The global waterborne coatings market size was USD 81.85 Billion in 2022 and is expected to register a revenue CAGR of 6.3% over the forecast period, according to the latest report by Reports and Data.

The demand for waterborne coatings in the automotive and transportation industries will rise as environmental regulations, personal health and safety laws, and sustainability practises become more prevalent. The EPA's strict regulations regarding the use of VOCs are causing automotive manufacturers to prefer waterborne coatings over solvent-based coatings because a typical waterborne base coat is made up of about 70% water (and 20% solids) and 10% solvent. Waterborne coatings improve air quality and reduce VOC emissions, which further lowers the health risks for factory workers. Waterborne coatings can be used in a variety of automotive finishing applications. These are primarily used for routine maintenance or for coating interior surfaces in the automotive and transportation sectors.

In nations with strict VOC regulations, 2K waterborne acrylic or polyurethane dispersions are used in refinishing procedures. Manufacturers of coatings work tirelessly to reduce energy consumption and VOC emissions during painting operations. During the anticipated period, these elements are anticipated to fuel market expansion.

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Some Key Highlights from the Report

• The waterborne coatings market has been divided into industrial, architectural, and other segments based on application. In the global market for waterborne coatings, the architectural segment is anticipated to hold a sizable revenue share. Demand for waterborne coatings is anticipated to rise as building and reconstruction projects pick up in developing nations. In architectural applications like window frames, doors, wood varnishes, trims, and interior & exterior walls, these are used more and more as decorative coatings.
• The construction industry is trying to comply with stringent government regulations to reduce VOC emissions, which is increasing demand for waterborne coatings. Waterborne coatings' low toxicity and flammability, which are caused by reduced VOC levels and HAP emissions, are being used more frequently in the building and construction sector.
• Based on regional analysis, the Asia Pacific market is predicted to have the largest revenue share in the global market during the forecast period and to experience rapid revenue CAGR growth. During the forecast period, rising construction and reconstruction projects in developing nations are anticipated to fuel market expansion in this area. Buildings are using waterborne coatings more and more for decorative purposes on wood flooring, furniture, sculptures, and wall paintings. Growing demand for waterborne coatings is a result of rising car production and expansion of the automotive industry in developing nations.
• Companies profiled in the market report include Kansai Paint Co., Ltd., Akzo Nobel N.V., Axalta Coating Systems, Ltd., BASF SE, Berger Paints Ltd, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Sherwin-Williams Company, and Tikkurila Oyj.

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