Increasing demand for environmentally friendly coatings in various industries is expected to drive the growth of the waterborne acrylic resin market.
Growing construction and automotive industries, particularly in emerging economies, are likely to provide lucrative opportunities for market growth.
Rising awareness about the benefits of waterborne acrylic resins, such as low VOC emissions and excellent durability, is anticipated to fuel market expansion.
Industry
Report Coverage | Details |
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Segments Covered | Type, Applications, End Use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | BASF SE, Dow Chemical Company, The Sherwin-Williams Company, Nippon Paint, PPG Industries,, Huntsman, Arkema S.A., Eastman Chemical Company, Evonik Industries AG, RPM International, AkzoNobel N.V., Nippon Shokubai |
High competition from alternative resins, such as solvent-based and powder coatings, may hinder the growth of the waterborne acrylic resin market.
Stringent government regulations regarding the use of certain chemicals in coatings formulations could pose a challenge for market players looking to develop new products.