Enamel can be defined as a materials system which dries in air into a hard, glossy coating and can be solvent borne or water borne depending upon the formulation requirements. Water based enamels utilize water as the solvent medium. Enamel systems are typically used as a coating for external environments due to their enhanced wear resistance, glazing, corrosion protection and thermal protection with little change in dimensions. Water based enamel provide a range of benefits which include toughness, low friction, corrosion resistance, abrasion resistance, electrical resistivity and insulation, thermal protection and increased lifespan of the substrate along with certain advantages over oil or solvent based enamel like quicker drying time, low volatile organic compounds (VOC) emissions and ease of use and application. Water based enamels can be prepared using a variety of chemistries including acrylic, polyurethane and styrene butadiene among others. Globally, growing end-use industries and increasing demand for low VOC enamels due to environment concerns and stringent regulations are expected to be the key growth drivers for water based enamel market during the period of study.
Geographically, Asia-Pacific dominated the water based enamel market driven by high growth of major end use industries such as construction and furniture in the region. Asia-Pacific was followed by North America and Europe as second and third largest market for water based enamel market. Asia Pacific is projected to have the fastest growth as Asia-Pacific is witnessing a rapid rise in disposable income and purchasing power parity of the general population which in turn is expected to drive demand for consumer sales of water based enamels in developing nations such as China and India in this region.
This report identifies the water based enamel market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the water based enamel market.
This report segments the water based enamel market on the basis of end-use industry and regional market as follows:
- Water Based Enamel market research report is classified on the basis of end-use industry. Some of the major end-use industries covered in this report are as follows: Construction, Furniture, Automotive and Ancillaries, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the water based enamel market. Some of the major companies’ profiles in detail are as follows:
- PPG Industries Inc.
- The Dow Chemical Company
- Nippon Paints
- NOROO Paints & Coatings
- Sherwin-Williams and Valspar