Title: Analysis of Waterborne Coatings Market applications and company’s active in the industry
1Waterborne Coatings Market to Surpass USD-95
billion by 2024
Waterborne Coatings Market size should exceed USD
95 billion by 2024 according to a new research
report by Global Market Insights, Inc.
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2- Shifting trends towards environment friendly
products to reduce harmful effects on
surroundings should favor waterborne coatings
market size. These coatings are categorized as
eco-friendly products containing, low VOC HAP
content which pose potentially less risk to human
as well as living environment thereby promoting
product demand. - Architectural applications may witness gains at
above 5.5 during forecast timeframe. Increase
in living standards has led to rise in
renovation, interior decoration and remodeling
activities in both residential and commercial
construction which should drive waterborne
coatings market size. - Government initiatives and financial assistance
in restoration activities and public
infrastructure development mainly in India and
China should contribute towards industry growth. - Strict amendments by EU Commission and EPA
pertaining to VOC content in coating and ensure
safety supported by adoption of green
technologies and bio based materials for
architectural applications may positively impact
waterborne coatings demand.
_at_ 2017 Global Market Insight, Inc. USA.
www.gminsights.com
3Browse Report Summary_at_ https//goo.gl/nAojys
- Waterborne coatings demand from automotive
refinish applications may exceed to USD 1.5
billion at end of forecast timeframe. Growing
demand from automotive repairs to enhance
aesthetic appeal and recover damages including
scratches fading body paint caused by extreme
climatic effects and accident should propel
product demand. - Increasing application outlook in automotive
industry owing to compliance with low emission
standards set forth by automotive emission
control agencies mainly in the U.S. and Europe
should propel product demand. - These products also provide additional benefits
which include protection from harsh weather, UV
rays, discoloration and acid rain, thereby
promoting waterborne coatings demand. - U.S. waterborne coatings demand may surpass USD
15.5 billion by end of 2024. Positive indicators
towards increase in infrastructure spending along
with growth of automobile sector should drive
regional growth. Stringent norms by EPA OSHA to
minimize VOC content to limit toxicity levels
should promote product demand.
_at_ 2017 Global Market Insight, Inc. USA.
www.gminsights.com
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- Polyvinylidene chloride fluoride, polyester,
polyurethane and polytetrafluoroethylene are some
of the raw materials used for production. Raw
material cost concerns may widen demand supply
gap which may impact on waterborne coatings
market price trend. - Polyester waterborne coatings market size will
surpass USD 1 billion during forecast timeframe
due to its excellent film forming properties and
pigment dispensability, along with its
self-emulsifying type waterborne resin should
boost product demand.Recent product developments
including waterborne UV coatings synthesized by
bio based polyester resins should drive industry
growth. - These products finds application in furniture,
plastic, wood paints and printing inks industry.
Polyurethane, polyacrylate and polyvinyl ethers
are used as binders while epoxy and alkyd resins
are used to formulate product applications.
_at_ 2017 Global Market Insight, Inc. USA.
www.gminsights.com
5Competitive Trends
- The notable industries Waterborne Coatings are
- PPG Industries,
- AkzoNobel,
- Valspar,
- Kansai Paints,
- Sherwin Williams,
- Axalta
- BASF
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