Future Market Insights has announced the addition of the “Water-Borne Inks and Paints Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020 " report to their offering Upcoming
Valley Cottage, NY -- (SBWIRE) -- 12/11/2018 -- Solvent-borne paints occupy a major share in the global market, however, with international rules and regulations playing their own cards, the market is set to shift its paradigm towards water-borne paints. The paint industry is growing at a modest rate after the recent economic recession of the 21st century. Solvent-based paints, used primarily for different types of coatings,captures a very large market volume of paints. However, high cost of solvent-based paints along with stringentregulations imposed by government agencies across the globe are pushing the paint and coatings industryto shift their technology to water-borne paints.
Increasing use of aliphatic hydrocarbons, ketones and aromatic hydrocarbons as solventsisthe major cause of environmental and health concerns. Water-borne solvents areconsidered the best alternative source for paint industries. With almost nil environmental effect, it is seen to streamline the business operations of the paint and coatings industry in the near future.
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It is expected that the markets operating in the paint and coatings domain will see a moderate CAGR in between 2014 and 2020. The key driving factor behind this vertical surge can be attributed to the fact that end-user applications such as industrial, architecture, wood coatings, packaging, coil coatings, marine protective coatings and aerospace coatings aregrowing at an exponential rate. Of all these, architecture is the focused area for paint industries. It will determine the growth trajectory of the water-borne paint industry by 2020.
China and India are potential markets for the water-borne paint industry in the Asia-Pacific region. By 2050, it is expected that population in the Asia-Pacific region will increase by 64%. Urbanization will be driven by infrastructure investment to meet the people's aspirations which in turn will scale the market size of the paint industry in this region. The Indian government is framing new policies to boost infrastructure across various cities. It has allocated US $ 1.2 billion for the same. It opens a new gate for paint companies for gaining high revenues. It is because of end-user applications in infrastructure that the Indian paint companiesexpect in between 10 to 15% growth in business volume by 2015. Another largemarket in Asia-Pacific is China. With GDP of China projected to grow over 8%, Chinese government is heavily focused on urbanization.The country has planned to invest US $ 6.8 trillion to develop new cities in its current five years plan. Other potential markets for the water-borne paint industry are Vietnam, Malaysia, Philippines, Taiwan and Japan.
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