The Water-borne coatings market have water as liquefying agent or solvent to disperse all the elements for coating such as resin. Polyacrylate, polyvinyl ethers, or polyurethane resins are incorporated as binders in water-borne coatings. Such coatings are used for enclosed areas and do not cause any harmful emissions. Usage of water as a solvent makes them environment-friendly as compared to other coating systems such as solvent-borne coatings or powder coatings.
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In water-borne coatings, Volatile Organic Compounds (VOCs) are present in fewer quantities thereby, producing less atmospheric emissions. Additionally, they possess good resistance to heat and abrasion. These factors led to significant growth of water-borne coatings market over the past few years.
Acrylic coating, polyurethane coating, epoxy coating and alkyd coatings are some of the major types of water-borne coatings. Water-borne acrylic coatings are based on acrylic and water as a film forming agent and are mainly used in architectural and industrial coatings.
A spray application equipment, are designed to be corrosion resistant, are widely used for water-borne coatings. Large-scale coating factories have installed spray booths with heating and air movement devices to increase production by reducing curing time.
The major challenge faced by the water-borne coatings market is the inability of these coatings to adhere on grimy, chalky and peeling surfaces, thereby demands thorough surface preparation. Surface preparation would require increase in cost and time.
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Key players in the global water-borne coatings market include Akzo Nobel N.V., Asian Paints Ltd., Nippon Mektron, Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems, Benjamin Moore & Co., Berger Paints India Limited, and BASF SE.
Market Segmentation
By resin- Acrylic
- Polyester
- ALKYD
- EPOXY
- Polyurethane
- PTFE
- PVDF
- PVDC
- Others
- Architectural
- Automotive
- General industrial
- Protective
- Wood
- Marine
- Packaging
- Coil
- Others
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