Waterborne Coatings Market Report 2026 Global Industry Analysis by Top Key Players PPG Industries, Inc., AkzoNobel NV, BASF, Sherwin Williams, Valspar Corporation, Hempel, Jotun Group, and Axalta Coatings.

The global waterborne coatings market was valued at USD 132.4 billion in 2017 and is anticipated to grow at a CAGR of 6.6% during the forecast period.

Waterborne is a new technology that has taken place in the coating industry in past 40 years, where other innovations include water-soluble coatings, radiation-curable coatings, high-solid coatings, and two-component systems. These products are environmentally-friendly and is driven by the growth of non-solvent borne technologies in both the industrial and architectural end-uses.

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Top Key Player In Global Market: -

PPG Industries Inc.
BASF SE
Axalta Coatings
DowDuPont
Sherwin-Williams Company
RPM International
Kansai Paint Company Ltd.
The Valspar Corporation
Jotun Group
AkzoNobel NV.

Product demand has witnessed a steady growth in different parts of the world as it is an environment-friendly solution. It makes use of water for a dispersion medium of resins unlike its solvent counterpart. The market has also flourished on account of numerous technological & product developments.

Rising construction activities coupled with the maintenance of the existing structures has tremendously driven the demand for these products. Protection of the surface and decoration are two main functions of the coating that are of considerable economic importance. As water borne coating is the result of technological development in the industry and is an environmentally-friendly options, it is rapidly becoming preferred option by many consumers around the globe.

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The growth of industry is also a result of the favorable regulatory framework however, the scenario became increasingly complex and expensive for the coating suppliers when the trend started.

Technological developments for these products have also taken place on a continuous time span. Some of the crucial technologies in this aspect include emulsion & suspension polymerization, polyurethane dispersions, insoluble aqueous polymer dispersions, alkyd emulsions, soluble & partially soluble polymers.

Polyurethane based products are the result of such developments and are used widely on account of lower volatile organic compound (VOC) emissions. Moreover, real-time polymer monitoring systems have optimized the production of many such polymers, which are widely used in the manufacturing of the coatings.

Competitive Landscape

The waterborne coating industry in Western Europe, Japan, and the United States is mostly mature and mainly correlates with the health of the economy, especially transportation, housing, and construction. The demand growth in Europe and North America is forecasted to increase at an annual average rate 2-3% with slow growth rate in Japan on account of lack of growth in its major markets such as automotive OEM, appliances, and machinery. Asia Pacific is the fastest growing regional market for this industry.

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Key Segments

Resin Type

• Acrylic
• Polyurethane
• Epoxy
• Alkyd
• Polyester
• Vinyl Acetate
• Others

End-Use Segments

• Architectural & Decorative
• General Industrial
• Automotive
• Wood
• Marine
• Metal Packaging
• Others

Region

• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America

Middle East and Africa.

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