Waterborne Coating Market: Global Industry Analysis, Growth, Trends and Forecast, 2020-2024
Low toxicity due to less HAP emissions and VOC levels, alongside high water-content that helps in reducing air emissions, will augment the product demand over the forecast spell. Waterborne coatings are comprised of approximately 70% water, 20% solids and 10% solvents, which is considerably lesser than the 84% solvent content of conventional basecoats.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1708
Furthermore, strict regulatory standards issued by the EU Commission to curb the VOC emissions in coatings, supported by various initiatives such as green building programs, are on the rise.
Accelerating shift towards waterborne coatings by architects to meet the green building standards is likely to give the waterborne coating market a substantial boost over the estimated timeframe.
According to Global Market Insights, Inc, estimates, the global waterborne coating market size is expected to exceed $95 billion by 2024.
What are the key application segments propelling waterborne coatings market share over the projected timeframe?
With regards to the application spectrum, the U.S. waterborne coatings industry from the architectural segment is poised to record a $15.5 billion revenue by 2024. Increased prominence of this segment can be attributed to enhanced features of the product such as excellent adhesion, heat resistance, and good abrasion. Cost-effectiveness, coupled with rising applications in residential, industrial, commercial, and institutional buildings for protective proposes are anticipated to amplify industry expansion.
The automotive refinishing application segment is set to record remuneration worth $1.5 billion by 2024. Additionally, the waterborne coating industry from the industrial application segment is projected to exhibit a growth rate of nearly 3.5% through 2024. This segment is gaining vast prominence due to the increasing usage of waterborne coatings in building and steel structures.
On the other hand, the industrial wood application segment is anticipated to register a significant growth rate in the foreseeable future. Rapid technological advancements in developing waterborne UV-curable coatings for applications in industrial woods, with enhanced performance and stain & chemical resistance will add impetus to the waterborne coating industry growth.
Request for customization @ https://www.gminsights.com/roc/1708
How is rising acrylic coatings consumption in Germany expected to drive waterborne coating market expansion?
The Germany waterborne coating industry from the acrylic product segment is anticipated to expand at over 4.5% growth rate through 2024.
The product is extensively used in furniture, road marking, high traffic interior surfaces including walls, frames, and doors. This can be attributed to its enhanced properties such as color retention, high gloss, impact resistance, easy cleaning, and quick drying, which will provide an opportunity for the waterborne coatings market to grow exponentially.
Key waterborne coating industry players include Axalta, Kansai Paints, Sherwin Williams, and AkzoNobel, among others. These companies are focusing on enhancing their footprints in the market through various strategies such as product development, R&D, and technological advancements including UV technologies. To illustrate, Axalta has initiated the expansion of its waterborne coatings production, by commencing work on the latest phase of its Shanghai-based Jiading plant, in an effort to accommodate the rising need for sustainable coatings from industrial customers.
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Waterborne Coating Market: Global Industry Analysis, Growth, Trends and Forecast, 2020-2024 here
News-ID: 2142566 • Views: 140
More Releases from Global Market Insights, Inc.
APAC methyl glucose market to see 8% CAGR till 2025 | Tinci, BOC Sciences, Kalic …
Global Market Insights, Inc., predicts that the APAC methyl glucose market may surpass $70 million by 2025. Moreover, the product is used in the eye area skincare products owing to its low eye irritation properties. APAC methyl glucose market is poised for robust growth on the back of its wide-ranging application in beauty & personal care products. Methyl glucose derivatives are extensively used in cosmetic products like creams, skin cleansers, shampoos,
APAC Rotomoulding Powder Market Trends and Forecasts, and Key players are A. Sch …
Increased need for advanced automotive solutions due to the rise in purchasing power among people is a vital factor propelling development in APAC rotomoulding powder market. The region witnesses a wide presence of automobile companies like Hyundai, Honda, Tata Motors, Kia and Hero, driving the demand for the process across the industry. More than 25.7 million vehicles had been manufactured in 2019 in China alone, representing a significant potential for
Hot melt amorphous polyalphaolefin market top trends, forecasts, Key players lik …
The hot melt amorphous polyalphaolefin market report is a deep-dive collection of important deliverables. An inherent sub-vertical of the global chemical’s domain, the XXX market has carved out quite a remunerative growth path in the recent years. The report enlists substantial details about this market with respect to its overall foothold in the chemical industry and how the product would find applications across major end-user sectors. The information provided in the
Non halogenated flame retardants market trends, forecasts by key players like Is …
MEA non halogenated flame retardants market is set to grow at 9% over the analysis period due to ongoing large scale infrastructural development activities along with stringent regulations for safeguarding construction activities. In 2015, Latin America transportation sector generated demand of over 3 kilo tons of non-halogenated flame retardant and is expected to grow significantly through 2026. In 2015, China accounted for over 40% of construction sector turnover. APAC non halogenated
More Releases for Waterborne
Waterborne Architectural Coatings Market Research Report 2019
Abstract: On the basis of resin type, Acrylic waterborne coating has witnessed the largest market share and expected to be dominant throughout the forecast period due to the durable properties of the resin. On the other hand, in terms of Application, Architectural & Automotive holds THE largest market share with increase in adoption of waterborne coatings in emerging and developed countries and pigment dispensability. Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/22427/global-waterborne-architectural-coatings-2019-832 The
Global Waterborne Epoxy Resins Market - Size, Share, Trends & Growth Opportuniti …
The Waterborne Epoxy Resins Market 2019-2026 report presents a widespread and fundamental study of Waterborne Epoxy Resins industry along with the analysis of subjective aspects providing key business insights to the readers Waterborne epoxy resins are thermosetting resins that are used in various end-user industries such as automotive, textile, construction, furniture, packaging, and other end-user industries. They demonstrate high gloss, excellent chemical and corrosion resistance, good adhesion, high mechanical stability, high
Waterborne Coatings Market 2018 - 2026
Press Release – 17 Dec 2018 Research and Development News -- . . Latest Update "Waterborne Coatings Market - Global Industry Analysis, Value, Share, Growth, Trends, and Forecast 2018 - 2026" with Industries Survey | Global Current Growth and Future. ' ' Acrylic is anticipated to be the major segment of the global waterborne coatings market during the forecast period. However, the polyurethane segment is expected to expand at a rapid pace in the
Waterborne Coatings Market to Reflect Steady Growth During 2014-2020
Waterborne coatings are green substrates using water as solvent to dissolve a resin, making them environment friendly and easy to apply. These coatings usually contain approximately 80% of water with minimum quantities of other solvents such as glycol ethers. As per the U.S. and European regulations of waterborne coatings to have a VOC content less than 3.5 gallons of water, these are considered eco-friendly in nature. Various types of coatings
Global Waterborne Ink Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Waterborne Ink Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Global Waterborne Ink Market: Overview Waterborne ink is also known as water-based ink. Its drying speed is sluggish compared to solvent-based inks. Ink is a blend of colorant, vehicle (resin), solvent, and additives. Waterborne ink contains 60% water or other solvents, 20% resin, 15% colorant and 5 % additives. The
Waterborne Coatings Market - Global Industry Analysis 2024
A coating is a layer applied on the surface of an application, usually referred to as the substrate. The coating may cover complete substrate, or any part of that substrate. Waterborne coatings are coatings that use water as a solvent to disperse a resin. These coatings are considered eco-friendly, and can be applied easily on the substrate. These coatings contain up to 80% water, with the remainder accounted for by