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    Home > Coatings News > Paints and Coatings Market > The global water-based coatings market is expected to reach $146.11 billion by 2022.

    The global water-based coatings market is expected to reach $146.11 billion by 2022.

    • Last Update: 2020-09-26
    • Source: Internet
    • Author: User
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    China Coatings Network
    News: Original title: The global
    water-based coatings
    market is expected to reach $146.11 billion in 2022, with construction the largest area
    According to a new study by Grand View Research, the global water-based
    coatings
    market is expected to reach $146.11 billion in 2022. New and remodeled construction projects in the Middle East and Asia Pacific will drive growth in the water-based coatings market over the next seven years. Water-based coatings are widely used in indoor and outdoor, doors, decorative materials and building exterior wall coating. Increasing regulatory restrictions on VOC emissions from solvent-based coatings will also drive growth in the water-based coatings market. Growing car production in India, China, Thailand, Indonesia and Mexico has also boosted demand for water-based coatings.
    acrylic resin is the most commonly used resin in water-based coatings, accounting for more than 80% of the total market in 2014. Due to its good weather resistance and low cost, it is widely used with the infrastructure and automotive industries. Polyurethane is expected to be the fastest growing resin variety, with an annual growth rate of 7.5% from 2015 to 2022, driven mainly by its better performance than other resins.
    demand for water-based coatings in 2014 was 20.54 million tons and is expected to reach 32.71 million tons by 2022, with an annual growth rate of 6% over seven years.
    construction industry is the largest application of water-based coatings, accounting for 86.5% of the total market. Automotive OEMs are expected to be the fastest growing sector, with growth expected to reach 8.1% in 2015-2022.
    the largest regional market for water-based coatings in Europe, accounting for 38.6% of global use in 2014. It is foreseeable that strict environmental regulations on solvent-based coatings will further drive demand for water-based coatings in the region.
    expects the Asia-Pacific water-based coatings market to grow at its fastest rate of 7.9% between 2015 and 2022. The main driver of demand growth in the region was the increase in infrastructure projects in India, China and Indonesia. The Asia Pacific region is expected to overtake Europe as the largest regional market for water-based coatings by 2022.
    's large multinational companies, including BASF, Berger
    Paints
    , Kansai Coatings, Asda Coatings Systems, Libang Coatings, RPM International, PPG, AkzoNobel, Wiesberger, Xuanwei and Digurilla, will be modestly integrated into the water-based coatings market.
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