Press release
Water-Borne Coatings Market Size, Key Player, Trends, Industry Analysis and Forecast to 2023
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In water-borne coatings, Volatile Organic Compounds (VOCs) are present in fewer quantities thereby, producing less atmospheric emissions. Additionally, they possess good resistance to heat and abrasion. These factors led to significant growth of water-borne coatings market over the past few years.
Acrylic coating, polyurethane coating, epoxy coating and alkyd coatings are some of the major types of water-borne coatings. Water-borne acrylic coatings are based on acrylic and water as a film forming agent and are mainly used in architectural and industrial coatings.
A spray application equipment, are designed to be corrosion resistant, are widely used for water-borne coatings. Large-scale coating factories have installed spray booths with heating and air movement devices to increase production by reducing curing time.
The major challenge faced by the water-borne coatings market is the inability of these coatings to adhere on grimy, chalky and peeling surfaces, thereby demands thorough surface preparation. Surface preparation would require increase in cost and time.
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Key players in the global water-borne coatings market include Akzo Nobel N.V., Asian Paints Ltd., Nippon Mektron, Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems, Benjamin Moore & Co., Berger Paints India Limited, and BASF SE.
Market Segmentation
By resin
Acrylic
Polyester
ALKYD
EPOXY
Polyurethane
PTFE
PVDF
PVDC
Others
By application
Architectural
Automotive
General industrial
Protective
Wood
Marine
Packaging
Coil
Others
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P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
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