Global waterborne coatings consumption will exceed 32 million tons in 2020

All over the worldWater-based paintDemand continues to grow, most of which is driven by environmental protection policies. At the same time, more and more customers are calling for more attractive environmental solutions.

According to data obtained by Grand View Research (GVR),coatingThe total system market is 20.55 million tons. According to Markets and Markets and Zion Market Research (ZMR) market surveys, global waterborne coatings sales were less than 54 billion euros in 2015

Consumption is expected to exceed 32 million tons by 2020

With market researchers' forecasts unanimously indicating further growth, the market outlook for waterborne coatings looks good. Markets and Markets (MaM) is expected to grow at an average annual rate of 5% by 2020, and global waterborne coatings sales will exceed 67 billion euros; ZMR is expected to grow at an average annual rate of 5% by 2021, and global waterborne coatings sales will rise to more than 70 billion euros GVR researchers expect an average annual growth of 6% by 2022, and consumption will reach 32.71 million tons. The data provided by the three market research institutions tend to be consistent, and it is estimated that by 2020, the global consumption of water-based coatings will exceed 32 million tons.

Water-based architectural decorative coatings dominate

Nearly 54 billion euros in water-based coatingspaint和Coatings marketWith a share of more than 40%, it is currently estimated to exceed 126 billion euros. Among them, architectural decorative coatings account for most of the market share of water-based coatings. At present, water-based architectural decorative coatings account for about 84% of all architectural decorative coatings worldwide. Specific numbers vary by region, for example, market penetration is higher than this average in Europe and North America. But it is lower in Asia Pacific and South America. This in turn means that water-based coatings still have great potential for development in these areas.

It can also be seen from this data that the water-based coating of architectural decorative coatings has been basically completed. And with the increasing implementation of laws and regulations regarding VOC content, customers will increase demand for water-based coatings, although water-based coatings are not technically superior to solvent-based coatings in all application areas. In particular, investments in infrastructure and other construction activities in Asia Pacific and the Middle East will drive future demand for water-based coatings.

在Industrial coatingsLow usage

But in the field of industrial coatings, the share of water-based coatings is much lower than that of architectural decorative coatings. In the field of industrial maintenance and anticorrosion, the application of water-based coatings accounts for only one third, and this share will only grow very slightly in the next few years. The number of marine coatings is also very low. In the general industrial coatings business, their share is about 10%, and it is almost impossible to change in the next few years. Overall, water-based coatings account for only 7% of total industrial coatings. Some research institutions predict that this ratio may double in the next three to four years.

GVRLook at automotive OEM coatings as another growth area. At present, water-based coatings account forAutomotive coatingsHalf of the market. GVR's market researchers believe that water-based automotive coatings are the fastest growing area and believe that by 2022, the average annual growth rate will reach 8.1%. Although this growth rate may sound a little too optimistic, the trend may be correct. MaM also points to the huge growth potential of the automotive industry in the future.

All over the worldWater-based paintDemand continues to grow, most of which is driven by environmental protection policies. At the same time, more and more customers are calling for more attractive environmental solutions.

According to data obtained by Grand View Research (GVR),coatingThe total system market is 20.55 million tons. According to Markets and Markets and Zion Market Research (ZMR) market surveys, global waterborne coatings sales were less than 54 billion euros in 2015

Consumption is expected to exceed 32 million tons by 2020

With market researchers' forecasts unanimously indicating further growth, the market outlook for waterborne coatings looks good. Markets and Markets (MaM) is expected to grow at an average annual rate of 5% by 2020, and global waterborne coatings sales will exceed 67 billion euros; ZMR is expected to grow at an average annual rate of 5% by 2021, and global waterborne coatings sales will rise to more than 70 billion euros GVR researchers expect an average annual growth of 6% by 2022, and consumption will reach 32.71 million tons. The data provided by the three market research institutions tend to be consistent, and it is estimated that by 2020, the global consumption of water-based coatings will exceed 32 million tons.

Water-based architectural decorative coatings dominate

Nearly 54 billion euros in water-based coatingspaint和Coatings marketWith a share of more than 40%, it is currently estimated to exceed 126 billion euros. Among them, architectural decorative coatings account for most of the market share of water-based coatings. At present, water-based architectural decorative coatings account for about 84% of all architectural decorative coatings worldwide. Specific numbers vary by region, for example, market penetration is higher than this average in Europe and North America. But it is lower in Asia Pacific and South America. This in turn means that water-based coatings still have great potential for development in these areas.

