Market Size of Water-borne Coatings Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 | |||||||
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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.
Water-borne Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Building and Construction
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1.1.2 Other Drivers
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1.2 Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Acrylic
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2.1.2 Epoxy
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2.1.3 Polyurethane
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2.1.4 Polyester
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2.1.5 Alkyd
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2.1.6 Polyvinylidene Chloride (PVDC)
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2.1.7 Polyvinylidene Fluoride (PVDF)
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2.1.8 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Automotive
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2.2.3 Industrial
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2.2.4 Wood
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Water-borne Coatings Market Size FAQs
What is the current Water-borne Coatings Market size?
The Water-borne Coatings Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Water-borne Coatings Market?
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.
