In 2019, the global market size of waterborne coatings will reach US $74.1 billion

According to the latest research results, the global market size of waterborne coatings will reach US $74.1 billion in 2019, and it is expected to reach US $91.8 billion by 2024, with a compound annual growth rate of about 4.4% From the perspective of waterborne coatings, acrylic coatings have the highest market share and will continue this trend in the next few years It is pointed out that waterborne acrylic coatings are widely used due to their good chemical properties and unique appearance properties, such as in the fields of automobile, medical treatment, general industry, architecture and so on In China, India and other emerging economies and regions, the application demand of acrylic resin and its coating is also increasing year by year For water-based architectural coatings, they are both decorative and protective For example, the exterior wall coatings can effectively resist the erosion of heavy rainfall, solar radiation and wind They are also widely used in the interior decoration of buildings, such as furniture, wood floor, interior wall paint, sculpture, etc With the enhancement of consumers' awareness of environmental protection, coating manufacturers continue to innovate technology and develop new products to meet the global consumption trend of high quality, high added value and reasonable price It is pointed out that the Asia Pacific region is the region with the largest market share and the highest compound annual growth rate of waterborne coatings in the world at present and in the next few years In China, India, Malaysia, Taiwan, South Korea, Indonesia, Vietnam and other countries and regions, the application demand of automobile industry, general industry, shipbuilding industry, new construction engineering, maintenance engineering and other fields is increasing year by year, which is the main factor to promote the development of water-based coating market in the Asia Pacific region It is worth mentioning that China will lead the market of waterborne coatings in the Asia Pacific region The world's main manufacturers of waterborne coatings include: BASF, Akzo Nobel, PPG, lipamak, Xuanwei, Asiatic coatings, Ashtar, Nippon, Kansai, Jotun, Finland, etc.