Research and Markets - Global Waterborne Coatings Market Growth at CAGR of 4.8%, 2016-2020 Key Vendors are Akzo Nobel, Axalta Coating Systems, BASF, PPG Industries, RPM International & Sherwin-Williams
The global waterborne coatings market to grow at a CAGR of 4.80% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global waterborne coatings market for 2016-2020. To calculate the market size, the analyst considers the revenue generated through sales of waterborne coating products for applications in the architecture, general, automotive, wood, coil, marine, and other industries. The report also includes a discussion of the key vendors operating in this market.
The incorporation of materials such as nanoparticles in waterborne coatings is a relatively new concept in the market. The use of nanocoatings in different end-use industries, such as automotive, construction, and energy, helps minimize material use, reduce wastage, and optimize energy consumption while improving the product performance. Nanocoatings consist of a water-soluble base, which helps in imparting stability to products such as automotive parts and wood furniture.
According to the report, Despite the performance limitations of waterborne coatings, they are gaining demand in the market owing to these stringent regulations. New product developments and innovations are enabling the emergence of eco-friendly coatings, which are temperature and heat resistant and suitable for end-use industries, such as architecture, marine, wood, and automotive. Thus, the low demand for solvent-free coatings is propelling market growth for waterborne coatings through new coating chemistries and product innovations.
Further, the report states that the global waterborne coatings market is experiencing the introduction of new coating processes that enhance coating efficiency, and thus, reduce the consumption volume of coatings. Growing adoption of specially-designed spray guns with features, such as high-volume-low-pressure and low-pressure-low-volume for waterborne coating applications has led to a decrease in the volume of coatings consumed.