Australia Water Borne Coatings Market Overview, 2028

Australia Water Borne Coatings Market Overview, 2028

The Australia waterborne coating market has experienced a significant shift towards eco-friendly solutions due to strict environmental regulations and a growing focus on sustainability. Waterborne coatings, with their low VOC content and reduced environmental impact, are preferred by consumers and industries alike. The construction industry in Australia has been a key driver for the waterborne coating market. The demand for waterborne coatings in construction applications, such as architectural coatings for buildings and infrastructure, is increasing due to their excellent durability, weather resistance, and aesthetic appeal. The Australian waterborne coating market has witnessed continuous advancements in technology and formulation techniques. Manufacturers are investing in research and development to improve the performance characteristics of waterborne coatings, such as adhesion, scratch resistance, and chemical resistance, to meet the evolving needs of various industries. Industry players in the Australian waterborne coating market often collaborate with research institutions and organizations to drive innovation. These collaborations aim to develop new formulations, enhance product performance, and address specific challenges faced by the industry. The market has seen a rising demand for sustainable and green coatings. Waterborne coatings align with this trend as they offer a more environmentally friendly alternative to solvent-based coatings, reducing carbon footprints and promoting sustainable practices in the coatings industry.

According to the report title, “Australia Waterborne Coating Market Overview, 2028”, publish by Bonafide research, the market is anticipated to add USD 613.79 Million from 2022 to 2028. In Australia's waterborne coating sector, DuluxGroup is one of the major players. A wide variety of aqueous coatings with distinctive properties are available from them, who have been at the forefront of innovation in the sector. Advanced stain resistance, anti-microbial qualities, and exceptional color retention are all features of the formulas developed by DuluxGroup. These coatings are designed to meet the requirements of applications in the home, workplace, and industry. PPG Industries is another sizable player in the market and is renowned for its cutting-edge aqueous coatings. Solutions with improved durability reduced environmental impact, and self-cleaning capabilities have been introduced. With their waterborne coatings, which provide quick-drying, great gloss retention, and excellent color accuracy, Berger Paints is also making headway in the market. The market for waterborne coatings in Australia is expanding and developing as a result of these industry participants' constant innovation and focus on sustainability.

A handful of essential associations that are vital in fostering the expansion and development of the business assist the waterborne coating market in Australia. The Australasian Corrosion Association (ACA), a reputable organization, concentrates on coatings and corrosion control, prevention, and management. To distribute information and best practices, they offer technical materials, training courses, and industry events. Master Painters Australia (MPA), which advocates for painting and decorating contractors, is another significant organization. For professionals working in the coatings sector, MPA offers training and certification programs, business updates, and networking opportunities. Through its Green Star rating system and certification programs, the Green Building Council of Australia (GBCA) promotes environmentally responsible building practices and supports the use of materials like aqueous coatings. The Australasian Coatings Show is a prominent event that brings together professionals, suppliers, and manufacturers from the region to showcase new technologies and products, including waterborne coatings. PaintEx, organized by Master Painters Australia, is an industry exhibition that offers a platform for suppliers, manufacturers, and contractors to connect and explore business opportunities. Additionally, the Surface Coatings Association Australia (SCAA) Conference focuses on various aspects of the coatings industry, including waterborne coatings, with technical presentations and networking sessions.

In the waterborne coating market of Australia, acrylic resin is highly used due to its versatility and performance characteristics. Acrylic waterborne coatings offer excellent adhesion, durability, and weather resistance, making them suitable for a wide range of applications. They are commonly used in architectural coatings for interior and exterior surfaces, such as walls, ceilings, and facades. Acrylic waterborne coatings are also widely used in the automotive industry for vehicle refinishing, as well as in the industrial sector for metal coatings, machinery, and equipment. The versatility and performance of acrylic resin make it a preferred choice in the Australian waterborne coating market, catering to various applications and providing durable and high-quality finishes.

The market of waterborne coating in Australia is highly competitive, with both domestic and international players vying for market share. This poses challenges for companies to differentiate themselves and maintain profitability. Strict environmental regulations require the use of low-VOC waterborne coatings, which can increase production costs and limit formulation options. The market demands continuous innovation to meet evolving customer needs, such as enhanced durability, faster drying times, and improved application processes. Increasing environmental awareness and regulations drive the demand for waterborne coatings, which offer lower VOC emissions and reduced environmental impact compared to solvent-based alternatives. The expanding construction and infrastructure sectors present opportunities for waterborne coatings, particularly in architectural and protective coatings for buildings, bridges, and other infrastructure projects. Opportunities exist for companies to invest in research and development to create advanced formulations, improve performance, and develop new applications for waterborne coatings. Australia's waterborne coating industry can leverage its expertise and innovation to tap into international markets and benefit from global demand for sustainable coatings.

Considered in this report:
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Australia Waterborne coating market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Resin Type:
• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• PTFE
• PVDF
• PVDC

By Application:
• Architectural
• Industrial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the waterborne coating market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry