Waterborne Coatings Market Projected to Witness Vigorous Expansion by 2024 - 2031 | AkzoNobel N.V., Axalta Coating System LLC

Market Overview:

Waterborne coatings are water-based coatings that use water as a primary solvent or thinning medium. They are extensively used in construction, automotive, wood, and paper industries. Waterborne coatings provide excellent adhesion, corrosion resistance and low VOC emission.

Market Dynamics:

Increasing construction activities across both residential and non-residential sectors are boosting the demand for waterborne coatings on a large scale. Significant growth in the construction industry, especially in developing countries of Asia Pacific and Latin America is driving the waterborne coatings market. The ease of application, longer shelf life and eco-friendly nature of waterborne coatings compared to solvent-borne coatings is also fueling their adoption. Stringent government regulations aimed at lowering VOC emissions from coatings are further propelling the market growth.

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Major Drivers of Demand for Waterborne Coatings: Growing Environmental Regulations and Policies

With increasing awareness about the harmful effects of volatile organic compounds emissions from solvent-borne coatings, governments across the world are implementing stringent environmental regulations to curb air pollution. Major players in the coatings industry are proactively shifting towards developing and marketing waterborne and powder coatings to comply with these regulatory norms. Additionally, favorable policies in the form of subsidies and tax benefits are encouraging end-use industries to replace conventional solvent technologies with eco-friendly waterborne solutions. This transition from solvent to water is a major factor driving the increasing demand for waterborne coatings.

Opportunity for Expanding Application Areas

Though waterborne coatings currently find widespread application in wood coatings and architectural coatings fields, ongoing technological advancements are helping expand their viable application scope into new sectors. Continuous research is enhancing the performance characteristics of waterborne technologies to make them suitable for applications that traditionally use solvent-based systems. For instance, initiatives are increasing to develop waterborne coatings for application in high-performance areas like automotive OEM coatings and industrial coatings. As these efforts prove successful, they will open up new lucrative application opportunities and spur higher demand for waterborne solutions.

Growing Popularity of Powder Coatings

One of the prominent trends being witnessed in the global coatings market is the rising popularity of powder coatings. Powder coating technology eliminates use of any solvents by applying dry paints using an electrostatic spray process. This makes powder coatings even more eco-friendly and sustainable than conventional liquid-based technologies including waterborne coatings. Further, benefits like versatility in available colors and textures as well as a superior finish are propelling powder coatings demand in industries like automotive and furniture. As powder coatings gain more acceptance, they are expected to capture market share from liquid coatings like waterborne variants over the forecast period. However, waterborne coatings will continue playing a crucial role as a bridge technology during this transition.

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Top Companies Included in This Report:

★ AkzoNobel N.V.
★ Axalta Coating System LLC
★ PPG Industries
★ The Valspar Corporation
★ Sherwin-Williams Company
★ Nippon Paints Co. Ltd.
★ Kansai Paint Co. Ltd.
★ Tikkurila OYJ
★ Berger Paints India Ltd.

Market Segmentation:

Based on Product Type:

★ Acrylic Coatings
★ Polyester Coatings
★ Polyurethane Coatings
★ Polyvinylidene Fluoride (PVDF) Coatings
★ Polyvinylidene Chloride (PVDC) Coatings
★ Alkyd Coatings
★ Epoxy Coatings
★ Polytetrafluoroethylene (PTFE) Coatings
★ Others

Based on Applications:

★ Architectural
★ Marine
★ Protective
★ Packaging
★ Automotive
★ Wood
★ General Industrial
★ Others (Coil, etc)

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Latest Trends in the Navigation Waterborne Coatings Market:

💡 Surging Demand: Witness a rising demand for navigation Waterborne Coatings owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Waterborne Coatings, encompassing real-time traffic updates, 3D mapping, and augmented reality.



💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Waterborne Coatings solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.



💡 Fusion with Emerging Technologies: Observe the integration of navigation Waterborne Coatings with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.



💡 Rise of Mobile Applications: Experience the proliferation of navigation Waterborne Coatings in the form of mobile applications, offering enhanced convenience and accessibility to users.



💡 Emphasis on Environmental Sustainability: Witness the development of navigation Waterborne Coatings systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.



Frequently Asked Questions (FAQs) for Global Navigation Waterborne Coatings Market Research:

What are the critical factors that companies should prioritize when entering the Navigation Waterborne Coatings market?



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Which region demonstrates the highest growth rate in the Navigation Waterborne Coatings Market?



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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

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