Global Water-borne Coatings Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Water-borne Coatings Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Resin Type (Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), and Others), End-user Industry (Building and Construction, Automotive, Industrial, Wood, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.