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Waterborne
Automobile Coating
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015-2025
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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.
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. 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
Report
Description
Report Description
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.
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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
•Polyurethane resins
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Description
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•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
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. North America and Western
Europe are other attractive markets owing to its strict government regulation and
environment safety norms.
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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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