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Waterborne Automobile Coating Market Future Growth Opportunities 2015-2025
Waterborne Automobile Coating Market
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Global Waterborne Automotive Coatings Market:Drivers & Restraints:
Increasing demand for waterborne coatings owing to its ability to protect automobiles against UV radiation, acid rain and bad weather is expected to drive the global waterborne automotive coating market. Moreover, growing automotive production in Asia-Pacific coupled with rising middleclass income is anticipated to fuel market growth over the forecast period. Surging waterborne coatings demand on account of increasing accidents and aging of vehicles is expected to augment the market demand over the forecast period. Rising consumption of waterborne automotive coatings on account of their excellent chemical and physical properties such as low temperature processing, high chemical resistance and solvent free preparations is anticipated to drive automotive coatings demand. Waterborne automotive coatings are replacing solvent borne coatings owing to their cost advantage and other chemical properties. Moreover new investments by companies along with increasing number of production facilities is expected to further stimulate the global automotive waterborne automotive coatings market.
Global Waterborne Automotive Coatings Market: Segmentation:
On the basis of product type, the global waterborne automotive coatings market is segmented into
Water-soluble paints
Water-dispersible paints or colloidal coatings
Emulsion/ latex paints
Water based alkyds
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On the basis of binders, the global waterborne automotive coatings market is segmented into
Polyvinyl ethers
Polyacrylate
Polyurethane resins
Epoxy resins
Alkyd resins
Others
On the basis of end use, the global waterborne automotive coatings market is segmented into
Passenger vehicle OEM
Commercial vehicle OEM
Commercial refinish
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