Sellbyville, Delaware, Nov. 21, 2017 (GLOBE NEWSWIRE) --
Waterborne Coatings Market share should cross USD 95 billion by 2024; according to a new research report by Global Market Insights, Inc. Shifting trends towards environment friendly products to reduce harmful effects on surroundings should favor waterborne coatings market size. These coatings are categorized as eco-friendly products containing, low VOC & HAP content which pose potentially less risk to human as well as living environment thereby promoting product demand.
Architectural applications may witness gains at above 5.5% during forecast timeframe. Increase in living standards has led to rise in renovation, interior decoration and remodeling activities in both residential and commercial construction which should drive waterborne coatings market size. Government initiatives and financial assistance in restoration activities and public infrastructure development mainly in India and China should contribute towards industry growth.
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Strict amendments by EU Commission and EPA pertaining to VOC content in coating and ensure safety supported by adoption of green technologies and bio based materials for architectural applications may positively impact waterborne coatings demand.
Waterborne coatings demand from automotive refinish applications may exceed to USD 1.5 billion at end of forecast timeframe. Growing demand from automotive repairs to enhance aesthetic appeal and recover damages including scratches & fading body paint caused by extreme climatic effects and accident should propel product demand.
Increasing application outlook in automotive industry owing to compliance with low emission standards set forth by automotive emission control agencies mainly in the U.S. and Europe should propel product demand. These products also provide additional benefits which include protection from harsh weather, UV rays, discoloration and acid rain, thereby promoting waterborne coatings demand.
U.S. waterborne coatings demand may surpass USD 15.5 billion by end of 2024. Positive indicators towards increase in infrastructure spending along with growth of automobile sector should drive regional growth. Stringent norms by EPA & OSHA to minimize VOC content to limit toxicity levels should promote product demand.
Browse key industry insights spread across 440 pages with 567 market data tables & 26 figures & charts from the report, “Aerospace Maintenance Chemicals Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/waterborne-coatings-market
Polyvinylidene chloride & fluoride, polyester, polyurethane and polytetrafluoroethylene are some of the raw materials used for production. Raw material cost concerns may widen demand supply gap which may impact on waterborne coatings market price trend.
Polyester waterborne coatings market size will surpass USD 1 billion during forecast timeframe due to its excellent film forming properties and pigment dispensability, along with its self-emulsifying type waterborne resin should boost product demand. Recent product developments including waterborne UV coatings synthesized by bio based polyester resins should drive industry growth.
These products finds application in furniture, plastic, wood paints and printing inks industry. Polyurethane, polyacrylate and polyvinyl ethers are used as binders while epoxy and alkyd resins are used to formulate product applications. Recent technology advancements including latent crosslinking, core-shell technology & 1K technology enhancing its ease to clean properties and developing green chemistry based resins should stimulate product demand.
France waterborne coatings market size may surpass USD 6.5 billion in sales by 2024. Presence of major manufacturing companies investing in technological innovations to develop new products with additional properties may favor regional growth.
Global waterborne coatings industry share is fragmented with industry players including PPG Industries, AkzoNobel, Valspar, Kansai Paints, Sherwin Williams, Axalta and BASF. Key industry participants strategize to expand is production capacity, adopt new production technology and expand its distribution network to other regions.
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Browse Related Reports:
- Pretreatment Coatings Market Forecast, 2016 – 2024
Pretreatment Coatings Market size was over USD 9 billion in 2015 and expects gains at over 5.5%. Positive outlook towards construction spending along with increase in automobile sales should drive coating pretreatment market size. It is an essential precursor stage for powder coatings and offers superior finish along with increasing coat shelf life to the metal surface. Metals on which powder coatings are applied include steel, aluminum, copper, galvanized steel, and zinc alloys.
https://www.gminsights.com/industry-analysis/pretreatment-coatings-market
- Anti-Corrosion Coatings Market Forecast, 2016 – 2025
Anti-Corrosion Coatings Market size was more than USD 12 billion in 2015 and is projected to expand at 5% CAGR over the forecast timeframe. Global anti-corrosion coatings market size is majorly driven by increasing energy demand. These are widely used in energy industry including oil, gas, coal, nuclear, hydro, biomass, and other renewable energy sources, as they provide protection to the equipment used in the industry from extreme weather conditions.
https://www.gminsights.com/industry-analysis/anti-corrosion-coatings-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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