Water Soluble Paints Market Size | Industry Report and Forecast, 2023

Water Soluble Paints Market
In water soluble paints, water is used as a dispersal agent for resins. Unlike conventional organic solvent based paints, water soluble paints are eco-friendly and easy to use. Water content in water soluble paints accounts for 80% of the total paint volume. Other solvents, such as glycol ethers, are also used in the water soluble paints market to increase the viscosity of the paints. Attributed to their low volatile organic compounds (VOC) content, these paints are gaining popularity, especially in the developing markets such as the U.S. and Western Europe.
The surging urbanization, increasing urban and sub-urban residential infrastructure projects, and upcoming government residential projects in urban and sub-urban area in developing economies such as India, China and Brazil are some of the most dominant growth drivers of the water soluble paint market in Asia-Pacific region.
Based on the various product types, the global water soluble paints market can be segmented as Polyacrylate-based/Acrylic, Polyester-based, Alkyd-based, Epoxy-based, and Epoxy Ester-based water soluble paints.
Recently, Dow Chemical introduced a new technology called AVANSE MV-100. It has high performance acrylic binders, which are particularly used for the metal coating. Similarly, the other manufactures are also expected to introduce new and cost-effective manufacturing technique in coming years.
The major players operating in the global water soluble paints market include, Akzo Nobel N.V., Asian Paints Limited, NIPPON PAINT, PPG Industries, The Sherwin-Williams Company, Valspar Corporation, Axalta Coating Systems, LLC, Benjamin Moore & Co., Berger Paints India Limited, Brillux GmbH & Co., DAW Caparol., and DuraSoy One Paint.

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