Waterborne Coatings Market growth outlook with industry review and forecast 2019-2024

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Waterborne Coatings Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Waterborne Coatings
Industry

• Waterborne coatings market from automotive
  refinish may exceed 1.5 billion at the end of
  2024. Polyurethane is widely used in automotive
  refinishing owing to excellent color retention,
  pigment wetting, chip stone resistance, and
  elasticity. Increasing technological developments
  supported by rising economic standards is likely
  to fuel product demand.
• Waterborne coatings from industrial application
  may witness gains at over 3.5 by 2024. These
  coating has wide applications in steel and
  building structures owing to stringent industry
  norms pertaining to emissions from VOC content
  which is likely to boost product demand.
• Growing consumer adoption toward green
  ecofriendly coatings owing to less HAP VOC
  content which reduces environmental impacts
  should drive waterborne coatings market. These
  coating contains high water content which makes
  them less toxic and help reducing air emissions
  thereby promoting product demand.
• Strict government standards by EU Commission
  regarding harmful emission due to VOC content in
  coatings supported by initiatives including green
  building program is likely to have positive
  influence on industry growth. Shifting
  preferences of architectural profession towards
  waterborne coatings in compliance with green
  building standards may favor industry growth.

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• Polyurethane, PTFE, polyester, polyvinylidene
  fluoride and chloride are major raw materials
  used in commercial manufacturing. Volatile raw
  material cost owing to growing applications in
  polymer, packaging and automotive industries may
  hamper industry profitability and widen demand
  supply gap thereby affecting waterborne coatings
  market price trends.
• Waterborne coatings from industrial wood
  applications may witness steady gains over the
  foreseeable timeframe. Growing technological
  developments to develop UV cured waterborne
  coating for industrial wood applications with
  high performance and chemical stain resistance
  should contribute towards industry growth.

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360 Industry Analysis

• U.S. waterborne coatings market from
  architectural application market may surpass USD
  15.5 billion by 2024. These coatings possess
  excellent adhesion, good abrasion and heat
  resistance ease of application along with cost
  effectiveness and protects building structure
  which is likely to stimulate waterborne coatings
  market growth.
• Germany acrylic coatings market may witness
  strong gains at over 4.5. Positive application
  outlook in road marking, furniture, high traffic
  interior surfaces including frames, doors and,
  wall surfaces owing to quick drying, easy
  cleaning, impact resistance, good gloss color
  retention which is likely to drive industry
  growth.
•  

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• Competitive Analysis
• Key players in the waterborne coatings market
  includes AkzoNobel, Sherwin Williams, Kansai
  Paints, PPG Industries BASF and Axalta.

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