By 2030, Demand for Waterborne Coatings Market Will Surpass $132.7 Billion at 4.1% CAGR Growth | Vantage Market Research
Vantage Market Research, The North Star for the Working World
Vantage Market Research, The North Star for the Working World

WASHINGTON, Aug. 28, 2023 (GLOBE NEWSWIRE) -- According to a report recently released by Vantage Market Research, the Global Waterborne Coatings Market is projected to reach a value of $100.2 Billion in 2022. The report further estimates that the market will grow at a CAGR of 4.1% between 2023 and 2030, eventually reaching a value of $132.7 Billion by 2030. These figures demonstrate a promising growth trend for the waterborne coatings industry.

The Waterborne Coatings Market represents a vibrant and transformative sector within the broader coatings industry. Waterborne coatings are formulations that utilize water as a solvent, making them environmentally friendly and less harmful compared to traditional solvent-based coatings. These coatings find extensive application across diverse industries such as automotive, construction, packaging, and electronics, driven by the growing awareness of sustainability and stringent regulations on volatile organic compound (VOC) emissions. The market's growth trajectory is propelled by a combination of factors including technological advancements, urbanization, and the rising demand for eco-friendly products.

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Waterborne coatings are a type of paint or coating that uses water as the solvent instead of traditional organic solvents such as petroleum distillates. Waterborne coatings are typically more environmentally friendly than traditional solvent-based coatings, as they emit fewer volatile organic compounds (VOCs). They are also often easier to apply and clean up, making them a popular choice for both industrial and consumer applications.

Top Report Findings:

  • The Waterborne Coatings Market is projected to achieve a CAGR of 4.1% during the forecast period (2023-2030).

  • Architectural applications account for the largest market share due to the booming construction industry and increased demand for sustainable coatings.

  • Automotive OEMs are rapidly adopting waterborne coatings to meet environmental regulations and enhance vehicle aesthetics.

  • Asia-Pacific holds the largest market share owing to rapid urbanization, industrialization, and increasing investments in infrastructure.

Top Companies in the Global Waterborne Coatings Market

  • PPG Industries Inc. (U.S.)

  • The Sherwin-Williams Company (U.S.)

  • Arkema (France)

  • Benjamin Moore & Co. (U.S.)

  • Hempel Group (Denmark)

  • Jotun (Norway)

  • KCC CORPORATION (South Korea)

  • Sika AG (Switzerland)

  • Covestro AG (Germany)

  • The Dow Company (U.S.)

  • Solvay AG (Belgium)

  • Silberline Manufacturing Co. Inc. (U.S.)

  • Hexion Inc. (U.S.)