水性バリアコーティング市場 : 2028年までの世界予測

Report Overview

The global water-based barrier coatings market size is projected to grow from USD 1.2 billion in 2023 to USD 1.6 billion, at a CAGR of 6.3%.

世界の水性バリアコーティング市場規模は、2023 年の 12 億米ドルから 6.3% の CAGR で 16 億米ドルに成長すると予測されています。

Ongoing innovations and advancements further catalyze the market growth of water-based barrier coatings. Manufacturers continue to invest in R&D to enhance the performance and sustainability of these coatings, making them even more appealing to a broad spectrum of industries. Water-based barrier coatings are experiencing robust growth in the market, driven by their alignment with sustainability, product protection, and regulatory compliance. As consumers and industries demand eco-friendly and safe packaging solutions, these coatings have emerged as a pivotal player in shaping the packaging industry’s future. Their ability to address critical industry challenges while meeting evolving consumer expectations positions them as a compelling choice for businesses seeking a competitive edge and a sustainable future in the packaging landscape.

The oil/grease segment is expected to register one of the highest market share during the forecast period
Oil and grease barrier-type water-based coatings represent a specialized subset within water-based barrier coatings, indicating exceptional resistance to oily substances. These coatings are meticulously formulated, incorporating water as the primary solvent along with selective fillers, additives, and binders. The amalgamation of these constituents results in a coherent and water-based coating matrix with specific attributes tailored to repel oil and grease.
The core function of these coatings is to establish a robust and enduring barrier against the penetration and absorption of oily substances. Water-based barrier coatings hold paramount importance in diverse applications such as food packaging and automotive components. These coatings play a pivotal role in safeguarding product quality, extending equipment lifespan, and ensuring the long-term functionality and durability of automotive parts exposed to challenging environments.

The paper and cardboard segment in substrate is expected to register one of the highest CAGR during the forecast period
The use of cellulose as the primary raw material in producing paper and cardboard packages underscores the value of sustainable sourcing. Cellulose, obtained from specially cultivated plants and trees, serves as the foundation for these packaging materials. The decision to use paper and cardboard is driven by their advantageous properties, including ease of treatment, favorable cargo handling characteristics, and inherent durability. These materials offer versatility, allowing for creating an extensive range of cardboard packages in various shapes and forms due to the availability of diverse cardboard materials in terms of quality and quantity.
Paper, as a constituent of cardboard-based materials, shares similar ease of treatment and adaptability. The contemporary production of package paper encompasses various shapes and forms, enhancing the flexibility of packaging solutions. Paper and cardboard packages are recognized as one of the most cost-effective methods of packaging, offering economic advantages while meeting the demands of various industries. Advancements in technology have further refined cardboard production, enabling the creation of robust yet thinner, lighter, and more cost-efficient cardboard materials. This progress has significantly improved the production process and economic advantages associated with paper and cardboard packaging.

North American water-based barrier coatings market is estimated to capture one of the highest share in terms of volume during the forecast period
The North American food and beverage and packaging industries share a symbiotic relationship. The industry’s evolving consumer preferences, globalization, sustainability efforts, and emphasis on innovation directly influence the packaging solutions used. Packaging, in turn, plays a critical role in product preservation, branding, and meeting regulatory requirements, eventually contributing to the success and growth of the food and beverage industry.

The break-up of the profile of primary participants in the water-based barrier coatings market:
• By Company Type: Tier 1 – 46%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation: C Level – 21%, D Level – 23%,  and Others – 56%
• By Region: North America – 37%, Europe – 23%, Asia Pacific– 26%,  Middle East & Africa – 10%, and South America – 4%

The key companies profiled in this report are Altana Group (Germany), BASF SE (Germany), H.B. Fuller Company (US), Kuraray Co., Ltd (Japan), Sonoco Products Company (US), Michelman, Inc (US), Imerys (France), Solenis (US), Dow Inc (US), Omya AG (Switzerland), and others.

Research Coverage:
 The water-based barrier coatings market is segmented by Component (Water, Filler, Binder, and Additives), Barrier Type (Water Vapor, Oil/Grease), Substrate (Paper & Cardboard, and Others), End-Use Industry (Food & Beverage, and Other), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The study’s coverage covers detailed information on the key factors influencing the growth of the water-based barrier coatings market, such as drivers, constraints, challenges, and opportunities. A thorough examination of the top industry players was carried out in order to provide insights into their company overview, solutions, and services; essential strategies; contracts, partnerships, and agreements. There includes coverage of new product and service launches, mergers and acquisitions, and ongoing developments in the water-based barrier coatings market. A competitive analysis of emerging companies in the water-based barrier coatings business ecosystem is included in this study. Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall water-based barrier coatings market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Growing demand for water-based barrier coatings in emerging economies), restraints (volatility in raw material prices), opportunities (collaboration of distributors in untapped markets), and challenges (multiple subtitutes and high price).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the water-based barrier coatings market
• Market Development: Comprehensive information about lucrative markets – the report analyses the water-based barrier coatings market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the water-based barrier coatings market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Altana Group (Germany), BASF SE (Germany), H.B. Fuller Company (US), Kuraray Co., Ltd (Japan), Sonoco Products Company (US), Michelman, Inc (US), Imerys (France), Solenis (US), Dow Inc (US), Omya AG (Switzerland). The report also helps stakeholders understand the pulse of the water-based barrier coatings market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            25

