London, 15 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global waterborne industrial coatings market 2015-2019, which is expected to grow at a CAGR of 7.09% during the forecast period of 2014-2019.
Macroeconomic factors such as the high GDP growth of key markets like APAC promote growth in this market. In regions like China and India, rapid infrastructure development as a result of economic growth has led to the high demand for waterborne coatings from the construction and housing sector. Renovation and maintenance of the existing infrastructure is another factor that boosts the demand for waterborne coatings globally.
“Demand for waterborne industrial coatings from emerging economies such as India, China, Brazil, and the Commonwealth of Independent States is on the rise. Rapid economic development in these countries, especially those in APAC, is expected to contribute to market growth,” says Faisal Ghaus, Vice President of Technavio.
“There has also been a boom in the construction of commercial and industrial facilities in these countries. Demand for waterborne industrial coatings has, therefore, been brought about by the growing need for asset protection.”
Key Market Drivers:
- Rapid Development of Infrastructure.
- Introduction of New Products.
- Decreasing Demand for Solvent-free Coatings.
- Growing Demand from End-user Markets.
Key Market Trends:
- Increasing Demand from Emerging Economies.
- Growing Preference for Eco-friendly Coatings.
- Increasing Demand for Water-based Industrial Coatings.
- Advances in Technology.
Key Market Vendors:
- AkzoNobel NV
- Axalta Coating Systems LLC
- BASF SE
- Beckers
- PPG Industries Inc.
- Sherwin-Williams
- Valspar
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
