Global Waterborne Industrial Coatings Market 2015-2019
About Waterborne Industrial Coatings
Water is used as a dispersal agent for the resin of waterborne coatings, thereby making these coatings environmentally friendly and easy to use. Water constitutes around 80% of the volume of paints, with traces of other solvents such as glycol ethers. Because of their VOC content, these coatings are gaining popularity for various applications, especially in the US and Western Europe. Waterborne industrial coatings are used on steel, aluminum, wood, and plastic to protect them from external factors such as fire, moisture, and corrosion. They are also used for aesthetic purposes. These coatings are used in a wide range of industries including automotive, construction, and electronics.
Technavio's analysts forecast the global waterborne industrial coatings market to grow at a CAGR of 5.29% over the period 2014-2019.
Covered in this Report
By resin type, the global waterborne industrial coatings market can be segmented into four: epoxy, polyester, polyurethane, and acrylic and others.
Technavio's report, Global Waterborne Industrial Coatings Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC, EMEA, and Americas; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Waterborne Industrial Coatings Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Waterborne Industrial Coatings Market: Axalta Coatings System, AkzoNobel, BASF, Beckers, PPG Industries, Sherwin-Williams and Valspar
Other Prominent Vendors in the market are: Aegis Industries, Asian Paints, Brillux, Burke Waterborne Industrial Coatings, Carpoly Chemical Group, Castagra Products, Chugoku Marine Paints, Diamond Vogel, Hempel, Henkel, Jamestown Coating Technologies, Jotun, Kansai Paint, KATS Coatings, Masco, Nippon Paints, Premium Coatings and Chemicals, RPM International, Sika, Superior Industrial Coating, Tikkurila, Weilburger Coatings, Yip's Chemical Holdings and Zuelch Waterborne Industrial Coatings
Commenting on the report, an analyst from Technavio’s team said: “Demand for waterborne industrial coatings from emerging economies such as India, China, Brazil, and the Commonwealth of Independent States is on the rise. Rapid economic development in these countries, especially those in APAC, is expected to contribute to market growth. This has led to higher spending on the development of infrastructure such as roads, buildings, and water and wastewater networks. There has also been a boom in the construction of commercial and industrial facilities in these countries. Demand for waterborne industrial coatings has, therefore, been brought about by the growing need for asset protection.”
According to the report, the growing number of infrastructure projects in developing countries has led to high demand for industrial coatings in these regions. In 2013 in Asia, waterborne industrial coatings were used in new infrastructure development projects; maintenance and repair of existing infrastructure accounted for the remaining consumption. Developed regions such as North America and Europe consume a large share of waterborne industrial coatings primarily for maintenance and repair. Economic development in India, China, and Brazil has also resulted in the growth of the countries' electronics and transportation industries, which are major end-users of industrial coatings.
Further, the report states that one of the major challenges faced by manufacturers is the difficulty in the production of coatings with virtually zero VOC.
Axalta Coatings System, AkzoNobel, BASF, Beckers, PPG Industries, Sherwin-Williams, Valspar, Aegis Industries, Asian Paints, Brillux, Burke Waterborne Industrial Coatings, Carpoly Chemical Group, Castagra Products, Chugoku Marine Paints, Diamond Vogel, Hempel, Henkel, Jamestown Coating Technologies, Jotun, Kansai Paint, KATS Coatings, Masco, Nippon Paints, Premium Coatings and Chemicals, RPM International, Sika, Superior Industrial Coating, Tikkurila, Weilburger Coatings, Yip's Chemical Holdings, Zuelch Waterborne Industrial Coatings