Waterborne Automobile Coating Market Outlook, Current and Future Industry Landscape Analysis by 2032

-

 The global demand for waterborne automobile coatings is projected to surge, with an anticipated market value of USD 79 billion in 2022, and is expected to reach USD 141.5 billion by 2032, growing at a CAGR of 6% during the forecast period. This growth is largely attributed to the coatings’ ability to protect vehicles against UV radiation, acid rain, and adverse weather conditions.

Waterborne automobile coatings are eco-friendly solutions that use water as a solvent to disperse a resin. These coatings typically contain up to 80% water, with small quantities of other solvents such as glycol ethers. Their environment-friendly nature is underscored by regulations in the US and Europe, which mandate a VOC content of less than 3.5 pounds per gallon of water.

Key takeaways from the market include:

  • Environmental Benefits : Waterborne coatings significantly reduce volatile organic compound (VOC) emissions, aligning with stringent environmental regulations.
  • Market Growth : The market is driven by the increasing demand for eco-friendly products, high chemical resistance, and low-temperature processing.
  • Challenges : The longer drying and curing times compared to solvent-borne coatings and sensitivity to humidity and freezing conditions may hamper growth.

Source: https://www.plasticsnewsdirectory.com/company/910976/news/3556792/waterborne-automobile-coating-market-outlook-current-and-future-industry-landscape-analysis-by-2032

Regional Analysis

Asia-Pacific : This region is expected to dominate the waterborne automobile coatings market due to the rapid growth of the automobile industry and less stringent regulations. The surge in vehicle production, particularly in China and India, coupled with rising middle-class incomes, is propelling market growth.

North America : The US is poised to lead regional growth, with significant adoption of electrocoat processes. Electrocoat, an immersion painting technique, offers uniform and clean coating applications, making it popular among vehicle manufacturers. The demand for quick and efficient coating methods in US factories will further drive the adoption of electrocoating technologies.

Drivers of Market Growth

Several factors are driving the growth of the waterborne automobile coatings market:

  • Environmental Regulations : Stringent regulations in the US and Europe regarding VOC emissions have spurred the shift from solvent-borne to waterborne coatings.
  • Consumer Awareness : Growing awareness of the harmful effects of VOCs has increased demand for environmentally friendly coatings.
  • Industrial Applications : The rise in end-use industries and the development of eco-friendly coatings are contributing to market expansion.
  • Technological Advancements : Innovations in coating technologies, including improved formulations and application techniques, are enhancing product performance and market adoption.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:  sales@futuremarketinsights.com
Website:  https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Comments

Post a Comment

Popular posts from this blog

Aluminum Fluoride Industry Size, Share & Demand

-
 Over the projection period, sales in the aluminum fluoride industry are expected to increase at a CAGR of 2.7%. The market size is predicted to be valued at USD 2.3 billion in 2023 and USD 3 billion by 2033. The aluminum fluoride market is witnessing technological advancements, particularly in the area of refining and purification processes. Continuous efforts are being made to enhance the purity and quality of aluminum fluoride, enabling its application in various industries, such as ceramics, glass, and metallurgy. The market is influenced by regulatory factors and government policies aimed at promoting domestic aluminum production and reducing import dependency, creating both challenges and opportunities for manufacturers. A significant driver in the aluminum fluoride market size is the increasing demand for aluminum fluoride in lithium-ion batteries. As the demand for electric vehicles and renewable energy storage grows, the need for high-performance batteries r...
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. ...
Read more

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the ...
Read more