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The Market Share Of Waterborne Coatings Will Catch Up With Solvent Based Coatings

- Oct 27, 2018 -

tings.

In recent years, with the serious shortage of available resources, people continue to tap renewable resources, environmental awareness has been constantly improved, the corresponding coating industry has gradually developed to the direction of environmental protection and resource saving. Solvent coatings have always been the majority of the protective and professional coatings market.

In recent years, with the serious shortage of available resources, people continue to tap renewable resources, environmental awareness has been constantly improved, the corresponding coating industry has gradually developed to the direction of environmental protection and resource saving. Solvent coatings have always been the majority of the protective and professional coatings market. However, market concerns about policy regulation continue to affect protective and professional markets. As the market turns to water-based, high-solid and other low VOC or zero VOC coatings, the market share of solvent-based coatings will continue to lose. Studies have shown that by 2020, the market share of waterborne coatings will catch up with solvent based coatings.

By 2020, the demand for protective and professional waterborne coatings is expected to grow to 85 million gallons, an annual growth rate of 2.5%, which will completely replace the dominant market position of solvent-based coatings. The automotive repairing paint market was originally the main application field of solvent-based coatings, and now it has gradually approached the water-based coatings, which has important significance for the development of water-based coatings. At the same time, due to the advantages of good color matching and fast drying, the end users of automotive repairing paint are also more and more preference for water-based paint.

In addition, as a result of various international treaties and U. S. laws and regulations on the emission control of harmful substances from marine coatings become more stringent, waterborne coatings in the field of protective ship coatings also won a place. Waterborne paints have good adhesion to the main substrates on the market, such as iron, and have better weather resistance and chemical resistance.

From the perspective of market prospects, solvent-based coatings will gradually withdraw from the stage in the future, and water-based coatings will occupy half of the protective and professional coatings market, leading the coatings industry to the road of recycling and environmental protection.