Waterborne Coatings Market worth $140.7 billion 2030 | Key players PPG Industries Inc. (US), Sherwin-Williams Company (US).

According to recent market research the "Waterborne Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), Application (Architectural and Industrial), and Region (Asia Pacific, North America, Europe, ME&A, South America) - Global Forecast to 2030", size was USD 99.2 billion in 2021 and is projected to grow at a CAGR of 3.8% during 2022 - 2027 and 4.2% during 2028 - 2030 to reach USD 124.3 billion and USD 140.7 billion in 2027 and 2030 respectively. Waterborne coatings technology continues to develop, and it is expected to substitute the existing coating technologies. The global market for waterborne coatings is anticipated to increase because of the increasing application of waterborne coating in a variety of end-use industries, including architectural and industrial applications. The waterborne coatings market is primarily driven by the building and construction industry, also strict VOC norms are supporting the market growth.

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Based on resin type, The acrylic segment is projected to be the largest resin type during the forecast period. Waterborne coatings based on acrylic resin have good chemical and photochemical resistance, better stain protection, resistance to cracking and better blistering. The waterborne coatings based on the acrylic resin are used in floor coating, architectural coatings for interiors, metal furniture coatings, and architectural coatings for the exterior.

Based on application, the architectural segment is estimated to account for the largest share of the market during the forecast period. The growth of the infrastructure sector and the development of the building and construction industry in the Asia Pacific region are expected to boost the waterborne coatings market in the region. China and India are likely to generate a positive impact on the market in the architectural industry.

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Asia Pacific is the fastest-growing market for waterborne coatings mainly due to the high economic growth, and heavy investment in industries such as automotive, marine, building & construction, and manufacturing. Nippon Paint holdings Co., ltd. (Japan), Asian Paints limited (India), and other leading global players are adopting various strategies to increase their market share in the region's waterborne coatings market.

Major players operating in the global waterborne coatings market include PPG Industries Inc. (US), Sherwin-Williams Company (US).

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PPG Industries is a global manufacturer and supplier of paints, coatings, optical products, and specialty materials. It caters to consumers in the industrial, consumer goods, transportation, and construction industries. PPG offers industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food & beverage container manufacturers. For a variety of industries, the company also offers protective coating solutions. Industrial coating and performance coating are the two primary operating segments. Through its performance coating segment, the company provides waterborne coatings. It operates over 156 manufacturing facilities around the world.

Sherwin-Williams Company is one of the world's leading manufacturers, developers, distributors, and retailers of paints, coatings, and related products to professional, industrial, commercial, and retail customers. The American group, Performance Coatings Group, and Consumer Brands Group are its three primary operating segments. The performance coatings Group segment of the company provides waterborne coatings. Bridge and highway, flooring, food, steel fabrication, marine, oil and gas, power, and rail are among the market served by the company. It operates in over 120 countries, focusing on Europe, North America, and Asia Pacific.

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