Latex Coating Market, By Type of Latex, By Application, By End-Use Industry, By Functionality, By Substrate, By Geography

PUBLISHED: November 24, 2023

PAGES: 130 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Description

The Global Latex Coating Market is anticipated to be valued at US$ 50.77 Bn in 2023 and is projected to achieve a market size of US$ 73.36 Bn by 2030. This reflects a steady compound annual growth rate (CAGR) of 5.4% during the forecast period from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 50.77 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	5.40%	2030 Value Projection:	US$ 73.36 Bn

Figure 1. Global Latex Coating Share (%), by Region, 2023

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.

Product Code: CMI5944

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)

9. Latex Coating Market , By End-Use Industry, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

10. Latex Coating Market , By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Latex, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Latex Type, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Substrate, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2023-2030,(US$ Bn)

11. Competitive Landscape

PPG Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
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.
Analyst Views