Coating industry:

Research Institute Zion Market Research released the latest research report shows that the global market for water-based coatings in 2015 was $58 billion 390 million in 2021 will reach $78 billion 240 million, an annual compound growth rate of 5%.

Waterborne coatings are widely used in the field of automobile coating. All the automobile manufacturers are concerned about the technology of coating water and realize its importance, moreover, the water-borne coating technology in the field of rapid development.

As we all know, water based paint is used as solvent, which has the characteristics of environmental protection, easy construction, heat resistance and wear resistance.

Although there are some limitations in the performance of waterborne coatings, but because of strict regulation and supervision, and people's awareness of the environmental risk of solvent based coatings, the momentum of development is strong, moreover, environmentally friendly waterborne coatings are becoming more and more developed, and applied to the downstream industries, including construction, shipbuilding industry, furniture manufacturing, automobile industry etc.

Water based coatings can be divided into the following categories: acrylic paint, polyester coating, alkyd coatings, epoxy coatings, polyurethane coatings, PTFE coatings, PVDF coatings, PVDC coatings, etc. Among them, acrylic resin in the application of water-based coatings, accounting for 80% of the entire water-based coatings (2015 data), and its cost is relatively low, the application is very extensive. According to the application of waterborne coatings can be subdivided into: architectural coatings, automotive coatings, industrial coatings, protective coatings, wood coatings, marine coatings, packaging coatings, coil coatings etc. Among them, the highest proportion of applications in the field of construction, about 85% (2015 data show). Analysis pointed out that in the next few years, the development of waterborne coatings in the automotive industry in developing countries and regions fastest.

The study pointed out that in 2015 the Asia Pacific region is the largest market for water-based coatings, by North America and Western Europe, and this trend will continue in the next few years. In terms of the Asia Pacific region, mainly by India, China, Indonesia and other countries to stimulate the construction of increasingly prosperous infrastructure, water paint market potential. It is worth noting that, in some countries, such as the United States, China, Germany and other factors due to increased domestic demand, rising income levels, resource rich and easy to drive and other factors, and gradually become the world's major regional market for water-based coatings.