Press release
Global Waterborne Coatings Market to grow at a CAGR of 4.80% during Forecast 2016-2020
Waterborne coating is a type of coating, which uses water as a solvent. Water is used as a dispersal agent for resins, thereby making them eco-friendly and easy to use. Water constitutes 80% of the volume of the paint, with traces of other solvents, such as glycol ethers. These coatings are gaining wide application in the US and Western Europe because of their low level of volatile organic carbon (VOC) content. Waterborne coatings are used to enhance the appearance of buildings, fireproofing systems, offices, and factories, as well as to protect them from moisture, ultraviolet (UV) radiation, and microbes. Paints, primers, lacquers, varnishes, and stains are some of the main types of waterborne coating products. These products are formulated using various types of resins, such as acrylics, alkyds, polyesters, and polyurethanes. Waterborne coatings are further classified as water-soluble paints, emulsion-latex coatings, and water-based alkyd coatings.
The global waterborne coatings market to grow at a CAGR of 4.80% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global waterborne coatings market for 2016-2020. To calculate the market size, Technavio considers the revenue generated through sales of waterborne coating products for applications in the architecture, general, automotive, wood, coil, marine, and other industries.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Waterborne Coatings Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Akzo Nobel
- Axalta Coating Systems
- BASF
- PPG Industries
- RPM International
- Sherwin-Williams
Other prominent vendors
- Jotun
- Kansai Paint
- Nippon Paint
- Sika
- Valspar
Market driver
- Decrease in demand for solvent-based coating
- For a full, detailed list, view our report
Market challenge
- Increasing use of new coating process technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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