Waterborne Coatings Demand Driving Coatings Additives Market in Europe
The European waterborne coatings additives market is estimated to reach $77,838.71 million by 2018 as the EU member countries have regulations that control the VOC and APEO content in the formulations, thus creating opportunities for waterborne coating additives, according to a report by MicroMarket Monitor. With an increasing ecological risk from solvents, the demand for waterborne coating systems is reportedly increasing. In waterborne systems, water is not only used as a solvent, but is also used to make resin emulsion. Water, being an un-restricted solvent in the region, is expected to drive the demand for waterborne systems in the near future.
The demand for solventborne coating additives was estimated to occupy a major share in the global coating additives market. However, with the growing concerns for environmentally friendly products, the pattern for increased demand is shifting toward waterborne coatings.
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