Waterborne Coatings Market Analysis and Forecast to 2033: By Application (Architectural, Industrial), End User (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane (PU), Polytetrafluoroethylene (PTFE), Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (P

Waterborne Coatings Market Analysis and Forecast to 2033: By Application (Architectural, Industrial), End User (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane (PU), Polytetrafluoroethylene (PTFE), Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Others), and Region

Water is used as a solvent in waterborne coatings or finishes to disperse the resin. Waterborne coatings can include up to 80% water and just a tiny quantity of additional solvents, including glycol ethers. Its composition varies. Waterborne coatings have a high water content. As a result, these coatings are simple to apply and ecologically friendly. Excellent surface qualities including anti-sealing effects, high gloss, and rub resistance are provided by waterborne coatings. Considering that they are heat and abrasion resistant, waterborne coatings make great primers. They may be applied in thick or thin coats and produce good adherence. They also make it simple to modify and combine colours. Both internal and external surfaces can be coated using waterborne materials. These coatings offer high gloss, wetting, and stability in addition to helping to prevent corrosion on the surface. To boost surface resistance to corrosion and weathering, waterborne coatings are utilized. They are also employed to increase the structural durability and aesthetics.

Market Drivers & Trends

During the past 10 years, the building and construction coatings sector has revolutionised. The coatings that are now on the market have varied environmental profiles and qualities as well as diverse raw material bases. Many factors, including synthesis chemists, paint formulators, end users, and environmental restrictions, have influenced these modifications. For the past ten years, the building and construction coatings sector has seen a strong era of innovation. The transition from oil-based to waterborne paints, the reduction of VOCs, the elimination of potentially hazardous chemicals, the emergence of paint-and-primer-in-one products, the desire to offer improved film properties like dirt pickup resistance and early rain resistance, and the desire to offer simple-to-apply new looks are a few of the major drivers. The need for residential, commercial, and industrial infrastructure is rising along with urbanization. The demand for aqueous coatings from end users in the building and construction industry is consequently increasing. The demand for new homes is rising due to low interest rates on mortgages, which is fueling the building and construction coatings market, particularly in the Asia Pacific region. Due to the rising need for infrastructure in the residential, non-residential, and commercial sectors in Asia Pacific and MEA, this market is predicted to grow quickly.

Market Restraints & Challenges

Waterborne coatings are likely to be challenging during the project's surface preparation phase. In certain cases, water is suggested as a solvent replacement, but it is also an important factor in corrosion. The quality and film development of aqueous coatings are negatively impacted by humidity and temperature. In high humidity, waterborne films are likely to be wet and soupy, whereas at low humidity, the films are likely to be excessively dry and look unappealing. Because of this, aqueous basecoats for automobiles are sprayed in booths with controlled humidity and temperature. Most consumers of industrial paint find this to be expensive. In some areas, these coatings are unusable because they are sensitive to environmental factors like temperature and humidity during the curing period.

Market Segments

The waterborne coatings market has been segmented into resin type, application, and region. Based on resin type, the market is segmented into acrylic, polyester, alkyd, epoxy, polyurethane (PU), polytetrafluoroethylene (PTFE), polyvinylidene chloride (PVDC), polyvinylidene fluoride (PVDF), and others. On the basis of application, it is bifurcated into architectural and industrial. Region-wise, it is studied across North America, Europe, Asia Pacific, and Rest of the World.

Key Market Players

The Waterborne Coatings Market includes players such as

AkzoNobel N.V.

Asian Paints Limited

Axalta Coating Systems

BASF SE

Berger Paints India Limited

Jotun A/S

Kansai Paint Co.,Ltd.

Nippon Paint Holdings Group

PPG Industries, Inc.

Sherwin-Williams Company


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