#waterborne coatings market

[industrynewsupdates]

Top Factors Impacting the Waterborne Coatings Market: Insights and Forecast

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to experience significant growth, with an anticipated compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by the expansion of construction activities worldwide. The rapid industrialization and urbanization taking place across various regions are expected to spur a higher demand for waterborne coatings over the forecast period. Additionally, a shift in the coatings industry towards environmentally friendly alternatives, such as solvent-free coatings with lower emissions, is further boosting the demand for waterborne coatings. These coatings are particularly preferred for both residential and commercial applications, where they are commonly used in interior and exterior wall paint formulations.

Waterborne coatings used in these applications are typically based on acrylate/styrene dispersions. Manufacturers in the market are also working on reducing the binder content in formulations by 8–12% without compromising the overall properties of the coatings, further improving their cost-effectiveness and performance. Alkyd-based waterborne coatings are also gaining popularity, especially among interior decorators, due to their ease of application, glossy finish, and superior ability to adapt to varying climatic conditions during both application and drying.

In the automotive sector, an increase in production capacities, alongside innovations in vehicle design and aesthetics, is expected to continue driving market growth. The rising demand for automobiles, particularly in emerging economies in the Asia Pacific and Latin America regions, fueled by population growth and increasing disposable income, will also contribute to the rising adoption of waterborne coatings in vehicle manufacturing.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Regional Insights

Europe

In 2022, Europe led the global waterborne coatings market, accounting for the largest share of over 38.1% of the total revenue. This dominance can largely be attributed to the presence of several major automobile manufacturers in the region, which contribute significantly to the demand for waterborne coatings in both OEM (original equipment manufacturer) and refinishing applications. Moreover, Europe's increasing consumer preference for luxury goods, including high-end automobiles and residential properties, is expected to further drive the need for high-quality waterborne coatings in the automotive and construction sectors.

Asia Pacific

In the Asia Pacific region, the highest growth in construction spending is anticipated, especially in emerging economies such as China, India, and Indonesia. These countries are seeing significant investments in infrastructure and urban development, which is expected to directly impact the demand for waterborne coatings. As construction activity increases, waterborne coatings are anticipated to capture a larger share of the market, especially in the residential and commercial building sectors, which constitute a major part of the construction market in this region. Countries like Indonesia, Malaysia, Thailand, and Vietnam are also expected to see growing demand for waterborne coatings due to rising construction budgets focused on residential and commercial projects.

Thus, the Asia Pacific region is poised for strong growth, driven by expanding construction activities and an increasing adoption of waterborne coatings in both new builds and renovations.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global ceramic coating market size was valued at USD 11.16 billion in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030.

• The global hydrophobic coating market was valued at USD 2.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030.

Key Companies & Market Share Insights

As the market continues to grow, competition among global companies in the waterborne coatings sector is expected to intensify. This is largely due to rapid innovations from both established players and emerging companies entering the industry. Manufacturers are actively working on expanding and enhancing their product portfolios by innovating and launching new formulations and products. This drive for product development is likely to stimulate further competition, pushing companies to improve their offerings in order to capture a larger share of the growing market.

Some of the prominent players in the global waterborne coatings market include:

• AkzoNobel NV

• BASF SE

• Axalta Coating Systems LLC

• Berger Paints India Ltd.

• Kansai Paint Co.,

• Nippon Paint Holdings Company Ltd.

• PPG Industries Inc.

• RPM International Inc.

• The Sherwin-Williams Company

• The Valspar Corp.

• Tikkurila Oyj

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.

[prismouae]

How to Choose the Right Waterborne Paint for Your Project in UAE Road Beautification

When it comes to road beautification projects in the UAE, selecting the right paint is crucial. With the unique environmental conditions in the region, including extreme heat, dust, and high traffic volume, choosing a durable, eco-friendly, and cost-effective paint solution can make all the difference. Waterborne paints have become increasingly popular in the UAE for road marking and beautification due to their environmental benefits, ease of application, and durability. This guide will help you choose the right waterborne paint manufacturer in UAE for your project while highlighting key factors to consider.

Understanding Waterborne Paints

Waterborne paints, unlike solvent-based options, use water as their primary solvent. This makes them more environmentally friendly, as they emit lower levels of volatile organic compounds (VOCs). These paints are ideal for road projects because they provide a durable and long-lasting solution that stands up well to the harsh climate in the UAE.

