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Showing posts with the label Waterborne Automobile Coatings Market Growth

The Waterborne Automobile Coatings Market Expected to Flourish by Growing Demand for Eco-friendly Products

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  Waterborne automobile coatings are composed of resins that are dispersed or dissolved in water and provide protection and decoration to vehicle bodies. They offer benefits such as excellent durability and corrosion resistance along with low VOCs that help reduce air pollution. Waterborne coatings also enable faster production cycles due to their quick drying properties. The global Waterborne Automobile Coatings Market is estimated to be valued at US$ 86.39 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the waterborne automobile coatings market is the wide range of benefits offered compared to solvent-borne coatings. Waterborne coatings produce high-quality finishes and protect vehicles from corrosion, damage, and fading when exposed to sunlight, rain, snow. They contain very low or no VOCs and produce neg...

Water-Based Automotive Coatings Segment is fastest growing segment fueling the growth of the Waterborne Automobile Coatings Market

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  The global Waterborne Automobile Coatings Market is estimated to be valued at US$ 86.39 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Waterborne automobile coatings are environment-friendly coatings used for protection and decoration of automobiles. They offer advantages like low VOC emissions, corrosion resistance and hardness. Growing environmental concerns are increasing the demand for waterborne coatings. Market key trends: Stringent environmental regulations regarding VOCs emissions from coatings is a major driver of  waterborne automobile coatings market  growth. VOCs released from solvent-borne coatings are hazardous air pollutants. Their use is being restricted through regulations like REACH in Europe. Waterborne coatings produce 80-90% lower VOC and HAP emissions compared to solvent-borne ones. Thus, manufacturers are shifting fro...

Waterborne Automobile Coatings Market [2023-2030] | Explore the Future Growth Opportunities of the Market

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  Waterborne Automobile Coatings Market The  waterborne automobile coatings market  refers to the use of water-based paints and coatings for automobiles. These coatings are eco-friendly, as they emit fewer volatile organic compounds (VOCs) compared to traditional solvent-based coatings. The waterborne automobile coatings market is growing, as consumers are becoming more environmentally conscious and demand eco-friendly products. In addition, stringent environmental regulations and the push towards reducing greenhouse gas emissions are driving the growth of the market. Key players in the waterborne automobile coatings market include Akzo Nobel N.V., BASF SE, Axalta Coating Systems, Berger Paints India Limited, Nippon Paint Company Limited, Kansai Paint Company Limited, PPG Industries Inc., Williams-Hayward Protective Coatings Inc., Tikkurila Oyj, The Valspar Corporation, RPM International Inc., and The Sherwin Williams Company . These companies are investing in research an...