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Waterborne Coatings Market Size, Share & Trend | Report 2031

Waterborne Coatings Market

Name: Growth Market Reports
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Segments - by Resin Types (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF, and Others), Applications (Architectural, Automotive, Metal Packaging, Industrial Wood, Marine, Coil, and Others), and Regions (Asia-Pacific, North America, Europe, Latin America, and Middle-East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Report ID: MC-240
Author: Growth Market Reports

Rating: 4.7
Total Reviews: 76

No. Of Pages: 148
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Pub. Date: Upcoming
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Report Description

The global waterborne coatings market size was valued at USD 84.79 Billion in 2022 and is projected to reach USD 127.10 Billion by 2031, expanding at a CAGR of 4.6% during the forecast period, 2023-2031. The growth of the market is attributed to the rise in applications of waterborne coatings in the industry and residential sectors.

Waterborne coatings are used as surface coatings. The composition of the coatings may vary from each other. These types of coatings are made by mixing pigments and binders with water. Unlike paints, the waterborne coatings contain a minimum number of solvents.

Generally, after the preservation of these coatings, they do not redissolve in water. The waterborne coatings market holds a key share in the coatings industry. The low environmental impact and the recovering economic conditions during the global pandemic have enabled the waterborne coatings market to gain a significant market share.

Waterborne Coatings Market Trends, Drivers, Restraints, and Opportunities

Raw materials used in the manufacture of waterborne coatings mainly consist of pigments, additives, surfactants, and resins. The raw materials are used to manufacture different types of waterborne coatings, which are then used for varied applications such as industrial wood, marine, automotive, metal packing, and architectural.
Standards such as Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) by European Union (EU) and those by the US Environment Protection Agency (EPA) regularizes the waterborne coatings market.
Stringent environmental standards and good economic conditions have contributed to the growth of this industry. Along with this, factors such as the surge in demand for automotive, infrastructure, and architecture have significantly fueled the growth of the market.
Properties of waterborne coatings such as heat resistance, low flammability, and abrasion have attracted a large customer base.
Waterborne coatings help in the reduction of air emissions. They do not require thinners or hardeners to be mixed with them. Moreover, the pot life of waterborne coatings is high, hence they can be stored in any sealed container for further use. These factors propel the market.
Waterborne coatings have a low drying rate in high humidity areas. Additionally, it has a limited coating thickness of up to 1.2 inches. It requires corrosion-resistant equipment. Waterborne coatings are costlier in comparison with solvent-borne coatings. These factors tend to hinder market growth.
Growth in marine, coil, packing, and wood industries has provided promising opportunities in this industry.

Scope of Waterborne Coatings Market Report

The report on the global waterborne 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 Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Resin Types (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF, and Others), Applications (Architectural, Automotive, Metal Packaging, Industrial Wood, Marine, Coil, 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	BASF SE, Akzo Nobel N.V., RPM International Inc., Sherwin-Williams, Asian Paints, Axalta Coating Systems, LLC, Nippon Paint Holdings Co., Ltd. PPG Industries, Inc, and others

Waterborne Coatings Market Segment Insights

Resin Types Segment Analysis

Based on the types of resin, the global waterborne coatings market is bifurcated into acrylic, polyurethane, epoxy, alkyd, polyester, PTFE, PVDC, PVDF, and others. In 2019, the acrylic segment dominated the market, owing to its aesthetic properties and chemical characteristics.

The acrylic coatings are mainly used in infrastructure and automotive due to their gloss retention and high-quality color properties. The acrylic segment is anticipated to dominate the market in the forecast period. After the acrylic segment, the alkyd segment occupies the second position in this market. These waterborne coatings are mostly used in fillers, sealers, and caulks, owing to their flexibility.

Applications Segment Analysis

In terms of applications, the global waterborne coatings market is divided into architectural, automotive, metal packaging, industrial wood, marine, coil, and others. Architectural waterborne coatings shield buildings from harsh climatic conditions such as strong wind, rain, and sunlight.

Hence, the architecture industry is expected to hold a key market share in the forecast period. These coatings are also used in furniture and wall paintings. The growth of the construction industry is expected to have a positive effect on this market.

Regional Analysis

On the basis of regions, the global waterborne coatings market is segmented into Asia-Pacific, North America, Europe, Latin America, and Middle-East & Africa. The market in the Asia Pacific region is expected to grow at a robust CAGR in the coming years.

Growing demand from construction, marine, and automotive industries from developing countries is expected to drive the market in this region. In the Asia Pacific region, it is anticipated that China will lead the demand, due to its high capacity of manufacturing and rising GDP. Rising demand from the automobile sector in Malaysia, Indonesia, Mexico, and Germany is anticipated to expand the market for waterborne coatings.