Factors to Consider When Choosing Waterborne Paint for UAE Road Projects

1. Durability and Weather Resistance

One of the key factors to consider when choosing waterborne paint is its durability. Given the UAE’s scorching temperatures and exposure to UV rays, the paint you choose must be able to withstand these conditions without fading or deteriorating. Waterborne paint manufacturers in UAE develop products specifically tailored to these weather conditions, ensuring your project lasts longer with minimal maintenance.

2. Environmental Considerations

Sustainability is becoming an essential consideration in modern road beautification projects. Waterborne paints are known for being environmentally friendly because they produce fewer harmful emissions compared to solvent-based paints. This is especially important in the UAE, where maintaining air quality is a key concern. When selecting a waterborne paint supplier in UAE, ensure they offer eco-friendly options that meet international standards.

3. Fast Drying Time

For road beautification projects, fast-drying paint is essential to minimize traffic disruption. Waterborne paints have the advantage of quicker drying times compared to other types of paint, which allows roads to be reopened to traffic sooner. This factor is especially important for large-scale urban projects where reducing downtime is a priority.

4. Adhesion to Various Surfaces

Road surfaces can vary significantly, and the paint you choose must adhere well to a variety of materials such as asphalt, concrete, and stone. Water-based paint manufacturers in UAE offer products specifically designed to adhere to the different surfaces found in UAE roadways. This ensures that the paint remains vibrant and intact, even in high-traffic areas.

5. Compliance with UAE Regulations

Regulations around road safety and environmental sustainability are stringent in the UAE. It’s important to select paints that comply with these regulations to avoid fines or having to reapply the paint prematurely. A reputable waterborne paint manufacturer in UAE will be knowledgeable about these standards and will provide products that are compliant with local guidelines.

Choosing the Right Waterborne Paint Manufacturer in UAE

With several manufacturers and suppliers in the UAE, it’s essential to choose the right one for your specific needs. Here are a few things to look for when selecting the best waterborne paint supplier in UAE for your road beautification project.

1. Experience and Expertise

When choosing a waterborne paint manufacturer in UAE, opt for a company with proven experience in delivering high-quality paints for road projects. Manufacturers who specialize in waterborne paint understand the unique requirements of UAE’s climate and road conditions.

2. Customization Options

Not all road beautification projects are the same. You may need specific colors, finishes, or formulations that are suited to your project. Leading water-based paint manufacturers in UAE offer customization options to ensure the paint meets your project’s specific needs.

3. Quality Control and Testing

Ensure the manufacturer you choose has stringent quality control measures in place. This ensures that the waterborne paint you use is reliable and meets both performance and safety standards. Ask the manufacturer about their testing processes and request product certifications to ensure the quality of the paint you’re considering.

4. Customer Support and After-Sales Service

Working with a manufacturer that offers excellent customer support is crucial for large-scale projects. From helping you choose the right paint to providing guidance on application, a dedicated support team can make the process easier. After-sales service, including assistance with troubleshooting or maintenance, is also a key consideration.

How Prismo Can Help with Your Waterborne Paint Needs

When it comes to high-quality waterborne paints in the UAE, Prismo stands out as a leading provider. Offering comprehensive solutions for road beautification, Prismo supplies durable, environmentally friendly waterborne paints that are ideal for the unique conditions in the UAE. Whether you need road marking paints or custom formulations for a specific project, Prismo provides tailored solutions to meet your needs.

Why Choose Prismo for Your Road Beautification Project?

Expertise in Waterborne Paint Solutions: With years of experience in the industry, Prismo has built a reputation as a reliable waterborne paint manufacturer in UAE. Their products are engineered for performance and longevity, even in the harshest conditions.

Environmentally Friendly Products: Prismo takes sustainability seriously. Their waterborne paints are low-VOC, making them a great choice for projects where environmental impact is a concern.

Customization and Innovation: Prismo offers a wide range of customization options, ensuring that your project is equipped with the right paint for the job. Their innovative approach ensures you’re always getting the latest in paint technology.

Compliance and Quality Assurance: All of Prismo’s products are fully compliant with UAE’s road safety and environmental regulations, ensuring a seamless application process and long-lasting results.

By choosing Prismo for your road beautification project, you’re not only investing in high-quality paints but also in a reliable partnership that ensures your project is completed on time and to the highest standards.

Steps to Properly Apply Waterborne Paint for Road Beautification

Once you’ve chosen the right waterborne paint supplier in UAE, it’s essential to ensure proper application to maximize the paint’s lifespan and effectiveness.

1. Surface Preparation

Make sure the surface is clean and free of debris. This will ensure the paint adheres properly and lasts longer.

2. Weather Conditions

Apply the paint in appropriate weather conditions. Avoid extreme heat or rain, as this can affect the drying process.

3. Use Proper Equipment

Use high-quality equipment designed for waterborne paints. This will ensure an even application and prevent unnecessary wastage.

4. Follow Manufacturer’s Instructions

Always follow the application guidelines provided by your waterborne paint manufacturer. This ensures that the paint performs to its best potential and adheres well to the surface.

Conclusion

Choosing the right waterborne paint for your road beautification project in the UAE requires careful consideration of durability, environmental impact, drying time, and compliance with local regulations. Working with a reputable waterborne paint manufacturer in UAE like Prismo can ensure that you get the best products for your project. With a focus on quality, sustainability, and customer satisfaction, Prismo provides tailored solutions that meet the specific needs of UAE’s diverse road beautification projects.

FAQs

What are the advantages of using waterborne paint for road projects in the UAE? Waterborne paints are environmentally friendly, durable, and dry quickly, making them ideal for the UAE’s unique weather conditions.

How long does waterborne paint last on road surfaces? With proper application and maintenance, waterborne paints can last several years, even in high-traffic areas.

What makes Prismo a leading waterborne paint supplier in UAE? Prismo’s expertise in waterborne paint technology, eco-friendly products, and exceptional customer support make them a top choice for road beautification projects.

Is waterborne paint suitable for all types of road surfaces? Yes, waterborne paints are versatile and adhere well to a variety of road surfaces including asphalt and concrete.

How do I ensure proper application of waterborne paint? Following surface preparation guidelines, using the right equipment, and applying in appropriate weather conditions are key to ensuring proper application.

[univdatosmarket]

The global Waterborne Coatings market was stood around USD 70 billion and is expected to showcase growth of around 5% during the forecast period (2021-2027). 

[padmavarma]

Waterborne Coatings Market Overview

The Waterborne Coatings Market size is projected to reach US$112.8 billion by 2027, after growing at a CAGR of 5.9% during the forecast period 2022-2027. Waterborne Coatings are generally preferred over other conventional ones since these contain close to 80% water content, which makes them environmentally friendly. Waterborne coatings are often employed in the building & construction and automotive industry, which is supporting the Waterborne Coatings industry's growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automotive production increased from 77,621,582 units in 2020 to 80,145,988 units in 2021. The rapid growth of the building & construction and automotive industry has increased the demand for environmentally friendly waterborne coatings, which fuels the market growth. Several end-use industries in the Waterborne Coatings industry suffered negative effects as a result of the novel coronavirus pandemic, which had a direct impact on the Waterborne Coatings Market size in the year 2020.

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Waterborne Coatings Market Report Coverage

The “Waterborne Coatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Waterborne Coatings industry.

By Resin Type: Acrylic, Epoxy, Polyester, Polyurethane, Vinyl Acetate, Alkyd, Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylidene Chloride and Others. By End-use Industry: Aerospace (Commercial Aircrafts, Military Aircrafts and Others), Automotive [Passenger Vehicles (PVs), Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs)], Marine (Cargo, Passenger and Others), Locomotive (Electric and Diesel), Building and Construction (Residential, Commercial, Industrial and Infrastructural), Paper & Pulp, Packaging, Wood & Furniture and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa)

[chemicalresearchupdates]

Waterborne Automobile Coatings Market: Evaluating the Influence of Electric Vehicles on Coating Preferences

Waterborne automobile coatings provide corrosion resistance and protect vehicles from harsh environmental conditions. They offer superior quality finish, durability and are environment friendly as they contain low or no volatile organic compounds (VOCs). The growing environmental regulations regarding VOC emissions have increased the demand for waterborne automobile coatings.

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 Opportunity: The opportunity for environment friendly solutions is driving the growth of the waterborne automobile coatings market. Strict regulations imposed by various governments and regulatory bodies worldwide have compelled automobile manufacturers to adopt eco-friendly products in their production processes. Waterborne coatings released lesser VOCs in the atmosphere as compared to solvent borne coatings. They are capable of meeting stringent environmental norms pertaining to VOC emissions. Additionally, waterborne coatings do not emit toxic fumes and hence provide a safer work environment for paint shop workers. Thus, the growing emphasis on developing sustainable and eco-friendly coating technologies will boost the demand for waterborne automobile coatings during the forecast period. Porter's Analysis Threat of new entrants: Low as it requires huge capital investment for R&D and manufacturing facilities.

