Overview and Scope
Waterborne coatings are coatings that use water as a solvent to spread a resin, making them environmentally safe and simple to apply. Waterborne coatings utilize binders such as copolymers of acrylic, vinyl, and styrene compounds.
Sizing and Forecast
The water borne coatings market size has grown strongly in recent years. It will grow from <b>$114.2 billion in 2023 to $121.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. </b> The growth in the historic period can be attributed to consumer demand for eco-friendly products, health and safety concerns, architectural applications, automotive and transportation sector.
The water borne coatings market size is expected to see strong growth in the next few years. It will grow to <b>$152.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. </b> The growth in the forecast period can be attributed to renewable energy infrastructure, infrastructure and construction expansion, advanced material technologies, smart coatings and specialty applications. Major trends in the forecast period include bio-based waterborne coatings, high-performance formulations, nanotechnology integration, sustainability certifications.
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Segmentation & Regional Insights
The water borne coatings market covered in this report is segmented –
1) By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types
2) By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial
3) By End Userr Industry: Bilding and Construction, Automotive, Industrial, Wood, Other End-User Industries
<b>Asia-Pacific</b> was the largest region in the water-borne coatings market in 2023. <b>Western Europe</b> was the second-largest region in the global water-borne coatings market analysis. The regions covered in the water borne coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
There is a rapid growth in the consumption of water-borne coatings in many industries, such as automotive, construction, and manufacturing. Water-borne coatings are widely used in printing inks, in the automotive OEM sector, plastics, and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for waterborne coatings.
Key Industry Players
Major companies operating in the water borne coatings market include <b> AkzoNobel NV, BASF SE, Axalta Coating Systems Ltd., Berger Paints Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., Sherwin-Williams Company, The Valspar Corporation, Tikkurila Oyj, Asian Paints Ltd., Benjamin Moore & Co., Jotun A/S, Chenyang Waterborne Paint, Sika AG, Hempel A/S, Shalimar Paints Limited, S K Kaken Co. Ltd, Beckers Group, Dunn-Edwards Corporation, Diamond Vogel Paint Company, Kelly-Moore Paints, Vista Paint Corporation, Indigo Paints Pvt. Ltd., Arkema Group, Carboline Company, Chugoku Marine Paints Ltd., Cloverdale Paint Inc., Diamond Vogel Inc., Masco Corporation, Rust-Oleum Corporation, Sakata Inx Corporation, Tnemec Company Inc. </b>
The water borne coatings market report table of contents includes:
1. Executive Summary
2. Water Borne Coatings Market Characteristics
3. Water Borne Coatings Market Trends And Strategies
4. Water Borne Coatings Market – Macro Economic Scenario
5. Global Water Borne Coatings Market Size and Growth
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31. Global Water Borne Coatings Market Competitive Benchmarking
32. Global Water Borne Coatings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Water Borne Coatings Market
34. Water Borne Coatings Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
AkzoNobel NV
BASF SE
Axalta Coating Systems Ltd.
Berger Paints Ltd.
Kansai Paint Co. Ltd
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