Pune, India -- (SBWire) -- 02/27/2018 --The report "Waterborne Coatings Market by Products (Polyurethane, Alkyd, Acrylic, PTFE, Epoxy and Polyester), Application (Wood, Architectural, General Industrial, Protective, Coil, Automotive, Packaging, Marine and Others) - Global Industry Analysis, Trends analysis and Forecast up to 2023 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa)", the global waterborne coatings market is expected to grow at a CAGR of 4.6% over the forecast period of 2017 - 2023. Factors driving the growth of this market include increasing demand form emerging economies and growing applications of the waterborne coatings as well as rising demand for waterborne coatings over the solventborne coatings.
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Acrylic Resin Waterborne Coatings are estimated to Account for the Largest Share of the Market in 2017
By product, the waterborne coatings market is classified into polyurethane, alkyd, acrylic, PTFE, epoxy and polyester. The acrylic segment is expected to lead the global waterborne coatings in 2017. Factors driving the growth of this segment include increasing adoption acrylic resin owing to its durability and hardness and increasing demand for the acrylic resins from the constriction and automotive industries especially in the emerging economies.
Architectural Application is estimated to Command the Largest Share of the Market during the Forecast Period
Based on end user, the waterborne coatings market is categorized into wood, architectural, general industrial, protective, coil, automotive, packaging, marine and others. The architectural segment is estimated to account for the largest share of the global waterborne coatings market during the forecast period. Increasing adoption of waterborne coatings in the architectural application coupled with continue growth in the architectural sector owing to rise in consumers disposable income are the key factors driving the growth of this application segment.
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Asia Pacific is estimated to Command the Largest Share of the Market
Based on region, the waterborne coatings market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the waterborne coatings market in 2017. This is attributed to factors such as accessibility to waterborne coatings owing to increasing disposable income and growing automotive & construction industry across the region.
Companies Profiled Covered in this Report:
The report profiles some of the key companies in the waterborne coatings market including RPM International Inc., The Valspar Corporation, Tikkurila Oyj, Akzo Nobel N.V, Berger Paints India Ltd, BASF, PPG Industries Inc, Axalta Coatings Systems LLC, Kansai Paint Company Limited, and Nippon Paint Company Limited.
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global waterborne coatings market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of waterborne coatings market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the waterborne coatings market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the waterborne coatings market to understand the present and future trends in this market and formulate their strategies accordingly.
Global Waterborne Coatings Market Is Expected to Grow at a CAGR of 4.6% over the Forecast Period from 2017 to 2023 – Infinium Global Research
The report on Waterborne Coatings Market by Infinium Global Research analyzes the Waterborne Coatings Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Waterborne Coatings Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global Waterborne Coatings Market.