Market Overview

The Global Water-borne Coatings Market was valued at USD 106,977.7 million in 2023 and is expected to reach USD 144,169.1 million by 2031 while growing at a CAGR of 3.8% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global water-borne coatings market growth. Waterborne coatings, also referred to as water-based coatings, use water as a solvent to disperse the resin and pigments, distinguishing them from traditional solvent-based coatings. Their popularity has grown due to environmental friendliness and compliance with stricter regulations on volatile organic compounds (VOCs).

Increasing environmental regulations and sustainability initiatives, along with a focus on reduced VOC emissions, drive the waterborne coatings market. However, high initial costs, the expense of water-soluble polymers, and compatibility issues with substrates raise concerns, hindering further expansion and prompting a closer look at biodegradability.

Furthermore, the global water-borne coatings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Type Analysis

The Global Water-borne Coatings Market is segmented among Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), and Others, based on Resin Type. In 2023, Acrylic accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Water-borne Coatings Market is segmented among Building and Construction, Automotive, Industrial, Wood, and Others, based on End-user Industry. In 2023, Building and Construction accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Water-borne Coatings Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are AkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, and Jotun.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Water-borne Coatings Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Water-borne Coatings Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Water-borne Coatings Market Segmentation, By Resin Type  

• Global Water-borne Coatings Market Share Analysis, By Resin Type  

• Global Water-borne Coatings Market Growth Analysis, By Resin Type  

• Global Water-borne Coatings Market Trends, By Resin Type  

o Acrylic

o Epoxy

o Polyurethane

o Polyester

o Alkyd

o Polyvinylidene Chloride (PVDC)

o Polyvinylidene Fluoride (PVDF)

o Others

6. Global Water-borne Coatings Market Segmentation, By End-user Industry

• Global Water-borne Coatings Market Share Analysis, By End-user Industry

• Global Water-borne Coatings Market Growth Analysis, By End-user Industry

• Global Water-borne Coatings Market Trends, By End-user Industry

o Building and Construction

o Automotive

o Industrial

o Wood

o Others

7. Global Water-borne Coatings Market Segmentation, By Region

• Global Water-borne Coatings Market Share Analysis, By Region

• Global Water-borne Coatings Market Growth Analysis, By Region

• Global Water-borne Coatings Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• AkzoNobel N.V.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Arkema Group

• Asian Paints Limited

• Axalta Coating Systems, LLC

• BASF SE

• Benjamin Moore & Co

• Berger Paints India Limited

• Dow

• Hempel

• Jotun

 *Similar analysis will be provided for each company listed above.