Bargaining power of buyers: Moderate as some key automotive OEM buyers have bargaining power due to their large purchase volumes.

Bargaining power of suppliers: High as suppliers of raw materials such as resins and polymers have capability to influence prices.

Threat of new substitutes: Moderate threat from substitute coating technologies such as powder and UV-cured coatings.

Competitive rivalry: Intense as key players compete on pricing, new product development and customer service. SWOT Analysis Strengths: Environment-friendly and adhere to stringent emission norms. Provide superior corrosion protection and aesthetic appearance.

Weaknesses: High production costs. Vulnerable to fluctuations in raw material prices.

Opportunities: Increasing vehicle manufacturing and emphasis on eco-friendly coatings in emerging economies.

Threats: Stringent environmental regulations raise compliance costs. Shift towards powder and UV-cured coatings. Key Takeaways The global waterborne automobile coatings market is expected to witness high growth over the forecast period of 2023 to 2030. 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.

Asia Pacific region currently dominates the market owing to presence of major automobile manufacturing hubs in China, India, Japan and South Korea. China is the largest producer and consumer of automobiles globally. The region is estimated to maintain its dominance during the forecast period with growing automotive sector in developing nations. Key players operating in the waterborne automobile coatings market are 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. Strategic partnerships and new product innovations are among the key strategies adopted by major players to gain competitive edge in the market.  

[aishavass]

The rapid urbanization and improving economic conditions provide significant demand in the waterborne coatings market growth...

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Key Trends Driving the Growth of the Waterborne Coatings Market

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by the expanding construction sector worldwide. As industrialization and urbanization continue to accelerate, there is a notable increase in construction activities, which is expected to significantly boost the demand for waterborne coatings during the forecast period. One key factor contributing to this surge in demand is the ongoing shift in the coatings industry from using low- or high-volatility organic solvents to fully solvent-free formulations, which have lower emissions and are considered more environmentally friendly. This trend is anticipated to benefit waterborne coatings, especially in both residential and commercial applications, where they are commonly used in interior and exterior wall paint formulations.

Additionally, waterborne coatings are gaining traction in the automotive sector, driven by increasing demand from automobile applications. To meet this demand, coating manufacturers are investing in research and development to reduce manufacturing costs, which in turn is expected to lower the price of waterborne coatings. This shift is also being encouraged by regulations that require automobile manufacturers and refinishing companies to move from solvent-borne coatings to waterborne systems, which contain significantly fewer volatile organic compounds (VOCs). While conventional solvent-borne coatings typically contain about 84% VOC content and 16% solids, waterborne coatings consist of about 70% water, 20% solids, and 10% solvent, making them less harmful to human health. The adoption of waterborne coatings in the automotive sector is expected to be a significant driver of market demand over the next several years.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Application Insights

In 2022, the architectural application segment dominated the market, accounting for 87.1% of total revenue. Waterborne coatings play a crucial role in architectural coatings, with their share expected to grow substantially over the next 7 to 10 years, largely driven by stricter regulations on VOC emissions. Increased construction spending in emerging economies, particularly in the Asia Pacific, Latin America, and Middle East regions, is likely to fuel further growth in this segment. As income levels rise in these regions, the demand for waterborne coatings in architectural applications, including residential, commercial, and institutional buildings, will continue to rise.

Additionally, the increasing use of acrylic-based coatings in industrial applications is expected to further propel market growth. The development of new products, such as insulation and sound-damping coatings, is also likely to create lucrative opportunities for industry players in the architectural and industrial segments.

In general industries, waterborne coatings are gaining popularity due to their beneficial properties, such as excellent resistance to ultraviolet (UV) light, toughness, flexibility, and overall durability. These attributes are expected to drive further market expansion in the coming years. Waterborne coatings are also in demand in the food and beverage industry, particularly for metal packaging applications such as beverage cans and canned food products. Changing consumer habits, coupled with a busier lifestyle, are increasing the demand for packaged foods, which in turn is expected to drive the need for waterborne coatings in food and beverage packaging over the next seven years.

Overall, the growing focus on environmental sustainability, along with the expanding applications of waterborne coatings across multiple sectors—including construction, automotive, and food & beverage packaging—is expected to support significant market growth through 2030.

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.

