Waterborne Coatings Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
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.
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.
Waterborne Coatings Materials Market Taxonomy
On the basis of resin type, the global waterborne coatings market is segmented into:
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Acrylic Coatings
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Polyester Coatings
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Polyurethane Coatings
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Polyvinylidene Fluoride (PVDF) Coatings
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Polyvinylidene Chloride (PVDC) Coatings
On the basis of application, the global waterborne coatings market is segmented into:
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Architectural
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Marine
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Protective
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Packaging
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Automotive
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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.
Major Keyplayers: BASF SE, AkzoNobel N.V., Axalta Coating System LLC, PPG Industries, The Valspar Corporation, Sherwin-Williams Company, Nippon Paints Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, and Berger Paints India Ltd.
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