Waterborne Coatings Market Size, Share and Growth Rate 2019-2025 : BusinessTantrums - 0 views
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emmaj3206 on 09 Apr 19"The global waterborne coatings market is projected to reach USD 82.9 billion by 2025. The market is projected to expand at CAGR of 5.7% over the forecast period. The prices of raw materials used in manufacturing waterborne coatings are expected to have a significant impact on the production cost of the final product. The demand for these raw materials from other application industries is expected to impact their availability for manufacturing waterborne coatings. Increasing construction spending and requirement for improved infrastructure, particularly in Asia Pacific, is expected to drive waterborne coatings market over the forecast period. The share of construction spending is expected to shift from developed regions of North America and Europe to developing regions of Asia Pacific. Increase in production capacities and launch of new automobile models is expected to remain a key driving factor for waterborne coatings market in automobile applications. Growing automotive industry in emerging markets of Asia Pacific, Central & South America, and the Middle East & Africa is expected to be another major factor driving waterborne coatings market."