Waterborne Architectural Coatings Market by Category (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF and PVDC) by Application (Architectural, Automotive, Industrial, Marine, Packaging and Others) and by Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
The global waterborne architectural coatings market was valued at USD 74.1 billion in 2019 and is expected to reach 109.2 billion by 2028. The market is anticipated to register a substantial CAGR of 4.4% during the forecast period, 2021–2027. The growth of the market is attributed to the rapid growing industrial and architectural applications over general and residential industries are propelling the growth of waterborne coatings market.
The primary feature of these coatings includes enhancing the appearance and life of building structure; thereby, increasing construction activities around the globe is likely to drive the demand for waterborne architectural coatings.
The Covid-19 pandemic had an unpleasant impact on the waterborne architectural paints and coatings market. The production has been on halt and both the demand and supply ware affected. The market suffered huge loss; however the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Stringent regulations to reduce VOC content in paints and coatings have been implemented by several governments around the world; thereby, increasing the use of eco friendly alternatives which are expected to drive the market growth over the forecast period.
- It reduces VOCs above 90% as compared to other coatings, and nearly 60% better corrosion resistant. These features are projected to fuel the market expansion in the coming years.
- Water-based coatings discharge less VOCs compared to solvent-based coatings. Thus, development and use of waterborne coatings have reduced VOC in paints.
- Removal and reduction of VOCs has been a challenge for the paint industry because of its health and environmental hazards. However, these coating and paint technologies have accepted the environmental requirements. Waterborne coatings are the new safe and healthy trends to overcome the above challenges.
- Rising population and rapid growing industries and architectural applications have increased the demand for coating and paint industry; thereby, directly impacting the market growth for waterborne coating
- Fluctuating price and availability of raw materials, which leads to high price of the final product is estimated to impede the market growth.
- The Covid-19 situation had a hinder impact on the market by unfavorable production and supply.
- R&D investment and technological advancement in waterborne coatings are expected to offer lucrative opportunities for the market players
Scope of the Report
The report on the global waterborne architectural coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Waterborne Architectural Coatings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Category (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF and PVDC) Application (Architectural, Automotive, Industrial, Marine, Packaging and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
BASF, Akzonobel, PPG Industries, RPM International, The Sherwin-Williams, The Valspar, Axalta Coating Systems, Nippon Paints, Kansai Paint, Tikkurila and Berger Paints India |
Global Waterborne Architectural Coatings Market Segment insights
The acrylic segment is projected to constitute a large market share
Based on category, the global waterborne architectural coatings market is segregated into acrylic, polyester, alkyd, epoxy, and polyurethane, PTFE, PVDF and PVDC. The acrylic segment is expected to account for a key share of the market during the forecast period owing to its use in extensive variety of applications due to their unique aesthetic properties along with chemical characteristics. The demand for acrylic waterborne coatings is high in the medical, automotive and construction industries. The use of acrylic coatings is significantly rising in emerging economies, owing to of the improving standard of living and rising demand for high-quality paints.
Architectural segment is expected to register a substantial CAGR
Based on application, the global waterborne architectural coatings market is divided into architectural, automotive, industrial, marine, packaging and others. The architectural segment constitute a key share of the market over the forecast period due to the numerous features of architectural waterborne coatings which includes decorative interiors such as wood-flooring, furniture, sculptures and wall paintings along with protection of buildings against extremes of rain, sunlight, and wind. However, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to its environmental benefits and to ensure the health and safety of both manufacturers and consumers and developments and regulations in the automotive sector.
Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at a robust CAGR during the forecast period. The regional market growth can be attributed to remarkable rise in building and construction activities, especially in developing regions. Waterborne coatings are primarily used in building and construction activities, as these coatings offer properties such as highly durable structures, better esthetics and high gloss.
Segments
The global waterborne architectural coatings market has been segmented on the basis of:-Category
- Acrylic
- Polyester
- Alkyd
- Epoxy
- Polyurethane
- PTFE
- PVDF
- PVDC
- Architectural
- Automotive
- Industrial
- Marine
- Packaging
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- BASF
- Akzonobel
- PPG Industries
- RPM International
- The Sherwin-Williams
- The Valspar
- Axalta Coating Systems
- Nippon Paints
- Kansai Paint
- Tikkurila
- Berger Paints India
Competitive Landscape
Key players competing in the global waterborne architectural coatings market include BASF, Akzonobel, PPG Industries, RPM International, The Sherwin-Williams, The Valspar, Axalta Coating Systems, Nippon Paints, Kansai Paint, Tikkurila, Berger Paints India.
