Global Waterborne Coatings Market is Expected to Reach USD 146.11 Bil Waterborne Coatings Market is Expected to Reach US | Page 2
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consumption in 2014. Stringent environmental regulations to minimize the use of solvent
borne coatings are expected to drive the regional market over the forecast period.
Asia Pacific is expected to witness the highest growth of 7.9% from 2015 to 2022.
Increasing infrastructure activities in India, China and Indonesia is expected to drive the
regional market. Asia Pacific is expected to surpass Europe to become the leading
consumer by 2022.
Global waterborne coatings market is moderately consolidated with presence of large
multinational corporations. Some of the major companies operating in the global market
include BASF, Berger Paints India Ltd., Kansai Paint Company Ltd., Axalta Coatings
Systems LLC, and Nippon Paint Holdings Company LLC. Other prominent industry
participants in global market comprise of RPM International, PPG Industries Inc., Akzo
Nobel NV, The Valspar Corporation, The Sherwin-Williams Company and Tikkurila Oyj.
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