Waterbased Coatings Market: Description
The waterbased coatings also provide ease of overcoating’s. The global market is estimated and forecasted in terms of revenue (USD million) generated by the waterbased coatings market.
Waterbased coatings, also identified as dispersion coatings have become a leading technology in the industry, as they are ecologically friendly, odorless and tasteless.
These coatings dry physically by means of the absorption into the substrate and evaporation of water, which is attained through hot air and infrared.
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Moreover, they also offer numerous advantages such as reduction of solvent emissions into the atmosphere, short processing times, outstanding elasticity and resistance of the coating film to temperature shifts & atmospheric agents.
Waterbased Coatings Market: Market Analysis
The overall market is also being propelled by growth in the application areas of waterbased coatings such as, architectural & decorative, marine, wood, packaging & transportation etc. Moreover, growth prospects in highly regulated regions would further provide significant growth opportunities to this market. However, the global waterbased coatings market is hampered by uneven enforcement and availability of cost-effective substitutes of waterbased coatings.
The global waterbased coatings market is witnessing sustainable growth owing to increasing demand for building & construction and growth in automotive production in Asia-Pacific & Europe.
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Waterbased Coatings Market: Major Top Key Players
For instance, in June 2017, Hempel A/S opened a new research and development facility for passive fire protection (PFP) coatings near Barcelona, Spain.
The leading market players of the global waterbased coatings market include AkzoNobel, Arkema SA, Asian Paints Limited, Axalta Coating Systems, BASF SE, Benjamin Moore & Co, DowDuPont, Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, RPM International Inc., Shawcor, Sika, The Sherwin-Williams Company and Tikkurila.
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