Global Acrylic Based
Waterborne Coatings Market is expected to grow at a significant CAGR in the
estimated period. Acrylic Based Waterborne Coatings is also called as
environmental friendly coating used for surfacing of materials which uses water
as a solvent medium. Resins used for this type of coating are water soluble
resins such as copolymers, styrene, butadiene, acrylics and alkyds. It releases
volatile organic compounds since water is the major component for this type of
coating. It offers environmental advantages such as resistance towards abrasion
and heat, adhesion, minimal inflammability and low amount of coating to cover a
specific surface area in comparison with solvent borne coatings.
Waterborne acrylic coatings
are extensively used in various verticals such as buildings & construction,
automotive, packaging and woodworking. Overall, with the extensive use of
acrylic based waterborne coatings in different sectors for various purposes, the
acrylic based waterborne coatings market is expected to grow at a significant
CAGR.
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Commercial driving factors for
the growth of acrylic based waterborne coatings market include rise in
construction activities and development of advanced infrastructure. Also, the
inclination of end-user industries towards acrylic based waterborne coatings
contribute to the acrylic based waterborne coatings market growth in the
prescribed period and is expected to continue in the forthcoming years.
Based on segmentation by
application, the acrylic based waterborne coatings market includes
architectural wood, automotive, OEM, metal packaging and protective coatings.
Construction material dominates the global market in the forthcoming period.
Based on segmentation by end-user, the acrylic based waterborne coatings market
includes woodworking, packaging and general industries and automotive.
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