Global Waterborne Coatings Market Size, Share, Growth Analysis Report - Forecast 2034

Waterborne Coatings Market Size

The global waterborne coatings market size was worth around USD 55.54 Billion in 2024 and is predicted to grow to around USD 82.21 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4% between 2025 and 2034.

The report analyzes the global waterborne coatings market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the waterborne coatings industry.

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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.

Key Insights

• As per the analysis shared by our research analyst, the global waterborne coatings market is estimated to grow annually at a CAGR of around 4% over the forecast period (2025-2034).
• Regarding revenue, the global waterborne coatings market size was valued at around USD 55.54 Billion in 2024 and is projected to reach USD 82.21 Billion by 2034.
• The waterborne coatings market is projected to grow at a significant rate due to rising demand for eco-friendly coatings, stringent environmental regulations, and increasing applications in automotive and construction industries.
• Based on Resin, the Acrylic segment is expected to lead the global market.
• On the basis of Application, the Architectural segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

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: Segmentation Analysis

The global waterborne coatings market is segmented based on Resin, Application, and region.

Based on Resin, the global waterborne coatings market is divided into Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, And PVDC.

On the basis of Application, the global waterborne coatings market is bifurcated into Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil, And Other Applications.

Waterborne Coatings Market: Report Scope

Waterborne Coatings Market: Regional Landscape

Asia Pacific Waterborne Coatings Market To Register Fastest Growth By 2025

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.

Waterborne Coatings Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the waterborne coatings market on a global and regional basis.

The global waterborne coatings market is dominated by players like:

• Akzo Nobel N.V.
• BASF SE
• PPG Industries Inc.
• Axalata Coating Systems
• Ltd.
• Sherwin-Williams Company
• The Valspar Corporation
• Nippon Paints Co. Ltd.

The global waterborne coatings market is segmented as follows;

By Resin

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

By Application

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

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America