[pearlsmith25]

Revolutionizing Vehicle Protection: Waterborne Automobile Coatings Market Overview

The waterborne automobile coatings market has witnessed significant growth in recent years due to the increasing demand for environmentally friendly and sustainable coatings in the automotive industry. Waterborne coatings offer various advantages over traditional solvent-based coatings, such as lower VOC emissions, reduced environmental impact, and improved worker safety. This article provides a comprehensive overview of the waterborne automobile coatings market, including its current status, key drivers and challenges, market segmentation, and future prospects.

Market Overview:

The waterborne automobile coatings market refers to the market for coatings that are used to protect and enhance the appearance of automotive vehicles, such as cars, trucks, and motorcycles. These coatings are water-based and consist of resins, pigments, additives, and water as the primary solvent. Waterborne coatings have gained popularity in the automotive industry due to their superior performance, ease of application, and compliance with stringent environmental regulations.

Market Drivers:

Several factors are driving the growth of the waterborne automobile coatings market:

a. Environmental Regulations: Increasingly stringent regulations regarding volatile organic compound (VOC) emissions have compelled automotive manufacturers to shift towards eco-friendly coating solutions, boosting the demand for waterborne coatings.

b. Sustainability Initiatives: Rising awareness about environmental sustainability among consumers has led to a growing preference for waterborne coatings, as they offer reduced emissions and a lower carbon footprint compared to solvent-based coatings.

c. Performance and Quality: Waterborne coatings have evolved significantly in terms of performance and quality, providing excellent durability, corrosion resistance, and aesthetic appeal to automotive finishes.

d. Technological Advancements: Ongoing research and development efforts have resulted in the development of advanced waterborne coating formulations, leading to improved properties and increased adoption in the automotive industry.

Market Segmentation:

The waterborne automobile coatings market can be segmented based on the type of coating, layer, vehicle type, and region:

a. By Type of Coating:

Basecoat: Provides color and aesthetic appeal. Primer: Ensures adhesion and corrosion protection. Clearcoat: Offers gloss and protection against UV radiation. Electrocoat: Used for electrodeposition of coatings.

b. By Layer:

Single-layer Waterborne Coatings: Consist of a single coating layer. Multi-layer Waterborne Coatings: Comprise multiple coating layers, including basecoat, primer, and clearcoat.

c. By Vehicle Type:

Passenger Cars: Includes sedans, hatchbacks, SUVs, and other personal vehicles. Commercial Vehicles: Encompasses trucks, buses, and other commercial transportation vehicles. Two-Wheelers: Includes motorcycles, scooters, and bicycles.

d. By Region:

North America Europe Asia Pacific Latin America Middle East and Africa Market Challenges:

Despite the positive growth trajectory, the waterborne automobile coatings market faces some challenges:

a. High Cost: Waterborne coatings often have higher initial costs compared to solvent-based coatings due to the use of advanced technologies and raw materials.

b. Limited Application Techniques: Waterborne coatings require specific application techniques, such as electrostatic spraying or airless spraying, which may necessitate investment in equipment and training.

c. Drying Time: Waterborne coatings typically have longer drying times compared to solvent-based coatings, which can impact production efficiency.

Future Prospects:

The future of the waterborne automobile coatings market looks promising:

a. Increasing Adoption: As environmental regulations become more stringent worldwide, the adoption of waterborne coatings in the automotive industry is expected to rise significantly.

b. Research and Development: Continued research and development efforts are likely to result in the development of innovative waterborne coating technologies, enhancing their performance, durability, and application properties.

c. Emerging Markets: Rapid urbanization, increasing disposable incomes, and the growth of the automotive sector in emerging markets such as China, India, and Brazil present significant growth opportunities for waterborne automobile coatings.

d. Collaboration and Partnerships: Collaboration between coating manufacturers, automotive OEMs, and research institutes can drive technological advancements and facilitate market expansion.

Conclusion:

The waterborne automobile coatings market is experiencing robust growth, driven by stringent environmental regulations, sustainability initiatives, and technological advancements. With increasing consumer awareness and the automotive industry's focus on eco-friendly solutions, the demand for waterborne coatings is expected to witness sustained growth. However, challenges such as higher costs and longer drying times need to be addressed to ensure wider adoption. Continued research and development, along with collaborations, can pave the way for innovative solutions and expanded market opportunities in the future.

