Water Soluble Paints Market – Market Overview
The water-soluble paints
are majorly used in building & construction activities due to their ease of
application, anti-corrosive nature, and glossy finish. The increasing
population along with the growing need for housing is likely to fuel the demand
for the product. The trend for renovation of houses for interiors and better
appearance supported by the increasing disposable income is another factor
propelling the market growth. Furthermore, they are less toxic and have low VOC
content which makes them eco-friendly.
They are majorly used in
automotive due to the above-mentioned reason. The various resins used for
manufacturing water soluble paints are acrylic, polyester, alkyd, and others.
Among these, the acrylic based water soluble paints are the leading segment due
to their comparatively fast drying rate and enhancing the appearance, hardness,
and texture of the surface. However, the high cost of these paints and their
low drying rate may challenge the market growth during the years to follow.
Global Key
Player:
Ø Kansai Paint Co.,Ltd.
Ø Nippon Paint Company
Limited
Ø PPG Industries Inc.
Ø Rpm International Inc.
Ø The Sherwin-Williams
Company
Ø asian paints
Ø The Valspar Corporation
Ø Tikkurila Oy
Ø AkzoNobel N.V.
Ø Axalta Coating Systems
Ø BASF SE
Ø Berger Paints India
Limited
Ø Chenyang Waterborne Paint
Ø Jotun
Ø Sika AG
Industry/
Innovation/ Related News:
June 2017–
The Sherwin-Williams Co. acquired the Valspar Corp. in the U.S.
This acquisition helped the company to step-up new strategies and expand its
paints & coating business, globally. The development provides world-class
brand, wide the product range, increases the overall sales and revenue,
multiple technology and innovation. This helped the company to made value added
customers.
April 2017- BASF
SE and Landa Labs made the long term partnership in Germany. BASF has employed
Landa’s nano-pigment technology in easy
dispersible ultra-high-transparency pigments under the color & effects
business segment. This development helped to provide excellence of color depth
in the production of automotive paints & coatings
June 2017–
AkzoNobel expand its U.S. based R&D facility in Houston with
the investment of USD 3.5 million. The research facility support the company
protective coatings, marine coatings, and specialty coatings businesses. This
facility of provides the exceptional platform to the company in paints & coating
business.
June 2017- PPG
made investment of USD 49 million to open its paint & coating manufacturing
facility in Russia. This facility has a capacity to produce about 6.6 million
gallons of coatings. This facility not only offer paints & coating
application for automotive, industrial, packaging, and marine applications but
also technical laboratories for better R&D.
August 2017- Axalta
Coating Systems acquired Plascoat Systems Limited in Pennsylvania. Plastcoat
has expertise in formulation, manufacturing, and applications of thermoplastic
polyolefin coatings. This acquisition helped Axalta to build new heights in
paints & coatings industry of meet the customer requirement in more with
additional benefits.
Intended Audience
- Water soluble paints Manufacturers
- Traders and distributors of water-soluble
paints
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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