Waterborne Coatings Market Trends, Applications, Competitive Market & Forecast 2017-2024
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Global Waterborne Coatings Market size may grow significantly over the forecast timeframe as they are low-toxic in nature, low VoC, eco-friendly and good adhesive properties making it suitable for industrial and commercial sectors. Positive outlook in architecture, wood, automobile and packaging industries should fuel product demand.
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Colloidal based waterborne coatings consist of insoluble resins particles that suspend in water using mechanical agitation, usually used to coat porous materials. The resins are used in as vinyl acetate copolymers, styrene-butadiene copolymers, vinyl propionate copolymers and acrylate-methacrylate copolymers.
Water based alkyd coating are versatile due to flow, levelling, and gloss properties. These are either applied as dip or spray application.
Reasons to Buy This Report:
1. Waterborne Coatings Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Waterborne Coatings Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles.
The differentiating factor of Waterborne Coatings market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Waterborne Coatings industry are discussed along with regional trends to offer an overall view of the market.
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The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Waterborne Coatings market covering segmentation, size, forecasts, ecosystem analysis and more.
Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Waterborne Coatings market support this sector specific data and information points.
Strong application scope in wood market should drive waterborne coatings market size. They have low VoC, odour, and formaldehyde content making it suitable for wood industry. Global wood coatings market size may witness gains at over 6.5%.
it includes windows, doors, furniture, cabinets, and flooring. Increasing consumer spending on wooden floorings & fitting may drive industry growth. Rapid urbanization along with increase in construction spending in China and India may fuel product demand.
Waterborne coatings from automotive application may witness significant gains over the foreseeable timeframe. It is used to protect automobiles against acid rain, bad weather, and UV radiation.
Increasing automotive demand in India, China, and Japan should drive industry growth. California Air Resources Board (ARB) adopted a suggested control measure (SCM) for automotive coatings to reduce VOC emissions. Companies are investing in R&D to increase automotive production along with preference for eco-friendly products.
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Strong application outlook in architectural should drive waterborne coatings market size over the forecast timeframe. Global architectural coatings market size is poised to exceed USD 85 million by 2024. Rising restoration and renovation activities in commercial and residential buildings in the U.S., China, India, and Germany should boost industry growth.
Global waterborne coatings market share is consolidated with key players include BASF, AkzoNobel, Valspar, Axalta, Sherwin Williams, Jotun, Berger Paints, and PPG Industries.
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