WACKER launched New Polymeric Binders Based on Renewable Sources to cater to growing demand from water-based coating binders market

 

Governments across developing countries are aiming at regulating the volatile organic compounds by reducing the level companies emit at a certain time period. This is compelling companies to use water-based coating technology to lower VOC level because of water-based coating has no or fewer solvents, there fueling growth of the water-based coating binders market. The water-based coatings are widely used for direct-to-metal (DTM) applications. Moreover, they are low-cost and have a self-charring capacity which is again driving its demand across various end-user industries. Advancement in coating technology is again anticipated to augment the growth of the market. For instance, Archroma, a global provider of color and specialty chemicals towards sustainable solutions, has launched Appretan® NTR, a break-through water-based textile coating binder based on renewable natural ingredients.

1.      In March 2019, WACKER launched New Polymeric Binders Based on Renewable Sources. The products are partly made with starch or bio-acetic acid, provide enhanced solutions

2.      In March 2019, Birla Carbon, a manufacturer, and supplier of carbon black solutions has added a new product to its family of Raven carbon black products. The new solution, Raven 5100 Ultra, enable customers to achieve unseen jetness levels in waterborne systems, superior performance, and improved formulation costs

3.      In April 2021, Stahl, an active proponent of responsible chemistry, has launched a new range of renewable carbon-based polyurethanes. Called NuVera®, they replace petroleum-based chemicals with renewable alternatives, enabling manufacturers of fashion, footwear and upholstery, and many other consumer products to significantly reduce their environmental footprint.

The Asia Pacific is expected to hold the dominant position in the global water-based coating binders market due to expanding automotive industry in the region. Due to the increasing production of the vehicle. According to the India Brand Equity Foundation, domestic automobile production increased at 2.36% CAGR between FY16-20 with 26.36 million vehicles being manufactured in the country in FY20. Overall, domestic automobile sales increased at 1.29% CAGR between FY16-FY20 with 21.55 million vehicles being sold in FY20.

The water-based coating binders industry is expected to see serious growth over the next year, owing to the trend of more industries towards green living. This industry has already seen an upsurge in start-ups as industries realize the need to reduce their exposure to toxins and chemicals. For many years now, concrete and reinforced concrete have been the most common forms used for exterior and interior building constructions. However, in the last few years, the number of residential and commercial structures being built that are made of concrete has been on the rise. Also, there is a trend of builders and contractors using water-based coating binders and finishes in order to avoid the harsh staining effects of oil-based products.