Articles

Water-Borne Coatings Market Research, Industry Trends, Supply, Sales, Demands and Opportunities

by Deepak Kumar Sr. SEO Executive

P&S Intelligence

The global water-borne coatings market is expected to witness robust growth during the forecast period (2017-2023) owing to the growing environmental concerns and increasing awareness among consumers. By resin, acrylic resin segment is projected to witness significant growth due to low production cost, thereby finding application in automotive and infrastructure sectors.

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Water-borne coatings have water as liquefying agent or solvent to disperse all the elements for coating such as resin. Polyacrylate, polyvinyl ethers, or polyurethane resins are incorporated as binders in water-borne coatings.  Such coatings are used for enclosed areas and do not cause any harmful emissions.

In recent years, the water-borne coatings market has witnessed new product developments and innovations such as the emergence of eco-friendly coatings. These eco-friendly coatings are temperature and heat resistant and are suitable for end-use industries such as architecture, marine, wood, and automotive.

The major challenge faced by the water-borne coatings market is the inability of these coatings to adhere on grimy, chalky and peeling surfaces, thereby demands thorough surface preparation. Surface preparation would require increase in cost and time.

Water-Borne Coatings

Additionally, uneven enforcement of existing government environmental regulations, availability of cheaper substitutes, which reduces the performance of water-borne coatings, are restraining the growth of the water-borne coatings market.

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Key players in the global water-borne coatings market include Akzo Nobel N.V., Asian Paints Ltd., Nippon Mektron, Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems, Benjamin Moore & Co., Berger Paints India Limited, and BASF SE.

Market Segmentation

By resin

  • Acrylic
  • Polyester
  • ALKYD
  • EPOXY
  • Polyurethane
  • PTFE
  • PVDF
  • PVDC
  • Others

By application

  • Architectural
  • Automotive
  • General industrial
  • Protective
  • Wood
  • Marine
  • Packaging
  • Coil
  • Others

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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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About Deepak Kumar Advanced   Sr. SEO Executive

123 connections, 0 recommendations, 345 honor points.
Joined APSense since, May 30th, 2017, From New York, United States.

Created on Nov 13th 2018 15:10. Viewed 78 times.

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