China Water Borne Coatings Market Overview, 2028

China's market for waterborne coatings continues to grow quickly and has a lot of potential. Because of the government's strict environmental restrictions and the rising importance of sustainability, waterborne coatings are becoming more and more popular as an environmentally benign substitute for solvent-based coatings. Waterborne coatings are widely used in China's automotive industry, which is primarily motivated by the requirement for corrosion protection and aesthetic improvement. Given that aqueous coatings provide high durability, weather resistance, and minimal VOC emissions for architectural applications, the building industry also offers substantial prospects. Domestic manufacturers in China are investing in research and development to enhance the performance and application properties of waterborne coatings. Advanced technologies and formulations are being developed to meet specific industry requirements, such as high-performance automotive coatings or specialized coatings for electronic devices. The waterborne coating market in China has been experiencing rapid growth in recent years. This can be attributed to the increasing demand for environmentally friendly coatings and the government's focus on sustainable development. The automotive industry is a major consumer of waterborne coatings in China. The market's growth is driven by the rising demand for high-quality coatings that offer excellent corrosion resistance, durability, and aesthetic appeal. According to the report title, “China Waterborne Coating Market Overview, 2028”, publish by Bonafide research, the market is anticipated to add USD 5.24 Billion from 2022 to 2028. Chinese manufacturers are investing in research and development to enhance the performance and application properties of waterborne coatings. Advanced technologies and formulations are being developed to meet the specific requirements of different industries. Collaboration and Innovation: The China waterborne coating market is characterized by collaborations and partnerships between domestic and international players. This fosters innovation, knowledge exchange, and the development of new and improved waterborne coating solutions. Growing Environmental Awareness: Chinese consumers are becoming increasingly aware of environmental issues and the importance of sustainable products. This has led to a surge in demand for waterborne coatings, which offer lower VOC emissions and reduced environmental impact compared to solvent-based coatings. Apart from the automotive sector, the demand for waterborne coatings is also growing in industries such as construction, furniture, packaging, and electronics. These industries value the benefits of waterborne coatings, including improved performance, durability, and compliance with environmental regulations. The China waterborne coating market is highly competitive, with a mix of domestic and international players vying for market share. This competition stimulates continuous innovation and the development of high-quality and cost-effective waterborne coating solutions.

In light of a number of factors, acrylic resin is widely used in China's aqueous coating business. At the outset, the acrylic resin has great adhesion qualities to a variety of substrates that are frequently used in Chinese industries, including metals, plastics, and wood. Due to its adaptability, it can be used for a variety of purposes, such as furniture coatings, construction, and automobile coatings. Also, acrylic aqueous coatings have good weather resistance, which is important in a country like China with a variety of climatic conditions. The coatings can tolerate UV rays, moisture, and temperature changes, offering long-lasting protection and preserving the beauty of coated surfaces over time. Regarding polyurethane resin, it has a sizable market in China for aqueous coatings. Waterborne polyurethane coatings are renowned for their outstanding chemical resistance and durability. They are highly suited for demanding applications in protective coatings, industrial processes, and the automotive industry where chemical, abrasion, and impact resistance are essential. aqueous coatings made of polyurethane and acrylic are compatible with China's emphasis on sustainable development and environmental protection. In comparison to solvent-based coatings, these resin types emit fewer volatile organic compounds (VOCs), making the coating business healthier and more environmentally friendly. The industry for aqueous coatings is covered by a number of expos and events in China. Waterborne coatings are among the products on display at ChinaCoat, a well-known international trade fair for coatings, inks, and adhesives. Industry experts gather at the China International Coatings, Printing Inks, and Adhesives Exhibition (CIA) to talk about trends and new products. Manufacturers of aqueous coatings have a platform at China (Guangzhou) International Paint & Coatings Fair, which is dedicated to the paint and coatings sector. Waterborne coatings are one of the many topics covered at the biennial trade show in China called Coating Expo. In China's burgeoning industry for waterborne coatings, these events promote networking, knowledge sharing, and business prospects. China's waterborne coating market witnesses continuous innovations such as high-performance coatings that provide superior durability and weather resistance. Eco-friendly formulations with reduced VOC emissions are also a focus, aligning with the country's environmental regulations and sustainability goals. AkzoNobel, PPG Industries, and BASF SE are prominent market leaders in the China waterborne coating market. They offer a diverse range of waterborne coatings for different applications, leveraging their global expertise and strong market presence. The China National Coatings Industry Association (CNCIA) and the China Coating Industry Association (CCIA) are influential associations in the waterborne coating market. They play vital roles in promoting technological advancements, standardization, and industry collaboration, ensuring industry growth and development. China's ongoing infrastructure projects, such as construction and transportation development, drive the demand for high-quality coatings. Waterborne coatings offer excellent corrosion resistance and durability, making them suitable for infrastructure applications. The booming automotive industry in China presents opportunities for waterborne coatings due to their superior performance, including scratch resistance, weather ability, and color retention. The increasing focus on environmental protection and sustainability in China creates opportunities for waterborne coatings, which have lower VOC emissions and align with stringent environmental regulations. Waterborne coatings often have higher production costs compared to solvent-based alternatives, posing a challenge to their widespread adoption in price-sensitive markets. Achieving optimal performance while maintaining low VOC levels can be a technical challenge for waterborne coatings, requiring continuous research and development efforts. The waterborne coating market in China is highly competitive, with numerous local and international players. Companies face challenges in establishing a market presence and differentiating themselves amidst this intense competition.

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Manmayi Raval

Research Consultant

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

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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