Five facts on the water-borne coatings market
Water-borne coatings are developed as an alternative to solvent- borne coatings that contains high amount of VOCs, less eco-friendly in nature and causing several health issues. On the other hand, water-borne coatings are manufactured through green technology which is more eco-friendly in nature and adheres to the safety regulations proposed by REACH and other government organisations.
The global water-borne coatings market size was about EUR 62.4 billion in 2017 and is projected to reach about EUR 82.7 billion by 2022, at a CAGR 5.7% in terms of value.
Event Tip: The European Coatings Seminar Waterborne Coatings on 22 May in Amsterdam provides insights into the development of water-based systems, the current legal situation and much more
The market by regions
Asia Pacific has been a bright spot in the global water-borne coatings market in the backdrop of the overall slowdown in global economic development.
Architectural coatings biggest segment
Architectural is the largest application of water-borne coatings. Rapid urbanisation, rising disposable income, and growing GDP in Asia Pacific resulted into increased demand for residential, commercial, and industrial infrastructure followed by renovation/re-paint of residential and commercial buildings.
What are the most important resins?
There has been a shift toward water-borne acrylics, especially in the automotive basecoats due to environmental concerns.
water-borne coating binder types
Forecasts for the coming years remain positive, driven in particular by rising demand for environmentally friendly technologies.
The European Coatings Seminar Waterborne Coatings on 22 May in Amsterdam provides insights into the development of water-based systems, the current legal situation and much more.