Global Waterborne Coatings Market is expected to reach USD 146.11 billion by 2022, according to a new study by Grand View Research, Inc. Increasing construction and remodelling activities in emerging economies of Asia Pacific and Middle East is expected to drive waterborne coatings market growth over the next seven years. Waterborne coatings are widely used in interior & exterior paints, doors, trims and facades in architectural industry. Stringent government regulations in order to reduce volatile organic compounds (VOC) emissions associated with solvent based coatings are projected to propel market growth. Increasing automobile production in countries such as India, China, Thailand, Indonesia and Mexico has also prompted the demand for waterborne coatings.
Acrylic resins were the most dominant resin in waterborne coatings and accounted for over 80% of total market volume in 2014. They find wide application scope in end-use industries such as infrastructure and automotive refinishes owing to exterior durability coupled with low production cost. Polyurethane (PU) is expected to emerge as fastest growing resin at an estimated CAGR of 7.5% from 2015 to 2022. Superior PU properties over other resins are expected to drive its demand over the forecast period.
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Further key findings from the study suggest:
View all Related Report from same Category by Grand View Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
For the purpose of this study, Grand View Research has segmented the waterborne coatings market on the basis of resin, application and region:
Global Waterborne Coatings Resin Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
Global Waterborne Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
Global Waterborne Coatings Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 – 2022)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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