New market study on polyester water-borne coatings
Experts estimate the market for polyester water-based coatings to expand over 900 million euros in revenues by 2024.
Water-borne coatings market share is anticipated to witness remarkable growth in the forthcoming years owing to the increase in demand for eco-friendly products possessing less VOC and HAP content, to mitigate harmful effects on the surroundings. Increasing awareness amongst the people regarding climatic changes and the depletion of natural resources is propelling the adoption of water-borne coatings as they are environment-friendly products that carry less risk to humans as well as nature.
Strong resistance to heat and abrasion, superior adhesion, reduction in air emissions, low toxicity and flammability are some of the vital features of water-borne coatings steering product penetration globally.
Increasing preference in architectural techniques
In terms of application, increasing preference of the product in architectural techniques owing to ease of application, excellent adhesion and the need to comply with the green building standards is further augmenting global water-borne coatings industry trends. Rise in disposable income among the people leading to improved standards of living is driving the requirement for interior designing and remodeling activities, in both residential and commercial construction.
The study is available via the website of Global Market Insights.
