Expansion in investment and production of Waterborne Automotive Coatings Market

  

Market Overview

Automotive coatings that are waterborne are the way of the future. Waterborne materials have already shown to be necessary and important in both the OEM and refinished automotive coatings industries, since all automobile paint manufacturers are focusing on this technology. 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. Waterborne automobile coatings typically comprise more than 75% water, along with tiny amounts of additional solvents such as ethers. Waterborne automobile coatings are regarded for being environmentally benign and having outstanding heat and abrasion resistance. A spray apparatus intended for waterborne coating is normally chosen when using a waterborne coating.





Global Waterborne Automotive Coatings Market: Drivers & Restraints:

The global waterborne automotive coating market is likely to be driven by rising demand for waterborne coatings due to its ability to protect autos from UV radiation, acid rain, and harsh weather. Furthermore, rising middle-class income and rising vehicle production in Asia-Pacific are expected to drive market expansion throughout the forecast period. Growing demand for waterborne coatings as a result of increasing accidents and vehicle ageing is likely to boost 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. Because of their lower cost and other chemical features, waterborne automotive coatings are displacing solvent-borne coatings. Furthermore, new corporate investments, as well as an increase in the number of manufacturing facilities, are likely to boost the worldwide automotive waterborne automotive coatings market.


Global Waterborne Automotive Coatings Market: Key Players

The switch from solvent-based to aqueous vehicle coatings has led coating manufacturers to expand investment and production of innovative waterborne coated goods. BASF SE, Akzo Nobel NV, Du Pont Performance Coating, Kansai Paint, Arkema SA, Bayer AG, and PPG Industries dominate the global waterborne automobile coating market.

Global Waterborne Automotive Coatings Market: Region-wise Outlook

North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa, and Japan are the seven primary regions that make up the worldwide automotive exhaust systems market. The Asia-Pacific area is the most populous and is predicted to increase at a steady CAGR due to rising car manufacturing, particularly in India, China and Japan. Furthermore, rising government spending on road maintenance is likely to fuel the expansion of the Asia-Pacific waterborne automotive coating market. Due to strong government regulation and environmental safety regulations, North America and Western Europe are also desirable markets.

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