Scienza e Tecnologia
Waterborne Coatings Market worth $117.7 billion by 2026 - Exclusive Report by MarketsandMarkets™
https://www.marketsandmarkets.com/Market-Reports/waterborne-waterbased-coatings-market-205422792.html
Based on resin type, The acrylic segment is projected to be the largest resin type during the forecast period. Waterborne acrylic coatings withstand extreme weathers and oxidation better than oil-based paints and alkyds. These coatings also provide a polymer structure that has lower tendencies to absorb ultraviolet light which helps in retaining gloss and color for longer time periods.
Based on application, architectural coatings are estimated to account for the largest share of the market during the forecast period. Waterborne coatings are majorly used in the architectural application in European and North American countries due to stringent regulations in these regions in comparison to APAC and other smaller regions. Waterborne coatings are extensively used in architectural applications, as it is a low-cost material that provides water resistance, good stain protection, and good water resistance. The number of initiatives is supporting the growth of the market, globally.
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The increasing demand from key industries such as automotive, aerospace, general industrial, coil, and rail is driving the market in
Europe . Rising car ownership for personal conveyance, advancements in road infrastructure, and an improving economy and lifestyle are some of the major factors driving the automotive industry in the region. Metal is used as a major material in the manufacture of cars. Therefore, it demands high-quality coatings for protection from corrosion, degradation, and rust. The increase in building construction activity, rising demand from the industrial and oil & gas applications, and the rising motor vehicle ownership is expected to boost the demand for waterborne coatings during the forecast period.
Major players operating in the global waterborne coatings market include BASF SE ( Germany ), AkzoNobel N.V. ( Netherlands ), PPG Industries Inc. (US), RPM International Inc. (US), The Sherwin-Williams Company (US), Asian Paints Limited ( India ), Axalta Coating Systems LLC (US), Nippon Paint Holdings Co. Ltd. ( Japan ), Kansai Paint Co. Ltd. ( Japan ), Jotun Group ( Norway ).
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