1.1         STUDY OBJECTIVES      25

1.2         MARKET DEFINITION   25

1.2.1      INCLUSIONS AND EXCLUSIONS 26

1.2.2      DEFINITION AND INCLUSIONS, BY COMPONENT           26

1.2.3      DEFINITION AND INCLUSIONS, BY BARRIER TYPE         27

1.2.4      DEFINITION AND INCLUSIONS, BY SUBSTRATE 27

1.2.5      DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY             28

1.3         STUDY SCOPE  29

FIGURE 1           WATER-BASED BARRIER COATINGS MARKET SEGMENTATION              29

1.3.1      REGIONS COVERED      29

1.3.2      YEARS CONSIDERED     30

1.3.3      CURRENCY CONSIDERED          30

TABLE 1             UNITED STATES DOLLAR EXCHANGE RATE, 2019–2022 30

1.3.4      UNITS CONSIDERED     30

1.4         STAKEHOLDERS            31

1.5         RECESSION IMPACT      31

2            RESEARCH METHODOLOGY     32

2.1         RESEARCH DATA           32

FIGURE 2           WATER-BASED BARRIER COATINGS MARKET: RESEARCH DESIGN              32

2.1.1      SECONDARY DATA       33

2.1.1.1   Key data from secondary sources     33

2.1.2      PRIMARY DATA 33

2.1.2.1   Key data from primary sources         34

2.1.2.2   Breakdown of interviews with experts            34

FIGURE 3           BREAKDOWN OF INTERVIEWS WITH EXPERTS  34

2.1.2.3   Primary data sources          35

2.1.2.4   Key industry insights          35

2.2         MARKET SIZE ESTIMATION       36

2.2.1      BOTTOM-UP APPROACH           36

FIGURE 4           MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH  36

2.2.2      TOP-DOWN APPROACH             37

FIGURE 5           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    37

FIGURE 6           WATER-BASED BARRIER COATINGS MARKET ESTIMATION, BY SUBSTRATE      38

FIGURE 7           WATER-BASED BARRIER COATINGS ESTIMATION, BY REGION              38

2.3         MARKET FORECAST APPROACH            39

2.3.1      SUPPLY-SIDE FORECAST            39

FIGURE 8           WATER-BASED BARRIER COATINGS MARKET: SUPPLY-SIDE FORECAST        39

2.3.2      DEMAND-SIDE FORECAST         39

FIGURE 9           METHODOLOGY FOR SUPPLY-SIDE SIZING OF WATER-BASED BARRIER COATINGS MARKET   40

2.4         FACTOR ANALYSIS        40

FIGURE 10         MAJOR FACTORS RESPONSIBLE FOR RECESSION AND THEIR IMPACT ON MARKET    40

2.5         DATA TRIANGULATION             41

FIGURE 11         WATER-BASED BARRIER COATINGS MARKET: DATA TRIANGULATION          41

2.6         ASSUMPTIONS 42

2.7         LIMITATIONS   42

2.8         GROWTH FORECAST    43

2.9         RISK ASSESSMENT         43

TABLE 2             WATER-BASED BARRIER COATINGS MARKET: RISK ASSESSMENT    43

2.10       RECESSION IMPACT ANALYSIS 43

3            EXECUTIVE SUMMARY 44

TABLE 3             WATER-BASED BARRIER COATINGS MARKET SNAPSHOT (2023 VS. 2028)            45

FIGURE 12         WATER VAPOR BARRIER TYPE TO DOMINATE MARKET DURING FORECAST PERIOD     45

FIGURE 13         PAPER & CARDBOARD SUBSTRATE SEGMENT TO GROW AT HIGHEST CAGR BETWEEN 2023 AND 2028           46

FIGURE 14         FOOD & BEVERAGE PACKAGING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD   47

FIGURE 15         ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD              48

TABLE 4             KEY PLAYERS   49

4            PREMIUM INSIGHTS      50

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WATER-BASED BARRIER COATINGS MARKET   50

FIGURE 16         DEVELOPED ECONOMIES OFFER LUCRATIVE GROWTH POTENTIAL FOR MARKET PLAYERS      50

4.2         WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE   50

FIGURE 17         PAPER & CARDBOARD TO DOMINATE MARKET DURING FORECAST PERIOD       50

4.3         WATER-BASED BARRIER COATINGS MARKET IN ASIA PACIFIC, BY BARRIER TYPE AND COUNTRY 51

FIGURE 18         WATER VAPOR SEGMENT AND CHINA ACCOUNTED FOR HIGHEST GROWTH IN 2022        51

4.4         WATER-BASED BARRIER COATINGS MARKET, DEVELOPED VS. EMERGING ECONOMIES            51

FIGURE 19         MARKET IN DEVELOPED COUNTRIES TO GROW FASTER THAN IN EMERGING ECONOMIES       51

4.5         WATER-BASED BARRIER COATINGS MARKET, BY KEY COUNTRY              52

FIGURE 20         INDIA TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD              52

