Advertisements

Waterbased Coatings Market is estimated to reach a value of US$80.36 bn by 2024:TMR

There has been a phase of significant transition in the global market for water-based coatings. The continual increase in building and construction activities is influencing the demand for water-based coatings substantially across the world, reflecting greatly on this market. The implementation of strict environmental rules and regulations regarding VOC content favoring eco-friendly products is projected to boost the adoption of these coatings remarkably over the next few years while the volatility in the prices of raw materials and the susceptibility of these coatings to environmental conditions may hamper the growth of this market to some extent

In the global water-based coatings market, acrylic, polyurethane, formaldehyde, alkyds, epoxy, and fluoropolymers are the predominant resins available. Acrylic coatings have been registering a higher demand than other coatings. As acrylic coatings are majorly utilized in architectural coatings, the rising pace of infrastructural development is fueling their demand across the world. The acrylic coatings segment is expected to remain the market leader by the end of the forecast period, with an estimated contribution of US$24.3 bn by 2024. Thanks to wood coatings, the demand for polyurethane coatings is also projected to rise considerably over the forecast period.

Explore further 

Source:TMR

About Transparency Market Research

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Its exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Its business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SUBSCRIBE TO OUR NEWSLETTER

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Paints and Coatings Expert will use the information you provide on this form to be in touch with you and to provide updates and marketing.
%d bloggers like this: