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Waterborne Coatings Market 2018 By Top Manufacturers Sherwin-Williams, Berger Paints, BASF, Valspar, Kansai Paint Co.,Ltd, Tikkurila Oyj, Cloverdale Paint Inc., Sika, PPG Industries, Axalta
Waterborne Coatings Market
Waterborne Coatings Market size should exceed USD 95 billion by 2024. Global waterborne coatings industry share is fragmented with industry players including PPG Industries, AkzoNobel, Valspar, Kansai Paints, Sherwin Williams, Axalta and BASF. Key industry participants strategize to expand is production capacity, adopt new production technology and expand its distribution network to other regions.
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U.S. waterborne coatings demand may surpass USD 15.5 billion by end of 2024. Positive indicators towards increase in infrastructure spending along with growth of automobile sector should drive regional growth. Stringent norms by EPA & OSHA to minimize VOC content to limit toxicity levels should promote product demand.
- Waterborne Coatings Market, By Product
• Acrylic
• Epoxy
• Polyester
• Alkyd
• Polyurethane
• PVDF
• PVDC
• PTFE
• Others
- Waterborne Coatings Market, By Application
• Architectural
• Automotive OEM
• General Industrial
• Protective Coatings
• Industrial Wood
• Metal Packaging
• Automotive Refinish
• Coil
• Marine
• Others
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Waterborne coatings demand from automotive refinish applications may exceed to USD 1.5 billion at end of forecast timeframe. Growing demand from automotive repairs to enhance aesthetic appeal and recover damages including scratches & fading body paint caused by extreme climatic effects and accident should propel product demand.
Architectural applications may witness gains at above 5.5% during forecast timeframe. Increase in living standards has led to rise in renovation, interior decoration and remodeling activities in both residential and commercial construction which should drive waterborne coatings market size. Government initiatives and financial assistance in restoration activities and public infrastructure development mainly in India and China should contribute towards industry growth.
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U.S. waterborne coatings demand may surpass USD 15.5 billion by end of 2024. Positive indicators towards increase in infrastructure spending along with growth of automobile sector should drive regional growth. Stringent norms by EPA & OSHA to minimize VOC content to limit toxicity levels should promote product demand.
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