openPR Logo
Press release

Waterborne Coatings Market Growth Is Attributed To The Increased Application Of Acrylic Waterborne Coating

Waterborne Coatings Market Growth Is Attributed To

According to Precision Business Insights (PBI), latest report water-borne coatings market was valued at USD 100.3 billion in 2022, growing at a 5.7% CAGR during the forecast period 2023 to 2029. The increased demand for ultra-low VOC, low-odor epoxy resin-based coatings in the transportation industry and DIY flooring applications is expected to drive the global waterborne coatings market. Opportunities are rising from the growth of bio-based products and rising government support as a result of VOC emissions in the market. For instance, in November 2021, The U.S. Environmental Protection Agency (EPA) proposed to amend the National Volatile Organic Compound (VOC) Emission Standards for Aerosol Coatings, which establishes reactivity-based emission standards for the aerosol coatings category (aerosol spray paints) under the Clean Air Act (CAA) leading to further developments in the water-borne coatings market. Moreover, emerging economies are making large investments in long-term initiatives and infrastructure development. As a result of major investments made by top corporations to take advantage of the prospects in these economies have led to a surge in the demand of the market. Furthermore, the rising construction activities on account of rapid industrialization and urbanization across the globe are anticipated to drive product demand over the projected period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/waterborne-coatings-market

The waterborne coating market is segmented based on resin type, end-user industry, and geography.
Based on the Resin type, the market is segmented into the following:
• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• PTFE
• PVDF
• PVDC
• Others

Based on the Application, the market is segmented into the following:
• Building and Construction
• Automotive
• Industrial
• Wood
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Acrylic Waterborne Coating is Dominating the Waterborne Coating Market
The increased use of this sector in radiation curing and electrodeposition is expected to drive the market. This type of resin is intended to safeguard the environment and is frequently used in coatings, bridges, ships, and trains. It is predicted that demand for acrylic resin-based coating will increase significantly in the next years. The acrylic resin market is highly sought-after and used extensively because of its qualities like hardness, resistance to abrasion, harsh weather resistance, and chemical resistance. Due to their low VOC emissions and good performance attributes, aqueous acrylic coatings are frequently utilized in the automotive industry, where they are becoming more and more popular as a replacement for conventional solvent-based coatings. According to a survey by the National Institute of Standards and Technology (NIST), demand for waterborne acrylic coatings increased for 45% of coatings manufacturers in the US in 2020, and 60% of coatings manufacturers intend to increase their production of waterborne coatings in the future.

Asia Pacific Leads the Waterborne Coating Market
The water-borne coatings market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for a significant share of the water-borne coatings market. The market is expected to grow at a significant CAGR over the forecast years owing to China, Japan, South Korea, and India having well-developed architectural settings. Increased demand for residential, commercial, and industrial infrastructure, as well as rehabilitation and repainting of residential and commercial structures, were the results of Asia Pacific's rapid urbanization, rising disposable income, and expanding GDP. North America region is also anticipated to grow in the forecasting period owing to rising investment by businesses to introduce an improved waterborne coating. In addition, people in North America are becoming more and more aware of how environmentally friendly aqueous coatings are.

Request Sample: https://www.precisionbusinessinsights.com/request-sample/?product_id=325094

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The water-borne coatings market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2023, Asian Paint's Board of Directors approved an investment of Rs 2,000 crore (approximately) for a new waterborne paint manufacturing plant with a capacity of 400,000 kiloliters per annum in Madhya Pradesh. In October 2022, Sherwin-Williams Company acquired Industria Chimica Adriatica S.p.A, an Italian designer, manufacturer, and distributor of industrial wood coatings used for kitchen cabinets, furniture, and décor, building products, flooring, and other specialty applications

Key player's profiles in the water-borne coatings market are AkzoNobel NV, BASF SE, Asian Paints Limited, Arkema Group, Axalta Coating Systems LLC, Berger Paints India Ltd., Dow, Hempel, Jotun, Masco Corporation, Shawcor, Kansai Paint Co., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corp., and Tikkurila Oyj.

Contact:
Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Waterborne Coatings Market Growth Is Attributed To The Increased Application Of Acrylic Waterborne Coating here

News-ID: 3154763 • Views:

More Releases from Precision Business Insights

Biochar Market Growth Is Attributed To The Increased Production Of Biochar Through Pyrolysis Technology
Biochar Market Growth Is Attributed To The Increased Production Of Biochar Throu …
According to Precision Business Insights (PBI), the latest report biochar market was valued at USD 243.8 million in 2022, growing at a 12.6% CAGR during the forecast period 2023 to 2029. The rising demand for organic and eco-friendly products drives the biochar market. Utilizing biochar corresponds with organic farming methods, improving market prospects. Furthermore, biochar is a potential material for water treatment and remediation because of its capacity to absorb
Vapor Recovery Units Market Growth Is Attributed To The Increased Adoption Of Membrane Separation Technology
Vapor Recovery Units Market Growth Is Attributed To The Increased Adoption Of Me …
According to Precision Business Insights (PBI), latest report vapor recovery units market was valued at USD 923.7 million in 2022 and is poised to grow at a CAGR of 4.2% during the forecast period 2023 to 2029. The adoption of stringent environmental regulations by governments and international bodies to reduce air pollution and greenhouse gas emissions in various countries drives the demand for the vapor recovery unit's market. Furthermore, the
Pyrite Market Growth Is Attributed To The Increased Demand In Jewelry Industry
Pyrite Market Growth Is Attributed To The Increased Demand In Jewelry Industry
According to Precision Business Insights (PBI), latest report pyrite market is growing at 4.9% CAGR during the forecast period 2023 to 2029. The increased application of pyrite in the manufacturing of sulfuric acid drives the pyrite market. The increase of prices of gold has led to increased demand for imitation jewelry which is anticipated to propel the pyrite market growth. Furthermore, the demand for sulphuric acid in a variety of
Industrial Boilers Market Growth Is Attributed To The Increased Use In Power Generation
Industrial Boilers Market Growth Is Attributed To The Increased Use In Power Gen …
According to Precision Business Insights (PBI), the latest report industrial boilers market size was valued at USD 15,261.8 million in 2022 and is poised to grow at a 3.1% CAGR during the forecast period 2023 to 2029. The adoption of stringent environmental regulations to maintain emission standards and carbon reduction in several countries drives the industrial boilers market. Furthermore, the advancement in boiler technology, such as better combustion systems, greater

All 5 Releases


More Releases for Coating

Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip …
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Paint & Coating Market: PPG Industries, BASF, Axalta Coating Systems
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Paint & Coating Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This industry study presents the global Automotive Paint & Coating market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Paint & Coating production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Paint & Coating in
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Refinish Market Report 2018: Segmentation by Product (Waterbased Coat …
Global Automotive Refinish market research report provides company profile for Nipsea Group, Valspar Paint, KCC, Henkel, Nipponpaintholding, NOROO, Akzonobel, PPG Industries, Sherwin Williams, Basf Coatings and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.