Global Waterborne Coatings Market: Demand from Industrial and Automotive Industry to Fuel Growth

ALBANY, USA, 2018-Mar-19 — /EPR Network/ —A new research report titled “Waterborne Coatings Market – Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 – 2026” has recently been added to the vast database of Market Research Reports Search Engine (MRRSE). According to the report, the global waterborne coatings market is likely to grow at a CAGR of 3.9% during the assessment period 2017-2026.

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The report offers detailed analysis on the growth of the waterborne coatings market. According to the report, the demand for waterborne coatings is witnessing an increase on account of growing applications in residential and commercial settings. Surging demand on account of increasing application of waterborne coatings in paints and heavy-duty applications is likely to promote the growth of the market.

To provide 360 degree view of the global waterborne coatings market, the report has segmented the market into application, product type, material type and region. On the basis of application, the global market has been sub-segmented into automotive refinish, metal packaging, general industrial, protective coatings, automotive OEM and others. The product type segment is further categorized into finishes, primer and top coats. By material type segment, the market is divided into acrylic, polyurethane, polyester, epoxy and others. Geographically, the global market is divided into key regions which are North America, Europe, Latin America, Japan, Middle East and Africa and Asia Pacific Excluding Japan.

According to the report, general industrial is likely to remain one of the leading segments on the basis of revenues. The report projects this segment to grow at a CAGR of 4.3% during the assessment period. In addition to demand from general industrial segment, adoption in the automotive refinish industry is also likely to create growth opportunities for manufacturers. The report projects demand for waterborne coatings from the automotive OEM segment to reach 1.2 million tons by the end of 2026.

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By region, Asia Pacific is likely to emerge as one of the leading markets for waterborne coatings during the assessment period. The demand for waterborne coatings in Asia Pacific is likely to remain significant in China and India – two of the fastest growing economies globally. The demand from Asia Pacific’s automotive industry is likely to push market growth in the region.

The report also includes a detailed competitive analysis that highlights the product and business strategies of some of the leading players in the market. Some of the key companies profiled in the report are PPG Industries., Dow Chemical Company, Sherwin Williams, Valspar Corporation, Nippon Paint Holdings Co Ltd, Hempel A/S, BASF, AkzoNobel, RPM International, Axalta, Kansai Paint Co. Ltd. and Jotun A/S.

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