The report “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” shows a market size of USD 99.2 billion in 2021 and is expected to grow at a CAGR of 3.8% from 2022 to 2027 and 4.2% from 2028 to 2030, reaching USD 124.3 billion and 140.7 billion in 2027 and 2030, respectively.
Waterborne coatings technology is evolving, and it is projected to replace existing coating technologies. The global market for waterborne coatings is expected to grow due to its increasing use in a range of end-use industries, including architectural and industrial applications. The waterborne coatings market is primarily driven by the building and construction industry, but severe VOC regulations also help to fuel growth.
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- 454 Market data Tables
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- 386 Pages and in-depth TOC on “Waterborne Coatings Market – Global Forecast to 2030”
Some of the prominent key players are:
· PPG Industries Inc. (US)
· Sherwin-Williams Company (US))
Driver: Development of new technologies to enhance the performance of coatings
As waterborne coating technology continues to develop. The growing awareness in emerging countries related to the benefits and performance features of waterborne coatings is contributing to market growth. The benefits include longer pot life, flexibility, and low VOC content. Manufacturers are creating awareness regarding the benefits of waterborne coatings across the globe.