The global production of water-based coatings is expected to reach 32.71 million tons in 2022, and the market is good.

Date:

2020-05-06

Analysis of the main reasons for 1. growth: 1, construction and automotive applications driven (1) the construction industry is the main reason for the growth of water-based coatings this part of the application accounted for 86.5 of the total market. In the next six years, new construction and renovation projects in the Asia-Pacific and Middle East will be the main driving force for the growth of the water-based coatings market, as water-based coatings are widely used in indoor and outdoor, door, decorative materials and building exterior painting. (2) The growth of the automotive industry promotes the demand for water-based coatings. In addition, the continuous growth of automobile production in China, India, Thailand, Indonesia and Mexico also promotes the demand for water-based coatings. Automotive OEM is pre-

Analysis of the main reasons for 1. growth:

1Driving for Construction and Automotive Applications(1)The construction industry is the main reason for the growth of water-based coatings.

This part of the application accounted for the total market.86.5%. In the next six years, new construction and renovation projects in the Asia-Pacific and Middle East will be the main driving force for the growth of the water-based coatings market, as water-based coatings are widely used in indoor and outdoor, door, decorative materials and building exterior painting.

　　(2)Automotive Industry Growth Driving Demand for Waterborne Coatings

In addition, the continuous growth of automobile production in China, India, Thailand, Indonesia and Mexico has also promoted the demand for water-based coatings. CarOEMis the area expected to grow the fastest and is expected2016~2022The annual growth rate will reach8.1%.

　　2, all overVOCemission policy driven

Local government departments for solvent-based coatings.VOCIncreasing regulatory restrictions on emissions will also drive the growth of the waterborne coatings market, especially in China.VOCEmissions policies are becoming more stringent.

　　Proportion Analysis of 2. Waterborne Resin

Waterborne acrylic resin is the fastest growing mainstream waterborne polyurethaneAcrylic resin is the main resin used in water-based coatings,2015Annual share of total market80%Above. Due to its good weather resistance and low cost, it is widely used in infrastructure and automotive industries.

Waterborne polyurethane is expected to become the fastest growing resin varieties,2016~2022The annual growth rate of the year will reach7.5%The main reason for its growth is its superior performance compared to other resins.

　　Regional Analysis of the Application of 3. Waterborne Coatings

　　1Europe is the largest regional market for waterborne coatings

　　2015In 2010, the European region accounted for nearly the world's use of water-based coatings.40%. It can be expected that the strict environmental regulations for solvent-based coatings will further promote the demand for water-based coatings in this region.

　　2The fastest growing in the Asia-Pacific region

The water-based coatings market in the Asia-Pacific region is expected to be2016~2022years will reach the fastest7.9%of growth. The main factor driving demand growth in the region is the increase in infrastructure projects in India, China and Indonesia. The Asia-Pacific region is expected to be2022It replaced Europe as the largest regional market for water-based coatings.

　　4. Future Trends: Consolidation in the Waterborne Coatings Market

It is expected that the water-based coatings market will be moderately integrated in the future by large multinational companies, including BASF,BergerPaint, Kansai Paint, Axalta Paint System, Nippon Paint,RPMInternational,PPG, AkzoNobel, Valspar, Xuanwei and Digurila, etc.Foshan Wanxia New Material Technology Co., Ltd. focuses on the research and development, production and sales of water-based environmental protection resin based on metal substrate surface protection and decoration. Have the ability to develop new products according to customer requirements; Professional research and development of water-based industrial paint for profit technology: water-based steel structure paint, anti-corrosion paint, anti-rust paint and other customers to do water-based self-drying resin.

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