Waterborne Coatings Market Size, Share, Trends, Growth 2032

Waterborne Coatings Market Size

The global Waterborne Coatings Market accrued earnings worth approximately 78.24 (USD Billion) in 2021 and is predicted to gain revenue of about 100.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.0% over the period from 2022 to 2028. The study provides an assessment and analysis of the Waterborne Coatings Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

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Waterborne Coatings Market: Overview

Waterborne coatings comprises of eighty percent of water and little proportion of other solvents including glycol ethers. These products are applied on substrate for dispersing resin. With high proportion of water contents, waterborne coatings possess features including low odor, non-flammability, and low VOC.

It is an eco-friendly product which can dry at a fast rate & can be re-coated. Waterborne coatings find slew of applications and are highly resistant to abrasion & heat, have low toxicity, possess outstanding adhesion, and emit low VOC. Reportedly, waterborne coatings costs less as compared to solvent-borne coatings and do not need thinners or any kind of additives. These compounds are utilized in architectural, automotive, and marine sectors.

Waterborne Coatings Market: Growth Drivers

Growth of waterborne coatings industry over forecasting timeline is subject to rise in penetration of waterborne coatings across automotive sector owing to low toxicity. In addition to this, rise in acceptance of waterborne coatings in metal packaging and coils will spur growth of waterborne coatings industry.

Furthermore, eco-friendly nature of product has enhanced its use in protective coatings, industrial wood, and marine sectors. Apart from this, prominent use of waterborne coatings as rust resisting, self-cleaning, and anti-fouling agents will spur business space. In addition to this, it is utilized in furniture and flooring activities, thereby driving market trends.

Furthermore, rise in construction activities and enhanced infrastructural growth in countries of APAC will drive growth of waterborne coatings industry. Rise in manufacturing capacities and launching of new vehicle versions will contribute significantly to revenue of waterborne coatings market. Strict laws pertaining to low VOC emissions from paints & coatings in countries such as Canada and the U.S. will drive market demand. Nonetheless, oscillating costs of raw materials such as resins, pigments, and additives will put brakes on market expansion. Additionally, low awareness about advantages offered by waterborne coatings will pose a threat to growth of waterborne coatings market.  

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Waterborne Coatings Market: Regional Landscape

Asia Pacific Waterborne Coatings Market To Register Fastest Growth By 2028

Growth of waterborne coatings market in Asia Pacific over forecasting timeline is subject to thriving construction & automotive sectors in countries such as India, China, Indonesia, and Thailand. Moreover, rapid surge in economic development has produced favorable conditions for waterborne coatings market in sub-continent. Apparently, rise in sale of vehicles in countries such as India, Japan, and China will spike demand for water coatings in automotive sector, thereby driving regional market growth. Furthermore, waterborne coatings provide protection against ultraviolet radiations as well as adverse climatic conditions, thereby prompting its use in various sectors in region.

Report Scope:

Waterborne Coatings Market: Competitive Landscape

Key participants leveraging growth of waterborne coatings and included in report are Akzo Nobel N.V., BASF SE, PPG Industries, Inc., Axalata Coating Systems, Ltd., Sherwin-Williams Company, The Valspar Corporation, and Nippon Paints Co. Ltd.

The global Waterborne Coatings Market is segmented as follows:

By Resin

• Acrylic
• Polyester
• Alkyd
• Epoxy
• Polyurethane
• PTFE
• PVDF
• PVDC

By Application

• Architectural
• Automotive
• General Industrial
• Protective
• Wood
• Marine
• Packaging
• Coil
• Other Applications

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa