Research and Markets Releases Global Waterborne Industrial Coatings Market 2015-2019

Research and Markets has announced the addition of the “Global Waterborne Industrial Coatings Market 2015-2019” report to its offering.

Demand for waterborne industrial coatings from emerging economies such as India, China, Brazil, and the Commonwealth of Independent States is on the rise. Rapid economic development in these countries, especially those in APAC, is expected to contribute to market growth. This has led to higher spending on the development of infrastructure such as roads, buildings, and water and wastewater networks. There has also been a boom in the construction of commercial and industrial facilities in these countries. Demand for waterborne industrial coatings has, therefore, been brought about by the growing need for asset protection.

According to the report, the global waterborne industrial coatings market to grow at a CAGR of 5.29% over the period 2014-2019. The growing number of infrastructure projects in developing countries has led to high demand for industrial coatings in these regions. In 2013 in Asia, waterborne industrial coatings were used in new infrastructure development projects; maintenance and repair of existing infrastructure accounted for the remaining consumption. Developed regions such as North America and Europe consume a large share of waterborne industrial coatings primarily for maintenance and repair. Economic development in India, China, and Brazil has also resulted in the growth of the countries’ electronics and transportation industries, which are major end-users of industrial coatings.

One of the major challenges faced by manufacturers is the difficulty in the production of coatings with virtually zero VOC.