Waterborne Coatings Market Revenue, Industry Growing Demand, Size, Share and Forecast – 2031

The global 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.

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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

• Segment Covered- 

o             By Type

o             By Application

• Competitive Landscape: BASF SE (Germany), AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), RPM International Inc. (US), The Sherwin-Williams Company (US).

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global 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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