Segments

The global waterborne coatings market has been segmented on the basis of

Resin Types

Acrylic
Polyurethane
Epoxy
Alkyd
Polyester
PTFE
PVDC
PVDF
Others

Applications

Architectural
Automotive
Metal Packaging
Industrial Wood
Marine
Coil
Others

Regions

Asia-Pacific
North America
Europe
South America
Middle-East & Africa

Key Players

BASF SE
Akzo Nobel N.V.
RPM International Inc.
Sherwin-Williams
Asian Paints
Axalta Coating Systems LLC
Nippon Paint Holdings Co. Ltd.
PPG Industries Inc
Others

Competitive Landscape

The key market players in this market are BASF SE, Akzo Nobel N.V., RPM International Inc., Sherwin-Williams, Asian Paints, Axalta Coating Systems, LLC, Nippon Paint Holdings Co., Ltd. PPG Industries, Inc, and others.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waterborne 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 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 Coatings Market - Supply Chain
  4.5. Global Waterborne Coatings Market Forecast
     4.5.1. Waterborne Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Waterborne Coatings Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Waterborne Coatings Market Absolute $ Opportunity
5. Global Waterborne Coatings Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Waterborne Coatings Market Size and Volume Forecast by Types
     5.3.1. Acrylic, Polyurethane
     5.3.2. Epoxy
     5.3.3. Alkyd
     5.3.4. Polyester
     5.3.5. PTFE
     5.3.6. PVDC
     5.3.7. PVDF
     5.3.8. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Waterborne Coatings Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Waterborne Coatings Market Size and Volume Forecast by Applications
     6.3.1. Architectural
     6.3.2. Automotive
     6.3.3. Metal Packaging
     6.3.4. Industrial Wood
     6.3.5. Marine
     6.3.6. Coil
     6.3.7. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Waterborne Coatings Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Waterborne Coatings Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Waterborne Coatings Demand Share Forecast, 2019-2026
8. North America Waterborne 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
  8.2. North America Waterborne Coatings Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Waterborne Coatings Market Size and Volume Forecast by Types
     8.4.1. Acrylic, Polyurethane
     8.4.2. Epoxy
     8.4.3. Alkyd
     8.4.4. Polyester
     8.4.5. PTFE
     8.4.6. PVDC
     8.4.7. PVDF
     8.4.8. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Waterborne Coatings Market Size and Volume Forecast by Applications
     8.7.1. Architectural
     8.7.2. Automotive
     8.7.3. Metal Packaging
     8.7.4. Industrial Wood
     8.7.5. Marine
     8.7.6. Coil
     8.7.7. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Waterborne Coatings Demand Share Forecast, 2019-2026
9. Latin America Waterborne 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. Latin America Average Pricing Analysis
  9.2. Latin America Waterborne Coatings Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Waterborne Coatings Market Size and Volume Forecast by Types
     9.4.1. Acrylic, Polyurethane
     9.4.2. Epoxy
     9.4.3. Alkyd
     9.4.4. Polyester
     9.4.5. PTFE
     9.4.6. PVDC
     9.4.7. PVDF
     9.4.8. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Waterborne Coatings Market Size and Volume Forecast by Applications
     9.7.1. Architectural
     9.7.2. Automotive
     9.7.3. Metal Packaging
     9.7.4. Industrial Wood
     9.7.5. Marine
     9.7.6. Coil
     9.7.7. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Waterborne Coatings Demand Share Forecast, 2019-2026
10. Europe Waterborne 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. Europe Average Pricing Analysis
  10.2. Europe Waterborne Coatings Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Waterborne Coatings Market Size and Volume Forecast by Types
     10.4.1. Acrylic, Polyurethane
     10.4.2. Epoxy
     10.4.3. Alkyd
     10.4.4. Polyester
     10.4.5. PTFE
     10.4.6. PVDC
     10.4.7. PVDF
     10.4.8. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Waterborne Coatings Market Size and Volume Forecast by Applications
     10.7.1. Architectural
     10.7.2. Automotive
     10.7.3. Metal Packaging
     10.7.4. Industrial Wood
     10.7.5. Marine
     10.7.6. Coil
     10.7.7. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Waterborne Coatings Demand Share Forecast, 2019-2026
11. Asia Pacific Waterborne 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Waterborne Coatings Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Waterborne Coatings Market Size and Volume Forecast by Types
     11.4.1. Acrylic, Polyurethane
     11.4.2. Epoxy
     11.4.3. Alkyd
     11.4.4. Polyester
     11.4.5. PTFE
     11.4.6. PVDC
     11.4.7. PVDF
     11.4.8. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Waterborne Coatings Market Size and Volume Forecast by Applications
     11.7.1. Architectural
     11.7.2. Automotive
     11.7.3. Metal Packaging
     11.7.4. Industrial Wood
     11.7.5. Marine
     11.7.6. Coil
     11.7.7. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Waterborne Coatings Demand Share Forecast, 2019-2026
12. Middle East & Africa Waterborne Coatings Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Waterborne Coatings Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Waterborne Coatings Market Size and Volume Forecast by Types
     12.4.1. Acrylic, Polyurethane
     12.4.2. Epoxy
     12.4.3. Alkyd
     12.4.4. Polyester
     12.4.5. PTFE
     12.4.6. PVDC
     12.4.7. PVDF
     12.4.8. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Waterborne Coatings Market Size and Volume Forecast by Applications
     12.7.1. Architectural
     12.7.2. Automotive
     12.7.3. Metal Packaging
     12.7.4. Industrial Wood
     12.7.5. Marine
     12.7.6. Coil
     12.7.7. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Waterborne Coatings Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Waterborne Coatings Market: Market Share Analysis
  13.2. Waterborne Coatings Distributors and Customers
  13.3. Waterborne Coatings Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BASF SE
     13.4.2. Akzo Nobel N.V.
     13.4.3. RPM International Inc.
     13.4.4. Sherwin-Williams
     13.4.5. Asian Paints
     13.4.6. Axalta Coating Systems LLC
     13.4.7. Nippon Paint Holdings Co. Ltd.
     13.4.8. PPG Industries Inc
     13.4.9. Others

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