Future Market Insights: Waterborne Automobile Coating Market Value and Growth 2015-2025

Global Waterborne
Automobile Coating
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Report
Description
Report Description
Waterborne automobile coating products are the future of automotive coatings. All
automotive paint manufacturers are working on this technology and have already
realized the necessity and importance of waterborne products into both the OEM and
refinished automotive coatings markets. The transition from solvent-based coatings, such
as urethanes, to waterborne is quickly taking place in the automotive industry.
Waterborne coatings use water as a solvent to dissolve a resin, thus making these
automotive coatings eco-friendly and easy to apply. In most of the cases, waterborne
automotive coatings contain more than 75% of water with small quantities of other
solvents such as ethers. Waterborne automotive coating are known to be environment
friendly and also possess good resistance to heat and abrasion. To use a waterborne
coating, a spray equipment designed for waterborne coating is usually preferred.
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Global Waterborne Automotive Coatings Market: Drivers & Restraints:
Increasing demand for waterborne coatings owing to its ability to protect automobiles
against UV radiation, acid rain and bad weather is expected to drive the global
waterborne automotive coating market. Moreover, growing automotive production in
Asia-Pacific coupled with rising middleclass income is anticipated to fuel market growth
over the forecast period. Surging waterborne coatings demand on account of increasing
accidents and aging of vehicles is expected to augment the market demand over the
forecast period.
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Description
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Rising consumption of waterborne automotive coatings on account of their excellent
chemical and physical properties such as low temperature processing, high chemical
resistance and solvent free preparations is anticipated to drive automotive coatings
demand. Waterborne automotive coatings are replacing solvent borne coatings owing to
their cost advantage and other chemical properties. Moreover new investments by
companies along with increasing number of production facilities is expected to further
stimulate the global automotive waterborne automotive coatings market.
Global Waterborne Automotive Coatings Market: Segmentation:
On the basis of product type, the global waterborne automotive coatings market is
segmented into
• Water-soluble paints
• Water-dispersible paints or colloidal coatings
• Emulsion/ latex paints
• Water based alkyds
On the basis of binders, the global waterborne automotive coatings market is segmented
into
• Polyvinyl ethers
• Polyacrylate
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Description
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• Polyurethane resins
• Epoxy resins
• Alkyd resins
• Others
• On the basis of end use, the global waterborne automotive coatings market is
segmented into
• Passenger vehicle OEM
• Commercial vehicle OEM
• Commercial refinish
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Global Waterborne Automotive Coatings Market: Region-wise Outlook
In terms of geography, the global automotive exhaust systems market has been divided in
to seven key regions including North America, Latin America, Eastern Europe, Western
Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. Asia-Pacific is
dominant region and is expected to witness swift market growth at a steady CAGR due to
increasing vehicle production particularly in India, China and Japan. Moreover increasing
government expenditure on road maintenance is expected to further accelerate the
growth for waterborne automotive coating market in Asia-Pacific region.
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Description
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North America and Western Europe are other attractive markets owing to its strict
government regulation and environment safety norms.
Global Waterborne Automotive Coatings Market: Key Players
Transition to waterborne automotive coatings from solvent based coating has prompted
automotive coating manufacturers to increase investment and production of new
waterborne coated products. Global waterborne automotive coating market is
dominated by key players which include BASF SE, Akzo Nobel NV, Du Pont Performance
Coating, Kansai Paint, Arkema SA, Bayer AG and PPG Industries.
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Waterborne automobile coating products are the future of automotive coatings. All automotive paint manufacturers are working on this technology and have already realized the necessity and importance of waterborne products into both the OEM and refinished automotive coatings markets. The transition from solvent-based coatings, such as urethanes, to waterborne is quickly taking place in the automotive industry. Waterborne coatings use water as a solvent to dissolve a resin, thus making these automotive coatings eco-friendly and easy to apply.