Market Trends of Water-borne Coatings Industry
This section covers the major market trends shaping the Water-borne Coatings Market according to our research experts:
Acrylics Segment to Dominate the Market
- Acrylic-based resins are thermoplastic resins produced by the polymerization of acrylate or methacrylate monomers.
- Various acrylic resins can also contain vinyl monomers, such as styrene or vinyl acetate, to reduce cost.
- These resins provide resistance to hydrolysis, good weather resistance, excellent gloss, and color retention, particularly for exterior applications. They also have certain other properties such as transparency, UV resistance, and the high color ability for coating solutions.
- Acrylic resins find application in solvent-borne paints. Products made by solution polymerization can also lead to the formulation of water-borne acrylic dispersions and powder coatings for architectural applications.
- These resins are used in water-borne systems to reduce VOC emission. High surface hardness can be achieved with the application of these acrylic resins.
- They are used in various applications, such as walls, roofs, and decks, where acrylic coatings are used to provide elastomeric finishes so as to improve the UV resistance of the surface.
- The main application of acrylic coatings is found in the construction industry, for high-finishing in rods, bridges, floors, decks, and others. Other applications of acrylic-based paints and coatings include marine vessels & structures, electrical products, machinery, and other metal products.
- The water-based coatings is likely to dominate the market based on acrylic resins, owing to less environmental concerns, such as VOC emission, which affect the air quality.
- All the above factors are likely to increase the demand for the market over the forecast period.
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China to Dominate the Asia-Pacific Market
- China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in recent years.
- China’s real estate sector has been growing rapidly with increased investment by the government. The growth in construction is expected to positively affect the paints & coatings market in the country.
- The investments in the transportation sector increased in the near past. China’s government invested aroundUSD 72billion for constructingtransportation projects, which include railways, highways, waterways, airports, and urban rail.
- The investment plan would enhance the country’s connectivity between the major cities, which helps for the wider economic and social development of the region.
- In the automotive industry, the production of commercial vehicles and cars decreases. However, with the growth of electric vehicles, the demand for waterborne coatings islikely to increase.
- All the aforementioned factors are likely to increase the demand for waterborne coatings over the forecast period.
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