Latest industry research report on Waterborne coatings are eco-friendly that use water as a solvent and can be applied easily, and are applicable in appliances, automotive, architectural, marine, packaging, wood, general industrial, and others. They offer properties such as flexibility, adhesion, stain resistance, hardness, and corrosion resistance.
The major factors driving the market growth include increasing adoption of waterborne coatings over solvent-borne coatings and rapid economic growth in emerging countries. The major factor that is expected to drive the automotive and architectural demand is increasing consumer spending and population, especially in Asia-Pacific region, which supplements the market for waterborne coatings.
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Less amount of waterborne coating is required to cover the same surface area as compared to solvent-borne coatings. Factors likely to boost the demand for waterborne coatings include stringent environmental regulations along with increasing adoption for low VOC, eco-friendly, and non-hazardous coatings from the end-user industry. However, availability of cheaper substitutes limits the growth.
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