WATER-BASED COATING BINDERS MARKET ANALYSIS

Water-based Coating Binders MarketSize and Trends

Market Dynamics:

The water-based coating binders market is expected to witness significant growth over the forecast period, owing to the inclination of industries towards environmental compliance. The governments of various countries across the globe are aiming at regulating the volatile organic compounds by limiting the amount companies are allowed to emit in a particular time period. With such increasing regulations, the companies are using water-based coating technology to lower VOC output, as it has no or considerably fewer solvents. Also, there has been a rapid increase in demand for structural steel, which resulted in development of water-based intumescent coatings, which can react under the influence of fire. The water-based coating binders are also low-cost and have self-charring capacity, which is further increasing its use across several end-use industries. However, the growth of this market is expected to be restrained by the existing use of solvent-based coating binders by the end-use industries.