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Waterborne Coatings Market Size
- Report ID: GMI1708
- Published Date: Jul 2021
- Report Format: PDF
Waterborne Coatings Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Waterborne Coatings Market Size in 2020: | 78660.4 (USD Million) |
| Forecast Period: | 2021 to 2027 |
| 2027 Value Projection: | 115 Billion (USD) |
| Historical Data for: | 2016 to 2027 |
| No. of Pages: | 259 |
| Tables, Charts & Figures: | 234 |
| Segments covered: | Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Waterborne Coatings Market Scope
