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Global Water-Borne Coatings Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research
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Acrylic coating, polyurethane coating, epoxy coating and alkyd coatings are some of the major types of water-borne coatings. Water-borne acrylic coatings are based on acrylic and water as a film forming agent and are mainly used in architectural and industrial coatings. Water-borne polyurethane coatings are based on polyurethane, water and resins including pre-polymer, adduct, biuret and an aliphatic isocyanurate. Water-borne epoxy coatings have epoxy and water as a film forming agent including epoxy or acrylic hybrids. Water-borne alkyd coatings have alkyd and water as a film forming agent including resins such as polyhydric alcohol, polybasic acid, fatty acid and water.
A spray application equipment, are designed to be corrosion resistant, are widely used for water-borne coatings. Large-scale coating factories have installed spray booths with heating and air movement devices to increase production by reducing curing time. The curing time for water-borne coatings are longer than solvent-borne coatings.
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The global water-borne coatings market is expected to witness robust growth during the forecast period (2017-2023) owing to the growing environmental concerns and increasing awareness among consumers. By resin, acrylic resin segment is projected to witness significant growth due to low production cost, thereby finding application in automotive and infrastructure sectors. Architectural is expected to be the largest application segment while automotive segment is expected to be the fastest growing application segment in global water-borne coatings market during the forecast period owing to growing automotive industry in the developing regions.
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