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Waterborne Coatings Market worth $140.7 billion 2030 - Exclusive Report by MarketsandMarkets™
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Based on resin type, The acrylic segment is projected to be the largest resin type during the forecast period. Waterborne coatings based on acrylic resin have good chemical and photochemical resistance, better stain protection, resistance to cracking and better blistering. The waterborne coatings based on the acrylic resin are used in floor coating, architectural coatings for interiors, metal furniture coatings, and architectural coatings for the exterior.
Based on application, the architectural segment is estimated to account for the largest share of the market during the forecast period. The growth of the infrastructure sector and the development of the building and construction industry in the Asia Pacific region are expected to boost the waterborne coatings market in the region. China and India are likely to generate a positive impact on the market in the architectural industry.
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Asia Pacific is the fastest-growing market for waterborne coatings mainly due to the high economic growth, and heavy investment in industries such as automotive, marine, building & construction, and manufacturing. Nippon Paint holdings Co., ltd. ( Japan ), Asian Paints limited ( India ), and other leading global players are adopting various strategies to increase their market share in the region's waterborne coatings market.
Some of the key players in the global waterborne coatings market PPG Industries Inc. (US), Sherwin-Williams Company (US) and others.
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