Global Waterborne Coatings Market is Expected to Reach USD 146.11 Bil Waterborne Coatings Market is Expected to Reach US

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Global Waterborne Coatings Market is Expected
to Reach USD 146.11 Billion by 2022
Increasing construction and remodeling activities in emerging economies of Asia Pacific
and Middle East is expected to drive waterborne coatings market growth over the next
seven years. Waterborne coatings are widely used in interior & exterior paints, doors,
trims and facades in architectural industry. Stringent government regulations in order to
reduce volatile organic compounds (VOC) emissions associated with solvent based coatings
are projected to propel market growth. Increasing automobile production in countries such
as India, China, Thailand, Indonesia and Mexico has also prompted the demand for
waterborne coatings.
Acrylic resins were the most dominant resin in waterborne coatings and accounted for over
80% of total market volume in 2014. They find wide application scope in end-use
industries such as infrastructure and automotive refinishes owing to exterior durability
coupled with low production cost. Polyurethane (PU) is expected to emerge as fastest
growing resin at an estimated CAGR of 7.5% from 2015 to 2022. Superior PU properties
over other resins are expected to drive its demand over the forecast period.

Global waterborne coatings market

demand was 20.54 million tons in 2014

and is expected to reach 32.71 million tons by 2022, growing at a CAGR of 6.0% from
2015 to 2022.
Architectural was the largest application segment and accounted for 86.5% of the total
market volume in 2014. Automotive OEM is anticipated to be the fastest growing
application segment at a CAGR of 8.1% from 2015 to 2022.
Europe emerged as the largest regional market and accounted for 38.6% of global