5            MARKET OVERVIEW     53

5.1         INTRODUCTION            53

5.2         MARKET DYNAMICS     54

FIGURE 21         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN WATER-BASED BARRIER COATINGS MARKET             54

5.2.1      DRIVERS            54

5.2.1.1   Growing demand for sustainable and biodegradable products in packaging industry 54

5.2.1.2   Longer shelf life of products, oil and grease-free packaging, and moisture resistance             55

5.2.1.3   Tremendous growth of food & beverage packaging industry       55

5.2.2      RESTRAINTS     56

5.2.2.1   Volatility in raw material prices and less consumer awareness    56

5.2.3      OPPORTUNITIES           57

5.2.3.1   Collaboration and partnerships with prominent packaging manufacturers 57

5.2.3.2   Technological advancements and eco-friendly packaging           57

5.2.4      CHALLENGES   58

5.2.4.1   Multifarious factors challenging water-based barrier coatings market       58

5.3         PORTER’S FIVE FORCES ANALYSIS         58

TABLE 5             WATER-BASED BARRIER COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS         58

FIGURE 22         PORTER’S FIVE FORCES ANALYSIS: WATER-BASED BARRIER COATINGS MARKET      59

5.3.1      THREAT FROM NEW ENTRANTS             59

5.3.2      THREAT OF SUBSTITUTES         59

5.3.3      BARGAINING POWER OF BUYERS           60

5.3.4      BARGAINING POWER OF SUPPLIERS     60

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 60

5.4         MACROECONOMIC INDICATORS           60

5.4.1      INTRODUCTION            60

5.4.2      GDP TRENDS AND FORECAST  60

TABLE 6             GDP TRENDS AND FORECAST, PERCENTAGE CHANGE, 2020–2027      60

5.4.3      TRENDS IN GLOBAL FOOD & BEVERAGE INDUSTRY      62

5.4.4      TRENDS IN GLOBAL PULP & PAPER INDUSTRY 62

5.4.5      WORLD TOTAL PULP PRODUCTION BY REGION IN 2021            63

FIGURE 23         WORLD TOTAL PULP PRODUCTION BY REGION IN 2021              63

5.4.6      WORLD TOTAL PAPER AND BOARD PRODUCTION BY REGION IN 2021              63

FIGURE 24         WORLD TOTAL PAPER AND BOARD PRODUCTION BY REGION IN 2021 63

5.4.7      TRENDS IN PACKAGING INDUSTRY       63

6            INDUSTRY TRENDS       65

6.1         VALUE CHAIN ANALYSIS            65

FIGURE 25         WATER-BASED BARRIER COATINGS MARKET: VALUE CHAIN ANALYSIS          65

6.2         PATENT ANALYSIS        66

6.2.1      METHODOLOGY           66

6.2.2      PUBLICATION TRENDS 66

FIGURE 26         PUBLISHED PATENTS, 2018–2023            66

6.2.3      JURISDICTION ANALYSIS           67

FIGURE 27         PATENTS PUBLISHED BY JURISDICTION, 2018–2023       67

6.2.4      TOP APPLICANTS          67

FIGURE 28         PATENTS PUBLISHED BY MAJOR APPLICANTS, 2018–2023              67

TABLE 7             TOP PATENT OWNERS 68

FIGURE 29         TOP PATENT APPLICANTS FOR WATER-BASED BARRIER COATINGS        69

6.3         ECOSYSTEM/MARKET MAP       70

TABLE 8             WATER-BASED BARRIER COATINGS MARKET: ROLE IN ECOSYSTEM     70

FIGURE 30         WATER-BASED BARRIER COATINGS: ECOSYSTEM/MARKET MAP      71

6.4         WATER-BASED BARRIER COATINGS INVESTMENT LANDSCAPE 71

FIGURE 31         MOST VALUED WATER-BASED BARRIER COATINGS FIRMS IN 2022 (USD BILLION)      71

6.5         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       72

FIGURE 32         TRENDS IN END-USE INDUSTRIES IMPACTING BUSINESS OF WATER-BASED BARRIER COATING MANUFACTURERS  72

6.6         PRICING ANALYSIS        72

6.6.1      AVERAGE SELLING PRICE TREND, BY REGION  73

FIGURE 33         AVERAGE SELLING PRICE TREND OF WATER-BASED BARRIER COATINGS, BY REGION, 2021–2022         73

TABLE 9             AVERAGE SELLING PRICE OF WATER-BASED BARRIER COATINGS, BY REGION, 2021–2022 (USD/KG)     73

6.6.2      AVERAGE SELLING PRICE TREND, BY BARRIER TYPE     73

FIGURE 34         AVERAGE SELLING PRICE TREND OF WATER-BASED BARRIER COATINGS, BY BARRIER TYPE (2022)     73

6.6.3      AVERAGE SELLING PRICE TREND, BY SUBSTRATE         74

FIGURE 35         AVERAGE SELLING PRICE TREND OF WATER-BASED BARRIER COATINGS, BY SUBSTRATE (2022)          74

6.6.4      AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY         74

FIGURE 36         AVERAGE SELLING PRICE TREND OF WATER-BASED BARRIER COATINGS, BY END-USE INDUSTRY (2022)         74

6.6.5      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY         75

FIGURE 37         AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY 75

TABLE 10           AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY, 2023 (USD/KG) 75

6.7         KEY STAKEHOLDERS AND BUYING CRITERIA    76

6.7.1      KEY STAKEHOLDERS IN BUYING PROCESS         76

FIGURE 38         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 76

TABLE 11           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END-USE INDUSTRIES (%) 76

6.7.2      BUYING CRITERIA         77

FIGURE 39         KEY BUYING CRITERIA FOR WATER-BASED BARRIER COATINGS        77

TABLE 12           KEY BUYING CRITERIA FOR WATER-BASED BARRIER COATINGS        77

6.8         TARIFF AND REGULATORY LANDSCAPE            78

6.8.1      REGULATIONS RELATED TO WATER-BASED BARRIER COATINGS              78

6.8.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          79

TABLE 13           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 14           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80

TABLE 15           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         80

6.9         TECHNOLOGY ANALYSIS           81

6.10       TRADE ANALYSIS          82

6.10.1    EXPORT SCENARIO       82

FIGURE 40         REGION-WISE EXPORT DATA, 2018–2022 (USD THOUSAND)              82

TABLE 16           COUNTRY-WISE EXPORT DATA, 2020–2022 (USD THOUSAND)              82

6.10.2    IMPORT SCENARIO       89

FIGURE 41         REGION-WISE IMPORT DATA, 2018–2022 (USD THOUSAND)              89

TABLE 17           COUNTRY-WISE IMPORT DATA, 2020–2022 (USD THOUSAND)              89

6.11       GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH              95

6.11.1    RUSSIA–UKRAINE WAR 95

6.11.2    CHINA  95

6.11.2.1 China’s debt problem         95

6.11.2.2 Environmental commitments           96

6.11.3    EUROPE             96

6.11.3.1 Energy crisis in Europe      96

6.12       CASE STUDY ANALYSIS 97

6.13       KEY CONFERENCES AND EVENTS IN 2024–2025 99

TABLE 18           WATER-BASED BARRIER COATINGS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025             99

7            WATER-BASED BARRIER COATINGS MARKET, BY COMPONENT 100

7.1         INTRODUCTION            101

7.2         WATER 101

7.2.1      RECYCLABILITY AND SUSTAINABILITY OF BARRIER COATINGS TO DRIVE MARKET 101

7.3         FILLER 102

7.3.1      USE IN MULTIFARIOUS INDUSTRIES TO PROPEL MARKET         102

7.4         BINDER              102

7.4.1      ECO-FRIENDLINESS AND SUSTAINABILITY OF BINDERS TO DRIVE MARKET            102

7.5         ADDITIVES       103

7.5.1      EFFECTIVENESS AND HIGH FUNCTIONALITY OF BINDING ADDITIVES TO FUEL DEMAND        103

8            WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE              104

8.1         INTRODUCTION            105

FIGURE 42         WATER VAPOR SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       105

TABLE 19           WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (USD MILLION)             105

TABLE 20           WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (USD MILLION)             106

TABLE 21           WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (KILOTON)      106

TABLE 22           WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (KILOTON)      106

8.2         WATER VAPOR 106

8.2.1      WIDE USE IN CONSTRUCTION SECTOR TO DRIVE MARKET       106

TABLE 23           WATER VAPOR: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)  107

TABLE 24           WATER VAPOR: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)  107

TABLE 25           WATER VAPOR: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON)         108

TABLE 26           WATER VAPOR: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON)         108

8.3         OIL/GREASE     108

8.3.1      EXCEPTIONAL RESISTANCE TO OIL AND GREASE TO FUEL MARKET              108

TABLE 27           OIL/GREASE: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)       109

TABLE 28           OIL/GREASE: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)       109

TABLE 29           OIL/GREASE: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON) 109

TABLE 30           OIL/GREASE: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 110

8.4         OTHER BARRIER TYPES 110

TABLE 31           OTHER BARRIER TYPES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)            111

TABLE 32           OTHER BARRIER TYPES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)            111

TABLE 33           OTHER BARRIER TYPES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON)      111

TABLE 34           OTHER BARRIER TYPES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON)      112

9            WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE   113

9.1         INTRODUCTION            114

FIGURE 43         PAPER & CARDBOARD SUBSTRATE TO LEAD MARKET DURING FORECAST PERIOD       114

TABLE 35           WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)          114

TABLE 36           WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)          115

TABLE 37           WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)   115

TABLE 38           WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)   115

9.2         PAPER & CARDBOARD  115

9.2.1      RESISTANCE TO MOISTURE AND WEATHERING TO FUEL DEMAND              115

TABLE 39           PAPER & CARDBOARD: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)            117

TABLE 40           PAPER & CARDBOARD: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)            117

TABLE 41           PAPER & CARDBOARD: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON)      118

TABLE 42           PAPER & CARDBOARD: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON)      118

9.3         OTHER SUBSTRATES    118

TABLE 43           OTHER SUBSTRATES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)            120

TABLE 44           OTHER SUBSTRATES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)            121

TABLE 45           OTHER SUBSTRATES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON)      121

TABLE 46           OTHER SUBSTRATES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON)      121

10          WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY              122

10.1       INTRODUCTION            123

FIGURE 44         FOOD & BEVERAGE PACKAGING END-USE INDUSTRY TO LEAD MARKET DURING FORECAST PERIOD   123

TABLE 47           WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (USD MILLION)   124

TABLE 48           WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)   124

TABLE 49           WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (KILOTON)          124

TABLE 50           WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)          124

10.2       FOOD & BEVERAGE PACKAGING            125

10.2.1    INCREASING DEMAND IN RESTAURANTS AND CATERING TO BOOST MARKET            125

TABLE 51           FOOD & BEVERAGE PACKAGING: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)      127

TABLE 52           FOOD & BEVERAGE PACKAGING: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)      127

TABLE 53           FOOD & BEVERAGE PACKAGING: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON) 127

TABLE 54           FOOD & BEVERAGE PACKAGING: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 128

10.3       OTHER END-USE INDUSTRIES  128

TABLE 55           OTHER END-USE INDUSTRIES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)      128

TABLE 56           OTHER END-USE INDUSTRIES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)      129

TABLE 57           OTHER END-USE INDUSTRIES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON) 129

TABLE 58           OTHER END-USE INDUSTRIES: WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 129

11          WATER-BASED BARRIER COATINGS MARKET, BY REGION          130

11.1       INTRODUCTION            131

FIGURE 45         ASIA PACIFIC TO REGISTER HIGHEST CAGR BETWEEN 2023 AND 2028           131

TABLE 59           WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (USD MILLION)          131

TABLE 60           WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION)          132

TABLE 61           WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2021–2022 (KILOTON)   132

TABLE 62           WATER-BASED BARRIER COATINGS MARKET, BY REGION, 2023–2028 (KILOTON)   132

11.2       EUROPE             133

11.2.1    RECESSION IMPACT      134

FIGURE 46         EUROPE: WATER-BASED BARRIER COATINGS MARKET SNAPSHOT        135

TABLE 63           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (USD MILLION)    136

TABLE 64           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    136

TABLE 65           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (KILOTON)           136

TABLE 66           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON)           137

TABLE 67           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (USD MILLION)          137

TABLE 68           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (USD MILLION)          137

TABLE 69           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (KILOTON)   138

TABLE 70           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (KILOTON)   138

TABLE 71           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 138

TABLE 72           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 138

TABLE 73           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        139

TABLE 74           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        139

TABLE 75           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (USD MILLION) 139

TABLE 76           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 139

TABLE 77           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (KILOTON)       140

TABLE 78           EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)       140

11.2.2    GERMANY         140

11.2.2.1 Growth of manufacturing and food retail sector to drive market 140

TABLE 79           GERMANY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 141

TABLE 80           GERMANY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 142

TABLE 81           GERMANY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        142

TABLE 82           GERMANY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        142

11.2.3    UK         142

11.2.3.1 Changing consumer preference for online sales to fuel market   142

TABLE 83           UK: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 143

TABLE 84           UK: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 144

TABLE 85           UK: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        144

TABLE 86           UK: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        144

11.2.4    FRANCE             144

11.2.4.1 Technological innovations in packaging industry to drive demand           144

TABLE 87           FRANCE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 145

TABLE 88           FRANCE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 145

TABLE 89           FRANCE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        145

TABLE 90           FRANCE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        146

11.2.5    ITALY   146

11.2.5.1 Rising foreign institutional investments to propel market           146

TABLE 91           ITALY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 147

TABLE 92           ITALY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 147

TABLE 93           ITALY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        147

TABLE 94           ITALY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        147

11.2.6    TURKEY             148

11.2.6.1 Stable financial sector and high public spending to drive market 148

TABLE 95           TURKEY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 148

TABLE 96           TURKEY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 148

TABLE 97           TURKEY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        149

TABLE 98           TURKEY: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        149

11.2.7    REST OF EUROPE           149

TABLE 99           REST OF EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)      149

TABLE 100         REST OF EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)      150

TABLE 101         REST OF EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)             150

TABLE 102         REST OF EUROPE: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)             150

11.3       ASIA PACIFIC    151

11.3.1    RECESSION IMPACT      151

FIGURE 47         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET SNAPSHOT        152

TABLE 103         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (USD MILLION)    153

TABLE 104         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    153

TABLE 105         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (KILOTON)           153

TABLE 106         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON)           154

TABLE 107         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (USD MILLION)          154

TABLE 108         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (USD MILLION)          154

TABLE 109         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (KILOTON)   155

TABLE 110         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (KILOTON)   155

TABLE 111         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 155

TABLE 112         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 155

TABLE 113         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        156

TABLE 114         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        156

TABLE 115         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (USD MILLION) 156

TABLE 116         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 156

TABLE 117         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (KILOTON)       157

TABLE 118         ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)       157

11.3.2    CHINA  157

11.3.2.1 Growing demand for processed & semi-processed food to drive market    157

TABLE 119         CHINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 158

TABLE 120         CHINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 158

TABLE 121         CHINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        158

TABLE 122         CHINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        158

11.3.3    INDIA   159

11.3.3.1 Emerging economy and rising FDI investment to drive market  159

TABLE 123         INDIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 160

TABLE 124         INDIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 160

TABLE 125         INDIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        160

