Waterborne Coatings Market Size, Share and Industry Analysis Report by Type (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF), and Application (Architectural, General Industrial, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil), Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jul 2021  |  Report ID: GMI1708  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 259   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Overview

Global waterborne coatings market size exceeded USD 75 billion in 2020 and is estimated to grow at a CAGR of 6% between 2021 and 2027. Growing product demand from the automotive sector due to low toxicity levels and rising adoption in various applications including metal packaging and coil will drive the industry growth during the forecast period.
 

Waterborne coatings are surface coatings which contain 80% water and a small quantity of other solvents such as polyvinyl ether and glycol. These coatings are environment friendly and are used across various applications including automotive refinish, coils, protective coatings, marine and industrial wood.
 

Waterborne Coatings Market Outlook

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Rise in demand for waterborne coatings in marine applications such as anti-corrosion, anti-fouling and self-cleaning agents should boost market growth. The presence of stringent environmental regulations in the marine industry is anticipated to support business growth. The waterborne coatings market has also witnessed increased consumption in industrial wood applications such as furniture, flooring, specialty wood product and mill work. The product helps protect wood and wood substrates from scratches, chemical abrasion and corrosion.
 

Rise in demand for acrylic coatings for exterior and interior surface application to drive waterborne coating sales

Global waterborne acrylic coatings segment surpassed USD 45 billion in 2020 and is anticipated to witness significant gains over the forecast timeframe. The product provides excellent flexibility, adhesion, good resistance to heat and requires less amount of coating to cover a particular surface as compared to other solvent-borne coatings. Acrylic coating is widely used on exterior and interior surfaces such as doors, trim, frames, and wall surfaces.
 

Waterborne Coatings Market by Acrylic Coating Type

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Acrylic coatings offer benefits of excellent color retention and high gloss and are therefore highly preferred for topcoats and metal finishes. Furthermore, the product is also used for home and architectural paints, direct-to-metal exterior coatings for railroad boxcars and hopper cars, thereby accelerating the waterborne coatings market growth during the forecast time span.
 

Growth in demand for architectural applications including floor finishes and interior wall paints should augment market growth

Waterborne Coatings Market by Architectural Application

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The architectural applications segment is anticipated to surpass USD 10 billion by 2027. The product offers eco-friendly characteristics including low volatile organic content (VOC) levels owing to which it is widely used for architectural applications. Coatings on architectural surfaces are used to protect and decorate the surface features from outer as well as inner surface. Rise in demand for water-based coatings rather than solvent-based coatings for architectural applications should propel the waterborne coatings market growth.
 

The product offers beneficial characteristics of low-odor, safe and easy clean-up which has promoted product utilization in the architectural sector, thereby stimulating market growth. Growth in usage for interior wall paints, floor finishes, façade paints and wood will augment the market scope.
 

Stringent environmental regulations and growing use in automotive applications should stimulate market growth in North America

Waterborne Coatings Market by Region

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North America industry is poised to surpass USD 25 billion by the end of 2027. Stringent government regulations for supporting eco-friendly products should boost product demand owing to its non-toxic nature. Increasing vehicle manufacturing in the region presents ample growth opportunities.
 

Waterborne coatings can protect vehicles against abrasion, acid rain, UV radiation, heat resistant and severe weather. Automotive OEMs’ inclination towards these coatings owing to its superior characteristics along with use of environmentally safe products should foster product demand.
 

Key business strategies adopted by manufacturers include as mergers and acquisitions

The waterborne coatings industry is competitive and includes various players such as Sika AG, BASF SE, Arkema S.A., Hempel, RPM International Inc, AkzoNobel N.V., Teknos, DuPont, PPG Industries Inc and Nippon Paints Co. Ltd. Companies are primarily engaged in business strategies such as production expansion, merger and acquisitions for business expansion.
 

Global Waterborne Coatings market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD million from 2016 to 2027 for the following segments:

By Type

  • Acrylic
  • Polyurethane
  • Epoxy
  • Alkyd
  • Polyester
  • PTFE
  • PVDC
  • PVDF
  • Others

By Application

  • Architectural
  • General Industrial
  • Automotive OEM
  • Metal Packaging
  • Protective Coatings
  • Automotive Refinish
  • Industrial Wood
  • Marine
  • Coil
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Malaysia
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

Waterborne acrylic coatings industry share surpassed USD 45 billion in 2020 and will witness robust demand owing to excellent adhesion, flexibility, and heat resistance of the compounds.
Waterborne coatings industry share from architectural applications could hit the USD 10 billion mark by 2027 owing to the increased need for low-VOC materials.
The global market for waterborne coatings was worth USD 75 billion in 2020 and should grow at a 6% CAGR up to 2027 with consistent use across the automobile sector.
North America waterborne coatings industry share could reach USD 25 billion by the end of 2027 due to higher focus on adopting eco-friendly coatings.

Premium Report Details

  • Published Date: Jul 2021
  • Pages: 259
  • Tables: 188
  • Charts / Figures: 46
  • Companies covered: 20
  • Countries covered: 19

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