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Waterborne Coatings Market by Resin, by Application, by Region - Global Forecast to 2020

Waterborne Coatings Market: Global Forecast until 2020

  • February 2016
  • 145 pages
  • ID: 3670110
In this report:
AkzoNobel has strengthened its manufacturing facility in India by opening a new decorative paints plant worth USD ##.## million (Euro ## million) in Gwalior, Madhya Pradesh, India, which has a production capacity of ## million liters.
Demand of epoxy resins for coatings has been growing rapidly in China and is expected to continue to grow by ##%-##%, annually, during 2015.

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"Growth drivers for the waterborne coatings market"

The waterborne coatings market is forecasted to grow from ~$58.9B in 2015 to ~$75.3B by 2020, at a compound annual growth rate (CAGR) of ~5.1 percent from 2015 to 2020. The waterborne coatings sector is attesting important rise as a result of increase in its applications areas, government regulatory support, and increasing demand in the Asia Pacific (APAC) area. Waterborne coatings are largely used in waterborne coating applications. Quick increase of the waterborne coatings market is influenced by environmental concerns and increasingly stringent regulations.

"High increase industries for waterborne coatings"

Acrylic-based waterborne coatings account for the maximum share among all types of resins. Acrylic-based waterborne coatings are a viable choice of coatings for different end-use sectors including architectural, automotive and protective applications. They resist extreme weathers and have better oxidation than oil-based paints, alkyds-based coatings, and epoxies-based coatings. Acrylic coatings also provide a polymer structure that has fewer tendencies to absorb ultraviolet light, which helps it in retaining gloss and color for long time.

"Asia-Pacific the biggest market for waterborne coatings"

Asia-Pac (APAC) has been a bright spot in the overall waterborne coatings market in the backdrop of the global slowdown in overall economic development. The increasing demand from architectural, automotive, and protective coatings sectors is driving the waterborne coatings market in in APAC. Concerns for environmental, health, and safety issues are driving the industry demand for waterborne coatings in the above-mentioned applications. Presently, waterborne coatings are replacing solventborne coatings in many specialty applications. In view of this, waterborne coatings are being anticipated to account for a main market share in the global paints and coatings industry. The expansion of overall trade through sea routes has rised the number of bulk carriers, container ships, and general cargo ships manufactured. This in turn is widening the scope of the water-based marine coatings market in Asia-Pac. South Korea (KR), Japan (JP), and China (CN) are chief shipbuilding countries and will remain the top investment choice for coatings manufacturers.

This analysis has been approved through primaries managed with different market experts globally. Those primary sources have been split into three class: by company category; by description; and by area.

- By Company Type: Tier 1 - 45.0 percent, Tier 2 - 35.0 percent, and 1/3 3 - 20.0 percent

- By Designation: C Level - 35.0 percent, Director Level - 25.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 35.0 percent, Western Europe - 30.0 percent, Asia-Pacific - 25.0 percent, and RoW- 10.0 percent

Why acquiring this study can help you

- A comprehensive coverage and review of the waterborne coatings market in Western Europe, North America continent, Asia Pacific (APAC), and RoW

- Competitive landscape of the main actors and their developments in the waterborne coatings market

- Identify alternatives with high-potential for waterborne coatings

- Identify and target high-growth application segments

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