Waterborne Coatings Market Size & Share 2021 to 2027

Market Size by Type (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF), by Application (Architectural, General Industrial, Automotive OEM, Metal Packaging, Protective Coatings, Industrial Wood, Marine, Coil) & Forecast.
Report ID: GMI1708
   |
Published Date: July 2021
 | 
Report Format: PDF

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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.
 

Waterborne Coatings Market Outlook

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.
 

 

Waterborne Coatings Market Analysis

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

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.
 

Waterborne Coatings Market by Architectural Application

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.
 

Waterborne Coatings Market by Region

 

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.
 

Waterborne Coatings Market Share

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
  • 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
       
Authors: Kiran Pulidindi, Kunal Ahuja
Waterborne Coatings Market Scope
  • Waterborne Coatings Market Size
  • Waterborne Coatings Market Trends
  • Waterborne Coatings Market Analysis
  • Waterborne Coatings Market Share

Report Content:

Chapter 1   Methodology & Scope

1.1    Methodology

1.2    Market definitions

1.3    Market estimation & forecast parameters

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid Sources

1.4.2.2    Public Sources

Chapter 2   Executive Summary

2.1    Waterborne Coatings industry 3600 synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Type trends

2.1.4    Application trends

Chapter 3   Waterborne Coatings Industry Insights

3.1    Industry segmentation

3.2    Covid-19 impact on world economy

3.3    Industry ecosystem analysis

3.4    Vendor Matrix

3.4.1    Distribution channel analysis

3.4.1.1    Collaborations/Partnerships

3.4.1.2    Distributors

3.4.2    COVID-19 impact on industry value chain

3.5    Regulatory landscape

3.5.1    U.S.

3.5.1.1    Clean Air and Toxicity Control Act

3.5.2    Europe

3.5.2.1    Limitation of emissions of VOCs owing to the use of organic solvents in certain activities and installations

3.5.3    Hong Kong

3.5.3.1    Controls and Requirements of the VOC Regulation

3.6    Cost Structure Analysis

3.7    Pricing analysis

3.7.1    Acrylic

3.7.2    Polyurethane

3.7.3    Epoxy

3.7.4    Alkyd

3.7.5    Polyester

3.7.6    PTFE

3.7.7    PVDC

3.7.8    PVDF

3.7.9    Others

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1    North America: Growing building & non-building sector may fuel product demand

3.8.1.2    Europe: Strong showing of automotive sector is anticipated to fuel product demand by 2027

3.8.1.3    Asia Pacific: Increasing spending for infrastructural development

3.8.2    Industry pitfalls & challenges

3.8.2.1    Weak performance in some application and inconsistent VOC regulation globally can affect the market growth.

3.9    Innovation and sustainability

3.10    Growth potential analysis

3.10.1    Emerging business models

3.10.1.1    Collaborations/Joint Ventures

3.10.1.2    Acquisitions

3.10.1.3    New product launches

3.11    Porter’s analysis

3.12    Competitive landscape, 2020

3.12.1    Strategy dashboard

3.13    PESTEL analysis

3.14    COVID-19 impact on waterborne coatings demand, by application

3.14.1    Architectural

3.14.2    General Industrial

3.14.3    Automotive OEM

Chapter 4   Waterborne Coatings Market, By Raw Material

4.1    Key type trends

4.2    Acrylic

4.2.1    Global acrylic waterborne coatings market, 2016 – 2027

4.2.2    Global acrylic waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.3    Polyurethane waterborne coatings

4.3.1    Global polyurethane waterborne coatings market, 2016 – 2027

4.3.2    Global polyurethane waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.4    Epoxy

4.4.1    Global epoxy waterborne coatings market, 2016 – 2027

4.4.2    Global epoxy waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.5    Alkyd

4.5.1    Global alkyd waterborne coatings market, 2016 – 2027

4.5.2    Global alkyd waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.6    Polyester

4.6.1    Global polyester waterborne coatings market, 2016 – 2027

4.6.2    Global Polyester waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.7    PTFE

4.7.1    Global PTFE waterborne coatings market, 2016 – 2027

4.7.2    Global PTFE waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.8    PVDC

4.8.1    Global PVDC waterborne coatings market, 2016 – 2027

4.8.2    Global PVDC waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.9    PVDF

4.9.1    Global PVDF waterborne coatings market, 2016 – 2027

4.9.2    Global PVDF waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

4.10    Others

4.10.1    Global others waterborne coatings market, 2016 – 2027

4.10.2    Global Others waterborne coatings market, by region, 2016 - 2027, (Kilo Tons) (USD Million)

Chapter 5   Waterborne Coatings Market, By Application

5.1    Key application trends

5.2    Architectural

5.2.1    Global waterborne coatings market from architectural application, 2016 – 2027

5.2.2    Global waterborne coatings market volume and revenue from architectural application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.3    General Industrial