TABLE 126         INDIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        160

11.3.4    JAPAN  161

11.3.4.1 High demand for food & beverage packaging and agriculture to boost market              161

TABLE 127         JAPAN: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 162

TABLE 128         JAPAN: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 162

TABLE 129         JAPAN: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        162

TABLE 130         JAPAN: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        162

11.3.5    SOUTH KOREA 163

11.3.5.1 Increasing demand for packaged food and blister packaging in food industry to drive demand       163

TABLE 131         SOUTH KOREA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)         164

TABLE 132         SOUTH KOREA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)         164

TABLE 133         SOUTH KOREA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)  164

TABLE 134         SOUTH KOREA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)  164

11.3.6    AUSTRALIA & NEW ZEALAND   165

11.3.6.1 Increasing FDI investments in packaged food industry to propel market  165

TABLE 135         AUSTRALIA & NEW ZEALAND: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)             165

TABLE 136         AUSTRALIA & NEW ZEALAND: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)             165

TABLE 137         AUSTRALIA & NEW ZEALAND: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)       166

TABLE 138         AUSTRALIA & NEW ZEALAND: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)       166

11.3.7    INDONESIA       166

11.3.7.1 Rising consumer spending and growing food & beverage industry to boost market              166

TABLE 139         INDONESIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 167

TABLE 140         INDONESIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 167

TABLE 141         INDONESIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        167

TABLE 142         INDONESIA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        167

11.3.8    REST OF ASIA PACIFIC  168

TABLE 143         REST OF ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)      168

TABLE 144         REST OF ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)      168

TABLE 145         REST OF ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)             168

TABLE 146         REST OF ASIA PACIFIC: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)             169

11.4       NORTH AMERICA          169

11.4.1    RECESSION IMPACT      170

FIGURE 48         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET SNAPSHOT     171

TABLE 147         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (USD MILLION)         171

TABLE 148         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)         172

TABLE 149         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (KILOTON)  172

TABLE 150         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON)  172

TABLE 151         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (USD MILLION) 172

TABLE 152         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (USD MILLION) 173

TABLE 153         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (KILOTON)        173

TABLE 154         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (KILOTON)        173

TABLE 155         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)      173

TABLE 156         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)      174

TABLE 157         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)             174

TABLE 158         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)             174

TABLE 159         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (USD MILLION)     174

TABLE 160         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)     175

TABLE 161         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (KILOTON)            175

TABLE 162         NORTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)            175

11.4.2    US         175

11.4.2.1 Rising disposable income to boost market      175

TABLE 163         US: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 177

TABLE 164         US: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 177

TABLE 165         US: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        177

TABLE 166         US: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        177

11.4.3    CANADA            178

11.4.3.1 Growth of food & beverage industry to drive market    178

TABLE 167         CANADA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 178

TABLE 168         CANADA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 178

TABLE 169         CANADA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        179

TABLE 170         CANADA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        179

11.4.4    MEXICO             179

11.4.4.1 Robust macroeconomic policy framework to fuel market            179

TABLE 171         MEXICO: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 180

TABLE 172         MEXICO: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 180

TABLE 173         MEXICO: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        181

TABLE 174         MEXICO: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        181

11.5       SOUTH AMERICA           181

11.5.1    RECESSION IMPACT      182

FIGURE 49         BRAZIL TO REGISTER HIGHEST CAGR BETWEEN 2023 AND 2028              183

TABLE 175         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (USD MILLION)         183

TABLE 176         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)         183

TABLE 177         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (KILOTON)  184

TABLE 178         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON)  184

TABLE 179         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (USD MILLION) 184

TABLE 180         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (USD MILLION) 184

TABLE 181         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (KILOTON)        185

TABLE 182         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (KILOTON)        185

TABLE 183         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)      185

TABLE 184         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)      185

TABLE 185         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)             186

TABLE 186         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)             186

TABLE 187         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (USD MILLION)     186

TABLE 188         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)     186

TABLE 189         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (KILOTON)            187

TABLE 190         SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)            187

11.5.2    BRAZIL 187

11.5.2.1 Government and FDI investments in domestic industries to drive market 187

TABLE 191         BRAZIL: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 188

TABLE 192         BRAZIL: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 188

TABLE 193         BRAZIL: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        188

TABLE 194         BRAZIL: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        189

11.5.3    ARGENTINA      189

11.5.3.1 Increased population and improved economic conditions to drive demand              189

TABLE 195         ARGENTINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION) 189

TABLE 196         ARGENTINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION) 190

TABLE 197         ARGENTINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)        190

TABLE 198         ARGENTINA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)        190

11.5.4    REST OF SOUTH AMERICA         190

TABLE 199         REST OF SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)             191

TABLE 200         REST OF SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)             191

TABLE 201         REST OF SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)       191

TABLE 202         REST OF SOUTH AMERICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)       191

11.6       MIDDLE EAST & AFRICA             192

11.6.1    RECESSION IMPACT      193

FIGURE 50         GCC COUNTRIES TO REGISTER HIGHEST CAGR BETWEEN 2023 AND 2028           193

TABLE 203         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (USD MILLION)         193

TABLE 204         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)         194

