Persistence Market Research is released new forthcoming report on title "Waterborne Coatings Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 10/16/2014 -- Waterborne coatings use water as a one of their key solvent, waterborne coating are eco-friendly coating which can be easy to applied to various application such as construction, automotive, electrical/electronics, consumer goods, industrial coatings, plastic and textile. Waterborne coatings contain polyvinyl ethers, madpolyacrylate, polyurethane resins, epoxy and alkyd resins as key constituents. Waterborne coatings offer various performance benefits such as hardness, stain resistance, corrosion resistance and flexibility.
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On the basis of the various end user application of waterborne coating the market can be broadly classified in nine broad segments namely architectural coatings, automotive coatings general industrial coatings, protective coatings, wood coatings, marine coatings packaging coatings, coil coatings, and other coatings. Architectural coating was the largest market segment. It covered more than 50% of the total market share in the year 2013 whereas the automotive and protective coating segments were the fasted growing market of waterborne coating in 2013.
Based on the chemical composition of the waterborne coatings, the global waterborne coating market can be broadly classified as acrylic coatings, polyester coatings, epoxy coatings, polyurethane coatings, Polytetrafluoroethylene (PTFE) coatings, polyvinylidene fluoride (PVDF) coating, polyvinylidene chloride (PVDC) coatings, and others.
The government regulatory and support for towards environment friendly coating materials, increasing public awareness towards environment sustainability, coupled with demand from emerging markets especially construction and automobile industry of India and China are some of the major driver of the global waterborne coating market.
Asia Pacific is the largest market of the waterborne coating closely followed by Europe and North America. Asia Pacific region is expected to grow at highest rate in coming years. The market of waterborne coating in this region is mainly fueled by the demand from the different end user industries such as building & construction, and automotive. China, India and Japan are some of the leading market of waterborne coating in Asia Pacific
Some of the leading companies operating in waterborne coatings market include, Akzo Nobel N.V., Axalta Coating Systems Llc, BASF SE, Berger Paints India Limited, Kansai Paint Company Limited, Nippon Paint Company Ltd., Ppg Industries Inc., Rpm International Inc., the Sherwin-Williams Company, The Valspar Corporation, and Tikkurila Oyj
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