IMARC Group, a leading market research company, has recently released a report titled "Water-Soluble Paints Market Report by Material (Acrylic, Polyurethane, Polyester, Vinylic, Alkyd, Epoxy, Epoxy Esters, and Others), Application (Residential, Commercial, Infrastructure, Automotive, and Others), and Region 2024-2032". The study provides a detailed analysis of the industry, including the global water-soluble paints market share, size, trends and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global water-soluble paints market size reached US$ 27.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 39.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.07% during 2024-2032.

Request to Get the Sample Report: https://www.imarcgroup.com/water-soluble-paints-market/requestsample

Factors Affecting the Growth of the Water-Soluble Paints Industry:

• Increasing Environmental and Health Concerns:

The ongoing shift towards eco-friendly paints, as traditional solvent-based paints contain volatile organic compounds (VOCs) that are harmful to the environment and human health, is one of the major factors boosting the market growth. VOCs contribute to air pollution, leading to smog formation and adverse health effects such as respiratory issues and headaches. In line with this, the rising popularity of water-soluble paints as they emit significantly lower levels of VOCs, making them a safer choice for indoor and outdoor applications. Furthermore, the imposition of various stringent regulations and guidelines by governments, prompting manufacturers to adopt water-based formulations, is enhancing the market growth.

• Rapid Technological Advancements and Innovation:

The introduction of modern water-based paints that offer improved performance, durability, and application properties is fueling the market growth. In line with this, rapid innovations in polymer and resin technology that enable the development of water-soluble paints that offer excellent adhesion, weather resistance, and color retention are bolstering the market growth. Additionally, the rising advancements in manufacturing processes that make these paints more cost-effective and easier to produce on a large scale are boosting the market growth. Besides this, the increasing investment by companies are investing in research and development (R&D) to create new formulations that meet specific customer needs, such as quick-drying paints, anti-microbial coatings, and paints with enhanced aesthetic qualities, is stimulating the market growth.

• Growth in Construction and Automotive Industries:

The growing demand for environmentally friendly and low-VOC paints for new projects and renovation activities in the construction sector is positively influencing the market growth. Moreover, the rising urbanization and the increasing focus on sustainable building practices, leading to a higher uptake of water-soluble paints, is fostering the market growth. Additionally, the introduction of green building certifications, encouraging the use of low-emission materials, is fueling the market growth. Along with this, the widespread product demand in the automotive industry to comply with environmental regulations and to improve worker safety in manufacturing facilities, is enhancing the market growth. Water-soluble paints offer superior finish quality, corrosion resistance, and durability, making them ideal for automotive applications.

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=7866&flag=C

Water-Soluble Paints Market Report Segmentation:

By Material:

• Acrylic
• Polyurethane
• Polyester
• Vinylic
• Alkyd
• Epoxy
• Epoxy Esters
• Others

Acrylic water-soluble paints are preferred due to their quick-drying properties, excellent color retention, and versatility in interior and exterior applications.

By Application:

• Residential
• Commercial
• Infrastructure
• Automotive
• Others

Residential accounted for the largest market share as this sector demands high volumes of water-soluble paints for home renovation and new construction projects, driven by the trend towards safer and environmentally friendly products.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific’s dominance in the water-soluble paints market is attributed to rapid urbanization, substantial construction activities, and increasing consumer awareness about eco-friendly products.

Global Water-Soluble Paints Market Trends:

The increasing focus on sustainability as a crucial aspect of product development, prompting manufacturers to explore alternative sources like plant-based oils, cellulose, and other natural ingredients to formulate water-soluble paints, is fueling the market growth. Besides this, the burgeoning integration of smart functionalities into water-soluble paints that offer properties such as self-healing, antimicrobial resistance, and thermal regulation is enhancing the market growth. Additionally, the development of low-temperature cure water-soluble paints that allow the paints to cure effectively at lower temperatures while reducing energy consumption and operational costs is stimulating the market growth.

Top Companies Operated in Water-Soluble Paints Industry:

• Akzo Nobel NV
• Asian Paints Ltd.
• Axalta Coating Systems Ltd.
• BASF SE
• Berger Paints Ltd
• Brillux GmbH and Co. KG
• Chenyang Group Ltd.
• Diamond Vogel
• Dunn-Edwards Corporation (Nippon Paint Holdings Co. Ltd.)
• Jotun, PPG Industries Inc.
• The Sherwin-Williams Compan

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145