Technavio, an independent tech-focused global research firm, has published a report on the Global Waterborne Coatings Market 2015-2019, which is expected to grow at a CAGR of 3.34 percent during the forecast period of 2014-2019.

“Nowadays, governments are focusing more on the health concerns of people, which has forced vendors to introduce PU-based coatings that have less impact on the environment,” said Faisal Ghaus, Vice President of TechNavio. “These coatings have many properties such as protection from severe stone damage, high electrical insulation, vibration-resistance, noise reduction and anti-corrosive properties, therefore creating a huge demand for PU-based coatings worldwide.”

Key Market Drivers

• Stringent Government Regulations
• Properties
• Increase in Consumer Preference for Eco-friendly Products

Key Market Trends

• Advances in Technology
• Usage of PU-based Coatings
• Application of Dehumidification Systems

Key Market Vendors

• Akzo Nobel
• Asian Paints
• Nippon Mektron
• PPG Industries
• Sherwin-Williams
• Valspar

To define the market circumstances in the next three to four years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.