Waterbased Coatings Market
REPORT DESCRIPTION
Waterbased Coatings Market ( Resin - Acrylic ( Styrene Acrylic ), Formaldehyde , Polyurethane , Alkyds , Epoxy , and Fluoropolymers ; End User - Building and Construction , Automotive ( Automotive OEM and Automotive Refinish ), Furniture , Electronics , Marine , and Aerospace , Paper and Printing ) - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 – 2024
In the global water-based coatings market , PPG industries , Akzo Nobel , and Sherwin Williams are the main competitors . In 2015 , these three players together held a share of more than 55 % in the overall market . Mergers and acquisitions has been the most preferred strategy among the leading participants for the development of their businesses . TMR expect the trend to continue over the next few years , intensifying the competition .
As per TMR ’ s estimations , the global market for water-based coatings , which offered an opportunity worth US $ 46.1 bn in 2015 , is likely to rise at a CAGR of 6.40 % over the period of 2016 to 2024 and reach US $ 80.3 bn by the end of the forecast period . With a share of nearly 58 %, the building and construction industry emerged as the key consumer of water-based coatings across the world . Researchers at TMR expect this scenario to remain more or less same over the forecast period .
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Asia Pacific to Remain Leading Contributor to Global Waterbased Coatings Market
The report also presents a geographical analysis of the global market for water-based coatings . According to it , Asia Pacific , Latin America , the Middle East and Africa , North America , and Europe are the main geographical segments of this market . Thanks to the swift rise in the pace of
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