A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Water-borne
Coatings
Market. The
study, titled “Water-borne
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Water-borne Coatings Market: Outline
Coatings
that make use of water as a solvent are generally called water-borne
coatings. Usage of water as the solvent makes these coatings more
environmentally friendly as opposed to other coating systems such as
solvent-borne coatings or power coatings that contain volatile
organic compounds (VOCs), which are harmful to the environment.
Water-borne coatings are employed in end-user applications such as
wood coatings, furniture coatings, plastic coatings, and printing
inks. Polyacrylate, polyvinyl ethers, or polyurethane resins are
generally used as binders in water-borne coatings. Additionally,
epoxy and alkyd resins can be formulated for water-borne coating
applications. Few of the recent technology advancements in
water-borne coatings include core-shell technology, latent
crosslinking, 1K technologies that perform similar to 2K, resins with
easy-to-clean properties, and resins based on green chemistries.
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Market Research Report @
Global
Water-borne Coatings Market: Segments
Currently,
water-borne coatings account for more than 50% share of the global
coatings market. Asia Pacific (APAC) accounts for the largest market
share of around 30% of the global water-borne coatings market by
volume. Major application industries include industrial and
architectural industries. Industrial applications include general
industrial (which includes aluminum extrusions, metal furniture,
automotive components, appliances, and HVAC), automotive OEM, metal
packaging, protective coatings, and automotive refinishes. Out of
these, general industrial applications accounts for the largest
market share.
Global
Water-borne Coatings Market: Drivers and Restraints
Continuous
enforcement of regulations regarding emission of VOCs from coatings
has been driving growth of the market for water-borne coatings. These
regulations aim to limit the VOC content in paints. This, in turn,
limits VOC emissions into the atmosphere. Water-borne paints are a
class of coatings with VOC content that is way below the permissible
levels, thus gaining increased importance of late. The new generation
of water-borne architectural coatings that are under development are
environmentally neutral and emit low VOC, provide harder coatings,
and demonstrates more efficient weather resistance as compared to
traditional latex paints. Over and above their low VOC content, the
water-borne coatings currently employed in the market have advantages
such as greater durability and the ability to dry faster than alkyds
with much lower odor.
Limitations
of water-borne coatings include weakness in adhesion over marginally
prepared surfaces and difficulty in application at low temperatures.
Water-borne coatings generally do not have strong adhesive properties
when applied over grimy, chalky, and peeling surfaces as compared to
traditional alkyds. The limitation of weakness in adhesion over
marginally prepared surfaces demands thorough surface preparation.
This requires increased working time and associated increase in
costs. Water-borne coatings encounter difficulties in establishing
their presence in regions with cold climatic conditions due to poor
adhesive property at low temperature.
Global
Water-borne Coatings Market: Major Companies Covered under the Report
Key
players in the global water-borne coatings market include Akzo Nobel
NV, Asian Paints Limited, Nippon Mektron, Ltd., PPG Industries, The
Sherwin-Williams Company, and The Valspar Corporation. Other
prominent vendors in the market are Axalta Coating Systems, LLC,
Benjamin Moore & Co., Berger Paints India Limited, Brillux GmbH &
Co. KG, DAW Caparol, Diamond Vogel, Dunn–Edwards Corporation,
Jotun, Kansai Paint Co., Ltd., Cromology, Meffert AG Farbwerke, and
Tikkurila Oyj.
Get
accurate market forecast and analysis on the Water-borne Coatings
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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of quantitative forecasting and trends analysis provides
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and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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