Global Water-Soluble Paints Market 2015-2019 with Akzo Nobel, Asian Paints, Nippon, PPG Industries, Sherwin Williams & Valspar Dominating

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Jun 23, 2015, 07:36 ET

DUBLIN, June 22, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/b7dd65/global) has announced the addition of the "Global Water-Soluble Paints Market 2015-2019" report to their offering.

The Global Water Soluble Paints market to grow at a CAGR of 3.34% over the period 2014-2019.

Water soluble paints are coatings in which water is used as a dispersal agent for the resin, thereby making them environment-friendly and easy to use. Water constitutes around 80 percent of the volume of the paint, with traces of other solvents such as glycol ethers. Because of their low VOC content, these coatings are gaining popularity in the US and Western Europe.

Advances in technology concerning the production of water-soluble paints are expected to contribute to the growth of the market. Dow Chemicals has invented a new technology in the market called AVANSE MV-100. The AVANSE MV-100 resin has high-performance acrylic binders that are used to coat metal surfaces.

According to the report, government regulations concerning the development of infrastructure are expected to increase the usage of water-soluble paints globally. The Clean Air Act of 1990 in the US makes it compulsory to reduce the VOC and HAP content levels in paints and coatings.

Further, the report states that manufacturing water-soluble paints with virtually zero VOC hinders market growth.

The Global Water Soluble Paints market can be segmented into: