Global Waterborne Coatings Market 2021 Analysis May Set New Growth Story, Forecast to 2027
The global waterborne coatings market is estimated to grow at a significant CAGR during the forecast period. The growth in architectural and industrial applications particularly in residential and general industries is propelling the global waterborne coatings market. Waterborne coatings are employed in a various range of applications owing to their chemical characteristics and unique aesthetic properties. The requirements for acrylic waterborne coatings is high in the automotive, medical, automotive, general industrial and construction industries. The use of acrylic resin in coatings is continuously increasing in emerging economies, like China and India, due to the improving standard of living and growing demand for high-quality paints.
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Apart from having decorative features,
architectural waterborne coatings also own protective features. For instance,
exterior architectural paints & coatings save a building from extremes of
rain, sunlight, and wind. These coatings are also used in decorative interiors
like furniture, wood flooring, wall paintings, and sculptures. A rise in
environmental awareness among consumers and manufacturers has led to
technological development in the coating industry to provide affordable quality
products, of high quality, possess value-added features, and meet global
demand.
The increasing demand for waterborne coatings from
the organization, such as automotive, general industrial, marine, new
construction, and remodel & repaint, is expected to propel the growth of
the waterborne coating market in the region. Lenient environmental regulations
regarding emission levels and lower taxes for manufacturers and growing income
levels have resulted in the rise of the global waterborne coatings market.
Market Coverage
·
The market number available for – 2020-2027
·
Base year- 2020
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Forecast period- 2021-2027
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Segment Covered-
·
By Type
·
By Application
·
Competitive Landscape: BASF SE (Germany), AkzoNobel
N.V. (Netherlands), PPG Industries Inc. (US), RPM International Inc. (US), The
Sherwin-Williams Company (US).
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Global Waterborne Coatings Market by Segment
By Type:
• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• PTFE
• PVDF
• PVDC
• Others (amino acids,
acrylic-epoxy, urethane-acrylic)
By Application:
• Architectural
• Residential
·
New Construction
·
Remodel & Repaint
• Non-Residential
• Industrial
• Automotive
• General Industrial
• Protective
• Wood
• Marine
• Packaging
• Coil
• Others (aerospace and
rail)
Global Waterborne Coatings Market by Region:
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
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report.
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