Water-Soluble Wall Space Paint Market deals with developing and manufacture of water based wall paints. Water based paints use water as a solvent. Water constitutes more than 75% of the coatings with traces of other solvents like glycol ethers. Water-Soluble wall space paint gives less odor.
Water-Soluble Wall Space Paint Market deals with water based enamel, used as a coating for external environment to improve wear resistance, thermal protection and glazing. Water based paints offers certain advantages over other types of paints like low volatile organic compounds (VOC) emissions, quicker drying time and ease of use in its application.
Scope & Regional Forecast of the Water-Soluble Wall Space Paint Market
Environmental compliance is the common reason for choosing to use a water-soluble wall space paint. Many solvents evaporate volatile organic compounds or VOCs, which harms the environment. Stringent government regulation related to VOC content are the major drivers for the growth of Water-Soluble Wall Space Paint Market.
There are different kinds of paints in the Water-Soluble Wall Space Paints. Acrylic water-based coatings is anticipated to be the major segment during the forecast period. However, polyurethane water-based coatings is expected to grow at highest in terms of end-use. Building & construction is projected to be the major segment for Water-Soluble Wall Space Paint Market
Due to rising architectural activities in Asia, Countries such as China, India are expected to be the key consumers of water based paints. Growing adoption of water based paints particularly by Europe and North America is likely to drive market demand over the next few years. Water based paints does not offer superior surface hardness and glossy finish which can be achieved by oil based paint. As a result, these factors might hamper the growth of Water-Soluble Wall Space Paint Market. Increasing awareness and stringent government regulations related to VOCs content related to coatings is estimated to offer major opportunities.
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Segmentations & Key Players Involved in the Water-Soluble Wall Space Paint Market
The Water-Soluble Wall Space Paint Market can be broken down into various segmentations on the basis of –
- Geographical Location : North America, Europe and Asia-Pacific
Some of the key players involved in the Water-Soluble Wall Space Paint Market are as follows:
- BASF SE
- Akzo Nobel N.V.
- Asian Paints
- Axalta Coating Systems Ltd.
- Altana AG
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