Waterbased Coatings Market
infrastructural development, boosted by the increasing disposable income of consumers, Asia Pacific has emerged as the leading contributor to the worldwide water-based coatings market. Analysts expect this regional market to retain its position over the forecast period, rising at a CAGR of 7.0 %. China will lead the water-based coatings market in Asia Pacific over the next few years.
The markets for water-based coatings in Latin America and the Middle East and Africa are also expected to witness strong growth during the forecast period. The rise in economic diversification of the GCC countries and the increasing focus on the commercial sectors such as hospitality, healthcare, and tourism are likely to boost these markets in the near future. On the flip side, North America and Europe are likely to register moderate growth in their respective markets for waterbased coatings over the forthcoming years. Although the revival of the economy in the European Union is likely to provide momentum to the Europe market for water-based coatings, it will present less lucrative prospects than Asia Pacific over the years to come.
Browse The Full Article Here: http:// www. transparencymarketresearch. com / waterbasedcoatings-market. html
Increasing Infrastructural Developments to Fuel Demand for Waterbased Coatings
“ Infrastructural advancements across the world is having the most prominent impact on the global demand for water-based coatings,” says the author of the study. With the strengthening of economies, the expenditure on the development of infrastructure has been increasing, globally. A number of new construction projects have begun, which has fueled the need for paints and coatings. Thanks to the growing awareness pertaining to the benefits of eco-friendly coatings, the adoption of water-based coatings has increased remarkably, leading to the rise of the global water-based coatings market.
Going forwards, the increasing implementation of stringent government regulations concerning VOC contents and their negative impact on the environment is projected to boost this market considerably
Transparency Market Research
3