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