Waterborne Coatings Market worth USD 75.29 USD by 2020
According to the new market research report “Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil), by Region – Global Forecast to 2020” , report is commercially available at Markets and Markets. It analyses the global waterborne coatings market with respect to the market drivers, restraints, opportunities, and challenges in different regions
The global Waterborne Coatings Market size is projected to reach USD 75.29 Billion by 2020, at a CAGR of 5.05 % from 2015.
Some of the Key Players in the waterborne coatings market are:
• Akzonobel N.V. (Netherlands)
• Axalta Coating Systems (U.S.)
• BASF (Germany)
• Berger Paints India Limited (India)
• Kansai Paint Company Limited (Japan)
• Nippon Paint Company Limited (Japan)
• PPG Industries Inc. (U.S.)
• RPM International Inc. (U.S.)
• The Sherwin Williams Company (U.S.)
• The Valspar Corporation (U.S.)
• Tikkurila Oyj (Finland)
Asia-Pacific is the largest market for waterborne coatings
Asia-Pacific is the largest market for waterborne coatings, both in terms of volume and value, followed by North America and Western Europe. Countries such as the U.S., China, and Germany are the major markets of waterborne coatings. Due to increasing demand on the domestic front, increasing income levels, and easy access to resources, Asia-Pacific has emerged as the leading market of waterborne coatings. South America, especially Brazil, has also emerged as a key market for waterborne coatings manufacturers.
Increasing demand from architectural applications is driving the waterborne coatings market.
The demand from architectural application is driven by growing urbanization in Asia-Pacific and RoW, which resulted into increased demand for residential, commercial, and industrial infrastructure. Low interest rates on housing loans are also responsible for increase in the demand for new houses, eventually driving the architectural coatings segment. This segment is estimated to grow rapidly as compared to other application segments.
Waterborne acrylic coatings growing at the highest rate
Acrylic-based waterborne coatings is the fastest-growing market among all resin types. The demand for waterborne acrylic coatings is expected to be highest in Southeast Asia due to increasing demand for acrylic resins in the automotive and construction sectors. As the region is witnessing high growth in the construction industry, there is high demand for acrylic-based waterborne coatings.
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
• Product Matrix which gives a detailed comparison of product portfolio of each company
• Further breakdown of the rest of Asia-Pacific waterborne coatings market into Australia, New Zealand, and others
Further breakdown of the RoW waterborne coatings market into Latin America, Middle East and Africa
TextileFuture readers receive a 20 % discount on the report by indicating TextileFuture code CH202.