Global Waterborne Acrylic Coating Market To Worth USD 61.3 Million By 2030 With 5.77% CAGR; Asserts MRFR
Description :
Waterborne Acrylic Coating Market - by Application (construction
material, architectural wood, automotive OEM, metal packaging, automotive
aftermarket, protective coatings and others), by End Use (building &
construction, automotive, woodworking, packaging, general industry, and
others), and by Region - Forecast till 2030
Keywords:
Waterborne Acrylic Coating
Market Industry , Waterborne Acrylic Coating Market , Global Waterborne Acrylic Coating Market Industry , Waterborne Acrylic
Coating Market Industry value, Waterborne Acrylic Coating Industry segment
Access Full Report
Details and Order this Premium
Report : https://www.marketresearchfuture.com/reports/acrylic-based-waterborne-coatings-market-3917
Waterborne Acrylic
Coating Market Analysis Overview:
Fervent
key players, including, PPG Industries, The Dow Chemical Company, BASF SE, DSM,
DIC Corporation, Axalta Coating Systems, and Nippon Paints Limited are leading
the Waterborne Acrylic Coating market.
Profiling them in its analysis MRFR finds out the strategies keeping them at
the forefront of the market competition.
Waterborne
Acrylic Coating Market – Abstract
Waterborne Acrylic
Coatings are considered as environmental friendly substrates due to the low
emission of VOCs (Volatile Organic Compounds) in comparison with the
solvent-borne coatings, which thereby minimizes the harsh impact on the
environment. They are used in surface treatment of materials that utilize water
as a solvent medium. These coatings offer excellent adhesion and good
resistance to heat, fire & abrasion. Moreover, these coatings are easily
spreadable and take a little amount of quantity as compared to the
solvent-borne coatings; hence they are cost-effective.
These unique
properties make Waterborne Acrylic Coatings the perfect choice for various
applications within the furniture, building & construction industry.
Consequently, these coatings perceive huge demand from the sectors such
packaging, and most importantly from automotive OEM & aftermarket sector.
Growing population coupled with the increasing urbanization worldwide is
presaging the growing demand for construction and infrastructure development.
The improving economy
is increasing consumer’s purchasing power, fosters the sale of automobiles and
luxury furnishing across the globe. Automotive industry accounts for the
largest consumer of these coatings, witnessing the increasing demand and
production of automobiles worldwide. These factors presage the surging demand
these coatings witness in the market, defining its market landscape on the
global platform in the years to come.
Acknowledging the
spurting growth the market is perceiving currently & the potential the
market holds to grow globally, the leading research firm ‘Market Research
Future’ (MRFR) has recently published a study report mapping companies active
in the industry. In its market analysis, MRFR asserts that the global Waterborne Acrylic Coating Market will garner USD 61.3 Million by
2023 at 5.77% CAGR during 2017 to 2030.
Additional factors
such as growing investments to develop advanced and bio-based coatings are
fostering the market growth. Seminal efforts &investments, made by the
market players, are paying off well, driving the market growth. Conversely,
stringent regulations imposed by the governments on the restricted use of
materials emitting VOC coupled with the price volatility of the raw materials,
are inhibiting the market growth.
Waterborne Acrylic Coating Market – Competitive Analysis
With the numerous matured
& small key players along with the new entrants forming a competitive
landscape, the market appears to be fragmented & fiercely competitive. The
market players try to gain competitive advantage through strategic partnership,
acquisition, expansion, collaboration, product & technology launch.
Development of customized
coating solution is lately, trending in the market, resultantly driving the
market competition intensely. Manufacturers having the ability to manufacture
tailor-made coatings are expected to gain a competitive edge over their
rivals.
Industry/Innovation/Related News
May 11, 2018 – The Dow Chemical Company (US), the
chemical giant showcased its complementary portfolio of release coating
solutions and adhesives to address regional market needs at the Labelexpo
Southeast Asia. Based on Dow's silicone and acrylic technology platforms, the
high-value adhesive and release coating solutions will support customers stay
abreast of future trends with innovative and reliable technologies and
resources in the pressure sensitive industry.
March 20, 2018 – PPG Industries Inc. (PPG
–UK) launched its Aquacron Line of Coatings (Aquacron 200 and 100
coatings). Among these, PPG’s (Aquacron
200) waterborne acrylic urethane coatings offer high-end, rustic aesthetic and
excellent substrate protection along with the ease of application with
excellent sag resistance.
Waterborne Acrylic Coating Market – Segmentation
The Waterborne Acrylic Coating Market is
segmented into two key dynamics for the convenience of the report and enhanced
understanding;
By Applications : Comprises Architectural Wood, Construction Material, Automotive OEM, Automotive
Aftermarket, Metal Packaging, and Protective Coatings, among others.
By Regions :
North America, Europe, APAC and Rest of the World.
Segment Construction
Material by applications is estimated to post a higher CAGR of ~ 6.0% during
the forecast period.
Waterborne Acrylic Coating Market – Regional Analysis
Globally, Asia Pacific
accounts for the largest market for Waterborne Acrylic Coating due to the
augmented demand from the growing end-user industries such as construction,
automotive, and metal packaging, in India, China, Indonesia & Japan.
Growing infrastructure development projects coupled with the ever-increasing
population drive the regional market growth.
China, backed by the
burgeoning building & construction sectors is the largest consumer of the
product followed by India, Thailand, Japan, and Vietnam, among others. Also,
growing the considerable product demand in different industrial sectors, foster
the growth of the APAC market. The market trends substantiating the growth of
Waterborne Acrylic Coatings in the region include rapid urbanization and the
increasing consumption of the product in the automotive OEM and Aftermarket
sector.
North America region stands
the second largest market for Waterborne Acrylic Coating owing to the enormous
contribution from the US market, fuelled by the broad application areas of the
product in the automotive industries.
In Latin America, the
market is estimated to witness a remarkable growth owing to the increasing
industrial activities primarily in the automotive space. Presence of a large
number of automotive OEM & aftermarkets in Brazil and Venezuela positively
impact the regional market growth.
The Europe Waterborne
Acrylic Coating market accounts for the third largest market globally. The
resurging economy is fuelling the construction and automotive sectors in the
region. Moreover, declining crude oil prices are providing impetus to the
automotive industry, increasing the production rate, which in turn, drives the
growth of the market in this region.
Conversely, the stringent environmental regulations imposed on the uses
of products emitting VOC (volatile organic compounds) are hampering the market
growth on a large scale. Nevertheless, augmenting demand for the product in the
industrial, decorative, and others applications is expected to drive the
regional market growth up to some extent.
The MEA (the Middle East
& Africa) market is anticipated to perceive a considerable market growth
during the assessment period, owing to the infrastructure development projects
in the region.
Get a Sample Report Now : https://www.marketresearchfuture.com/sample_request/3917
Read more at:
NOTE: Our Team of
Researchers is Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research
Future:
At
Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact
Market
Research Future
Office
No. 528, Amanora Chambers
Magarpatta
Road, Hadapsar,
Pune
- 411028
Maharashtra,
India
+1
646 845 9312
Email: sales@marketresearchfuture.com
Comments
Post a Comment