Skip to main content

Water-based coatings market: implementation of stringent government regulations regarding VOC content to work in favor

The global water-based coatings market is led by key companies such as PPG industries, Akzo Nobel, and Sherwin Williams, which accounted for 55% of the market in 2015, states Transparency Market Research (TMR) in its latest study. The report further adds that mergers and acquisitions will be a key strategy for most players. So as to gain competitive edge among other players, leading players will enhance their services such as customer relationships and support services. Vendors in the market are also offering customized colors to their clients and attracting them.
As per TMR, the global opportunity in the water-based coatings market will be worth US$80.3 bn by 2024. On the basis of end use industries, the construction industry segment is leading and is anticipated to continue to retain its position for the rest of the forecast period. By geography, the market will witness high growth in Asia Pacific with China leading in the water-based coatings market. The markets for Latin America and the Middle East and Africa will also witness a staggering growth. The growth in commercial sectors such as healthcare, tourism, and hospitality in the GCC countries will fuel the growth of the market. North America and Europe are estimated to witness moderate growth.
Acrylic Coatings to Register High Demand
By resins, the acrylic coatings are registering a higher demand as compared to others. Acrylic coatings are highly used in architectural coatings and their market is estimated to be worth US$24.3 bn by 2024. “The demand for formaldehyde coatings is likely to decline on account of its high VOC content, leading to concerns for human health,” said a TMR analyst. On the other hand, the demand for polyurethane coatings will witness a healthy growth owing to their use in furniture coloring.
Demand for Eco-friendly Coatings to Boost Market for Water-based Coatings
The global water-based coatings market is driven by the advancements in infrastructure development. The market is also receiving an impetus from the strengthening of the economies, leading to a rise in the expenditure on infrastructure development. There is an increasing number of construction projects in the pipeline and this will continue to create a heightened demand for water-based coatings market. The growing awareness regarding the benefits of eco-friendly coatings will boost the adoption of water-based coatings across the globe.
On the other hand, the fluctuation in the pricing of raw materials will hamper the growth of the market. The market will also be obstructed by the susceptibility of water-based coatings to environmental conditions. However, the implementation of stringent environmental rules and regulations regarding VOC content will work in favor of water-based coatings and boost their market.
Enter your information below to receive a sample copy of this report @ https://goo.gl/ZxnRbc
The study presented here is based on a report by Transparency Market Research (TMR) titled “Waterbased Coatings Market (Resin - Acrylic (Styrene Acrylic), Formaldehyde, Polyurethane, Alkyds, Epoxy, and Fluoropolymers; End User - Building and Construction, Automotive (Automotive OEM and Automotive Refinish), Furniture, Electronics, Marine, and Aerospace, Paper and Printing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Comments

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...

Global Arcylamide Market for Applications like Waste & Wastewater Treatment, Pulp & Paper, Printing & Dyeing, Solid Crystalline - Analysis of Top Key Players and Forecast to 2022

This report comprises a comprehensive outline of the current state of the   Global Arcylamide market   and projects its growth and every other central elements across major provincial markets. It presents an immense amount of market information that has been collected with the help of countless number of prime and subordinate research techniques. The statistics of this report has been tapered down using numerous industry based analytical procedures. An in depth synopsis of key market drivers, inclinations, manacles are provided and the study analyzes the way they shake the Global Arcylamide market in an affirmative as well as an adverse way. The topographies which are enclosed in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Taking into consideration the given prediction period and specifically studying each and every data annually, a report is been enlisted to ensure the data is well anticipated by clients. Increasing u...