Water Based Enamel Market Research Report and Overview on Wood Pellet Market, 2016 – 2024
The demand for water based enamels is increasing on account of a need for protective coating for safeguarding against external environments. Water based enamels offer glazing, enhanced corrosion protection, superior wear resistance, abrasion resistance. They increase the life span of substrates by offering thermal protection, electrical resistivity, and insulation. Since water based enamel can be customized as per the environment of the substrate to be coated or in accordance to end-user application, their demand is increasing substantially.
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Some of the other advantages of water based enamel that is giving them a wider adoption rate over oil and solvent based enamel include, swift drying, ease of use, lower volatile organic compounds (VOC) emissions, and ease of application. The fact that water-based enamels can be prepared using a wide range of chemistries such as acrylic, styrene butadiene, and polyurethane will also encourage their adoption.
The report takes into consideration the past and present data to analyze or determine the future of the global water based enamel market. It discusses the various factors driving and hampering the market in detail. The impact of these drivers and restraints are also studied in the report. The degree of competition, threat of new entrants, bargaining power of suppliers, threat of substitutes, and bargaining power of buyers are included in the Porter’s five forces analysis.
By geography, Asia Pacific is expected to be a lucrative market owing to a surge in construction activities and growth in furniture industries. China, India, Indonesia, South Korea, and Malaysia are among the top countries fueling demand for water based enamel. The growing disposable incomes in these countries are also behind the growth of the market in the region. The North American market is also expected to be lucrative after Asia Pacific owing to high support from regulatory authorities for using products with lower emissions.