waterborne

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.
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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. Relatively small amounts of waterborne
coatings are capable of covering large surface areas as compared to equal quantity
of solvent-borne coatings. In most cases, these coatings cost less than
solvent-borne coatings and require no additives, thinners, or hardeners. Waterborne
coatings such as acrylic coatings, polyester coatings, polyurethane coatings, alkyd
coatings, and epoxies are used in a wide spectrum of applications such as
architectural, marine, protective, and automotive.
Acrylic-based waterborne coatings is the fastest-growing type of resin. This is due to
increasing demand for these resins in architectural and automotive applications.
Regions such as Asia Pacific, South America, the Middle East, and Africa are
experiencing rampant urbanization. This has led to increasing infrastructural
developments in commercial, residential, and industrial sectors, in turn increasing
the demand for architectural coatings in these regions The low interest housing loans
in the Asia Pacific region, is the key factor driving growth of the waterborne coatings
market for architectural applications.
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. According to stats released by Department of Industrial
Policy and Promotion (DIPP), the automotive sector in India has attracted FDI worth
US$ 15.79 billion, during April 2000–September 2016.. This, along with rapid
economic growth in the region creates a highly conducive environment for market
growth. The growth in the sales of automobiles has increased the demand for
coatings resistant to UV radiation and extreme environmental conditions.
Waterborne coatings offer protection against bad weather and UV rays, making them
the most applicable for automobiles. Thus resulting in the growth of the waterborne
coatings market in the region.
The fluctuating prices of raw materials of different pigments, additives, and resins is
a major restraining factor for this market growth. The lack of awareness regarding
the uses and benefits of waterborne coatings, is the major challenge faced by the
market. Some of the major players operating in the global waterborne coatings
materials market are BASF SE, AkzoNobel N.V., Axalata 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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Waterborne Coatings Market report categorizes global market by resin type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2026

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