WATERBORNE COATINGS MARKET ANALYSIS

Waterborne Coatings MarketSize and Trends

Waterborne Coatings Market Outlook – Asia Pacific is the largest, and fastest-growing region in waterborne coatings market

Asia-Pacific is the largest and fastest-growing region in the global waterborne coatings market. The growing construction and automotive end-use industries is the major driving factor for growth of the waterborne coatings market in the region, with India and China being the key growth engines. As per stats released by Indian Brand Equity Foundation—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the real estate market is expected to be valued at US$ 180 billion by 2020. According to stats released by Department of Industrial Policy and Promotion (DIPP), the automotive sector in India has attracted FDI worth US$ 15.79 billion, during April 2000–September 2016. This, along with rapid economic growth in the region creates a highly conducive environment for market growth. The growth in the sales of automobiles has increased the demand for coatings resistant to UV radiation and extreme environmental conditions. Waterborne coatings offer protection against bad weather and UV rays, making them the most applicable for automobiles. Thus resulting in the growth of the waterborne coatings market in the region.