terra GmbH Water Based Coating Sales, Revenue, Price and Gross Margin (2012-2017)
6.10.4 Main Business/Business Overview
6.11 Dow Coating Materials
6.12 Gellner Industrial
6.13 Aqua Based Technologies
6.14 Target Coatings
6.15 Valspar
6.16 Cameleon Coatings
7 Water Based Coating Manufacturing Cost Analysis
7.1 Water Based Coating Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Water Based Coating
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Water Based Coating Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Water Based Coating Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Water Based Coating Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Water Based Coating Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Water Based Coating Sales Volume Forecast by Type (2017-2022)
11.3 United States Water Based Coating Sales Volume Forecast by Application (2017-2022)
11.4 United States Water Based Coating Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of Water Based Coating
Figure United States Water Based Coating Market Size (K MT) by Type (2012-2022)
Figure United States Water Based Coating Sales Volume Market Share by Type (Product Category) in 2016
Figure Water Soluble Paint Product Picture
Figure Water Dilution Coating Product Picture
Figure Water Dispersion Coatings Product Picture
Figure United States Water Based Coating Market Size (K MT) by Application (2012-2022)
Figure United States Sales Market Share of Water Based Coating by Application in 2016
Figure Building Examples
Table Key Downstream Customer in Building
Figure Equipment Processing Examples
Table Key Downstream Customer in Equipment Processing
Figure Other Examples
Table Key Downstream Customer in Other
Figure United States Water Based Coating Market Size (Million USD) by Region (2012-2022)
Figure The West Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Water Based Coating Sales (K MT) and Growth Rate (2012-2022)
Figure United States Water Based Coating Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Water Based Coating Market Major Players Product Sales Volume (K MT) (2012-2017)
Table United States Water Based Coating Sales (K MT) of Key Players/Suppliers (2012-2017)
Table United States Water Based Coating Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Water Based Coating Sales Share by Players/Suppliers
Figure 2017 United States Water Based Coating Sales Share by Players/Suppliers
Figure United States Water Based Coating Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Water Based Coating Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Water Based Coating Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Water Based Coating Revenue Share by Players/Suppliers
Figure 2017 United States Water Based Coating Revenue Share by Players/Suppliers
Table United States Market Water Based Coating Average Price (USD/MT) of Key Players/Suppliers (2012-2017)
Figure United States Market Water Based Coating Average Price (USD/MT) of Key Players/Suppliers in 2016
Figure United States Water Based Coating Market Share of Top 3 Players/Suppliers
Figure United States Water Based Coating Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Water Based Coating Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Water Based Coating Product Category
Table United States Water Based Coating Sales (K MT) by Region (2012-2017)
Table United States Water Based Coating Sales Share by Region (2012-2017)
Figure United States Water Based Coating Sales Share by Region (2012-2017)
Figure United States Water Based Coating Sales Market Share by Region in 2016
Table United States Water Based Coating Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Water Based Coating Revenue Share by Region (2012-2017)
Figure United States Water Based Coating Revenue Market Share by Region (2012-2017)
Figure United States Water Based Coating Revenue Market Share by Region in 2016
Table United States Water Based Coating Price (USD/MT) by Region (2012-2017)
Table United States Water Based Coating Sales (K MT) by Type (2012-2017)
Table United States Water Based Coating Sales Share by Type (2012-2017)
Figure United States Water Based Coating Sales Share by Type (2012-2017)
Figure United States Water Based Coating Sales Market Share by Type in 2016
Table United States Water Based Coating Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Water Based Coating Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Water Based Coating by Type (2012-2017)
Figure Revenue Market Share of Water Based Coating by Type in 2016
Table United States Water Based Coating Price (USD/MT) by Types (2012-2017)
Figure United States Water Based Coating Sales Growth Rate by Type (2012-2017)
Table United States Water Based Coating Sales (K MT) by Application (2012-2017)
Table United States Water Based Coating Sales Market Share by Application (2012-2017)
Figure United States Water Based Coating Sales Market Share by Application (2012-2017)
Figure United States Water Based Coating Sales Market Share by Application in 2016
Table United States Water Based Coating Sales Growth Rate by Application (2012-2017)
Figure United States Water Based Coating Sales Growth Rate by Application (2012-2017)
Table BASF Intermediates Basic Information List
Table BASF Intermediates Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure BASF Intermediates Water Based Coating Sales Growth Rate (2012-2017)
