TMR_Research_Reports_2017 Construction Projects Offer Growth Prospects 2024 | Page 3

Waterbased Coatings Market
building and construction industry segment can be attributed to the growing number of
construction projects across several parts of the globe. The robust infrastructural
development and upgrading activities in developing regions of Europe have also been
responsible for the growth of this segment.
By geography, Asia Pacific emerged as the leading segment in the global market for
water-based coatings in 2015. The robust development of infrastructure across several
countries in this region has been promoting the expansion of the water-based coatings
market in this region. It will expand at a CAGR of 7.0% during the forecast period. China is
expected to lead the market for water-based coatings in Asia pacific, followed closely by
India.
Infrastructural Growth Promises Growth Opportunities
“The global market for water-based coatings is receiving great impetus from infrastructural
growth taking place all over the world,” said a lead TMR analyst. As the economies of
several developing and developed nations expand, the public and private spending on
infrastructure is also likely to increase. Therefore, the innumerable construction projects
such as smart city and metro railways will present favorable opportunities for growth. All
these trends have created an environment conducive to growth of the water-based
coatings market.
Fill the form for an exclusive sample of this report @:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1
8095
Moreover, the emerging economies such as the Middle East and Africa, and Latin
America are also displaying high demand for water-based coatings. The GCC countries in
particular are focusing on the development of commercial sectors such as tourism,
hospitality, and healthcare. As a result, the global market for water-based coatings might
progress to a considerable extent.
On the other hand, the declining demand from European and North American nations
might enfeeble the growth prospects for the market over the forthcoming years. Despite
the economic revival of the European Union, the greater part of opportunities are to be
3
Transparency Market Research