Environmental Compliance in Architectural Application Key Proposition for Demand in Waterborne Coatings Market, Valuation to Reach US$120.03 Bn by 2027: TMR

Environmental Compliance in Architectural Application Key Proposition for Demand in Waterborne Coatings Market, Valuation to Reach US$120.03 Bn by 2027: TMR

PR Newswire

ALBANY, N.Y., Nov. 10, 2020

- Companies have witnessed the shift from industry to industrial application due to largely environmentally friendly nature of the formulations, coating formulators are conscious of changing environmental regulations especially with respect to VOC

- Asia Pacific held major share in waterborne coatings market, rise in use in building, construction industry drove the revenue prospects

ALBANY, N.Y., Nov. 10, 2020 /PRNewswire/ -- Waterborne coatings have seen substantial uptake in households due to their high environmentally friendliness with respect to control of volatile organic compounds (VOC) emissions. The waterborne coatings market has witnessed a robust momentum from the rise in use of these in architectural applications. Recent years have seen a veritable shift from their large-scale adoption in building and construction industry to automotive coating.

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The waterborne coatings market is projected to clock CAGR of 4.9% from 2019 to 2027, as a result of which the final valuation at the end of the 2027 is expected to touch the mark of US$120.03 Bn.

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Key Findings of Waterborne Coatings Market Report

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Waterborne Coatings Market: Key Driving Factors and Promising Avenues

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Waterborne Coatings Market: Key Impediments

While waterborne coatings offer numerous advantages over solvent-based, their quality is heavily impacted by lack of control of environmental conditions notably humidity and temperature. End-use industries particularly automotive need to make additional spending on specialized spray booths to achieve the desired quality. This is a key trend that might affect the demand adversely. Also, these coatings usually contain co-solvents, which means that their formulators must still need to comply with various safety regulations.

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Waterborne Coatings Market: Regional Landscape

Asia Pacific is a lucrative market and it held the major market share in the historical year of 2018. Extensive uptake in architectural application and construction industry has helped the regional market expand at rapid pace over the past few years. Their substantial use as decorative paints in India and China have helped cement the revenue potential in recent years.

In coming years, the Latin America and the Middle East and Africa might witness substantial revenue streams. Strides in construction industry might spur the demand for these coatings in infrastructural application in the emerging markets.

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Global Waterborne Coatings Market: Research Scope

Global Waterborne Coatings Market, by Resin

Global Waterborne Coatings Market, by Application

Global Waterborne Coatings Market, by Region

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