[chemicalsindustry]

Photoinitiator Market Industry Leaders Size & Share Outlook & New Revenue Pockets

Growing applications and environmental restrictions on VOCs to drive the acceptance of photoinitiators in the market

The global photoinitiators market size was USD 1.6 billion in 2021 and is expected to reach USD 2.6 billion by 2026, projecting a CAGR of 10.3% between 2021 and 2026. photoinitiators are increasingly used in the adhesive, ink, coating and other end-use industries. The increasing demand of coating industry drives the demand for photoinitiators. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for photoinitiators. Due to the lockdown scenario in most of the world, the demand for photoinitiators from adhesive, coating, ink and other industries have declined sharply in 2020.

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As the world is getting ready to open up its economies and reduce restrictions from June 2021, the market will take an upward turn. The photoinitiators market is expected to witness high growth in 2021 owing to increasing applications, technological advancements, and growing demand in APAC. Photoinitiators are largely used in the coating applications by the wood, furniture, and architectural end-use industries apart from adhesive and printing ink industries. This market growth is backed by growing environmental concerns and increasingly stringent regulations.

The increasing number of restrictions on VOCs across the globe is pushing the industry to search for an alternative. Photoinitiators proved to be a safer and economical substitute. It enhances the surface finish as well as the shelf life of the product. Photoinitiators have been developed so that they are safe even for use in the dental industry. Many food safety compatible photoinitiators are also developed. All these photoinitiators are eco-friendly and have virtually no impact on human health.

UV curable resins market has developed high growth prospects in 3D printing, digital printing, packaging, barrier films, and printed circuit applications. Automotive, architecture, medical, and several other industries are using 3D printing solutions to improve their design and manufacturing strategies. The 3D printing technology is expected to advance further in printers and printing methods, materials used in 3D printing, and software for designing and printing. All this directly affects the demand of the photoinitiators market.

Photoinitiators are the key to innovation in coatings, which have influenced the major trends in the coatings industry. The coating industry is largely influenced by stringent regulations set by authorities, including the European Union (EU), for reducing the VOC content from coatings, adhesives and inks. Consequently, the demand has shifted from solvent-borne UV to environmentally friendly products, such as waterborne UV using photoinitiators.

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The demand for waterborne photoinitiators has witnessed substantial growth in the past five years owing to rapid technological developments. In addition to eliminating solvent emissions, photoinitiator-based UV curing formulations provide improved mechanical characteristics, and increased production efficiency, particularly, in the spray application. These benefits encourage end users to adopt photoinitiator-based UV technology for new applications.

[chemicalresearchupdates]

Navigating Environmental Regulations: Waterborne Automobile Coatings Market Challenges and Strategies

The 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 water-based paint formulations used to coat both exterior and interior automobile parts and components. They offer superior finish, aesthetics and protection from environmental factors. The low volatile organic compound content of waterborne coatings make them an environment-friendly and sustainable alternative to solvent-borne coatings. Market key trends:

Stringent environmental regulations regarding VOC emissions from coatings are expected to be a major driver for the waterborne automobile coatings market over the forecast period. Governments across regions are imposing strict norms on VOC content in automobile coatings to curb air pollution. For instance, REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), a EU regulation restricts the VOC content in automobile coatings to 130 grams per liter. Such stringent regulations are anticipated to boost the adoption of waterborne coatings among automakers as they contain 70-90% water thereby emitting near-zero VOCs. The trend towards sustainable and eco-friendly coating solutions is further projected to propel the demand for waterborne automobile coatings between 2023 and 2030. Porter's Analysis Threat of new entrants: Low cost of entry and availability of raw materials pose moderate threats of new entrants in the market. Bargaining power of buyers: Large automobile manufacturers have significant bargaining power over suppliers due to their bulk purchase volumes. Bargaining power of suppliers: Suppliers of raw materials like resins have moderate bargaining power due to availability of substitutes. Threat of new substitutes: Eco-friendly and low-VOC coatings are emerging as substitutes but have not achieved widespread acceptance yet. Competitive rivalry: Intense competition among existing players to capture more market share. SWOT Analysis

Strengths: Waterborne coatings provide superior performance, durability and are eco-friendly.

Weaknesses: Higher production costs compared to solvent-borne coatings.

Opportunities: Increasing regulations on VOC emissions are driving demand.

Threats: Economic slowdowns can negatively impact automobile production volumes.

Key Takeaways

The global Waterborne Automobile Coatings Market is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing environmental regulations regarding VOC emissions. Asia Pacific dominates the market with over 50% share due to the large presence of automobile manufacturers in countries like China and India. Regional demand is expected to grow the fastest in Asia Pacific at a CAGR of over 6% during the forecast period. Key players operating in the Waterborne Automobile Coatings market are 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.