Figure BASF Intermediates Water Based Coating Sales Market Share in United States (2012-2017)
Figure BASF Intermediates Water Based Coating Revenue Market Share in United States (2012-2017)
Table AkzoNobel Basic Information List
Table AkzoNobel Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure AkzoNobel Water Based Coating Sales Growth Rate (2012-2017)
Figure AkzoNobel Water Based Coating Sales Market Share in United States (2012-2017)
Figure AkzoNobel Water Based Coating Revenue Market Share in United States (2012-2017)
Table PPG Industries Basic Information List
Table PPG Industries Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure PPG Industries Water Based Coating Sales Growth Rate (2012-2017)
Figure PPG Industries Water Based Coating Sales Market Share in United States (2012-2017)
Figure PPG Industries Water Based Coating Revenue Market Share in United States (2012-2017)
Table RPM International Basic Information List
Table RPM International Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure RPM International Water Based Coating Sales Growth Rate (2012-2017)
Figure RPM International Water Based Coating Sales Market Share in United States (2012-2017)
Figure RPM International Water Based Coating Revenue Market Share in United States (2012-2017)
Table Sherwin-Williams Basic Information List
Table Sherwin-Williams Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Sherwin-Williams Water Based Coating Sales Growth Rate (2012-2017)
Figure Sherwin-Williams Water Based Coating Sales Market Share in United States (2012-2017)
Figure Sherwin-Williams Water Based Coating Revenue Market Share in United States (2012-2017)
Table Axalta Basic Information List
Table Axalta Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Axalta Water Based Coating Sales Growth Rate (2012-2017)
Figure Axalta Water Based Coating Sales Market Share in United States (2012-2017)
Figure Axalta Water Based Coating Revenue Market Share in United States (2012-2017)
Table Nippon Paint Basic Information List
Table Nippon Paint Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Nippon Paint Water Based Coating Sales Growth Rate (2012-2017)
Figure Nippon Paint Water Based Coating Sales Market Share in United States (2012-2017)
Figure Nippon Paint Water Based Coating Revenue Market Share in United States (2012-2017)
Table ICA Group Basic Information List
Table ICA Group Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure ICA Group Water Based Coating Sales Growth Rate (2012-2017)
Figure ICA Group Water Based Coating Sales Market Share in United States (2012-2017)
Figure ICA Group Water Based Coating Revenue Market Share in United States (2012-2017)
Table Coatings & Adhesives Corporation Basic Information List
Table Coatings & Adhesives Corporation Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Coatings & Adhesives Corporation Water Based Coating Sales Growth Rate (2012-2017)
Figure Coatings & Adhesives Corporation Water Based Coating Sales Market Share in United States (2012-2017)
Figure Coatings & Adhesives Corporation Water Based Coating Revenue Market Share in United States (2012-2017)
Table ACTEGA Terra GmbH Basic Information List
Table ACTEGA Terra GmbH Water Based Coating Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure ACTEGA Terra GmbH Water Based Coating Sales Growth Rate (2012-2017)
Figure ACTEGA Terra GmbH Water Based Coating Sales Market Share in United States (2012-2017)
Figure ACTEGA Terra GmbH Water Based Coating Revenue Market Share in United States (2012-2017)
Table Dow Coating Materials Basic Information List
Table Gellner Industrial Basic Information List
Table Aqua Based Technologies Basic Information List
Table Target Coatings Basic Information List
Table Valspar Basic Information List
Table Cameleon Coatings Basic Information List
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Water Based Coating
Figure Manufacturing Process Analysis of Water Based Coating
Figure Water Based Coating Industrial Chain Analysis
Table Raw Materials Sources of Water Based Coating Major Players/Suppliers in 2016
Table Major Buyers of Water Based Coating
Table Distributors/Traders List
Figure United States Water Based Coating Sales Volume (K MT) and Growth Rate Forecast (2017-2022)
Figure United States Water Based Coating Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Water Based Coating Price (USD/MT) Trend Forecast (2017-2022)
Table United States Water Based Coating Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Water Based Coating Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Water Based Coating Sales Volume (K MT) Forecast by Type in 2022
Table United States Water Based Coating Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Water Based Coating Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Water Based Coating Sales Volume (K MT) Forecast by Application in 2022
Table United States Water Based Coating Sales Volume (K MT) Forecast by Region (2017-2022)
Table United States Water Based Coating Sales Volume Share Forecast by Region (2017-2022)
Figure United States Water Based Coating Sales Volume Share Forecast by Region (2017-2022)
Figure United States Water Based Coating Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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