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Freedonia Issues Study on Protective & Specialty Coatings

CLEVELAND, OH | According to a new study from The Freedonia Group, solvent-based coatings historically have maintained the largest share of protective and specialty coatings. However, solvent-based coatings are projected to be surpassed by water-based coatings by 2020 as regulatory concerns continue to impact the protective and specialty market. Solvents will continue to lose share to other formulations, with trends favoring the use of water-based, high-solids, and other coatings, which have lower or no VOC emissions. These and other trends are presented in Protective & Specialty Coatings Market in the US.

Demand for water-based coatings in the protective and specialty segment is predicted to expand at an annual rate of 2.5% to 85 million gal in 2020, supplanting solvent-borne coatings as the market leader. The trend toward water-borne coatings in the automotive refinish market, which historically has widely used solvent-borne coatings in an array of applications, is of particular importance for this formulation, says the study.

Water-based coatings are also gaining a foothold in protective marine coatings as several worldwide treaties and US regulations have put stringent limits on harmful emissions produced by marine coatings.

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