Waterborne Coatings Market Analysis & Market Developments
The report "Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil), by Region - Global Forecast to 2020", published by MarketsandMarkets™, the Global Waterborne Coatings Market size is projected to reach USD 75.29 Billion by 2020, at a CAGR of 5.05% from 2015.
Browse 89 market data Tables and 52 Figures spread through 190 Pages and in-depth TOC on “Waterborne Coatings Market”
http://www.marketsandmarkets.com/Market-Reports/waterborne-waterbased-coatings-market-205422792.html
The waterborne coatings industry is witnessing high growth because of increasing applications, government regulatory support, and increasing public awareness. Waterborne coatings are largely used in architectural applications. Rapid growth of the waterborne coatings market is driven by environmental concerns and increasingly stringent regulations.
The waterborne coatings market is estimated to be USD 58.86 billion in 2015 and is projected to reach USD 75.29 billion by 2020, at a CAGR of 5.05% between 2015 and 2020. The growth of the market is primarily triggered by a need to comply with progressively tightening of VOC regulations on a global scale. The restraints include uneven enforcement on government regulations in Asia-Pacific and RoW regions, availability of cheaper substitutes, and its sensitivity to humidity limiting its use in architectural applications.
The environment-friendly characteristic has actually been one of the most important trends in the coatings industry in from the past decade, largely influenced by tighter EU regulation regarding factors, such as the reduction of VOC emission in waterborne coatings. The demand has shifted from solventborne coatings to environment-friendly waterborne coatings. Resins are the key to innovation in waterborne coatings, which in turn influence the major trends in the waterborne coatings market.
The demand for waterborne coatings has experienced high growth over the last five years due to high growth of the building & construction industry especially in China and India. In Asia-Pacific, China dominates the waterborne coatings market, in terms of volume as well as value. Although construction spending in the country has slowed down due to the economic downturn, it is still expected that the building & construction industry will drive the waterborne coatings market.
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=205422792
Another key end-use industry for the waterborne coatings is the automotive industry. The automotive industry in China is one of the largest globally, both in terms of sales and production. This has also resulted in increased demand for various waterborne coatings in the country. In India, the growing population, improved infrastructure, increase in construction activities promoting industrial growth are eventually expected to drive the waterborne coatings Market. The growth in the waterborne coatings market globally is expected to be varied across different regions as Asia-Pacific and RoW region to grow at high rate due to increased demand from architectural and automotive applications on the other hand Europe is witnessing slow growth due to slow growth in application area of waterborne coatings market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Letter to EditorGET AHEAD
Top Research Reports to Fuel Your Industry KnowledgeEditor's Pick
Information and Communication Technology
Insurtech Funding News - Coverdash raises USD 13.5 Million
PODCASTS
Sustainable Digital Transformation & Industry 4.0
Sanjay Kaul, President-Asia Pacific & Japan, Cisco, and host Aashish Mehra, Chief Research Officer, MarketsandMarkets, in conversation on unraveling 'Sustainable Digital Transformation and Industry 4.0'
11 July 2023|S2E12|Listen Now
Generative AI
Prasad Joshi, Senior Vice President-Emerging Technology Solutions, Infosys, and host, Vinod Chikkareddy, CCO, MarketsandMarkets, in exploring the recent advances in AI and the generative AI space.
7 Nov 2023|S2E13|Listen Now
Download Whitepaper
Follow IndustryNews by MarketsandMarkets
