Title: Waterborne Coatings Market – Industry Analysis, Competitive Strategy during 2019-2024
1 Waterborne Coatings Market Update, Analysis,
Forecast, 2019 2024
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2Global Market Scenario of Waterborne Coatings
Industry
- 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. - Waterborne Coating Market may surpass USD 95
billion by 2024 according to a new research
report. - 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. - 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.
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3Continue-
- 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 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. - Epoxy coatings market is poised to surpass USD
7.5 billion over the forecast timeframe. It is
widely used in transportation, industrial
maintenance and floor coatings. Key properties
include water chemical resistance, toughness,
durability and high performance thereby promoting
product demand.
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5360 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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6- Competitive Analysis
- Global waterborne coatings market share is
competitive and moderately fragmented with major
player present in this industry includes
AkzoNobel, Sherwin Williams, Kansai Paints, PPG
Industries BASF and Axalta. - Companies are investing in research to develop
novel products and technologies including UV
technologies which may further drive industry
growth.
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