• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    2023 CEO Forum

    The 2023 Automotive Coatings Market

    Color Trends in the Paint and Coatings Industry

    2023 European Coatings Show EXHIBITOR SHOWCASE

    Industry is Looking Forward to the 2023 European Coatings Show
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy

    HMG and Prodrive Renew Technical Partnership

    Eastern Coatings Show Sets Schedule for Technical Papers

    Sherwin-Williams Wins Three AMPP Awards

    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Sherwin-Williams Wins Three AMPP Awards

    Norwegian Cruise Line Goes Biocide-Free with Nippon Paint Marine's AQUATERRAS

    Stahl Completes Acquisition of ICP Industrial Solutions Group

    The 2023 Automotive Coatings Market

    Color Trends in the Paint and Coatings Industry
    Additives
    Binders
    Pigments
    Solvents

    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022

    Orion Debottlenecks Plant in Germany for High-Jetness Carbon Blacks

    Evonik Obtains Certification for VISIOMER Terra Biobased Methacrylates

    BASF Invests in Expansion of Polymer Dispersions Plant in Daya Bay, China

    Evonik Invests in Interface Polymers
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Active Minerals

    Clariant Additives

    EPS

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim

    Middle East Coatings Show
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Active Minerals

    Clariant Additives

    EPS

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Market Research

    GVR Releases Waterborne Coatings Market Forecast

    ...

    GVR Releases Waterborne Coatings Market Forecast
    01.24.19
    The global waterborne coatings market size was estimated at 20,546.1 kilotons in 2014. Shifting consumer preferences and increased spending on residential and commercial infrastructure is expected to drive market growth over the forecast period. The waterborne coating market is expected to grow at a significant CAGR owing to the rising demand of the product in architectural applications such as interior wall paints, facade paints, floor finishes, windows, and wood.


    The increasing usage of decorative wall paints is expected to be an important driver for the industry. A rise in new infrastructure developments and renovation activities especially in the Asia Pacific and the Middle East, coupled with the rising expenditure power of the consumers has steered product demand in the construction sector over the past few years.

    Water-based formulations have gained a significant space and recognition globally particularly on account of low environmental impact and improved economics. Water-based formulations enjoy the lion’s share accounting for over 50 percent of the total coatings volume consumed globally.

    Waterborne formulations accounted for over 75 percent of total architectural coatings and are expected to increase significantly over the next seven years owing to stringent regulations regarding volatile organic compound (VOC) emissions in solvent-borne products. Increasing construction spending owing to escalating disposable income levels in the emerging economies of Asia Pacific and the Middle East are expected to be key factors for the market growth over the next seven years.

    Growing production of the automotive products in emerging economies such as Thailand, China, India, and Indonesia in the Asia Pacific is also estimated to enhance the market growth from 2015 to 2024. Stringent rules and regulations by the European Union (EU) and the U.S. concerning the use of various ingredients while manufacturing these products act as a major restraint to the market growth.

    Shifting consumer preferences towards eco-friendly and non-hazardous products have positively impacted the waterborne coatings industry growth. After the undercoat is applied, during the drying process the release of VOCs affects the environment. As the waterborne varnishes have a minimum lead residual and VOC, they have witnessed significant demand across various industrial sectors over the past few years.
    Waterborne coatings are safer when compared to their counterparts as latter pose risks to the users who come in direct contact with the paints. Prolonged or higher exposure to the solvent-borne paints can cause a headache, irritation, allergies, and asthmatic reactions. The increased awareness about all health issues related to other coatings has also driven the growth of the waterborne coatings market.

    Growing consumer preference for the waterborne coatings is attributed to glycol ethers and solvents with 80 percent water. Glycol ethers are preferred because of their properties like stain resistance, flexibility, hardness, corrosion resistance, toxicity and adhesion has enabled a rise in the demand of the industry.

    Increase in the scope of the application of the electronics, marine, oil, wood, and metal packaging in the end use industries is expected to increase the product demand over the next couple of years. The surge in the demand for fax machines, copiers, printing machines, and laptops is also expected to be one of the primary reasons for industry growth.
    The formation of foam during the manufacturing process, transportation and handling can act as a restraint to the waterborne coating market growth as foam residual is harmful to the environment. 
     
    The flow and viscosity are expected to act as a restraint in the growth of the waterborne coatings market as they are problematic and challenging in waterborne baked finishes and ambient cure. These issues can have a profound effect on appearance during and after the coatings application.

    The growth and profits of the waterborne coatings market can be hampered by associated viscosity and flow problems in comparison to the solvent based coatings. New technology for production can be developed by spending on the R&D and using agents which will inhibit foaming, can solve the flow issues thus, providing an attractive opportunity for the players of the industry.

    The acrylic resin-based formulations accounted for over 80 percent of the waterborne coatings market share. The product category finds varied application in architectural and automotive refinishing applications on account of its exceptional exterior robustness along with the low cost of production. Waterborne coating formulations based on polyurethane resins was extensively used in the high-quality finishes in indoor and outdoor applications and is anticipated to show higher growth rates over the next couple of years.

