The water-based coatings market in North America is expected to witness significant growth due to the increasing awareness about environmentally friendly coating products. The United States and Canada are the key contributors to the market growth in this region.
Asia Pacific:
In Asia Pacific, countries like China, Japan, and South Korea are experiencing a surge in demand for water-based coatings due to strict regulations on the use of volatile organic compounds (VOCs). The growing construction and automotive industries in these countries are also driving the market growth.
Europe:
In Europe, particularly in countries like the United Kingdom, Germany, and France, there is a growing preference for water-based coatings over solvent-based alternatives. Stringent regulations aimed at reducing harmful emissions from industrial processes are boosting the demand for water-based coatings in the region.