Global Waterborne Coatings Market – Industry Analysis, Competitive Strategy during 2017-2024

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Waterborne Coatings Market share by applications
and regions for 2017- 2024
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• Overview

• Automotive sector is claimed to be a major growth
  source for waterborne coatings market - courtesy
  the exponentially increasing product demand for
  protecting the vehicles from UV rays,
  discoloration, harsh weather conditions, acid
  rain and the like.
• In this regard, a key waterborne technology that
  has been reigning the automotive space over the
  years is electrocoat, deployed universally as the
  first level of corrosion protection on light
  commercial vehicles.
• Waterborne coatings, over the past few years, has
  become the standard technology for interior wall
  coatings, pertaining to its reduced VOC content.
• Perhaps marred by the fact that interior wall
  coating procures the largest chunk of the overall
  architectural coatings space, waterborne coatings
  market penetration in this particular business
  sphere is quite extensive.

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• Axaltas recent introduction of waterborne
  coatings in its Tufcote portfolio is remnant of
  the fact that waterborne coatings market is set
  to buzz with an influx of development activities.
  The firm has apparently expanded its industrial
  Tufcote product range with the launch of two
  waterborne acrylic products, namely Tufcote Hydro
  LV HG and Tufcote Hydro 2.1 HG. Through this
  launch, Axalta, one of the leading suppliers of
  sustainable and innovative solutions, is
  plausibly aiming to address the growing consumer
  demand for economical industrial products, taking
  a step further in strengthening its position in
  global waterborne coatings market.
• Contemplating the extensive sustainability
  trends across automotive, architectural, and the
  like industrial sectors, it goes without saying
  that the waterborne coatings product demand would
  be massive over the coming years, pertaining to
  its non-toxicity, low VOC content,
  eco-friendliness, and exceptional adhesive
  properties.

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• 360 Analysis

• As per estimates, overall waterborne coatings
  market share from architectural applications
  would record a massive valuation of over USD 85
  billion by 2024, with a projected CAGR of 5.5
  over 2017-2024.
• In tandem, stringent mandatory rollouts enforced
  by governmental entities such as EPA and European
  Union with regards to reduced VOC content in
  building infrastructure have apparently led to an
  increasing adoption of green technologies in
  architectural sector, in turn contributing to the
  overall waterborne coatings industry share.
• The growth prospects for waterborne coatings
  market in Europe and U.S. is forecast to be
  positively high, primarily backed by the emission
  control standardization set forth by the regional
  automotive emission control agencies. 

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Competitive Trends

• The notable industries in Waterborne Coatings
  Market are
• PPG Industries
• AkzoNobel
• Valspar
• Kansai Paints
• Sherwin Williams
• Axalta
• BASF

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