Waterborne Coatings Market Growth, Trends, Size, Share, Demand And Top Growing Companies 2029
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| Waterborne Coatings |
Waterborne coatings are coatings that are applied to a surface to disperse a resin and contain around 80% water and small amounts of other solvents such as glycol ethers. These coatings are water-resistant due to their high water content. Waterborne coatings have low VOC, very low odor, and non-flammability, as well as high water content, making them environmentally friendly and simple to apply. Waterborne Coatings Market dry quickly and can be re-coated if necessary.
These coatings are typically less expensive than solvent-borne coatings and do not require any additives, thinners, or hardeners. Acrylic coatings, polyester coatings, polyurethane coatings, alkyd coatings, and epoxies are all waterborne coatings that are used in a variety of applications including architectural, marine, protective, and automotive.
In the Global Waterborne Coatings Market, Asia-Pacific is the largest and fastest-growing region. The region's market for waterborne coatings is being driven by the growing construction and automotive end-use industries, with India and China serving as key growth engines. The real estate market is expected to be worth US$ 180 billion by 2020, according to data released by the Indian Brand Equity Foundation, which is part of the Department of Commerce, Ministry of Commerce and Industry, Government of India.
According to data released by the Department of Industrial Policy and Promotion (DIPP), India's automotive sector attracted US$ 15.79 billion in foreign direct investment (FDI) from April 2000 to September 2016. The fastest-growing type of resin is acrylic-based waterborne coatings. This is because the demand for these resins in architectural and automotive applications is growing.
Urbanization is rampant in areas such as Asia Pacific, South America, the Middle East, and Africa. This has resulted in increased infrastructure development in the commercial, residential, and industrial sectors, which has resulted in increased demand for architectural coatings in these areas. The Asia Pacific region's low-interest housing loans are a major driver of the Waterborne Coatings Market for architectural applications.

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