,” the market will be driven by increasing demand for infrastructure. Both in residential, and commercial sectors.
Asia-Pacific will Dominate the Waterborne Coatings Market
Asia-Pacific will have the largest share in the waterborne coatings market during the forecast period owing to the growth of the construction and automotive industries. India and China are the main regions for waterborne coatings market. The growth of the economy also creates a conducive environment for the growth of waterborne coatings. North America and Western Europe follow suit. In South America, Brazil has become a key region for the waterborne coatings industry.
Selected Regulatory Analysis Done in the Full Report:
The architectural segment has the largest share in the waterborne coatings market in the forecast period. The application in this segment includes lacquers and varnishes which are used for decorating the doors and window frames. The construction industry is also expected to have a high growth due to the infrastructural developments in the countries of Peru, Columbia, Brazil, Chile in Latin America. Increasing demand for coil coatings in the steel and aluminium industry will drive the growth of the waterborne coatings.
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Selected Driving Factors Mentioned in the Full Report:
Growing use of decorative wall paints will drive the demand for the Waterborne Coatings Market during the forecast period.
Growing consumer preferences towards eco-friendly products will enhance the growth of water soluble coating in the forecast period.
Increase in construction activities will bolster the demand for waterborne coatings in the coming years.
Increased spending in home decoration will propel the demand for coating applications in the coming years.
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Key Players of the Waterborne Coatings Market:
The key players of the waterborne coatings market include PPG Industries, Akzonobel NV, and Axalta Coating Systems. PPG Industries has introduced the new waterborne clear coat technology for automotive refinishes. These clearcoats provide waterborne paint systems for repair centres. Akzonobel NV provides wetting agents that give small particle sizes that increase the hiding power of the pigment. Due to this feature, the producer can save the pigment load and lower the cost. Axalta Coating Systems has introduced Tufcote 2.1 HG and Tufcote Hydro LV HG waterborne acrylic products which are used for wood, metal, and plastic surfaces in schools and hospitals.
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