Waterborne Coatings Market Size, Share, Growth Analysis, By Resin Type(Acrylic Coatings, Polyester Coatings), By Application(Architectural, Automotive) - Industry Forecast 2024-2031

Waterborne Coatings Market size was valued at USD 99.2 billion in 2019 and is poised to grow from USD 102.97 billion in 2023 to USD 144.04 billion by 2031, growing at a CAGR of 3.8% in the forecast period (2024-2031).

Waterborne coatings, which are used to apply a resin to a surface and disperse it, are coatings that include around 80% water and a minor amount of other solvents, such as glycol ethers. These coatings are water-based as a result of their Low VOC, extremely low odour, non-flammability, and a high-water content are just a few of the characteristics of waterborne coatings, which make them simple to use and environmentally beneficial. These have a quick drying time and allow for subsequent coats. In addition to having great adhesion, strong resistance to heat and abrasion, and low toxicity and flammability because of low VOC levels and HAP emissions, waterborne coatings are employed in a wide range of applications. These qualities make them the ideal primer.

The main basic components used to create waterborne coatings include synthetic resins, pigments, surfactants, and additives. These raw materials are used to create different waterborne coating types that are then applied to a variety of surfaces for use in architectural, general industrial, automotive OEM, metal packaging, protective coatings, automotive refinish, industrial wood, marine, wood, coil, and other applications. Over the course of the projection period, the rising construction sector is anticipated to positively impact the expansion of the product market. Demand for the product is anticipated to be driven by a recent trend away from coatings with low or high volatility organic solvents and toward solvent-free coatings with lower emissions in residential and commercial coating applications.

US Waterborne Coatings Market is poised to grow at a sustainable CAGR for the next forecast year.