A detailed overview of Waterborne Coatings market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Waterborne Coatings market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.
Architectural applications may witness gains at above 5.5% during forecast timeframe. Increase in living standards has led to rise in renovation, interior decoration and remodeling activities in both residential and commercial construction which should drive waterborne coatings market. Government initiatives and financial assistance in restoration activities and public infrastructure development mainly in India and China should contribute towards industry growth.
Strict amendments by EU Commission and EPA pertaining to VOC content in coating and ensure safety supported by adoption of green technologies and bio based materials for architectural applications may positively impact waterborne coatings demand.
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Shifting trends towards environment friendly products to reduce harmful effects on surroundings should favor waterborne coatings market. These coatings are categorized as eco-friendly products containing, low VOC & HAP content which pose potentially less risk to human as well as living environment thereby promoting product demand. Global waterborne coatings market should exceed USD 95 billion by 2024, according to this new research report.
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Increasing application outlook in automotive industry owing to compliance with low emission standards set forth by automotive emission control agencies mainly in the U.S. and Europe should propel product demand. These products also provide additional benefits which include protection from harsh weather, UV rays, discoloration and acid rain, thereby promoting waterborne coatings demand.
U.S. waterborne coatings demand may surpass USD 15.5 billion by end of 2024. Positive indicators towards increase in infrastructure spending along with growth of automobile sector should drive regional growth. Stringent norms by EPA & OSHA to minimize VOC content to limit toxicity levels should promote product demand.
Waterborne coatings demand from automotive refinish applications may exceed to USD 1.5 billion at end of forecast timeframe. Growing demand from automotive repairs to enhance aesthetic appeal and recover damages including scratches & fading body paint caused by extreme climatic effects and accident should propel product demand.
Polyvinylidene chloride & fluoride, polyester, polyurethane and polytetrafluoroethylene are some of the raw materials used for production. Raw material cost concerns may widen demand supply gap which may impact on waterborne coatings market price trend.
Polyester waterborne coatings market will surpass USD 1 billion during forecast timeframe due to its excellent film forming properties and pigment dispensability, along with its self-emulsifying type waterborne resin should boost product demand. Recent product developments including waterborne UV coatings synthed by bio based polyester resins should drive industry growth.
Major Highlights from Table of contents are listed below for quick lookup into Waterborne Coatings Market report
Chapter 1. Methodology and Scope
- Definitions & forecast parameters
- Methodology and forecast parameters
Chapter 2. Executive Summary
- Business trends of Waterborne Coatings Market
Chapter 3. Waterborne Coatings Industry Insights
- Waterborne Coatings Market Industry segmentation
- Analysis of Manufacturers in the Waterborne Coatings industry
- Distribution channel analysis
- Waterborne Coatings Market Technology & innovation landscape
- Waterborne Coatings Market Growth drivers
- Industry pitfalls & challenges
Chapter 4. Company Profiles
- Business Overview of Waterborne Coatings Market Companies
- Strategic Outlook and Decisive Analysis of companies in Waterborne Coatings Market
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