Waterborne Coatings Market – Market Key Players and Global Forecast, 2018–2026


Posted February 2, 2019 by laxmid

Waterborne Coatings Market report categorizes global market by resin type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
 
Waterborne coatings are coatings that contain around 80% water and small quantities of other solvents such as glycol ethers, which are applied to a surface to disperse a resin. Due to its water content, these coatings are. Waterborne coatings possess properties such as low VOC, very low odor, and non-flammability, along with high water content, making it eco-friendly and easy to apply. Waterborne coatings dry at a very fast rate and can be re-coated as well.

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Waterborne coatings are used in a myriad of applications, considering properties that make it a perfect primer such as high resistance to heat and abrasion, excellent adhesion, as well as low toxicity and flammability due to low VOC levels and HAP emissions. The U.S. and Europe are very stringent about regulations on coatings, accepting the widespread use of waterborne coatings as they have a VOC content of less than 3.5 pounds per gallon of water. Relatively small amounts of waterborne coatings are capable of covering large surface areas as compared to equal quantity of solvent-borne coatings.

Acrylic-based waterborne coatings is the fastest-growing type of resin. This is due to increasing demand for these resins in architectural and automotive applications. Regions such as Asia Pacific, South America, the Middle East, and Africa are experiencing rampant urbanization. This has led to increasing infrastructural developments in commercial, residential, and industrial sectors, in turn increasing the demand for architectural coatings in these regions The low interest housing loans in the Asia Pacific region, is the key factor driving growth of the waterborne coatings market for architectural applications.

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Waterborne Coatings Market Outlook – Asia Pacific is the largest, and fastest-growing region in waterborne coatings market

Asia-Pacific is the largest and fastest-growing region in the global waterborne coatings market. The growing construction and automotive end-use industries is the major driving factor for growth of the waterborne coatings market in the region, with India and China being the key growth engines. As per stats released by Indian Brand Equity Foundation—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the real estate market is expected to be valued at US$ 180 billion by 2020.

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Last Updated February 2, 2019