Sellbyville, DE -- (SBWire) -- 05/23/2019 --Global Market Insights recently introduced new report on global Waterborne Coatings market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Waterborne Coatings industry considering all the major industry trends, market dynamics and competitive scenario.
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 waterborne coatings market growth. Shifting preferences of architectural profession towards waterborne coatings in compliance with green building standards may favor industry growth.
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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.
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.
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 market growth.
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.
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Polyurethane, PTFE, polyester, polyvinylidene fluoride and chloride are major raw materials used in commercial manufacturing. Volatile raw material cost owing to growing applications in polymer, packaging and automotive industries may hamper industry profitability and widen demand supply gap thereby affecting waterborne coatings market price trends.
Waterborne coatings from industrial application may witness gains at over 3.5% by 2024. These coating has wide applications in steel and building structures owing to stringent industry norms pertaining to emissions from VOC content which is likely to boost product demand.
Epoxy coatings market is poised to surpass USD 7.5 billion over the forecast timeframe. It is widely used in transportation, industrial maintenance and floor coatings. Key properties include water & chemical resistance, toughness, durability and high performance thereby promoting product demand.
The Waterborne Coatings market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Waterborne Coatings market based on product, technology, end user and region.
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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.
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Waterborne Coatings Market Insights & in-Depth Analysis over 2019–2024, Key Players: AkzoNobel, PPG Industries, BASF