What Is The Current and Historic Market Size Analysis Of The Water Borne Coatings Market?
The water borne coatings market has seen considerable growth due to a variety of factors.
• In recent years, the market size for water borne coatings has seen solid growth. The market value is expected to increase from $121.42 billion in 2024 to $129.81 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.9%.
The historic expansion is largely due to increased consumer preference for eco-friendly products, concerns over health and safety, architectural applications, and the automotive and transportation industry.
What Is The Forecast For The Water Borne Coatings Market Size?
The water borne coatings market is expected to maintain its strong growth trajectory in upcoming years.
• The predicted expansion for the water borne coatings market in the coming years is sizable, with an estimated growth that will push the market to be valued at $163.07 billion by 2029. This progress is expected to happen at a compound annual growth rate (CAGR) of 5.9%.
The rise during the projected period can be linked to factors such as the development of renewable energy infrastructure, expansion of infrastructure and construction, advancements in material technologies, the use of smart coatings and specialty applications. In the forecasted period, key trends are anticipated to be bio-based waterborne coatings, high-performance formulations, the incorporation of nanotechnology, and sustainability certifications.
What Are The Essential Drivers Behind The Growth Of The Water Borne Coatings Market?
The demand for water-borne coatings has seen a quick surge across various sectors, including automotive, construction, and manufacturing. These coatings find extensive application in printing inks, the automotive OEM sector, plastics, and other production industries. As a result, the expansion of end-user industries is likely to fuel the waterborne coatings market's growth.
How Is The Global Water Borne Coatings Market Divided Into Key Segments?
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
Subsegments:
1) By Acrylic: Water-Based Acrylic Coatings, Acrylic Emulsions, Acrylic Resins
2) By Epoxy: Water-Based Epoxy Coatings, Waterborne Epoxy-Ester Coatings
3) By Polyurethane: Waterborne Polyurethane Coatings, Aliphatic Waterborne Polyurethane Coatings, Aromatic Waterborne Polyurethane Coatings
4) By Polyester: Waterborne Polyester Coatings, Polyester Resins For Waterborne Applications
5) By Alkyd: Water-Based Alkyd Coatings, Modified Alkyd Coatings (Long Oil, Short Oil)
6) By Polyvinylidene Chloride (PVDC): PVDC Waterborne Coatings For Food Packaging, PVDC Latex Coatings
7) By Polyvinylidene Fluoride (PVDF): Waterborne PVDF Coatings For Industrial Applications, PVDF-Based Architectural Coatings
8) By Other Types: Silane-Based Coatings, Silicone-Based Coatings, Hybrid Coatings
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What Trends Are Shaping The Water Borne Coatings Market?
Companies are increasingly embracing smart coatings and advanced coating technologies to improve the performance of coating compounds. Notably, nanocoatings, a specific kind of smart coating composed of extraordinarily small particles, offer unique features such as flexibility, resistance to both corrosion and micro-bacterial growth. Fluoropolymer coating, recognized for its superior features, provides durability and cost-effectiveness.
Who Are the Key Players In The Water Borne Coatings Market?
Major companies operating in the water borne coatings market include:
• 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.
What Are The Regional Insights Into The Water Borne Coatings Market?
Asia-Pacific was the largest region in the water-borne coatings market in 2023. Western Europe 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.
