Waterborne Architectural Coatings Market Size, Trends [2031]

Segments - 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 2023 – 2031.

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The global waterborne architectural coatings market size was USD 84.32 Billion in 2022 and is likely to reach USD 124.23 Billion by 2031 , expanding at a CAGR of 4.4% during 2023–2031. 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.

Waterborne Architectural Coatings Market Outlook

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.

Attributes	Details
Report Title	Waterborne Architectural Coatings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Category (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF and PVDC) Application (Architectural, Automotive, Industrial, Marine, Packaging and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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

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.

Waterborne Architectural Coatings Market Application

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.

Waterborne Architectural Coatings Market Region

Segments

Applications

Architectural
Automotive
Industrial
Marine
Packaging

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Companies

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.

Waterborne Architectural Coatings Market Keyplayers

Table Of Content

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 (000â€™ 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