Some of these players are using various business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waterborne Architectural Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waterborne Architectural Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waterborne Architectural Coatings Market - Supply Chain
4.5. Global Waterborne Architectural Coatings Market Forecast
4.5.1. Waterborne Architectural Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waterborne Architectural Coatings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Waterborne Architectural Coatings Market Absolute $ Opportunity
5. Global Waterborne Architectural Coatings Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
5.3.1. Architectural
5.3.2. Automotive
5.3.3. Industrial
5.3.4. Marine
5.3.5. Packaging
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Waterborne Architectural Coatings Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Waterborne Architectural Coatings Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
7. North America Waterborne Architectural Coatings Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Waterborne Architectural Coatings Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
7.4.1. Architectural
7.4.2. Automotive
7.4.3. Industrial
7.4.4. Marine
7.4.5. Packaging
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
8. Latin America Waterborne Architectural Coatings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Waterborne Architectural Coatings Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
8.4.1. Architectural
8.4.2. Automotive
8.4.3. Industrial
8.4.4. Marine
8.4.5. Packaging
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
9. Europe Waterborne Architectural Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Waterborne Architectural Coatings Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
9.4.1. Architectural
9.4.2. Automotive
9.4.3. Industrial
9.4.4. Marine
9.4.5. Packaging
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
10. Asia Pacific Waterborne Architectural Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Waterborne Architectural Coatings Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
10.4.1. Architectural
10.4.2. Automotive
10.4.3. Industrial
10.4.4. Marine
10.4.5. Packaging
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
11. Middle East & Africa Waterborne Architectural Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Waterborne Architectural Coatings Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
11.4.1. Architectural
11.4.2. Automotive
11.4.3. Industrial
11.4.4. Marine
11.4.5. Packaging
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Waterborne Architectural Coatings Market: Market Share Analysis
12.2. Waterborne Architectural Coatings Distributors and Customers
12.3. Waterborne Architectural Coatings Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. BASF
12.4.2. Akzonobel
12.4.3. PPG Industries
12.4.4. RPM International
12.4.5. The Sherwin-Williams
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waterborne Architectural Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waterborne Architectural Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waterborne Architectural Coatings Market - Supply Chain
4.5. Global Waterborne Architectural Coatings Market Forecast
4.5.1. Waterborne Architectural Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waterborne Architectural Coatings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Waterborne Architectural Coatings Market Absolute $ Opportunity
5. Global Waterborne Architectural Coatings Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
5.3.1. Architectural
5.3.2. Automotive
5.3.3. Industrial
5.3.4. Marine
5.3.5. Packaging
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Waterborne Architectural Coatings Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Waterborne Architectural Coatings Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
7. North America Waterborne Architectural Coatings Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Waterborne Architectural Coatings Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
7.4.1. Architectural
7.4.2. Automotive
7.4.3. Industrial
7.4.4. Marine
7.4.5. Packaging
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
8. Latin America Waterborne Architectural Coatings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Waterborne Architectural Coatings Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
8.4.1. Architectural
8.4.2. Automotive
8.4.3. Industrial
8.4.4. Marine
8.4.5. Packaging
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
9. Europe Waterborne Architectural Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Waterborne Architectural Coatings Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
9.4.1. Architectural
9.4.2. Automotive
9.4.3. Industrial
9.4.4. Marine
9.4.5. Packaging
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
10. Asia Pacific Waterborne Architectural Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Waterborne Architectural Coatings Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
10.4.1. Architectural
10.4.2. Automotive
10.4.3. Industrial
10.4.4. Marine
10.4.5. Packaging
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
11. Middle East & Africa Waterborne Architectural Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Waterborne Architectural Coatings Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Waterborne Architectural Coatings Market Size and Volume Forecast by Applications
11.4.1. Architectural
11.4.2. Automotive
11.4.3. Industrial
11.4.4. Marine
11.4.5. Packaging
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Waterborne Architectural Coatings Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Waterborne Architectural Coatings Market: Market Share Analysis
12.2. Waterborne Architectural Coatings Distributors and Customers
12.3. Waterborne Architectural Coatings Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. BASF
12.4.2. Akzonobel
12.4.3. PPG Industries
12.4.4. RPM International
12.4.5. The Sherwin-Williams
The global waterborne architectural coatings market has been segmented on the basis of:-
Category
Category
- Acrylic
- Polyester
- Alkyd
- Epoxy
- Polyurethane
- PTFE
- PVDF
- PVDC
- Architectural
- Automotive
- Industrial
- Marine
- Packaging
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- BASF
- Akzonobel
- PPG Industries
- RPM International
- The Sherwin-Williams
- The Valspar
- Axalta Coating Systems
- Nippon Paints
- Kansai Paint
- Tikkurila
- Berger Paints India
Key players competing in the global waterborne architectural coatings market include BASF, Akzonobel, PPG Industries, RPM International, The Sherwin-Williams, The Valspar, Axalta Coating Systems, Nippon Paints, Kansai Paint, Tikkurila, Berger Paints India.
Some of these players are using various business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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