The Global Waterborne
Coatings Market research report interprets
definition, an investigation of significant progress in the industry. It
provides overall industry survey, product description, wide array of
applications, top players, and development forecast. It enhances understanding
about that market along with new business trends.
Market Insight:
The global Waterborne
Coatings Market size is estimated to reach USD 146.11 billion by 2022 and is
anticipated to grow substantially owing to infrastructure development in
commercial and residential sector. Demand for waterborne coatings was the highest
from the global architectural industry for various applications such as floor
finishes, wood vanishes, and facade paints.
Growing demand for
eco-friendly, non-hazardous and low Volatile Organic Compounds (VOC) are
expected to drive demand for these products. Owing to presence of stringent
regulations in the U.S. and European region for these products, VOC content is
one of the major issue for the manufacturers.
Also, owing to the
increasing disposable income in Latin-America, Middle East & Africa, and
Asia-Pacific, demand has grown for decorative paints, renovation activities,
and construction sector, projecting to drive the market over the forecast
period.
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Main features of the report:
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Waterborne Coatings Market.
·
A complete
backdrop analysis, which includes an assessment of the parent market
·
Important
changes in market dynamics
·
Market
segmentation up to the second or third level
·
To provide
country level analysis of the market for segment by application, product type
and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
·
Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Waterborne Coatings Market.
·
Emerging
niche segments and regional markets
·
An
objective assessment of the trajectory of the industry.
These coatings contain 80%
of water with solvents and glycol ether. The market is expected to upsurge
moderately owing to its remarkable Superior properties such as non-corrosive,
hardness, stain resistant, adhesion, and flexibility of these products compared
to its substitutes are an added advantage. Growing market for copiers, fax
machines, computers, and printers are also some of the major drivers for the
industrial sector.
In cold climatic condition,
adhesive properties of the coatings minimize which a major drawback where its
substitutes have an advantage. However, the industry players have been focusing
in research and development activities to find solution for these. Another
factor hampering the growth of the market is excessive foam production, which
occurs mainly in manufacturing and transportation of the coatings.
The gradual shift of the
automotive manufacturers to shift their production facilities in owing to the
availability of cheap but skilled labor towards developing economies of
Thailand, China, India, and Indonesia is anticipated to steer growth of the coatings
industry.
Application Insight:
The major application of
this market includes general industries, automotive OEM, architectural,
protective coatings, automotive refinish, and industrial (which includes metal
furniture, automotive components, and HVAC). Architectural is the largest
application segment and is expected to dominate the industry over the forecast
period. Application of coatings in this segment are lacquers and vanishes, for
decoration and protection of door and window frames.
Steel and aluminum
industries are showing interest in coil coatings, further driving the market
globally. Recently the market has been diversified for marine, wood, packaging
and general industries as well.
Regional Insights:
Europe has emerged as the
largest regional market in 2014 and is anticipated to grow moderately over the
forecast period. Increasing demand in this region is particularly for growing
demand for the automotive finishes and architectural anticipates.
Owing to rapid
constructional development in emerging countries of Asia-Pacific and The Middle
East, the market is expected to create lucrative opportunities for the industry
participants over the forecast period.
Competitive Market Share
Insights:
The global market is highly
competitive with many industrial participants in U.S., Europe, Asia-pacific and
The Middle East. Key market players are BASF, Axalta, Berger Paints India Ltd,
Akzo Nobel NV, The Sherwin-Williams Company, The Valspar Corporation, and
Nippon Paint Holdings Company Ltd.
Asian Paints Limited,
Hempel A/S, Masco Corporation, Meffert AG Farbwerke, Kansai Paint Co., Ltd.,
Diamond Vogel, Brillux GmbH & Co, DAW Caparol, Tikkurila Oyj are the other
market participants in the industry.
BASF offers the wide range
of application including household paints, coil coatings, powder coatings, road
marking coatings, architectural finishes, pigment pastes, and paints for
vehicles, machinery, & non-ferrous materials.
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