The water-based coating market is gradually growing and the industry has broad prospects

Water-based paint is a paint that uses water as a solvent or dispersion medium. Water-based paint can be divided into three categories: water-soluble paint, water-dilutable paint, and water-dispersible paint. Water-based coatings use water-soluble resins as film-forming substances, represented by polyvinyl alcohol and its various modifications. In addition, there are water-soluble alkyd resins, water-soluble epoxy resins, and inorganic polymer water-based resins. Compared with traditional coatings, water-based coatings are more environmentally friendly, smoother, safer, and less expensive.

In recent years, water-based coatings have attracted market attention due to their environmentally friendly features such as low carbon, energy saving, green and environmental protection. At the same time, with the improvement of production technology and diversification of performance, water-based coatings are gradually used in construction, automobile, light industry, chemical industry, machinery manufacturing and other industries. Water-based coatings continue to replace traditional coatings, market demand is increasing, and their share in the coatings market continues to increase.

In terms of regional industry development, the Asia-Pacific region is the largest market for water-based coatings in the world, followed by Europe and North America. The market demand for water-based coatings in the Asia-Pacific region has further grown, mainly stimulated by the rapid development of infrastructure construction in India, China, Indonesia and other countries.

According to the “2022-2026 China Waterborne Coatings Industry Market In-depth Research and Development Prospects Forecast Report released by Synaptics Industrial Research Center , the water-based coating solvent is water, which can not only effectively reduce the use of toxic organic solvents and reduce the pollution caused by the use of coatings to the atmosphere, but also makes the water-based coating environment safe and hygienic. The global water-based coating market will exceed US$75 billion in 2020 and is expected to be in It will grow at a CAGR of 6.1% from 2021 to 2027.

Competition in the global water-based coatings industry is fierce, with major market participants including Sika AG, BASF Europe, Arkema, AkzoNobel, DuPont, PPG Industries, and Nippon Paint Co., Ltd. The well-known water-based coating manufacturers in China include Guangzhou Meitushi, 3Tree Trees, Carbaoli Chemical, etc. There are many domestic water-based coating manufacturers and the market competition is fierce. However, as the supply-side reform continues to deepen, the water-based coating market concentration will increase.

Industry Analysts People said that my country is a major paint production country in the world, and water-based paint is an important direction for the future development of the paint industry. Domestic water-based paint production There are many companies and the market competition is fierce. With the increasing environmental protection requirements and the increasing health awareness of residents, the market for healthy and environmentally friendly water-based coatings has broad prospects. As the awareness of ecological and environmental protection increases and domestic environmental supervision policies become increasingly strict, environmentally friendly water-based coatings comply with the policies and become the mainstream trend in the coatings industry.