TABLE 205         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2021–2022 (KILOTON)  194

TABLE 206         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON)  194

TABLE 207         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (USD MILLION) 195

TABLE 208         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (USD MILLION) 195

TABLE 209         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2021–2022 (KILOTON)        195

TABLE 210         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY BARRIER TYPE, 2023–2028 (KILOTON)        195

TABLE 211         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)      196

TABLE 212         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)      196

TABLE 213         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)             196

TABLE 214         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)             196

TABLE 215         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (USD MILLION)     197

TABLE 216         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)     197

TABLE 217         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2021–2022 (KILOTON)            197

TABLE 218         MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)            197

11.6.2    GCC COUNTRIES           198

TABLE 219         GCC COUNTRIES: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)      199

TABLE 220         GCC COUNTRIES: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)      199

TABLE 221         GCC COUNTRIES: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)             199

TABLE 222         GCC COUNTRIES: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)             199

11.6.2.1 Saudi Arabia        200

11.6.2.1.1            Increased investments in diverse sectors to propel demand        200

11.6.2.2 UAE      201

11.6.2.2.1            Growth of food & beverage industry to drive market    201

11.6.2.3 Rest of GCC countries       202

11.6.3    SOUTH AFRICA 203

11.6.3.1 Innovation and technological advancements to drive market      203

TABLE 223         SOUTH AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)         203

TABLE 224         SOUTH AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)         204

TABLE 225         SOUTH AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)  204

TABLE 226         SOUTH AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)  204

11.6.4    REST OF MIDDLE EAST & AFRICA           204

TABLE 227         REST OF MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (USD MILLION)             204

TABLE 228         REST OF MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (USD MILLION)             205

TABLE 229         REST OF MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2021–2022 (KILOTON)       205

TABLE 230         REST OF MIDDLE EAST & AFRICA: WATER-BASED BARRIER COATINGS MARKET, BY SUBSTRATE, 2023–2028 (KILOTON)       205

12          COMPETITIVE LANDSCAPE       206

12.1       KEY PLAYER STRATEGIES          206

12.1.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2018–2023)       206

TABLE 231         STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2018–2023)              206

12.2       MARKET SHARE ANALYSIS         208

FIGURE 51         MARKET SHARE ANALYSIS, 2022             208

TABLE 232         WATER-BASED BARRIER COATINGS MARKET: DEGREE OF COMPETITION 209

12.3       REVENUE ANALYSIS      211

FIGURE 52         REVENUE ANALYSIS OF TOP FIVE PLAYERS       211

12.4       MARKET RANKING ANALYSIS   211

FIGURE 53         MARKET RANKING ANALYSIS, 2022        211

12.5       BRAND/PRODUCT COMPARATIVE ANALYSIS    212

12.5.1    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY PROMINENT PRODUCTS       212

FIGURE 54         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY PROMINENT PRODUCTS       212

12.5.1.1 JONCRYL HPB 4K (BASF SE)       212

12.5.1.2 H.B. Fuller Company         212

12.5.1.3 Kuraray Pavol (Kuraray Co., Ltd.)   213

12.5.1.4 Flexshield (Sonoco Products Company)        213

12.5.1.5 Imerys   213

12.6       COMPANY EVALUATION MATRIX          213

12.6.1    STARS  213

12.6.2    EMERGING LEADERS    213

12.6.3    PERVASIVE PLAYERS     213

12.6.4    PARTICIPANTS 213

FIGURE 55         WATER-BASED BARRIER COATINGS MARKET: COMPANY EVALUATION MATRIX, 2022      214

12.6.5    COMPANY FOOTPRINT 215

FIGURE 56         PRODUCT FOOTPRINT (17 COMPANIES)           215

TABLE 233         APPLICATION FOOTPRINT (17 COMPANIES)     216

TABLE 234         REGION FOOTPRINT (17 COMPANIES) 216

TABLE 235         COMPANY FOOTPRINT (17 COMPANIES)           217

12.7       START-UP/SME EVALUATION MATRIX 218

12.7.1    PROGRESSIVE COMPANIES       218

12.7.2    RESPONSIVE COMPANIES          218

12.7.3    DYNAMIC COMPANIES 218

12.7.4    STARTING BLOCKS       218

FIGURE 57         WATER-BASED BARRIER COATINGS MARKET: START-UP/SME EVALUATION MATRIX, 2022      219

12.7.5    COMPETITIVE BENCHMARKING            220

TABLE 236         WATER-BASED BARRIER COATINGS MARKET: KEY START-UPS/SMES         220

TABLE 237         WATER-BASED BARRIER COATINGS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES] 220

