Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 78.24 Billion | USD 100.1 Billion | 5.0% | 2021 |
FrequentlyAsked Questions
Growth of waterborne coatings industry over forecasting timeline is subject to rise in penetration of waterborne coatings across automotive sector owing to low toxicity.
According to Zion market research report, 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.
Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Waterborne Coatings Market size in region over 2022-2028 can be attributed to thriving construction & automotive sectors in countries such as India, China, Indonesia, and Thailand.
The key industry participants leveraging business sphere include Akzo Nobel N.V., BASF SE, PPG Industries, Inc., Axalata Coating Systems, Ltd., Sherwin-Williams Company, The Valspar Corporation, and Nippon Paints Co. Ltd.
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