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Waterborne Coatings Market Overview, Trends, Growth, Demand, Key Players Analysis and Forecast to 2031
Waterborne Coatings Market
Read more about Waterborne Coatings market here: https://www.globalinsightservices.com/reports/waterborne-coatings-market/
Waterborne coatings are those that are based on water as the carrier medium for the active ingredients. These coatings are typically thinner than solvent-borne coatings and have low VOCs. Waterborne coatings have a wide range of applications, including automotive, architectural, and industrial. They are typically more environmentally friendly than solvent-borne coatings and have superior durability and performance.
Key Trends
Some of the key trends in waterborne coatings technology include the development of more environmentally friendly products, the use of nanotechnology to improve performance, and the development of new formulations to address specific needs.
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Market Segments:
The Waterborne Coatings Market is segmented by resin type, application and region. By resin type the market is divided into acrylic, polyester, alkyd, epoxy and others. Based on application, it is divided into architectural and industrial. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the world.
Key Market Players:
The Waterborne Coatings Market includes players such as BASF SE, AkzoNobel N.V. , PPG Industries Inc. , RPM International Inc. , The Sherwin-Williams Company, Asian Paints Limited, Axalta Coating Systems LLC, Nippon Paint Holdings Co. Ltd. , Kansai Paint Co. Ltd. and Jotun Group.
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Key Drivers
The major drivers of this market are the stringent environmental regulations regarding the VOC emissions, and the increasing demand for eco-friendly coatings.
The waterborne coatings are low in VOC emissions as compared to the solvent-based coatings, and are thus preferred by the end-users
Moreover, these coatings provide better corrosion resistance and have superior durability as compared to the solvent-based coatings.
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