Waterborne coatings market is estimated to grow at a significant CAGR during the forecast period. The growth in architectural and industrial applications particularly in residential and general industries is propelling the global waterborne coatings market. Waterborne coatings are employed in a various range of applications owing to their chemical characteristics and unique aesthetic properties. The requirements for acrylic waterborne coatings is high in the automotive, medical, automotive, general industrial and construction industries. The use of acrylic resin in coatings is continuously increasing in emerging economies, like China and India, due to the improving standard of living and growing demand for high-quality paints.
Apart from having decorative features, architectural waterborne coatings also own protective features. For instance, exterior architectural paints & coatings save a building from extremes of rain, sunlight, and wind. These coatings are also used in decorative interiors like furniture, wood flooring, wall paintings, and sculptures. A rise in environmental awareness among consumers and manufacturers has led to technological development in the coating industry to provide affordable quality products, of high quality, possess value-added features, and meet global demand.
The increasing demand for waterborne coatings from the organization, such as automotive, general industrial, marine, new construction, and remodel & repaint, is expected to propel the growth of the waterborne coating market in the region. Lenient environmental regulations regarding emission levels and lower taxes for manufacturers and growing income levels have resulted in the rise of the global waterborne coatings market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered-
- By Type
- By Application
- Competitive Landscape: BASF SE (Germany), AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), RPM International Inc. (US), The Sherwin-Williams Company (US).
Waterborne Coatings Market by Segment
By Type:
- Acrylic
- Polyester
- Alkyd
- Epoxy
- Polyurethane
- PTFE
- PVDF
- PVDC
- Others (amino acids, acrylic-epoxy, urethane-acrylic)
By Application:
- Architectural
- Residential
- New Construction
- Remodel & Repaint
- Non-Residential
- Industrial
- Automotive
- General Industrial
- Protective
- Wood
- Marine
- Packaging
- Coil
- Others (aerospace and rail)
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Waterborne Coatings Market by Region:
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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