Sarasota, FL -- (SBWIRE) -- 10/24/2016 -- Various coating processes that use water as solvent—that is, the quantity of the water will be maximum as compared to other additives—are known as waterborne coatings. It is environment-friendly as well as easy to apply. They acquire certain physical properties such as adhesion, hardness, stain resistance, flexibility, and corrosion resistance. Waterborne coatings appear to be more glossy and humidity resistive. Thus for a smooth coating process, a specific spraying equipped is designed to meet the quality touch to the surface.

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Depending on the variety of resins used, the global waterborne coatings market is segmented as acrylic, alkyd, polyurethane, polyester, epoxy, and fluoropolymer. Of which polyurethane coatings segment is witnessing the fastest growth in the global waterborne coatings market. Based on the end-user, the global market is further segmented as automotive sector, industrial, architectural, wood, packaging, marine, and others.

The reduction of volatile organic compounds (VOC) and the demand for environment-friendly technologies are the major drivers for new developments in waterborne coatings which in turn positively impacts the global market. Increasing application in various end-use segments such as metal packaging, computers, copiers, printers, and fax machines may significantly increase the growth rate of waterborne coatings market in future. Moreover, excellent resistance to heat and abrasion, excellent adhesion, low toxicity, reduced air emissions, reduced human health risks are some of the vital factors augmenting the growth of the waterborne coatings market.

Furthermore, increased demand in the construction and automotive industries are the key elements boosting the market growth. Considering the trend of developing more ecological products and to fulfill the demands of industrial segment, different chemistries and their combination in waterborne coatings systems are carried out; this results in advanced innovation which may boost the market growth. However, increasing use of better alternatives in coating industry such as powder coating may hinder the growth of the global waterborne coatings market.

Globally, Asia Pacific is the leading waterborne coatings market followed by North America and Europe. Drastic growth in automobile sector in Asia Pacific, specifically in India, China, and Japan, has boosted the growth of the waterborne coatings market. In addition, owing to rising demand for furniture in Europe, it is anticipated to make considerable growth in the market.

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Some of the major companies dominating the global waterborne coatings market are Dow Chemicals, PPG Industries, Akzo Nobel, Valspar, RPM, Axalta Coatings Systems, and Kansai Paints. Other key players influencing the global market are Sherwin-Williams, RPM International, Tikkurila Oyj, and Nippon Paints.

Waterborne Coatings Market: Regional Segment Analysis

North America
U.S.
Europe
UK
Frances
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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