Waterborne Coatings Market research report by 2017 to 2024

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Waterborne Coatings Market Analysis Research and
Trends Report for 2017- 2024
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Global Market Scenario of Waterborne Coating
Industry

• Waterborne Coatings Market has been gaining mass
  popularity in recent times, pertaining to the
  increasing product deployment in several painting
  applications, driven by their easy usage and
  quick curing process.
• Having recognized the potential advantages of
  these coatings, the renowned biggies in
  waterborne coatings industry are investing
  heavily to bring about substantial enhancements
  in their product portfolio. For instance, the
  joint venture between Huayi Chemical Ltd and BASF
  has made an investment of USD 164 million to
  establish a new automotive coatings facility in
  China, focusing on the growing automotive sector
  across Asia Pacific region.
• In fact, BASF reported that Asia Pacific region
  is individually responsible for more than 52
  global production of automobiles, owing to which
  BASF and Huayi Chemicals are jointly planning to
  manufacture primers, thinners, waterborne and
  solvent-borne coatings, which will favorably
  augment the regional waterborne coatings industry
  share over the years ahead.

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• The growing environmental concerns about the
  hazardous impact of volatile organic compounds on
  the environment can also be credited for the
  ongoing waterborne coatings market trends, given
  that these coatings help reduce VOC content.
• In this regard, leading chemical manufacturers
  are developing innovative technologies to comply
  with regulatory norms for curbing VOC content in
  the environment. For instance, Dow has recently
  developed a new Acrylic-Binder Technology,
  AVANSE, which emits lesser VOC and can be used
  for various industrial applications such as
  protective coatings, masonry, and metal
  finishing.
• This initiative, it is believed, will encourage
  the key participants in waterborne coatings
  industry to innovate new effective and effective
  technologies, thereby propelling the business
  expansion.

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360 Industry Analysis

• Recently, the Environmental Protection Agency
  (EPA) has mandated the use of waterborne coatings
  for several industrial sectors instead of
  solvent-based coatings, as it does not contain
  any hazardous compound. Pertaining to the low
  levels of flammability and toxicity, many
  environmentally responsive waterborne coatings
  industry players have been bringing about
  substantial changes in their product portfolios.
• For instance, in October 2017, one of the leading
  providers of innovative and sustainable coatings
  solutions, Axalta has considerably expanded its
  range in waterborne acrylic products. With the
  formulation of new coatings, the key players in
  waterborne coatings market are looking forward to
  fulfilling the surging requirement of numerous
  end-use domains. Undeniably, the increasing usage
  of acrylic coatings for several metal finishing
  and construction purposes, owing to its
  toughness, crack resisting, color retention, and
  long-lasting capability, is slated to influence
  on waterborne coatings market outlook positively.

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• Given the ongoing trends of environmental safety,
  many researchers are working continuously to use
  organic and eco-friendly raw materials from
  natural resources to manufacture waterborne
  coatings.
• For instance, recently, waterborne coatings
  market witnessed the launch of a green, scalable,
  and renewable dihydroxy acid from sunflower oil
  that can be used in the production of waterborne
  polyurethanes, which would extensively be used
  for coatings.
• The growing investment in RD activities to
  evaluate organic and eco-friendly raw materials
  is thus slated to generate lucrative
  opportunities for giants in waterborne coatings
  industry over the years ahead. Global Market
  Insights, Inc., estimates that waterborne
  coatings market will amass revenue of more than
  USD 95 billion by the end of 2024.

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