| Product Code: ETC8854539 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines water-based coating import market in 2024 saw significant contributions from top exporting countries including Thailand, Malaysia, Japan, China, and Vietnam. Despite this diverse range of sources, the market exhibited low concentration with a stable Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for the period 2020-2024 stood at an impressive 12.92%, indicating sustained expansion. Moreover, the growth rate from 2023 to 2024 accelerated to 11.42%, pointing towards a positive trajectory for the industry in the Philippines.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Water Based Coating Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Water Based Coating Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Water Based Coating Market - Industry Life Cycle |
3.4 Philippines Water Based Coating Market - Porter's Five Forces |
3.5 Philippines Water Based Coating Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Philippines Water Based Coating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Water Based Coating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental concerns and regulations promoting the use of eco-friendly water-based coatings. |
4.2.2 Growth in construction activities and infrastructure development driving the demand for water-based coatings. |
4.2.3 Rising focus on sustainable and green building practices leading to the adoption of water-based coatings. |
4.3 Market Restraints |
4.3.1 High initial cost of water-based coatings compared to solvent-based coatings. |
4.3.2 Limited availability of raw materials for water-based coatings leading to supply chain challenges. |
4.3.3 Lack of awareness and technical expertise among end-users for application and benefits of water-based coatings. |
5 Philippines Water Based Coating Market Trends |
6 Philippines Water Based Coating Market, By Types |
6.1 Philippines Water Based Coating Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Water Based Coating Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Philippines Water Based Coating Market Revenues & Volume, By Acrylic, 2021- 2031F |
6.1.4 Philippines Water Based Coating Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.5 Philippines Water Based Coating Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.1.6 Philippines Water Based Coating Market Revenues & Volume, By Polyester, 2021- 2031F |
6.1.7 Philippines Water Based Coating Market Revenues & Volume, By Alkyd, 2021- 2031F |
6.1.8 Philippines Water Based Coating Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Water Based Coating Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Water Based Coating Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.2.3 Philippines Water Based Coating Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Philippines Water Based Coating Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Philippines Water Based Coating Market Revenues & Volume, By Wood, 2021- 2031F |
6.2.6 Philippines Water Based Coating Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Water Based Coating Market Import-Export Trade Statistics |
7.1 Philippines Water Based Coating Market Export to Major Countries |
7.2 Philippines Water Based Coating Market Imports from Major Countries |
8 Philippines Water Based Coating Market Key Performance Indicators |
8.1 Percentage increase in demand for eco-friendly coatings in the construction industry. |
8.2 Number of new infrastructure projects specifying the use of water-based coatings. |
8.3 Adoption rate of water-based coatings in different end-user industries. |
9 Philippines Water Based Coating Market - Opportunity Assessment |
9.1 Philippines Water Based Coating Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Philippines Water Based Coating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Water Based Coating Market - Competitive Landscape |
10.1 Philippines Water Based Coating Market Revenue Share, By Companies, 2024 |
10.2 Philippines Water Based Coating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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