Waterborne Coatings Market to Reach Valuation of USD 119.3 Billion by 2028 – Environmental Regulation Increasing Demand for VOC-free Coatings Drives the Market

In terms of revenue, the Global Waterborne Coatings Market is expected to reach USD 119.3 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 4.1% from 2022 to 2028.

The encouragement of construction activity worldwide is what fuels the rise. Over the projected period, it is anticipated that increasing building activity brought on by the rising industrialization and urbanization of the world will augment product demand. The extreme movement in coatings trends away from completely solvent-free coatings with lower emissions and toward low or high-volatility organic solvents is probably a factor in the rising demand for aqueous coatings in residential and commercial coating applications. Waterborne Coatings are primarily used in interior and outdoor wall paint compositions.

Key Highlights from Report

• Among Types, the Acrylic Resin market segment is anticipated to dominate the Waterborne Coatings Market with the largest market share in the forecast period. Because of their glossy color retention under outdoor exposure, acrylic aqueous coatings are anticipated to see significant demand from the infrastructure and automotive sectors.
• By Applications, the Architecture market segment accounted for the maximum CAGR during the forecast period. The main application areas were coatings for exterior architectural surfaces made of painted or treated wood, metal, plastic, and other materials.
• In terms of Region, Asia Pacific held the most significant market share and is expected to be the most gainful market during the forecast period. Because of the rising demand for aqueous coatings in the transportation and naval sectors, Germany was determined to have the quickest growth overall over the study period.

Market Dynamics

End-Use Industries, including the automotive, industrial, and infrastructure sectors, are anticipated to boost their need for Waterborne Coatings in the upcoming years. Due to their water content, which is close to 80%, these coatings are often favored over more conventional ones since they are good solvents with minimal VOC emissions. Synthetic resins, surfactants, additives, and pigments are some of the raw materials most frequently used to create aqueous coatings. The aforementioned raw materials support the production of different waterborne coating types, which are then applied to a variety of surfaces for use in general industry, architectural, wood, automotive OEM, coil, protective coatings, marine, industrial wood, metal packaging, and automotive refinishing, among other uses.

The market for aqueous coatings is expanding due to rising vehicle manufacturing in nations like Mexico, China, Malaysia, Germany, and Indonesia. In addition, the Middle East and Asia Pacific developing countries' increased construction activity should increase the market's growth. End users in these countries are increasingly looking for high-performance, application-specific pigments, and additives with superior corrosion resistance, which presents an intriguing opportunity for aqueous coatings manufacturers.

Asia Pacific Waterborne Coatings Market is expected to witness a noteworthy development with a significant growth rate over the analysis period. Europe dominates the Waterborne Coatings Market due to the building industry expansion brought on by the post-recession rebound. The replacement of solvent-borne coatings used in construction will also enhance demand for the product, which will fuel the development of the Waterborne Coatings Market in the area for the projected period.

The Global Waterborne Coatings Market is Segmented as follows

• Type
  • Acrylic
  • Polyestic
  • Alkyd
  • Epoxy
  • Polyurethane
  • PTFE
  • PVDF
  • PVDC
  • Other Types
• Applications
  • Architectural
  • Industrial
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Waterborne Coatings Market is

Akzo Nobel N.V. (Netherlands), BASF SE (Germany), AXALTA Coating Systems LLC (U.S.), Berger Paints India Limited (India), Kansai Paint Co. Ltd. (Japan), Nippon Paint Holdings Company Ltd. (Japan), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), Arkema (France), Benjamin Moore & Co. (U.S.), Hempel Group (Denmark), Jotun (Norway), KCC CORPORATION (South Korea), Sika AG (Switzerland), Covestro AG (Germany), The Dow Company (U.S.), Solvay AG (Belgium), Silberline Manufacturing Co. Inc. (U.S.), Hexion Inc. (U.S.)

The Global Waterborne Coatings Market Scope can be Tabulated as below