Polyester waterborne coatings market size will surpass USD 1 billion during forecast timeframe due to its excellent film forming properties and pigment dispensability, along with its self-emulsifying type waterborne resin should boost product demand.

Sellbyville, DE -- (ReleaseWire) -- 12/13/2018 --The qualitative research study conducted by Global Market Insights, Inc. titled "Waterborne Coatings Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Waterborne Coatings Market.

Waterborne Coatings Market size should exceed USD 95 billion by 2024. Shifting trends towards environment friendly products to reduce harmful effects on surroundings should favor waterborne coatings market size. These coatings are categorized as eco-friendly products containing, low VOC & HAP content which pose potentially less risk to human as well as living environment thereby promoting product demand.

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The technological proliferation in waterborne coatings market has transformed architectural sector in more ways than one. Waterborne coatings, over the past few years, has become the standard technology for interior wall coatings, pertaining to its reduced VOC content. Perhaps marred by the fact that interior wall coating procures the largest chunk of the overall architectural coatings space, waterborne coatings market penetration in this particular business sphere is quite extensive.

As per estimates, overall waterborne coatings industry share from architectural applications would record a massive valuation of over USD 85 billion by 2024, with a projected CAGR of 5.5% over 2017-2024. In tandem, stringent mandatory rollouts enforced by governmental entities such as EPA and European Union with regards to reduced VOC content in building infrastructure have apparently led to an increasing adoption of green technologies in architectural sector, in turn contributing to the overall waterborne coatings industry share.

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Automotive sector is claimed to be a major growth source for waterborne coatings market- courtesy the exponentially increasing product demand for protecting the vehicles from UV rays, discoloration, harsh weather conditions, acid rain and the like. In this regard, a key waterborne technology that has been reigning the automotive space over the years is electrocoat, deployed universally as the first level of corrosion protection on light commercial vehicles. Statistics depict that renowned automakers have been slowly inclining toward waterborne coatings for color basecoats and other applications, barring Ford that still banks on solvent-borne coatings.

However, experts claim, waterborne coatings market share from automotive OEM would witness a sluggish growth rate, pertaining to the fact that new automotive production lines are commissioned. Nonetheless, the growth prospects for waterborne coatings market in Europe and U.S. is forecast to be positively high, primarily backed by the emission control standardization set forth by the regional automotive emission control agencies.

Despite all the benefits of waterborne coatings, on the flip side, the product is claimed to possess low adhesive property over grimy, chalky, and peeling surfaces when compared to alkyds. This has somewhat constricted the application scope of waterborne coatings market in some of the sectors. In addition, it is prudent to note that the raw materials required for the development of waterborne coatings has a widespread application array, a situation which has led to the generation of a demand-supply gap owing to the spike in demand but lower raw material production.

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In consequence, it has been claimed that this scenario may have a slightly negative impact on the revenue scale of waterborne coatings market. However, renowned biggies are constantly investing in R&D activities to come with alternatives in a bid to bridge the gap. All in all, with the world circumnavigating on the path of go-green notion in every spectrum, the room for investments in waterborne industry is huge. Global Market Insights, Inc. forecasts the overall business space to record a mammoth valuation of over USD 95 billion by 2024.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.