logo

Water-borne Coatings Market Size (2024 - 2029)

The waterborne coatings market is anticipated to experience significant growth, driven primarily by the rising demand in the building and construction sector. Opportunities are emerging from the development of bio-based products and increased governmental support aimed at reducing VOC emissions. The Asia-Pacific region leads in market consumption, with countries like India and China at the forefront.

Home Market Analysis Chemicals & Materials Research Paints and Coatings Research Waterborne Coatings Research Waterborne Coatings Industry Market Size

Market Size of Water-borne Coatings Industry

Waterborne Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Waterborne Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Waterborne Coatings Market Analysis

The market for water-borne coatings is expected to grow at a CAGR of more than 5.5% during the forecast period. Major factors driving the market studied is increasing demand for building and construction.

  • The development of bio-based products and increasing government support due to VOC emissions is likely to act as an opportunity.
  • Asia-Pacific dominated the market across the globe with the largest consumption in countries such as India, China, etc.

Waterborne Coatings Industry Segmentation

The water-borne coatings market report includes:

Resin Type
Acrylic
Epoxy
Polyurethane
Polyester
Alkyd
Polyvinylidene Chloride (PVDC)
Polyvinylidene Fluoride (PVDF)
Other Resin Types
End-user Industry
Building and Construction
Automotive
Industrial
Wood
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Water-borne Coatings Market Size Summary

The waterborne coatings market is poised for significant growth, driven primarily by the increasing demand in the building and construction sectors. The market is characterized by the development of bio-based products and heightened government support aimed at reducing VOC emissions, presenting substantial opportunities for expansion. The Asia-Pacific region leads the global market, with countries like India and China exhibiting the highest consumption levels. Acrylic-based resins, known for their resistance to hydrolysis and excellent weather resistance, play a crucial role in this market. These resins are particularly valued for their transparency, UV resistance, and color retention, making them ideal for exterior applications. Their application spans various sectors, including construction, marine, electrical, and machinery, with a notable emphasis on reducing environmental concerns related to VOC emissions.

China's architectural boom significantly contributes to the market's growth, fueled by the demand for affordable housing and substantial government investments in infrastructure projects such as railways, highways, and urban rail systems. This expansion in the construction and transportation sectors is expected to positively impact the paints and coatings market. Although the automotive industry faces a decline in traditional vehicle production, the rise of electric vehicles is anticipated to boost the demand for waterborne coatings. The market is consolidated, with major players like AkzoNobel N.V, Arkema Group, Dow, PPG Industries, Inc., and The Sherwin-Williams Company leading the industry. These factors collectively suggest a robust growth trajectory for the waterborne coatings market in the coming years.

Explore More

Water-borne Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Building and Construction

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Epoxy

      3. 2.1.3 Polyurethane

      4. 2.1.4 Polyester

      5. 2.1.5 Alkyd

      6. 2.1.6 Polyvinylidene Chloride (PVDC)

      7. 2.1.7 Polyvinylidene Fluoride (PVDF)

      8. 2.1.8 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Automotive

      3. 2.2.3 Industrial

      4. 2.2.4 Wood

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Water-borne Coatings Market Size FAQs

The Water-borne Coatings Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

Arkema Group, Dow, PPG Industries Inc, The Sherwin-Williams Company, and AkzoNobel N.V. are the major companies operating in the Water-borne Coatings Market.

Waterborne Coatings Market Report Snapshots

Waterborne Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)