Waterborne Coatings Market Growth: USD 98.87 billion by 2032, 5.5% CAGR Anticipated

The waterborne coatings market size was valued at USD 61.02 billion in 2023. It is projected to grow to USD 98.87 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032.

Market Definition:

A waterborne coating is a green surface treatment that utilizes water as a medium to distribute the resin necessary for creating the coating or paint. 80% of the solvent used is made up of water. Its goal is to ensure the coating or paint is user-friendly and environmentally sustainable. Waterborne coatings are commonly utilized because they have minimal VOC levels. It is suitable for use on wooden and plastic surfaces.

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

Growth Drivers and Opportunities:

● Stringent environmental rules play a major role in driving the market. Manufacturers are increasingly transitioning to waterborne formulations due to stricter global regulations on reducing volatile organic compounds (VOCs) and supporting sustainable practices.
● Increased funding in manufacturing is anticipated to boost the number of competitors in the market. Companies are investing resources in advanced production technologies and innovative formulations to improve their product offerings and meet the increasing demand for eco-friendly solutions.

Key Players:

The market is marked by fierce competition, and the leading companies rely on innovative technology, superior goods, and a strong brand identity to boost sales. Here is the list of the leading companies operating in the waterborne coatings market:

• Akzo Nobel N.V.
• Asian Paints Limited
• Axalta Coating Systems, Ltd.
• BASF SE
• Benjamin Moore & Co.
• Berger Paints India Ltd.
• Brillux GMBH & Co. Kg
• Carpoly Chemical Group Co., Ltd.
• Cloverdale Paint Inc.
• Diamond Vogel Paint Company
• DuluxGroup Ltd.
• Fujikura Kasei Co., Ltd.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.polarismarketresearch.com/buy/266/2

Segmentation Overview:
The waterborne coatings market is mainly segmented based on the resin type, application industry, and region. Based on resin type analysis, the Alkyd segment led the global market in 2023 because of the increasing use of Alkyd-based coatings in architectural, residential, and commercial buildings.
Furthermore, according to the application industry analysis, in 2023, the architectural segment accounted for the largest revenue share. The increasing focus on renovating residential and commercial spaces, along with related renovation tasks, is driving the demand for waterborne coatings in this segment.

Waterborne Coatings Market Report Highlights

• In terms of resin type, the alkyd segment is anticipated to witness the highest growth during the forecast period due to rising research methods exploring the potential of alkyd-based coating.
• Based on application industry, the architectural segment accounted for a larger market share in 2023 owing to the rising remodeling and renovation initiatives.
• Asia Pacific is projected to register the highest growth rate during the forecast period, due to rising use of waterborne coatings in architectural and home decor work .
• North America dominated the waterborne coating market in 2023 due to owing to the growing adoption of EVs and the expansion in construction activities.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/waterborne-coatings-market

FAQ's
1. How much is the waterborne coatings market?
2. What is the growth rate of the waterborne coatings market?
3. Which region held the largest share of the global waterborne coatings market in 2023?
4. Who are the key players in the waterborne coatings market?
5. Which segment, by resin type, led the waterborne coatings market in 2023?

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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