Press release
Waterborne Coatings Market Trends by Key Players: BASF, Berger Paints, PPG Industries, Sherwin-Williams, Valspar, Axalta Coating Systems and Nippon Paint
Waterborne Coatings Market
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Waterborne Coatings Market may surpass USD 95 billion by 2024; according to a new research report. Growing consumer adoption toward green ecofriendly coatings owing to less HAP & VOC content which reduces environmental impacts should drive waterborne coatings market. These coating contains high water content which makes them less toxic and help reducing air emissions thereby promoting product demand.
Strict government standards by EU Commission regarding harmful emission due to VOC content in coatings supported by initiatives including green building program is likely to have positive influence on industry growth. Shifting preferences of architectural profession towards waterborne coatings in compliance with green building standards may favor industry growth.
Waterborne coatings market from automotive refinish may exceed 1.5 billion at the end of 2024. Polyurethane is widely used in automotive refinishing owing to excellent color retention, pigment wetting, chip stone resistance, and elasticity. Increasing technological developments supported by rising economic standards is likely to fuel product demand.
Germany acrylic coatings market may witness strong gains at over 4.5%. Positive application outlook in road marking, furniture, high traffic interior surfaces including frames, doors and, wall surfaces owing to quick drying, easy cleaning, impact resistance, good gloss & color retention which is likely to drive industry growth.
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Waterborne coatings from industrial wood applications may witness steady gains over the foreseeable timeframe. Growing technological developments to develop UV cured waterborne coating for industrial wood applications with high performance and chemical & stain resistance should contribute towards industry growth.
Global waterborne coatings market share is competitive and moderately fragmented with major player present in this industry includes AkzoNobel, Sherwin Williams, Kansai Paints, PPG Industries BASF and Axalta. Companies are investing in research to develop novel products and technologies including UV technologies which may further drive industry growth.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Waterborne coatings market 3600 synopsis, 2017 –2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Product trends
2.1.4. Regional trends
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Chapter 3. Waterborne Coatings Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. China
3.5. Technology Landscape
3.6. Pricing analysis
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.8. Innovation & sustainability
3.9. Growth potential analysis
3.9.1. Emerging business models
3.10. Porter's analysis
3.11. Competitive landscape, 2016
3.11.1. Strategic dashboard
3.12. PESTEL analysis
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