Waterborne Acrylic Coating Market Trends and Future 2018 | Top Companies - The Dow Chemical Company, PPG Industries, BASF SE, DIC Corporation, DSM, Nippon Paints Limited and Axalta Coating Systems

Waterborne Acrylic Coating Market – Abstract

Waterborne Acrylic Coatings are considered as environmental friendly substrates due to the low emission of VOCs (Volatile Organic Compounds) in comparison with the solvent-borne coatings, which thereby minimizes the harsh impact on the environment. They are used in surface treatment of materials that utilize water as a solvent medium. These coatings offer excellent adhesion and good resistance to heat, fire & abrasion. Moreover, these coatings are easily spreadable and take a little amount of quantity as compared to the solvent-borne coatings; hence they are cost-effective.

These unique properties make Waterborne Acrylic Coatings the perfect choice for various applications within the furniture, building & construction industry. Consequently, these coatings perceive huge demand from the sectors such packaging, and most importantly from automotive OEM & aftermarket sector. Growing population coupled with the increasing urbanization worldwide is presaging the growing demand for construction and infrastructure development.

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The improving economy is increasing consumer’s purchasing power, fosters the sale of automobiles and luxury furnishing across the globe. Automotive industry accounts for the largest consumer of these coatings, witnessing the increasing demand and production of automobiles worldwide. These factors presage the surging demand these coatings witness in the market, defining its market landscape on the global platform in the years to come.

Industry/Innovation/Related News

May 11, 2018 – The Dow Chemical Company (US), the chemical giant showcased its complementary portfolio of release coating solutions and adhesives to address regional market needs at the Labelexpo Southeast Asia. Based on Dow's silicone and acrylic technology platforms, the high-value adhesive and release coating solutions will support customers stay abreast of future trends with innovative and reliable technologies and resources in the pressure sensitive industry.

March 20, 2018 – PPG Industries Inc. (PPG –UK) launched its Aquacron Line of Coatings (Aquacron 200 and 100 coatings). Among these, PPG’s (Aquacron 200) waterborne acrylic urethane coatings offer high-end, rustic aesthetic and excellent substrate protection along with the ease of application with excellent sag resistance.

Waterborne Acrylic Coating Market – Regional Analysis

Globally, Asia Pacific accounts for the largest market for Waterborne Acrylic Coating due to the augmented demand from the growing end-user industries such as construction, automotive, and metal packaging, in India, China, Indonesia & Japan. Growing infrastructure development projects coupled with the ever-increasing population drive the regional market growth.

China, backed by the burgeoning building & construction sectors is the largest consumer of the product followed by India, Thailand, Japan, and Vietnam, among others. Also, growing the considerable product demand in different industrial sectors, foster the growth of the APAC market. The market trends substantiating the growth of Waterborne Acrylic Coatings in the region include rapid urbanization and the increasing consumption of the product in the automotive OEM and Aftermarket sector.

North America region stands the second largest market for Waterborne Acrylic Coating owing to the enormous contribution from the US market, fuelled by the broad application areas of the product in the automotive industries.

In Latin America, the market is estimated to witness a remarkable growth owing to the increasing industrial activities primarily in the automotive space. Presence of a large number of automotive OEM & aftermarkets in Brazil and Venezuela positively impact the regional market growth.

The Europe Waterborne Acrylic Coating Market accounts for the third largest market globally. The resurging economy is fuelling the construction and automotive sectors in the region. Moreover, declining crude oil prices are providing impetus to the automotive industry, increasing the production rate, which in turn, drives the growth of the market in this region. Conversely, the stringent environmental regulations imposed on the uses of products emitting VOC (volatile organic compounds) are hampering the market growth on a large scale. Nevertheless, augmenting demand for the product in the industrial, decorative, and others applications is expected to drive the regional market growth up to some extent.

The MEA (the Middle East & Africa) market is anticipated to perceive a considerable market growth during the assessment period, owing to the infrastructure development projects in the region.

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