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Waterborne Coatings Market to garner extensive remuneration from automotive application

Author : Rahul Varpe | Published Date : 2019-04-02 

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.

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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Waterborne Coating Market may surpass USD 95 billion by 2024; according to a new research report. 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.

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.

Waterborne Coatings market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:

Waterborne Coatings Market, By Application

  • Architectural
  • Automotive OEM
  • General Industrial
  • Protective Coatings
  • Industrial Wood
  • Metal Packaging
  • Automotive Refinish
  • Coil
  • Marine
  • Others

Waterborne Coatings Market, By Product

  • Acrylic
  • Epoxy
  • Polyester
  • Alkyd
  • Polyurethane
  • PVDF
  • PVDC
  • PTFE
  • Others

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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.

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.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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