Aqueous binder dispersions as coating compositions

1. An aqueous binder dispersion comprising at least one copolymer (P) containing carboxylic acid and/or carboxylate groups, the copolymer (P) containing structural units of carboxyl-free (meth)acrylic esters with a cycloaliphatic structure, and at least 25 mol % of the carboxylic acid and/or carboxylate groups of the copolymer (P) in the dispersion being present in triethanolamine-neutralized form, wherein the copolymer (P) is prepared from the group of the monomers (M) comprising

(M1) 10 to 50% by weight of cycloaliphatic esters of (meth)acrylic acid or mixtures thereof,

(M2) 20 to 60% by weight of hydroxyl-functional free-radically polymerizable monomers,

(M3) 1 to 5% by weight of carboxyl-functional free-radically polymerizable monomers,

(M4) 0 to 10% by weight of free-radically polymerizable monomers containing phosphate/phosphonate groups or sulphonic acid/sulphonate groups, and

(M5) 10 to 60% by weight of hydroxyl- and carboxyl-free (meth)acrylic esters with C 1 to C 18 hydrocarbon radicals in the alcohol moiety and/or vinylaromatics and/or vinyl esters,

the sums of the components adding up to 100% by weight.

2. The aqueous binder dispersion according to claim 1 , characterized in that at least 40 mol % of the carboxylic acid groups of the copolymer (P) in the dispersion are present in triethanolamine-neutralized form.

3. The aqueous binder dispersion according to claim 1 , wherein the monomers (M1) comprise one or both of isobornyl acrylate and isobornyl methacrylate.

4. The aqueous binder dispersion according to claim 2 wherein the monomers (M1) comprise one or both of isobornyl acrylate and isobornyl methacrylate.

5. The aqueous binder dispersion according to one or more of claim 1 , wherein the OH content of the copolymers (P) in 100% form is 3.5 to 7.5% by weight.

6. The aqueous binder dispersion according to claim 1 , wherein the acid number of the copolymers (P) in 100% form is 15 to 40mg KOH/g.

7. A process for preparing the aqueous binder dispersion of claim 1 comprising reacting components (M1), (M2), (M3) and (M5) and optionally (M4) to provide a copolymer (P); and transferring the resultant copolymer (P) to an aqueous phase by dispersion, wherein the copolymer (P) contains carboxylic acid groups and at least 25 mol% of the carboxylic acid groups are neutralized with triethanolamine before or during dispersion.

8. An aqueous coating material comprising the binder dispersion of claim 1 and also at least one crosslinker.

9. The aqueous coating materials according to claim 8 , wherein the crosslinker is a polyisocyanate crosslinker having free NCO groups.

10. A method of coating a substrate comprising applying the aqueous coating material of claim 8 over at least a portion of a substrate.

11. The aqueous coating material of claim 8 in the form of a coating material selected from one or more of the group consisting of primers, surfacers, pigmented topcoat materials, transparent topcoat materials, clearcoat materials, high-gloss coating materials, and single-coat coating materials.

12. A substrate, wherein at least a portion thereof is coated with a coating materials comprises the binder dispersion of claim 1 .