Waterborne automobile coatings are eco-friendly alternatives to traditional solvent-based paints. These coatings use water as a carrier instead of harmful solvents, reducing VOC emissions and environmental impact. They offer high-quality finishes, excellent adhesion, and corrosion resistance, contributing to a sustainable and attractive automotive industry.
The global waterborne automobile coatings market is set for substantial growth, with a projected valuation of US$ 79 billion in 2022, and an estimated compound annual growth rate (CAGR) of 6% over the next decade, reaching a value of US$ 141.5 billion by 2032. The surge in demand is primarily attributed to the protective capabilities of waterborne coatings against UV radiation, acid rain, and harsh weather conditions.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Waterborne Automobile Coatings Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Waterborne Automobile Coatings market.
Key Waterborne Automobile Coatings Market Takeaways and Projections
- The US will lead the North America Waterborne Automobile Coatings market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Waterborne Automobile Coatings market. It also profiles a list of prominent companies including
- BASF SE
- AkzoNobel N.V.
- PPG Industries Inc.
- RPM International Inc.
- The Sherwin-Williams Company
- Asian Paints Limited
- Axalta Coating Systems LLC
- Nippon Paint Holdings Co. Ltd.
- Kansai Paint Co. Ltd.
- Jotun Group
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Key Segments Profiled in the Waterborne Automobile Coatings Industry Survey
By Type:
- Waterborne Automobile Acrylic Coatings
- Waterborne Automobile Polyester Coatings
- Waterborne Automobile ALKYD Coatings
- Waterborne Automobile EPOXY Coatings
- Waterborne Automobile Polyurethane Coatings
- Waterborne Automobile PTFE Coatings
- Waterborne Automobile PVDF Coatings
- Waterborne Automobile PVDC Coatings
- Others
Application:
- Waterborne Automobile Coatings for Architecture
- Waterborne Automobile Coatings for Automobile
- Waterborne Automobile Coatings for General Industrial
- Waterborne Automobile Coatings for Protective
- Waterborne Automobile Coatings for Wood
- Waterborne Automobile Coatings for Marine
- Waterborne Automobile Coatings for Packaging
- Waterborne Automobile Coatings for Coil
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Waterborne Automobile Coatings market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Waterborne Automobile Coatings market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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