12.8       VALUATION AND FINANCIAL METRICS OF KEY WATER-BASED BARRIER COATING VENDORS   221

FIGURE 58         EV/EBITDA OF KEY VENDORS   221

12.9       COMPETITIVE SCENARIO AND TRENDS             221

12.9.1    WATER-BASED BARRIER COATINGS MARKET: DEALS, 2018–2023              221

TABLE 238         WATER-BASED BARRIER COATINGS MARKET: DEALS, 2018–2023      221

12.9.2    WATER-BASED BARRIER COATINGS MARKET: PRODUCT LAUNCHES, 2018–2023          222

TABLE 239         WATER-BASED BARRIER COATINGS MARKET: PRODUCT LAUNCHES, 2018–2023   222

12.9.3    WATER-BASED BARRIER COATINGS MARKET: OTHER DEVELOPMENTS, 2018–2023      223

TABLE 240         WATER-BASED BARRIER COATINGS MARKET: OTHER DEVELOPMENTS, 2018–2023      223

13          COMPANY PROFILES    224

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*

13.1       KEY PLAYERS   224

13.1.1    ALTANA GROUP            224

TABLE 241         ALTANA GROUP: COMPANY OVERVIEW             224

FIGURE 59         ALTANA GROUP: COMPANY SNAPSHOT             225

TABLE 242         ALTANA GROUP: PRODUCT LAUNCHES             226

13.1.2    BASF SE              228

TABLE 243         BASF SE: COMPANY OVERVIEW 228

FIGURE 60         BASF SE: COMPANY SNAPSHOT 228

TABLE 244         BASF SE: PRODUCT LAUNCHES 229

TABLE 245         BASF SE: DEALS 229

13.1.3    H.B. FULLER COMPANY 231

TABLE 246         H.B. FULLER COMPANY: COMPANY OVERVIEW 231

FIGURE 61         H.B. FULLER COMPANY: COMPANY SNAPSHOT 231

13.1.4    KURARAY CO., LTD.      233

TABLE 247         KURARAY CO., LTD.: COMPANY OVERVIEW       233

FIGURE 62         KURARAY CO., LTD.: COMPANY SNAPSHOT       233

13.1.5    SONOCO PRODUCTS COMPANY            236

TABLE 248         SONOCO PRODUCTS COMPANY: COMPANY OVERVIEW              236

FIGURE 63         SONOCO PRODUCTS COMPANY: COMPANY SNAPSHOT              236

TABLE 249         SONOCO PRODUCTS COMPANY: OTHER DEVELOPMENTS              237

13.1.6    MICHELMAN, INC.         239

TABLE 250         MICHELMAN, INC.: COMPANY OVERVIEW          239

13.1.7    IMERYS 240

TABLE 251         IMERYS: COMPANY OVERVIEW 240

FIGURE 64         IMERYS: COMPANY SNAPSHOT 240

13.1.8    SOLENIS            241

TABLE 252         SOLENIS: COMPANY OVERVIEW             241

TABLE 253         SOLENIS: DEALS            243

TABLE 254         SOLENIS: OTHER DEVELOPMENTS        243

13.1.9    DOW INC.          244

TABLE 255         DOW INC.: COMPANY OVERVIEW          244

FIGURE 65         DOW INC.: COMPANY SNAPSHOT          244

13.1.10  OMYA AG          246

TABLE 256         OMYA AG: COMPANY OVERVIEW           246

13.2       OTHER PLAYERS           247

13.2.1    SIEGWERK DRUCKFARBEN AG & CO. KGAA        247

TABLE 257         SIEGWERK DRUCKFARBEN AG & CO. KGAA: COMPANY OVERVIEW        247

13.2.2    HUBER GROUP 248

TABLE 258         HUBER GROUP: COMPANY OVERVIEW 248

13.2.3    MELODEA LTD.             249

TABLE 259         MELODEA LTD.: COMPANY OVERVIEW 249

13.2.4    CH-POLYMERS OY         250

TABLE 260         CH-POLYMERS OY: COMPANY OVERVIEW         250

13.2.5    MICA CORPORATION   251

TABLE 261         MICA CORPORATION: COMPANY OVERVIEW    251

13.2.6    PARAMELT B.V. 252

TABLE 262         PARAMELT B.V.: COMPANY OVERVIEW 252

13.2.7    AQUASPERSIONS LIMITED        253

TABLE 263         AQUASPERSIONS LIMITED: COMPANY OVERVIEW         253

*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

14          ADJACENT AND RELATED MARKETS     254

14.1       INTRODUCTION            254

14.2       BARRIER RESINS MARKET          254

14.2.1    MARKET DEFINITION   254

14.2.2    BARRIER RESINS: MARKET OVERVIEW  255

14.2.3    BARRIER RESINS MARKET ANALYSIS, BY TYPE   255

14.2.4    BARRIER RESINS MARKET ANALYSIS, BY RESIN TYPE     255

TABLE 264         BARRIER RESINS MARKET, BY RESIN TYPE, 2019–2026 (USD MILLION)          255

TABLE 265         BARRIER RESINS MARKET, BY RESIN TYPE, 2019–2026 (KILOTON)       256

14.2.5    BARRIER RESINS MARKET ANALYSIS, BY END-USE INDUSTRY    256

14.2.6    BARRIER RESINS MARKET ANALYSIS, BY REGION            256

TABLE 266         BARRIER RESINS MARKET, BY REGION, 2019–2026 (USD MILLION)          256

TABLE 267         BARRIER RESINS MARKET, BY REGION, 2019–2026 (KILOTON)              257

15          APPENDIX         258

15.1       DISCUSSION GUIDE      258

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             261

15.3       CUSTOMIZATION OPTIONS      263

15.4       RELATED REPORTS       263

15.5       AUTHOR DETAILS         264