    The end-use industries such as the automotive and coal industries have increased the demand for PU based waterborne coatings which are expected to surge the market growth. Resin types such as polyvinyl chloride and epoxies are observed for their features of chemical and water resistance and adhesiveness. These type of resins find their applications in industrial finishes, electrical-insulation, office machine exteriors, and automobile interiors.

    The acrylic resin-based formulations accounted for over 80% of the waterborne coatings market share. The product category finds varied application in architectural and automotive refinishing applications on account of its exceptional exterior robustness along with the low cost of production. Waterborne coating formulations based on polyurethane (PU) resins was extensively used in the high-quality finishes in indoor and outdoor applications and is anticipated to show higher growth rates over the next couple of years.

    The end-use industries such as the automotive and coal industries have increased the demand for PU based waterborne coatings which are expected to surge the market growth. Resin types such as polyvinyl chloride and epoxies are observed for their features of chemical and water resistance and adhesiveness. These type of resins find their applications in industrial finishes, electrical-insulation, office machine exteriors, and automobile interiors.

    The waterborne coatings are used in metal packing, automotive OEM, architectural, protective coatings, and industrial wood. The architectural sector was the largest application segment in 2014 while accounting for over 85% share in the market and is expected to continue its growth in the coming years. The application in the architecture included lacquers and varnishes which are used to decorate and protect the external and interior frames and doors, window frames etc.

    High growth in the construction industry is expected to have a positive impact owing to infrastructure development in economies such as Brazil, Chile, Peru, Columbia, and Mexico in the Latin America and China, India, Thailand, and Vietnam in Asia Pacific. Increasing architectural and automotive refinishes demand in Europe is anticipated to steer product demand over the long term. The rise in coil coatings demand in steel and aluminum industry is expected to further steer the waterborne coatings demand over the long term.
     
    Europe waterborne coatings market dominated the global industry and is expected to witness moderate growth over the forecast period. Asia Pacific emerged as the second major regional market and is predicted to grow at a high CAGR in the next few years. Increasing construction spending, particularly in China, India, and Indonesia, is expected to drive regional demand. Asia Pacific is expected to witness an increase in market share and account for significant share of the total demand by 2022.

    Increasing public awareness and government’s ban on the VOC content has also increased the product demand in major economies, as VOC creates toxic fumes, which contributes to the ozone layer depletion and poses fatal health risks.
    The Middle East and African region are projected to witness above average growth rates in the civil constructions and infrastructure sector over the next decade. Shifting emphasis of several national governments in the GCC from hydrocarbon-based economy to other attractive industries such as medical & healthcare, education, and tourism is anticipated to spur infrastructure development projects in the region. This trend is likely estimated to steer the greener coating technologies over the forecast period.
    Related Searches
    • coatings
    • polyurethane
    • voc
    • protective coatings
    Suggested For You
    GMI: Global Powder Coatings Market to Hit $16.5 Billion by 2024 GMI: Global Powder Coatings Market to Hit $16.5 Billion by 2024
    PTFE Market Size to Increase at CAGR of 5.2% from 2018-2025: GVR PTFE Market Size to Increase at CAGR of 5.2% from 2018-2025: GVR
    Outlook for 2019 European Coatings Market Outlook for 2019 European Coatings Market
    Product Environmental Footprint Aims to  Simplify Labeling of Environmental  Performance of Products Product Environmental Footprint Aims to Simplify Labeling of Environmental Performance of Products
    Nanoparticles Under Regulatory Scrutiny Nanoparticles Under Regulatory Scrutiny
    Axalta Releases Third Quarter 2018 Results Axalta Releases Third Quarter 2018 Results
    PPG Appoints Vincent Robin as President, Asia Pacific, VP, Automotive OEM Coatings, Asia Pacific PPG Appoints Vincent Robin as President, Asia Pacific, VP, Automotive OEM Coatings, Asia Pacific
    Nouryon Introduces DCHP-free Peroxide Formulation for Composite Applications Nouryon Introduces DCHP-free Peroxide Formulation for Composite Applications
    Coherent Market Insights: Global Hexamethyl Methoxy Melamine Market Outlook 2018-2016 Coherent Market Insights: Global Hexamethyl Methoxy Melamine Market Outlook 2018-2016
    Polaris Market Research: Automotive Coating Market Set to Exceed $35.82 Billion by 2026 Polaris Market Research: Automotive Coating Market Set to Exceed $35.82 Billion by 2026
    GMI: Industrial Liquid Coatings Market Size worth More Than $70 Billion by 2025 GMI: Industrial Liquid Coatings Market Size worth More Than $70 Billion by 2025
    PX - Analyst Trims PT as Merger with Linde Faces Regulatory Concerns in EU PX - Analyst Trims PT as Merger with Linde Faces Regulatory Concerns in EU
    First Half of 2018 Proves Challenging for  European Coatings Companies First Half of 2018 Proves Challenging for European Coatings Companies
    Anti-Skinning Agents Market: Global Industry Insights, Trends, Outlook, Opportunity Analysis Anti-Skinning Agents Market: Global Industry Insights, Trends, Outlook, Opportunity Analysis
    EU Coatings Industry Prepares for Brexit EU Coatings Industry Prepares for Brexit

