Waterborne Coatings Market Size Worth USD 83.37 Billion by 2028 at 6.7% CAGR – R… – Press Release

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New York, US, April 28, 2022 (GLOBE NEWSWIRE) — Waterborne Coatings Market Overview:

According to a Comprehensive Research Report by Market Research Future (MRFR), “Waterborne Coatings Market Information by Product Type, Application, and Region – Forecast till 2028“, the market is estimated to grow at a CAGR of 6.7% CAGR to reach USD 83.37 Billion by 2028.

Market Scope:

The competition in the global market is quite intense, as a result of the growing application scope as well as use-cases of water-based coatings across various industries. The considerable growth of the automotive and construction industries in emerging nations of Central & South America and Asia Pacific, offer a host of lucrative opportunities to the water-based coatings manufacturers. The key raw materials suppliers also benefit in this scenario and are encouraged to bolster their product ranges to enhance their global reach.

Market Competitive Analysis:

The affluent firms in the waterborne coatings industry are:

  • AkzoNobel N.V. (The Netherlands)
  • BASF SE (Germany)
  • Sherwin-Williams Company (US)
  • PPG Industries Inc. (US)
  • Asian Paints Limited (India)
  • RPM International Inc. (US)
  • Nippon Paint Holdings Co. Ltd (Japan)
  • Jotun Group (Norway)
  • Axalta Coating Systems LLC (US)
  • Kansai Paint Co. Ltd (Japan)
  • Tikkurila OYJ (Finland)

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Market USP Covered

Market Drivers

The waterborne coatings market is all set to gain significant grounds in the coming years, backed by factors like soaring demand from several end-use industries like automotive, industrial and infrastructure. These types of coatings are generally preferred over other conventional ones since these contain close to 80% water content, which makes it an excellent solvent and it produces low VOC emissions. Synthetic pigments, resins, additives and surfactants are some of the most commonly used raw materials during waterborne coatings’ manufacturing. The mentioned raw materials help…

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