Waterborne Coatings Market, Spurred by Development of Superior Eco-Friendly Variants, Predicted to Grow Strongly Till 2022
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The report “Waterborne Coatings Market: By Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC); By Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil) & By Region-Forecast (2016-2022)”, published by IndustryARC, estimates that the Asia-Pacific region will register fastest growth during the forecast period.
The Waterborne Coatings Market deals with the development of green substrates which utilize water as solvent to break down a resin, making them eco-friendly and simple to apply. Waterborne coatings ordinarily contain roughly 80% of water with minimal quantities of different solvents.
According to the regulations in western countries, waterborne coating varieties need to have a VOC content under 3.5 gallons of water, these are considered to be easy on nature.
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Scope & Regional Forecast of the Waterborne Coatings Market
Developing interest for waterborne paint which is non-hazardous, easy on nature, and low VOC green coatings from the end-user industry are anticipated to help raise the demand for the Waterborne Coatings Market over the next few years. The expansion of automotive production and construction projects is also expected to drive the growth of demand for powder coating supplies.
In any case, expanding utilization of other better performing green substrates, for example, powder coatings is predicted to obstruct or hamper the development of the Waterborne Coatings Market.
Geographically, Asia-Pacific currently dominates the Waterborne Coatings Market driven by greater levels of demand and utilization of waterborne coating in extensive end user applications. Asia-Pacific is trailed by North America and Europe as second and third biggest regions for the Waterborne Coatings Market.
Asia Pacific is anticipated to register the quickest development, inferable from a quickly extending industrial hub and expanding demand because of developing interest for products in developing countries.
Segmentations & Key Players Involved in the Waterborne Coatings Market
The Waterborne Coatings Market can be broken down into various segmentations on the basis of -
Resin: Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC and Others.
Application: Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil and Others.
Geography: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Waterborne Coatings Market are as follows:
PPG Industries Inc.
RPM International Inc
The Sherwin-Williams Company
The Valspar Corporation
Axalta Coating Systems LLC
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2016 - 2022, to assess how the market will develop.
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