5.3.1    Global waterborne coatings market from general industrial application, 2016 – 2027

5.3.2    Global waterborne coatings market volume and revenue from general industrial application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.4    Automotive OEM

5.4.1    Global waterborne coatings market from automotive OEM application, 2016 – 2027

5.4.2    Global waterborne coatings market volume and revenue from automotive OEM application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.5    Metal Packaging

5.5.1    Global waterborne coatings market from coatings application, 2016 – 2027

5.5.2    Global waterborne coatings market volume and revenue from metal packaging, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.6    Protective coatings

5.6.1    Global waterborne coatings market from protective coatings, 2016 – 2027

5.6.2    Global waterborne coatings market volume and revenue from protective coatings, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.7    Automotive Refinish

5.7.1    Global waterborne coatings market from automotive refinish application, 2016 – 2027

5.7.2    Global waterborne coatings market volume and revenue from automotive refinish application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.8    Industrial Wood

5.8.1    Global waterborne coatings market from industrial wood application, 2016 – 2027

5.8.2    Global waterborne coatings market volume and revenue from industrial wood application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.9    Marine

5.9.1    Global waterborne coatings market from marine application, 2016 – 2027

5.9.2    Global waterborne coatings market volume and revenue from marine application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.10    Coil

5.10.1    Global waterborne coatings market from coil application, 2016 – 2027

5.10.2    Global waterborne coatings market volume and revenue from coil application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

5.11    Others

5.11.1    Global waterborne coatings market from others application, 2016 – 2027

5.11.2    Global waterborne coatings market volume and revenue from others application, by region, 2016 - 2027, (Kilo Tons) (USD Million)

Chapter 6   Waterborne Coatings Market, By Region

6.1    Key regional trends

6.2    North America

6.2.1    North America waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.2.2    North America waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.3    North America waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.4    U.S.

6.2.4.1    U.S. waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.2.4.2    U.S. waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.4.3    U.S. waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.5    Canada

6.2.5.1    Canada waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.2.5.2    Canada waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.5.3    Canada waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.6    Mexico

6.2.6.1    Mexico waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.2.6.2    Mexico waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.2.6.3    Mexico waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.3    Europe

6.3.1    Europe waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.3.2    Europe waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.3    Europe waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.4    Germany

6.3.4.1    Germany waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.3.4.2    Germany waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.4.3    Germany waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.5    UK

6.3.5.1    UK waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.3.5.2    UK waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.5.3    UK waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.6    France

6.3.6.1    France waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.3.6.2    France waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.6.3    France waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.7    Italy

6.3.7.1    Italy waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.3.7.2    Italy waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.7.3    Italy waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.8    Russia

6.3.8.1    Russia waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.3.8.2    Russia waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.3.8.3    Russia waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4    Asia Pacific (APAC)

6.4.1    APAC waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.2    APAC waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.3    APAC waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.4    China

6.4.4.1    China waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.4.2    China waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.4.3    China waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.5    Japan

6.4.5.1    Japan waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.5.2    Japan waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.5.3    Japan waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.6    India

6.4.6.1    India waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.6.2    India waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.6.3    India waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.7    South Korea

6.4.7.1    South Korea waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.7.2    South Korea waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.7.3    South Korea waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.8    Australia

6.4.8.1    Australia waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.8.2    Australia waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.8.3    Australia waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.9    Malaysia

6.4.9.1    Malaysia waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.9.2    Malaysia waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.9.3    Malaysia waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.10    Thailand

6.4.10.1    Thailand waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.4.10.2    Thailand waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.4.10.3    Thailand waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.5    Latin America (LATAM)

6.5.1    LATAM waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.5.2    LATAM waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.5.3    LATAM waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.5.4    Brazil

6.5.4.1    Brazil waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.5.4.2    Brazil waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.5.4.3    Brazil waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.6    Middle East & Africa (MEA)

6.6.1    MEA waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.6.2    MEA waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.3    MEA waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.4    Saudi Arabia

