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Waterborne Coatings Market - Changing Supply And Demand Scenarios By 2022

Increasing construction and remodeling activities in emerging economies of Asia Pacific and Middle East is expected to drive waterborne coatings market growth over the next seven years. Waterborne coatings are widely used in interior & exterior paints, doors, trims and facades in architectural industry.

The Global Waterborne Coatings Market is expected to reach USD 146.11 billion by 2022, according to a new study by Grand View Research, Inc.


Stringent government regulations in order to reduce volatile organic compounds (VOC) emissions associated with solvent based coatings are projected to propel market growth. Increasing automobile production in countries such as India, China, Thailand, Indonesia and Mexico has also prompted the demand for waterborne coatings.

Acrylic resins were the most dominant resin in waterborne coatings and accounted for over 80% of total market volume in 2014. They find wide application scope in end-use industries such as infrastructure and automotive refinishes owing to exterior durability coupled with low production cost.

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Polyurethane (PU) is expected to emerge as fastest growing resin at an estimated CAGR of 7.5% from 2015 to 2022. Superior PU properties over other resins are expected to drive its demand over the forecast period. Architectural was the largest application segment and accounted for 86.5% of the total market volume in 2014. Automotive OEM is anticipated to be the fastest growing application segment at a CAGR of 8.1% from 2015 to 2022.

Top Players of Waterborne Coatings Market:

Some of the major companies operating in the global market include BASF, Berger Paints India Ltd., Kansai Paint Company Ltd., Axalta Coatings Systems LLC, and Nippon Paint Holdings Company LLC. Other prominent industry participants in global market comprise of  RPM International, PPG Industries Inc., Akzo Nobel NV, The Valspar Corporation, The Sherwin-Williams Company and Tikkurila Oyj.

Market Segmentation of Waterborne Coatings Market:

The Global Waterborne Coatings Market Segmented on the basis of Resin and Application.

By Resin:

    Acrylic
    Polyurethane (PU)
    Epoxy
    Alkyd
    Polyester
    Polytetrafluoroethylene (PTFE)
    Polyvinylidene Chloride (PVDC)
    Polyvinylidene Floride (PVDF)

By Application:

    Architectural
    General Industrial
    Automotive OEM
    Metal Packaging
    Protective Coatings
    Automotive Refinish
    Industrial Wood
    Marine
    Coil

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