Water-based formulations are among the top trends in the coatings industry. How is the situation at the market currently? We have gathered five facts.
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.
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.
Forecasts for the coming years remain positive, driven in particular by rising demand for environmentally friendly technologies.
The facts are based on a longer article on the water-borne coatings market.
What are the most important resins?
There has been a shift toward water-borne acrylics, especially in the automotive basecoats due to environmental concerns.