The Water Borne Coatings Market Is Estimated To Reach $142.61 Billion By 2027 At A CAGR Of 5.6% – Includes Water Borne Coatings Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
a rapid growth in the consumption of water-borne coatings in many industries, such as automotive, construction, and manufacturing are expected to drive innovation in water borne coatings manufacturing, thus driving the market during the forecast period.
The global water borne coatings market is expected to grow from $107.98 billion in 2022 to $114.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global water borne coatings market size is expected to grow from $142.61 billion in 2027 at a CAGR of 5.6%.
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Global Water Borne Coatings Market Segments Include:
- By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types
- By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial
- By End Urrr Industry: Bilding and Construction, Automotive, Industrial, Wood, Other End-User Industries
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global water borne coatings market in 2021.
Major Market Players in the water borne coatings market include BASF SE, Axalta Coating Systems LLC., Berger Paints India Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Company Ltd.
Smart coatings and high-performance coating technologies are being adopted by companies to enhance the efficiencies of coating compounds. Nanocoatings are a type of smart coating that has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion, and micro-bacterial growth. Fluoropolymer coating is known for its high-performance properties such as durability and cost-efficiency.
The Water Borne Coatings Global Market Report 2023 provides a water borne coatings market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The water borne coatings market forecast analyzes water borne coatings market size, water borne coatings market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Waterborne coatings are coatings that use water as a solvent to spread a resin, making them environmentally safe and simple to apply. Waterborne coatings utilize binders such as copolymers of acrylic, vinyl, and styrene compounds.
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