According to a new market report published by Lucintel, the future of the global waterborne coating industry looks promising with opportunities in architectural, general industrial, automotive, packaging, protective, wood, marine, coil, and others. The waterborne coating industry is expected to reach an estimated $86.6 billion by 2021 and it is forecast to grow at a CAGR of 6.0% from 2016 to 2021.The major growth drivers for this market are growth in the construction industry, and increasing renovation activities, and stringent environmental regulations leading to the use of solvent-free formulations.
In this market, architectural, general industrial, automotive, packaging, and protective are the major segments of the waterborne coatings industry. On the basis of our comprehensive research, Lucintel forecasts that the protective application segment is expected to show above average growth during the forecast period.

Within the global waterborne coatings industry, the architectural application segment is expected to remain the largest market. Economic development in Asia Pacific, particularly China and India, has presented opportunities for waterborne coatings in the construction industry, which would spur growth for this segment over the forecast period.

The acrylic based waterborne coating segment is expected to remain the largest market by resin type because of its excellent chemical properties, low cost, and availability. Therefore, its demand is increasing significantly across a number of applications.

Asia Pacific is expected to remain the largest market due to an increase in the construction activity and rapid growth in automotive production in China, India, and Japan...
http://www.lucintel.com/waterborne-coatings-industry-2016-2021.aspx