Global Waterborne Coating Market Trends, Applications, Analysis, Growth, And Forecast: 2018 To 2027

Waterborne coating is surface treatment that uses water as a solvent to separate the resin that is used to make coating or paint. Waterborne coating is prepared through an eco-friendly process. Usually Polyacrylate, polyvinyl ether, or polyurethane resin are the major binders for waterborne coatings. Other resins such as Epoxy and alkyd resins can be formulated for various waterborne coating application.

Increasing demand for waterborne coating from automotive sector is a major factor driving growth of the global waterborne coating market. In addition, wide applicability of waterborne coating in various sectors such as metal coating, agriculture coating, packaging coating, etc., is another factor expected to boost growth of the global waterborne coating market. Moreover, increasing use of waterborne acrylic resin in construction sector is also expected to support growth of the global waterborne coating market.

Waterborne coating is more sensitive to temperature and humidity, which is expected to hamper growth of the global waterborne coating market. However, shifting preference towards use of environmental friendly products that are less harmful on surroundings is expected to spur growth of the target market over the forecast period.

The market in Asia Pacific is expected to account for major market share in terms of consumption, due to booming industrial, agricultural and construction industries in emerging economies. In addition, rising demand from automotive sector for waterborne coating is expected to contribute to growth of the market in this region. Countries such as US, Canada, Germany are expected to contribute major share in global waterborne coating market. This can be attributed to increasing demand from the packaging sector, architectural sector, easy availability of resources, and shifting preference towards use of environmental friendly products in these countries.

Global Waterborne Coating Segmentation:

By Product:

• Acrylic
• Polyurethane (PU)
• Alkyd
• Epoxy
• Polyester
• Polytetrafluoroethylene (PTFE)
• Others (polyvinylidene chloride (PVDC), polyvinylidene floride (PVDF), etc.)

By Application:

• Wood
• Architectural
• General Industrial
• Protective
• Coil
• Automotive
• Packaging
• Marine
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa