Waterborne Coatings Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook

Waterborne Coatings Market Size- By Resin Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Waterborne Coatings Market Size- By Resin Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Nov 2023 Report ID: CHEM2397 Pages: 1 - 231 Formats*:     
Category : Chemical & Materials
Waterborne Coatings Market Introduction and Overview 

According to SPER Market Research, the Global Waterborne Coatings Market is estimated to reach USD 160.15 billion by 2033 with a CAGR of 4.41%.

The report includes an in-depth analysis of the Global Waterborne Coatings market, including market size and trends, product mix, distribution channels, and supplier analysis. Surface coatings or finishes known as "waterborne coatings" breakdown the resin by using water as a solvent. In contrast, solventborne coatings serve as a protective layer by applying a liquid layer to the surface of the material, preventing corrosion. These coatings are environmentally friendly and simple to apply. They offer superior surface qualities like high gloss, resistance to rubbing, and anti-sealing capabilities. The aqueous coatings' tolerance to heat and abrasion makes them great primers as well. They can be applied in thick or thin coatings to the inner and outer surfaces since they also promote color mixing and good adherence. Waterborne and solventborne coatings also provide wetting, high gloss, stability, and corrosion protection for the surface.

  • BASF extended its Automotive Coatings application facility at the Coatings Technology facility in Mangalore, India, in March 2022. This 400 square meter addition has a variety of equipment installed, including electrostatic rotating bell applicators among other things. The company would be better able to create and develop cutting-edge automotive coating solutions with this expansion. 
  • The state of North Carolina, Iredell County, and the city of Statesville inked an agreement with The Sherwin-Williams Company in February 2022 to increase the company's capacity for producing architectural paint and coatings. Included in this are the construction of an 800,000-square-foot distribution and fleet transportation hub, four additional rail spurs, and a 36,000-square-foot extension.
Waterborne Coatings Market
Market Opportunities and Challenges

Opportunities: Emerging economies have significant room for expansion.

  • Emerging nations are making large investments in long-term projects like building infrastructure. Due to major investments made by top businesses to take advantage of the prospects in these economies, markets in these economies are growing at a faster rate than those in North America and Western Europe. Manufacturers of resin and aqueous coatings are finding great prospects in the Asia Pacific market, particularly in China and India.
Challenges: The increasing number of regulatory rules being established by different governments requires coatings producers to continuously improve their processes in order to comply with new policies. Tightly regulated environmental nations, especially those in Western Europe and North America, do not permit the use of products that do not meet regulatory standards.

Waterborne Coatings Market


Market Competitive Landscape
The market for Global Waterborne Coatings is highly competitive, and the leading companies have implemented a range of tactics to secure the largest possible market share. AkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, Jotun, Kansai Paint Co., Ltd., KCC Corporation.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Resin Type, By Application
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredAkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, Jotun, Kansai Paint Co., Ltd., KCC Corporation, Masco Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Shawcor, Sika AG, The Sherwin-Williams Company, Tikkurila.
COVID-19 Impact on Global Waterborne Coatings Market
Due to the COVID-19 pandemic's enforced worldwide lockdown, which lasted an indeterminate amount of time, construction sites, auto factories, and several other facilities had to temporarily close. This stunted the expansion of the industry. The pandemic also dealt a serious blow to the sector because of supply chain disruption brought on by international border restrictions. Although the pandemic caused a minor slowdown in market growth, it is expected to recover because of the constantly expanding global construction industry.

Key Target Audience
  • Paint and Coating Manufacturers
  • Architects and Designers
  • Construction Industry
  • Automotive Industry
  • Furniture and Woodworking Industry
  • Aerospace Industry
  • Marine Industry
  • Appliance Manufacturers
  • Government and Regulatory Agencies
  • Environmental and Sustainability Organizations
  • Distributors and Retailers
  • End-Users
  • Environmental Advocates
Our in-depth analysis of the Waterborne Coatings Market includes the following segments:
By Resin Type:
  • Acrylic
  • Polyester
  • Alkyd
  • Epoxy
  • Polyurethane
  • PTFE
  • PVDF
  • PVDC
  • By Application:
  • Architectural
  • Industrial
  • By Region:
  • Asia-Pacific
  • Europe
  • Middle East & Africa
  • North America
  • Latin America
  • Key Topics Covered in the Report
    • Global Waterborne Coatings Market Size (FY’2023-FY’2033)
    • Overview of Global Waterborne Coatings Market
    • Segmentation of Global Waterborne Coatings Market By Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC)
    • Segmentation of Global Waterborne Coatings Market By Application (Architectural, Industrial)
    • Statistical Snap of Global Waterborne Coatings Market
    • Expansion Analysis of Global Waterborne Coatings Market
    • Problems and Obstacles in Global Waterborne Coatings Market
    • Competitive Landscape in the Global Waterborne Coatings Market
    • Impact of COVID-19 and Demonetization on Global Waterborne Coatings Market
    • Details on Current Investment in Global Waterborne Coatings Market
    • Competitive Analysis of Global Waterborne Coatings Market
    • Prominent Players in the Global Waterborne Coatings Market
    • SWOT Analysis of Global Waterborne Coatings Market
    • Global Waterborne Coatings Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Waterborne Coatings Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Waterborne Coatings Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Waterborne Coatings Market 

    7. Global Waterborne Coatings Market, By Resin Type (USD Million)
    7.1. Global Waterborne Coatings Market Value Share and Forecast, By Resin Type, 2023-2033
    7.2. Acrylic
    7.3. Polyester
    7.4. Alkyd
    7.5. Epoxy
    7.6. Polyurethane
    7.7. PTFE
    7.8. PVDF
    7.9. PVDC

    8. Global Waterborne Coatings Market, By Application (USD Million)
    8.1. Global Waterborne Coatings Market  Value Share and Forecast, By Application, 2023-2033
    8.2. Architectural
    8.3. Industrial

    9. Global Waterborne Coatings Market Forecast, 2019-2033 (USD Million)
    9.1. Global Waterborne Coatings Market Size and Market Share

    10. Global Waterborne Coatings Market, By Resin Type, 2019-2033 (USD Million)
    10.1. Global Waterborne Coatings Market Size and Market Share By Resin Type (2019-2026)
    10.2. Global Waterborne Coatings Market Size and Market Share By Resin Type (2027-2033)

    11. Global Waterborne Coatings Market, By Application, 2019-2033 (USD Million)
    11.1. Global Waterborne Coatings Market Size and Market Share By Application (2019-2026)
    11.2. Global Waterborne Coatings Market Size and Market Share By Application (2027-2033)

    12. Global Waterborne Coatings Market, By Region, 2019-2033 (USD Million)
    12.1. Global Waterborne Coatings Market Size and Market Share By Region (2019-2026)
    12.2. Global Waterborne Coatings Market Size and Market Share By Region (2027-2033)
    12.3. Asia-Pacific
    12.3.1. Australia
    12.3.2. China
    12.3.3. India
    12.3.4. Japan
    12.3.5. South Korea
    12.3.6. Rest of Asia-Pacific
    12.4. Europe
    12.4.1. France
    12.4.2. Germany
    12.4.3. Italy
    12.4.4. Spain
    12.4.5. United Kingdom
    12.4.6. Rest of Europe
    12.5. Middle East and Africa
    12.5.1. Kingdom of Saudi Arabia 
    12.5.2. United Arab Emirates
    12.5.3. Rest of Middle East & Africa
    12.6. North America
    12.6.1. Canada
    12.6.2. Mexico
    12.6.3. United States
    12.7. Latin America
    12.7.1. Argentina
    12.7.2. Brazil
    12.7.3. Rest of Latin America

    13. Company Profile
    13.1. AkzoNobel N.V.
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. Arkema Group
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. Asian Paints Limited
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. Axalta Coating Systems, LLC
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. BASF SE
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. Benjamin Moore & Co
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. Berger Paints India Limited
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    13.8. Dow
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Product summary 
    13.8.4. Recent developments
    13.9. Hempel
    13.9.1. Company details
    13.9.2. Financial outlook
    13.9.3. Product summary 
    13.9.4. Recent developments
    13.10. Kansai Paint Co., Ltd.
    13.10.1. Company details
    13.10.2. Financial outlook
    13.10.3. Product summary 
    13.10.4. Recent developments
    13.11. KCC Corporation
    13.11.1. Company details
    13.11.2. Financial outlook
    13.11.3. Product summary 
    13.11.4. Recent developments
    13.12. Masco Corporation
    13.12.1. Company details
    13.12.2. Financial outlook
    13.12.3. Product summary 
    13.12.4. Recent developments
    13.13. Nippon Paint Holdings Co., Ltd.
    13.13.1. Company details
    13.13.2. Financial outlook
    13.13.3. Product summary 
    13.13.4. Recent developments
    13.14. PPG Industries, Inc.
    13.14.1. Company details
    13.14.2. Financial outlook
    13.14.3. Product summary 
    13.14.4. Recent developments
    13.15. RPM International Inc.
    13.15.1. Company details
    13.15.2. Financial outlook
    13.15.3. Product summary 
    13.15.4. Recent developments
    13.16. Shawcor
    13.16.1. Company details
    13.16.2. Financial outlook
    13.16.3. Product summary 
    13.16.4. Recent developments
    13.17. Others 

    14. List of Abbreviations

    15. Reference Links

    16. Conclusion

    17. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Waterborne Coatings Market is projected to reach USD 160.15 billion by 2033, growing at a CAGR of 4.41% during the forecast period.
    Waterborne Coatings Market grew in market size from 2022. The Market is expected to reach USD 160.15 billion by 2033, at a CAGR of 4.41% during the forecast period.
    Waterborne Coatings Market CAGR of 4.41% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Waterborne Coatings Market size is USD 160.15 billion from 2023 to 2033.
    Waterborne Coatings Market Segment is covered By Resin Type, By Application.
    The North America is anticipated to have the highest market share in the Waterborne Coatings Market.
    The key players in the market include Companies Covered AkzoNobel N.V., Arkema Group, Asian Paints Limited, Axalta Coating Systems, LLC, BASF SE, Benjamin Moore & Co, Berger Paints India Limited, Dow, Hempel, Jotun, Kansai Paint Co., Ltd.
    Surface coatings or finishes known as "waterborne coatings" breakdown the resin by using water as a solvent. In contrast, solventborne coatings serve as a protective layer by applying a liquid layer to the surface of the material, preventing corrosion.
    Not able to find what you are looking for? Need customization in the existing report?
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