It can also be seen from this data that the water-based coating of architectural decorative coatings has been basically completed. And with the increasing implementation of laws and regulations regarding VOC content, customers will increase demand for water-based coatings, although water-based coatings are not technically superior to solvent-based coatings in all application areas. In particular, investments in infrastructure and other construction activities in Asia Pacific and the Middle East will drive future demand for water-based coatings.

在Industrial coatingsLow usage

But in the field of industrial coatings, the share of water-based coatings is much lower than that of architectural decorative coatings. In the field of industrial maintenance and anticorrosion, the application of water-based coatings accounts for only one third, and this share will only grow very slightly in the next few years. The number of marine coatings is also very low. In the general industrial coatings business, their share is about 10%, and it is almost impossible to change in the next few years. Overall, water-based coatings account for only 7% of total industrial coatings. Some research institutions predict that this ratio may double in the next three to four years.

GVR sees automotive OEM coatings as another growth area. At present, water-based coatings account forAutomotive coatingsHalf of the market. GVR's market researchers believe that water-based automotive coatings are the fastest growing area and believe that by 2022, the average annual growth rate will reach 8.1%. Although this growth rate may sound a little too optimistic, the trend may be correct. MaM also points to the huge growth potential of the automotive industry in the future.

All over the worldWater-based paintDemand continues to grow, most of which is driven by environmental protection policies. At the same time, more and more customers are calling for more attractive environmental solutions.

According to data obtained by Grand View Research (GVR),coatingThe total system market is 20.55 million tons. According to Markets and Markets and Zion Market Research (ZMR) market surveys, global waterborne coatings sales were less than 54 billion euros in 2015

Consumption is expected to exceed 32 million tons by 2020

With market researchers' forecasts unanimously indicating further growth, the market outlook for waterborne coatings looks good. Markets and Markets (MaM) is expected to grow at an average annual rate of 5% by 2020, and global waterborne coatings sales will exceed 67 billion euros; ZMR is expected to grow at an average annual rate of 5% by 2021, and global waterborne coatings sales will rise to more than 70 billion euros GVR researchers expect an average annual growth of 6% by 2022, and consumption will reach 32.71 million tons. The data provided by the three market research institutions tend to be consistent, and it is estimated that by 2020, the global consumption of water-based coatings will exceed 32 million tons.

Water-based architectural decorative coatings dominate

Nearly 54 billion euros in water-based coatingspaint和Coatings marketWith a share of more than 40%, it is currently estimated to exceed 126 billion euros. Among them, architectural decorative coatings account for most of the market share of water-based coatings. At present, water-based architectural decorative coatings account for about 84% of all architectural decorative coatings worldwide. Specific numbers vary by region, for example, market penetration is higher than this average in Europe and North America. But it is lower in Asia Pacific and South America. This in turn means that water-based coatings still have great potential for development in these areas.

It can also be seen from this data that the water-based coating of architectural decorative coatings has been basically completed. And with the increasing implementation of laws and regulations regarding VOC content, customers will increase demand for water-based coatings, although water-based coatings are not technically superior to solvent-based coatings in all application areas. In particular, investments in infrastructure and other construction activities in Asia Pacific and the Middle East will drive future demand for water-based coatings.

在Industrial coatingsLow usage

But in the field of industrial coatings, the share of water-based coatings is much lower than that of architectural decorative coatings. In the field of industrial maintenance and anticorrosion, the application of water-based coatings accounts for only one third, and this share will only grow very slightly in the next few years. The number of marine coatings is also very low. In the general industrial coatings business, their share is about 10%, and it is almost impossible to change in the next few years. Overall, water-based coatings account for only 7% of total industrial coatings. Some research institutions predict that this ratio may double in the next three to four years.

GVR sees automotive OEM coatings as another growth area. At present, water-based coatings account forAutomotive coatingsHalf of the market. GVR's market researchers believe that water-based automotive coatings are the fastest growing area and believe that by 2022, the average annual growth rate will reach 8.1%. Although this growth rate may sound a little too optimistic, the trend may be correct. MaM also points to the huge growth potential of the automotive industry in the future.