    Related Market Research

    • Market Reports  | Powder Coatings
      GMI: Global Powder Coatings Market to Hit $16.5 Billion by 2024

      GMI: Global Powder Coatings Market to Hit $16.5 Billion by 2024

      Projected CAGR of six percent between 2018-2024.
      01.25.19

    • Market Reports
      PTFE Market Size to Increase at CAGR of 5.2% from 2018-2025: GVR

      PTFE Market Size to Increase at CAGR of 5.2% from 2018-2025: GVR

      The global Polytetrafluoroethylene market size was valued at USD$2.87 billion in 2017.
      01.08.19

    • Outlook for 2019 European Coatings Market

      The one bright spot is that after a time of increasing costs, raw material prices should decline offering opportunities for improved margins.
      Sean Milmo, European Correspondent 01.07.19


    • Product Environmental Footprint Aims to Simplify Labeling of Environmental Performance of Products

      ...
      Sean Milmo, European Correspondent 12.03.18

    • Nanoparticles Under Regulatory Scrutiny

      ...
      Sean Milmo, European Correspondent 11.05.18

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Wins Three AMPP Awards
    • BASF Wyandotte Opens Registration For TECH Academy
    • BEHR Paint X Zillow Release Color Palette That May Help Homeowners See More Dollar Signs
    • BASF Invests In Expansion Of Polymer Dispersions Plant In Daya Bay, China
    • Clark+Kensington 2021 Color Trends Inspired By Nature
    Breaking News
    • HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy
    • HMG and Prodrive Renew Technical Partnership
    • Eastern Coatings Show Sets Schedule for Technical Papers
    • Sherwin-Williams Wins Three AMPP Awards
    • OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    View Breaking News >
    CURRENT ISSUE

    March 2023

    • 2023 CEO Forum
    • The 2023 Automotive Coatings Market
    • Color Trends in the Paint and Coatings Industry
    • 2023 European Coatings Show EXHIBITOR SHOWCASE
    • Industry is Looking Forward to the 2023 European Coatings Show
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    NPA: ‘Major Victory’ in Colorado After Amendment to Eating Disorder Bill
    GOOD Meat Receives FDA Go-Ahead for Cultured Meat
    IFF Achieves Industrial-Scale Production of Anaerobic Probiotic Strain
    Coatings World

    Latest Breaking News From Coatings World

    HOFFMANN MINERAL to Focus on Comprehensive Sustainability Strategy
    HMG and Prodrive Renew Technical Partnership
    Eastern Coatings Show Sets Schedule for Technical Papers
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—March 25
    Getinge iCast Receives FDA Premarket Approval
    Tessy Plastics Corp. Celebrates 50th Anniversary
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Willow, Suanfarma Complete Manufacturing Process for Cannabigerol
    Berkshire Sterile to Install nearly 1,500 solar panels at Massachusetts site
    Harm Reduction Therapeutics, Catalent Ink Naloxone Commercial Supply Pact
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Interpack 2023 Introduces New Special Areas and Activities
    eSalon Expands into Over 1,900 CVS Stores Nationwide
    The RealReal Discontinues Beauty Business
    Happi

    Latest Breaking News From Happi

    ‘Glossier You’ Returns to Glossier’s Fragrance Portfolio
    Mielle Expands Pomegranate & Honey Collection with Debut of Air Dry Stylers
    Metallic Pigments Market Forecasted to Reach $3.4 Billion by 2033
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Packaging Inks, Toyo Ink Top This Week’s Stories
    Eastern Coatings Show Announces Schedule for Technical Papers
    Pulse Roll Label Products Adds Sean Labas to Technical Sales Team
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Imageworx details new facility, Avery Dennison tackles recycling and more
    TLMI announces 2022 Eugene Singer Award winners
    Pulse Roll Label Products expands technical sales team
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Heartland Polymers Begins Production, Zeta Polimeri Becomes Radici EcoMaterials & More
    Heartland Polymers Begins Production in Alberta
    Zeta Polimeri Becomes Radici EcoMaterials
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—March 25
    AI is Effective at Documenting Orthopedic Encounters in Hand Surgery
    3D LifePrints Rebrands to Insight Surgery & Launches New Business in Houston
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Dave Rahami, Zebra, Dracula Technologies Top This Week’s Stories
    Midsummer, UCLA Collaborate on Perovskite-CIGS Tandem Solar Cells
    HID Reports on Reshaping the Security Industry

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login