6.6.4.1    Saudi Arabia waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.6.4.2    Saudi Arabia waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.4.3    Saudi Arabia waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.5    UAE

6.6.5.1    UAE waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.6.5.2    UAE waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.5.3    UAE waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.6    South Africa

6.6.6.1    South Africa waterborne coatings market, 2016-2027, (Kilo Tons) (USD Million)

6.6.6.2    South Africa waterborne coatings market, by type, 2016 - 2027, (Kilo Tons) (USD Million)

6.6.6.3    South Africa waterborne coatings market, by application, 2016 - 2027, (Kilo Tons) (USD Million)

Chapter 7   Company Profiles

7.1    RPM International Inc.

7.1.1    Business Overview

7.1.2    Financial Data

7.1.3    Product Landscape

7.1.4    SWOT Analysis

7.2    Arkema S.A.

7.2.1    Business Overview

7.2.2    Financial Data

7.2.3    Product Landscape

7.2.4    SWOT Analysis

7.3    AkzoNobel N.V.

7.3.1    Business Overview

7.3.2    Financial Data

7.3.3    Product Landscape

7.3.5    Strategic Outlook

7.4    Jotun

7.4.1    Business Overview

7.4.2    Financial Data

7.4.3    Product Landscape

7.4.4    SWOT Analysis

7.5    Hempel

7.5.1    Business Overview

7.5.2    Financial Data

7.5.3    Product Landscape

7.5.4    SWOT Analysis

7.6    KCC CORPORATION

7.6.1    Business Overview

7.6.2    Financial Data

7.6.3    Product Landscape

7.6.4    SWOT Analysis

7.7    Benjamin Moore & Co.

7.7.1    Business Overview

7.7.2    Financial Data

7.7.3    Product Landscape

7.7.4    SWOT Analysis

7.8    Sika AG

7.8.1    Business Overview

7.8.2    Financial Data

7.8.3    Product Landscape

7.8.4    SWOT Analysis

7.9    Teknos

7.9.1    Business Overview

7.9.2    Financial Data

7.9.3    Product Landscape

7.9.4    SWOT Analysis

7.9.5    Strategic Outlook

7.10    Novatic - The Coatings Group

7.10.1    Business Overview

7.10.2    Financial Data

7.10.3    Product Landscape

7.10.4    SWOT Analysis

7.11    DuPont Performance Coatings

7.11.1    Business Overview

7.11.2    Financial Data

7.11.3    Product Landscape

7.11.4    SWOT Analysis

7.11.5    Strategic Outlook

7.12    BASF SE

7.12.1    Business Overview

7.12.2    Financial Data

7.12.3    Product Landscape

7.12.4    SWOT Analysis

7.12.5    Strategic Outlook

7.13    Axalta Coating systems LLC

7.13.1    Business Overview

7.13.2    Financial Data

7.13.3    Product Landscape

7.13.4    SWOT Analysis

7.13.5    Strategic Outlook

7.14    PPG Industries Inc

7.14.1    Business Overview

7.14.2    Financial Data

7.14.3    Product Landscape

7.14.4    SWOT Analysis

7.14.5    Strategic Outlook

7.15    Kansai Paint Co. Ltd

7.15.1    Business Overview

7.15.2    Financial Data

7.15.3    Product Landscape

7.15.4    SWOT Analysis

7.15.5    Strategic Outlook

7.16    Nippon Paint Co., Ltd

7.16.1    Business Overview

7.16.2    Financial Data

7.16.3    Product Landscape

7.16.4    SWOT Analysis

7.16.5    Strategic Outlook

7.17    The Valspar Corporation

7.17.1    Business Overview

7.17.2    Financial Data

7.17.3    Product Landscape

7.17.4    SWOT Analysis

7.18    The Sherwin-Williams Company

7.18.1    Business Overview

7.18.2    Financial Data

7.18.3    Product Landscape

7.18.4    SWOT Analysis

7.18.5    Strategic Outlook

7.19    Berger Paints India Ltd

7.19.1    Business Overview

7.19.2    Financial Data

7.19.3    Product Landscape

7.19.4    SWOT Analysis

7.19.5    Strategic Outlook

7.20    Tikkurila

7.20.1    Business Overview

7.20.2    Financial Data

7.20.3    Product Landscape

7.20.4    SWOT Analysis

Authors: Kiran Pulidindi, Kunal Ahuja

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Base Year: 2020

Companies covered: 20

Tables & Figures: 234

Countries covered: 19

Pages: 259

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