Global Waterborne Coating Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
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May 2023
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Global Waterborne Coating Market Overview:
“The global Waterborne Coating Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Waterborne coating is surface treatment that uses water as a solvent to separate the resin that is used to make coating or paint. Waterborne coating is prepared through an eco-friendly process. Usually Polyacrylate, polyvinyl ether, or polyurethane resin are the major binders for waterborne coatings. Other resins such as Epoxy and alkyd resins can be formulated for various waterborne coating application.
Increasing demand for waterborne coating from automotive sector is a major factor driving growth of the global waterborne coating market. In addition, wide applicability of waterborne coating in various sectors such as metal coating, agriculture coating, packaging coating, etc., is another factor expected to boost growth of the global waterborne coating market. Moreover, increasing use of waterborne acrylic resin in construction sector is also expected to support growth of the global waterborne coating market.
Waterborne coating is more sensitive to temperature and humidity, which is expected to hamper growth of the global waterborne coating market. However, shifting preference towards use of environmental friendly products that are less harmful on surroundings is expected to spur growth of the target market over the forecast period.
The market in Asia Pacific is expected to account for major market share in terms of consumption, due to booming industrial, agricultural and construction industries in emerging economies. In addition, rising demand from automotive sector for waterborne coating is expected to contribute to growth of the market in this region. Countries such as US, Canada, Germany are expected to contribute major share in global waterborne coating market. This can be attributed to increasing demand from packaging sector, architectural sector, easy availability of resources, and shifting preference towards use of environmental friendly products in these countries.
Global Waterborne Coating Segmentation:
By Product:
- Acrylic
- Polyurethane (PU)
- Alkyd
- Epoxy
- Polyester
- Polytetrafluoroethylene (PTFE)
- Others (polyvinylidene chloride (PVDC), polyvinylidene floride (PVDF), etc.)
By Application:
- Wood
- Architectural
- General Industrial
- Protective
- Coil
- Automotive
- Packaging
- Marine
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- RPM International Inc.
- The Valspar Corporation
- Tikkurila Oyj
- Akzo Nobel N.V.
- Berger Paints India Limited
- BASF SE
- PPG Industries, Inc.
- Axalta Coatings Systems LLC
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
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