Kerry Pianoforte, Editor06.05.17
Industrial coatings encompass a large and varied market. Typically industrial coatings are used to coat high-value assets that need to withstand harsh environmental conditions. Industrial coatings are used in onshore oil and gas, commercial architecture and industrial maintenance applications.
Historically, solvent-based coatings have maintained the largest share of protective and specialty coatings. However, according to a new study from the Freedonia Group, Protective & Specialty Coatings Market in the U.S., solvent-based coatings are projected to be surpassed by water-based coatings by 2020 as regulatory concerns continue to impact the protective and specialty market. Solvents will continue to lose share to other formulations, with trends favoring the use of water-based, high-solids and other coatings, which have lower or no VOC emissions.
According to the study, demand for water-based coatings in the protective and specialty segment is predicted to expand at an annual rate of 2.5 percent to 85 million gallons in 2020, supplanting solventborne coatings as the market leader. Water-based coatings are also gaining a foot
Historically, solvent-based coatings have maintained the largest share of protective and specialty coatings. However, according to a new study from the Freedonia Group, Protective & Specialty Coatings Market in the U.S., solvent-based coatings are projected to be surpassed by water-based coatings by 2020 as regulatory concerns continue to impact the protective and specialty market. Solvents will continue to lose share to other formulations, with trends favoring the use of water-based, high-solids and other coatings, which have lower or no VOC emissions.
According to the study, demand for water-based coatings in the protective and specialty segment is predicted to expand at an annual rate of 2.5 percent to 85 million gallons in 2020, supplanting solventborne coatings as the market leader. Water-based coatings are also gaining a foot
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