Latex Coating Market, By Type of Latex (Acrylic Latex Coatings, Vinyl Acetate Ethylene (VAE) Latex Coatings, Styrene Butadiene Latex Coatings, Polyvinyl Acetate (PVA) Latex Coatings, Others), By Application (Construction, Automotive, Furniture, Paper and Packaging, Textiles and Non-Woven, Metal and Industrial, Others), By End-Use Industry (Residential, Commercial, Industrial), By Functionality (Protective Coatings, Decorative Coatings, Adhesive and Sealant Applications), By Substrate (Wood, Metal, Concrete and Masonry, Plastics, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Latex coatings are popular in the paint industry as a protective and decorative finish. They are used for a wide variety of projects, including furniture, wood paneling, wood siding, and children’s playground equipment. Latex paints clean up easily with soap and water, making them ideal for do-it-yourself painting jobs. They also dry more quickly than oil-based paints, which mean the project can be completed in less time.
There are several different types of latex paints, and each offers a unique texture and appearance. Some are premixed and ready-to-use, while others require manual stirring before use. The colorants and pigments that are mixed with the latex create the final product’s color and coverage abilities. Some latex coatings have a sheen, while others are flat or matte. Flat and matte latex paints hide blemishes, but they are not as durable as gloss or eggshell. The growing need for environment-friendly and sustainable coating solutions has been driving the demand for latex coatings from paints & coatings, textile & paper processing, cement & concrete, and other manufacturing sectors. Moreover, stringent regulatory standards regarding VOC emissions have compelled coating manufacturers to increasingly adopt low-emitting water-based latex formulations.
Market Dynamics
The growth of the latex coating market can be attributable to its widespread application in industries such as construction, automotive, and furniture. Latex coatings have desired features such as adhesion, durability, and water resistance, making them ideal for interior and exterior painting, wood finishing, metal protection, and other applications.
While latex coatings have numerous advantages, they may be limited in certain applications. Latex coatings, for example, may not give the same level of performance as specialty coatings in extremely demanding industrial or maritime settings. This may limit its use in industries that demand exceptional toughness and resistance.
Key features of the study:
This report provides in-depth analysis of the global latex coating market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global latex coating market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include PPG Industries Akzo Nobel N.V., Sherwin-Williams Company, BASF SE, The Dow Chemical Company, Arkema Group, RPM International Inc., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems Ltd., Asian Paints Limited, Kansai Paint Co., Ltd., Jotun Group, Sika AG, Hempel A/S, Benjamin Moore & Co.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global latex coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global latex coating market
Latex Coating Market Detailed Segmentation:
By Type of Latex:
Acrylic Latex Coatings
Vinyl Acetate Ethylene (VAE) Latex Coatings
Styrene Butadiene Latex Coatings
Polyvinyl Acetate (PVA) Latex Coatings
Others
By Application:
Construction
Automotive
Furniture
Paper and Packaging
Textiles and Non-Woven
Metal and Industrial
Others
By Functionality:
Protective Coatings
Decorative Coatings
Adhesive and Sealant Applications
By Substrate:
Wood
Metal
Concrete and Masonry
Plastics
Others
By End-Use Industry:
Residential
Commercial
Industrial
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
By Company:
PPG Industries
Akzo Nobel N.V.
Sherwin-Williams Company
BASF SE
The Dow Chemical Company
Arkema Group
RPM International Inc.
Nippon Paint Holdings Co., Ltd.
Axalta Coating Systems Ltd.
Asian Paints Limited
Kansai Paint Co., Ltd.
Jotun Group
Sika AG
Hempel A/S
Benjamin Moore & Co.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Latex Coating, By Type of latex
Market Latex Coating, By Application
Market Latex Coating, By Functionality
Market Latex Coating, By Substrate
Market Latex Coating, By End-Use Industry
Market Latex Coating, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing demand from end-use industries
Restraints
Limited performance in certain applications
Opportunities
Growing demand for green and sustainable coatings
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Latex Coating Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Latex Coating Market , By Type Of Latex, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Acrylic Latex Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Vinyl Acetate Ethylene (VAE) Latex Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Styrene Butadiene Latex Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Polyvinyl Acetate (PVA) Latex Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
6. Latex Coating Market , By Application, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Furniture
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Paper and Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Textiles and Non-Woven
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Metal and Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
7. Latex Coating Market , By Functionality, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Protective Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Decorative Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Adhesive and Sealant Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
8. Latex Coatings Market , By Substrate, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Wood
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Metal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Concrete and Masonry
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Plastics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)