Waterborne Coatings Market Forecasted to Reach USD 97.38 Billion By 2032 with a CAGR of 5.4%

𝐖𝐚𝐭𝐞𝐫𝐛𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global waterborne coatings market was valued at USD 60.87 billion in 2023 and is anticipated to grow to USD 97.38 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period from 2024 to 2032.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/waterborne-coatings-market/request-for-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:

Waterborne coatings are layers made by emulsifying the pigments, binder, and additives with water. Single-component emulsion coatings are used to create films through solvent evaporation. This type of coating's binder is commonly made up of acrylic, vinyl, and styrene copolymers.

Single-component waterborne coatings are typically employed as cosmetic topcoats over other types of coatings and are not intended for immersion service. Waterborne coatings are environmentally pleasant exterior therapies that employ water as a solvent to spread the resin used to make the coating or paint. Water accounts for 80% of the solvent utilized. It seeks to make the coating or paint easier to apply while still being eco-friendly. Waterborne coatings are extensively used because they contain low-volatile organic chemicals.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

● Changing consumer purchasing habits, combined with a demand for eco-friendly paints and coatings, have boosted the waterborne coatings market growth. However, the trend to continue replacing solvent-based coatings varies by region and regulation.
● Rising construction investment in Asia Pacific and the Middle East, as well as the use of these materials in new constructions, are key development drivers for the global market. Growing manufacturing of automotive OEMs/products is also a driving force in the waterborne industry.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/266/2

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The global market comprises of considerable number of global and domestic players and is positively competitive. Here is the list of the leading companies operating in the market:
• PPG Industries Inc.
• AkzoNobel NV
• BASF
• Sherwin Williams
• Valspar Corporation
• Hempel
• Jotun Group
• and Axalta Coatings

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The waterborne coatings market is mainly segmented by resin, end-use, and region. According to end-user research, the architectural segment is the most common application for these products due to the building industry's rapid growth. Automotive waterborne coatings are one of the fastest-expanding categories. Furthermore, the study predicts that polyurethane-based aqueous coatings would expand at the highest rate due to polyurethane's superior properties.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/waterborne-coatings-market

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The market has wide scope in almost all the regions of the world with Asia Pacific as the fastest growing regional player. China, India, Japan, and South Korea are significant contributors for this regional growth. North America and Europe are the mature waterborne coating markets with an average growth rate slower than Asia Pacific in the near future.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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This release was published on openPR.