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Rising Demand for Automotive Industry to Aid Expansion of Global Waterborne Coatings Market

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Published on : Nov 24, 2016

ALBANY, NY, Nov 24, 2016: The research report includes a comprehensive study on the global waterborne coatings market. The report is titled “Global Waterborne Coatings Market 2016-2020” and is available for sale on the company website. Compiling exhaustive information, the report is intended to help stakeholders get a better perspective of the global waterborne coatings market and opportunities to capitalize on between 2016 and 2020. For in-depth overview, a few of the most prominent existing players are profiled and their strategies adopted are discussed at length. 

Predicting a moderate growth, the analysts expect the global waterborne coatings market to gain from stringent regulations aimed to curb adverse impacts of solvent-based coatings. Despite performance limitations, the demand for waterborne coatings is projected to surge following new product developments and innovations. Waterborne coatings have low toxicity because they contain VOC in negligible level. Hence these coatings promise minimum fire hazard, owing to which they boast diverse applications in substrate surfaces such as metal, wood, and glass. It is one of the primary factors responsible for the steady growth of the market over the last few years. 

Regionally, APAC is expected to showcase the most lucrative opportunities for the global waterborne coatings market. Increasing industrialization and expansion witnessed in the automotive industry across India and China will be the chief drivers of the market in APAC. Other countries exhibiting attractive prospects for the waterborne coatings manufacturers are Malaysia, Thailand, and Indonesia. 

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The production across the aforementioned APAC countries is facilitated by favorable regulatory policies, tax subsidies, and incentives offered by the government to lure investment and promote eco-friendly manufacturing. Furthermore, the increasing manufacturing facilities established by the automotive companies will in turn spur the demand for waterborne coatings. 

Based on products, the market can be currently segmented into water-based alkyd coatings, emulsion-latex coatings, and water-soluble paints. Of these, the water soluble paints dominated the global market in 2015. Because water soluble coatings are extensively used automotive parts their demand was comparatively higher than other product segments. Water soluble coatings are used in inner body parts of automobiles to prevent them from rusting. 

Due to the presence of several companies, the vendor landscape of the global waterborne coatings market is highly competitive and fragmented. Large-scale players such as Akzo Nobel, RPM International, BASF, Axalta Coating Systems, PPG Industries, and Sherwin-Williams currently hold dominance in the market. The vast geographical presence of these companies and huge production units located across the most lucrative regions enabled the aforementioned companies to emerge dominant in the market. 

Besides this, the report also includes profiles of some of the prominent market participants such as Nippon Paint, Jotun, Sika, Kansai Paint, and Valspar.

To order report Call USA – Canada Toll Free: 866-997-4948 or send an email on [email protected]