Waterborne Coatings Market 2024 Key Players BASF, Berger Paints, PPG Industries, Sherwin Williams, Valspar, Axalta, and Nippon Paint
waterborne coatings market witnessed the launch of a green, scalable, and renewable dihydroxy acid from sunflower oil that can be used in the production of waterborne polyurethanes, which would extensively be used for coatings.
(EMAILWIRE.COM, August 20, 2018 ) The growing environmental concerns about the hazardous impact of volatile organic compounds on the environment can also be credited for the ongoing Waterborne Coatings Market trends, given that these coatings help reduce VOC content. In this regard, leading chemical manufacturers are developing innovative technologies to comply with regulatory norms for curbing VOC content in the environment.
For instance, Dow has recently developed a new Acrylic-Binder Technology, AVANSE™, which emits lesser VOC and can be used for various industrial applications such as protective coatings, masonry, and metal finishing. This initiative, it is believed, will encourage the key participants in waterborne coatings industry to innovate new effective and effective technologies, thereby propelling the business expansion.
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Waterborne Coatings Market has been gaining mass popularity in recent times, pertaining to the increasing product deployment in several painting applications, driven by their easy usage and quick curing process. Having recognized the potential advantages of these coatings, the renowned biggies in waterborne coatings industry are investing heavily to bring about substantial enhancements in their product portfolio.
For instance, the joint venture between Huayi Chemical Ltd and BASF has made an investment of USD 164 million to establish a new automotive coatings facility in China, focusing on the growing automotive sector across Asia Pacific region. In fact, BASF reported that Asia Pacific region is individually responsible for more than 52% global production of automobiles, owing to which BASF and Huayi Chemicals are jointly planning to manufacture primers, thinners, waterborne and solvent-borne coatings, which will favorably augment the regional waterborne coatings industry share over the years ahead.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1708
Given the ongoing trends of environmental safety, many researchers are working continuously to use organic and eco-friendly raw materials from natural resources to manufacture waterborne coatings. For instance, recently, waterborne coatings market witnessed the launch of a green, scalable, and renewable dihydroxy acid from sunflower oil that can be used in the production of waterborne polyurethanes, which would extensively be used for coatings.
The growing investment in R&D activities to evaluate organic and eco-friendly raw materials is thus slated to generate lucrative opportunities for giants in waterborne coatings industry over the years ahead. Global Market Insights, Inc., estimates that waterborne coatings market will amass revenue of more than USD 95 billion by the end of 2024.
For instance, Dow has recently developed a new Acrylic-Binder Technology, AVANSE™, which emits lesser VOC and can be used for various industrial applications such as protective coatings, masonry, and metal finishing. This initiative, it is believed, will encourage the key participants in waterborne coatings industry to innovate new effective and effective technologies, thereby propelling the business expansion.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1708
Waterborne Coatings Market has been gaining mass popularity in recent times, pertaining to the increasing product deployment in several painting applications, driven by their easy usage and quick curing process. Having recognized the potential advantages of these coatings, the renowned biggies in waterborne coatings industry are investing heavily to bring about substantial enhancements in their product portfolio.
For instance, the joint venture between Huayi Chemical Ltd and BASF has made an investment of USD 164 million to establish a new automotive coatings facility in China, focusing on the growing automotive sector across Asia Pacific region. In fact, BASF reported that Asia Pacific region is individually responsible for more than 52% global production of automobiles, owing to which BASF and Huayi Chemicals are jointly planning to manufacture primers, thinners, waterborne and solvent-borne coatings, which will favorably augment the regional waterborne coatings industry share over the years ahead.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1708
Given the ongoing trends of environmental safety, many researchers are working continuously to use organic and eco-friendly raw materials from natural resources to manufacture waterborne coatings. For instance, recently, waterborne coatings market witnessed the launch of a green, scalable, and renewable dihydroxy acid from sunflower oil that can be used in the production of waterborne polyurethanes, which would extensively be used for coatings.
The growing investment in R&D activities to evaluate organic and eco-friendly raw materials is thus slated to generate lucrative opportunities for giants in waterborne coatings industry over the years ahead. Global Market Insights, Inc., estimates that waterborne coatings market will amass revenue of more than USD 95 billion by the end of 2024.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results