Waterborne Coatings Market to Surge at 11.48% CAGR, which is anticipated to reach USD 23.08 billion by 2030

Waterborne Coatings Market –Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030 is anticipated to reach USD 23.08 billion by 2030. According to this report, the increase in automobile production is expected to increase the use of water-based coatings in the regional market, while the increase in construction activities will drive the demand for these coatings in emerging markets. This affects the growth of the product and gives it high corrosion resistance and aesthetics. The demand for water-based protective coatings in the automotive industry is also growing because they can protect vehicles from acid rain, inclement weather, and ultraviolet radiation and are anticipated to propel the Waterborne Coatings Market during the forecast period.

The market report on Waterborne Coatings Market includes in-depth insights as:

• The estimated value of the market was USD 7.79 billion in the year 2020.
• Waterborne Coatings in Asia Pacific held the largest market share in the year 2020.
• Based on, Resin Type, Acrylic, emerged as a key segment in the Waterborne Coatings market.
• Based on Application, Architectural emerged as a key segment in the Waterborne Coatings market.
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“Low housing loan interest rates are driving the demand for new houses, which in turn stimulates the building exterior wall segment, especially in the Asia-Pacific region, which is believed to be due to the increase in the Asia-Pacific region and MEA Demand for infrastructure in the residential, non-residential and commercial sectors. In addition, the advancement of urbanization is increasing the demand for residential, commercial and industrial infrastructure, which in turn increases the demand for water-based coatings from end users in the construction industry”, according to this report

Water-based paints are based on the emulsification of binders, pigments, and additives with water. One-component emulsion paints are used to form films through solvent evaporation. As a rule, copolymers of acrylic, vinyl, and styrene compounds are used as binders, glaze. Water-based coatings are primarily used as a cosmetic finish over other types of coatings and are not suitable for diving operations. These coatings are typically applied at 50-100 µm DFT. Two-component emulsion coatings, which form films through solvent evaporation and continuous chemical reactions, are used to cure the coating. Water-based paints are ideal primers as they have good heat and abrasion resistance. They offer excellent adhesion and low toxicity and flammability due to low VOC values. and HAP emissions. Water-based coatings also help reduce air emissions.

The Waterborne Coatings Market is segmented By Resin Type into Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC. The Acrylic segment seized the largest share of the Waterborne Coatings Market due to its unique chemical and aesthetic properties are common and is expected to continue its dominance during the forecast period. The automotive, medical, automotive, general industry and construction industries have great demand for Acrylic coatings. Due to the improvement of living standards and the increase in demand for high-quality paints, acrylic resins are growing steadily in emerging countries such as China and India, and acrylic-modified polyurethane coatings are widely used in automotive refinishes.

Key Players in the Market

• Some of the key players operating in the Waterborne Coatings Market are Berger Paints, BASF SE, Akzo Nobel N.V, Nippon Paints, Axalta Coating Systems, RPM International, PPG Industries, Asian Paints, The Valspar Corporation, Sherwin Williams,

Get Valuable Insights into Waterborne Coatings Market.

In the new report, CRI Report thrives to present an unbiased analysis of the Waterborne Coatings Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Waterborne Coatings Market is segmented By Resin Type into Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC; By Application into Architectural and Industry. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.