Waterborne Coatings Market Size, Share & Trends Analysis Report By Resin (Acrylic, PU, Epoxy, Polyester), By Application (Architectural, General Industrial, Marine), By Region, And Segment Forecasts, 2023 - 2030
- Report ID: 978-1-68038-472-7
- Number of Pages: 80
- Format: Electronic (PDF)
- Historical Range: 2018 - 2020
- Industry: Bulk Chemicals
Market Segmentation
- Waterborne Coatings Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Acrylic
- Polyurethane (PU)
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Waterborne Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Waterborne Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- North America Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- North America Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- U.S.
- U.S. Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- U.S. Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- U.S. Waterborne Coatings Market, By Resin
- Canada
- Canada Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Canada Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Canada Waterborne Coatings Market, By Resin
- Mexico
- Mexico Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Mexico Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Mexico Waterborne Coatings Market, By Resin
- North America Waterborne Coatings Market, By Resin
- Europe
- Europe Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Europe Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Germany
- Germany Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Germany Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Germany Waterborne Coatings Market, By Resin
- U.K.
- U.K. Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- U.K. Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- U.K. Waterborne Coatings Market, By Resin
- France
- France Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- France Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- France Waterborne Coatings Market, By Resin
- Italy
- Italy Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Italy Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Italy Waterborne Coatings Market, By Resin
- Spain
- Spain Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Spain Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Spain Waterborne Coatings Market, By Resin
- Europe Waterborne Coatings Market, By Resin
- Asia Pacific
- Asia Pacific Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Asia Pacific Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- China
- China Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- China Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- China Waterborne Coatings Market, By Resin
- India
- India Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- India Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- India Waterborne Coatings Market, By Resin
- Japan
- Japan Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Japan Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Japan Waterborne Coatings Market, By Resin
- South Korea
- South Korea Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- South Korea Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- South Korea Waterborne Coatings Market, By Resin
- Asia Pacific Waterborne Coatings Market, By Resin
- Central & South America
- Central & South America Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Central & South America Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Brazil
- Brazil Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Brazil Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Brazil Waterborne Coatings Market, By Resin
- Colombia
- Colombia Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Colombia Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Colombia Waterborne Coatings Market, By Resin
- Central & South America Waterborne Coatings Market, By Resin
- Middle East & Africa
- Middle East & Africa Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Middle East & Africa Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Others
- Saudi Arabia
- Saudi Arabia Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- Saudi Arabia Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Saudi Arabia Waterborne Coatings Market, By Resin
- South Africa
- South Africa Waterborne Coatings Market, By Resin
- Acrylic
- Polyurethane
- Epoxy
- Alkyd
- Polyester
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene Chloride (PVDC)
- Polyvinylidene Fluoride (PVDF)
- Others
- South Africa Waterborne Coatings Market, by Application
- Architectural
- Architectural
- General Industrial
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- South Africa Waterborne Coatings Market, By Resin
- Middle East & Africa Waterborne Coatings Market, By Resin
- North America
Waterborne Coatings Market Dynamics
Driver: Increasing Construction Spending
The growth of waterborne coatings industry is majorly dependent on booming construction industry across the globe. Recent shift in trend from coatings with low or high volatility organic solvents to solvent-free coatings that have lesser emissions is expected to drive the demand for waterborne coatings in residential and commercial coating applications. Interior walls paint formulations majorly rely on waterborne coatings. These formulations are usually based on acrylate/styrene dispersions. Waterborne coatings manufacturers are also focusing on reducing the average binder requirement in the formulation by 8– 12% without affecting the property profile. Alkyd-based waterborne coatings are also preferred by many interior decorators as they are easier to apply, have a glossy finish, and provide better compensation for climatic variation in application and drying. Increasing construction spending and requirement for improved infrastructure, particularly in Asia Pacific, is expected to drive waterborne coatings market over the forecast period. The share of construction spending is expected to shift from developed regions of North America and Europe to developing regions of Asia Pacific. Residential and commercial buildings constitute a major share in Asia Pacific construction market. Indonesia is one of the most densely populated countries in the world and construction sector is an important indicator of its economy. Commercial sector in Indonesia is expected to register higher growth rates owing to the development of offices, libraries, and hospitals. Re-development industry is expected to significantly augment Thailand’s construction industry over the forecast period. Commercial sector development is expected to be triggered by retail companies owing to increasing number of foreign tourists’ footfall in Thailand. Waterborne coatings are used for various architectural applications such as interior & exterior walls, doors, windows, and frames. Low toxicity and flammability owing to low VOC levels & HAP emissions are expected to drive waterborne coatings market for architectural coatings.
Restraint: Flow And Viscosity Control Problems
Flow and viscosity control are challenging and problematic in waterborne ambient cure and baked finishes. These issues can have a profound effect on appearance during and after the application of coatings. Complications can arise if waterborne coating are applied to a surface above the dew point temperature while the same amount of water that is entering the film is evaporating. This can result in excessive flow and, thus, could end up in severe sagging. Under the critical relative humidity, if waterborne coating contains one or more volatile co-solvents, the fraction of water will decrease. On the contrary, at higher relative humidity, which is above critical relative humidity, the fraction of water will increase. Thus, when a waterborne coating is applied, it is essential to control both the parameters, humidity and temperature, to ensure uniform application and appearance. It is also essential to add one or more additives to minimize excessive wetting of waterborne coatings on the surface applied and control their flow properties. The coating will not be able to spread or wet properly if the paint’s surface tension is higher than the substrate’s surface energy. These factors make it necessary for additive addition for minimizing excessive flow after coating application. As compared to solvent-borne coatings, waterborne coatings exhibit high degree of shear thinning. Accordingly, waterborne coatings exhibit low viscosity at high shear rates while applying, to permit adequate film building and higher viscosity to permit adequate leveling. This factor is proving to be a huge restraint in the market’s growth.
Opportunities: Government Regulations on VOC Emissions And Other Harmful Solvents
Architectural application segment is expected to have high penetration due to increasing construction and infrastructure activities in Asia Pacific and the Middle East. Increasing application scope in architectural industry such as interior & exterior walls, doors, trims, and facades is expected to further drive the market. Strict government regulations restricting VOC emissions and solvent content are expected to be a key factor boosting the demand for waterborne coatings in architectural industry. Increasing demand for waterborne coatings owing to need for maintaining a healthy working environment is projected to fuel the market growth. Automotive OEM application segment is expected to grow at the highest rate over the forecast period. Increasing middle-class income level coupled with rising living standard in emerging economies of Asia Pacific and Central & South America is projected to fuel the automotive sales. Increasing demand for beverage cans and food cans in food & beverage industry to serve beverages and canned food is expected to drive waterborne coatings market. Rising content specifications in food & beverage industry is further expected to boost the demand for waterborne coatings. High-performance coatings are expected to gradually shift toward water based formulas and positively impact the demand for waterborne coatings. Automotive refinishes is expected to exhibit high growth and penetration over the forecast period. Government regulations on the VOC content of automotive refinish coatings in Europe and North America are encouraging the end users to switch to waterborne coatings and primers.
What Does This Report Include?
This section will provide insights into the contents included in this waterborne coatings market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Waterborne coatings market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Waterborne coatings market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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