The global waterborne coatings market is projected to grow at a considerable CAGR during the forecast period. The increasing application of waterborne coatings in the construction, packaging, textile, and electronics industry among others is a key factor to drive the growth of the global water coating market. The waterborne coatings use water as a solvent to disperse a resin. The waterborne coatings contain upto 80% of water and 20% of some other solvents. Therefore, the waterborne coatings are having low toxicity easy to apply and are eco-friendly.
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The waterborne coatings have a volatile organic compound (VOC) content of fewer than 3.5 pounds per gallon of water. The high VOC emitting compounds are restricted for use in the US and EU. Strict government regulation related to the restriction of using high VOC emitting compounds in the region is the major factor to promote the huge adoption of waterborne coatings by major companies in Europe such as UK, Spain, France, Italy, Germany among others. In addition to this, the growing awareness related to the eco-friendly advantage of waterborne coating among the consumers is promoting the end-user to use waterborne coating as compared to the other coating types.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Waterborne Coatings Market by Type
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
- Others
Global Waterborne Coatings Market by Application
- Architectural
- Industrial
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ALLNEX Netherlands B.V.
- AkzoNobel NV
- Arkema Group
- Axalta Coating Systems LLC
- BASF SE
- Celanese Corp.
- Covestro AG
- DIC Corp.
- Double Bond Chemical Ind. Co., Ltd.
- Dow Inc.
- Eastman Chemical Co.
- Gellner Industrial, LLC
- Henkel AG & Co., KGaA
- Hexion Inc.
- Kraton Corp.
- Lanxess Corp.
- OMNOVA Solutions Inc.
- PPG Industries, Inc.
- Reichhold, LLC
- Specialty Polymers, Inc.
- The Lubrizol Corp.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global waterborne coatings market. Based on the availability of data, information related to available products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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