Acrylic and latex make up the two types of water based paints. Water based paints have 100 percent acrylic binders that makes the paint very durable and flexible. The primary benefits of water based paints include:
Durability: Have superior adhesion to most substrates
Color Retention: Resist from chalking and fading
Mildew Resistance: Additives reduce mildew growth and help maintain the paint's fresh appearance
Versatility: Can be used on a variety of substrates, including wood, concrete, stucco, brick, aluminum siding and galvanized metal. Easy to clean: Easy cleanup with water and soap.
Besides, Water based paints have no benzene, methylbenzene, formaldehyde and other toxic substances. It is harmless to the human body and does not pollute the environment.
In 2018, China's water based paints account for a large proportion in the field of building coating with the share of 90%.
From the perspective of water based paints geographical distribution, East China and Central South China occupy a considerable proportion with the share of 42% and 37% respectively.
Besides, China's water based paints mainly come from Guangdong, Shanghai, Jiangsu with the share of 21.3%, 11.9% and 11.5% respectively.
China's water based paints market is divided into two major camps, namely, transnational enterprises and private enterprises, which account for 20% and 80% of the market share. The business of transnational enterprises focus on high-end paint market, these companies such as PPG, KCC and Nippon Paint are in the leading position in market competition. Due to small scale and technological gap, private enterprises business focus on middle and low-end paint market.