Waterborne coatings market research: over 840 billion in 2027

Market research shows that the global waterborne coatings market is worth US$77.4 billion in 2018 and is expected to grow at a compound annual growth rate of 4.9% from 2019 to 2027. By 2027, the value of the market will reach 120.03 billion US dollars (about 840.762 billion yuan).

The global waterborne coatings market is driven by the growth in demand for architectural coatings.

The Asia-Pacific region has an important share in the global waterborne coatings market, which is due to the increase in construction and construction activities in the region.

Governments around the world have implemented strict regulations to reduce the VOC content in paints and coatings, which increases the use of environmentally friendly alternatives with lower levels of volatile organic compounds.

The development and use of waterborne coatings reduces VOC in traditional alkyd coatings. Compared with alternatives such as solvent-based coatings, water-based coatings emit less VOC.

Reducing organic volatile organic compounds (VOCs) (such as organic solvents) is a major challenge facing the coatings industry because of the increasingly stringent environmental regulations aimed at reducing VOC emissions. VOC participates in photochemical reactions in the atmosphere to endanger health.

Coatings and paint technology adapt to environmental requirements. Waterborne coatings and solvent-free coatings are new health and safety trends in coating technology.

Environmental standards require that VOCs must be removed or controlled to the lowest possible level. The carcinogenic environmental impact of VOC has replaced solvent-based coatings with waterborne coatings. Epoxy and acrylic coatings have special significance than other water-based coatings.

Compared with other solvent and zinc liquid formulations, water-based coatings can reduce VOC by nearly 94%, and the corrosion resistance in salt spray and cycle tests is 60% higher than electronic coatings and zinc formulations.

Therefore, it is expected that the demand for waterborne coatings will increase during the forecast period.

Large automobile manufacturers emphasize the use of water-based coatings because it has environmental benefits and ensures the health and safety of employees.

Waterborne coatings are the future of automotive coatings, and many paint and coating manufacturers are already developing and supplying them.

The continuous improvement of environmental protection regulations and the development of the automotive industry are expected to promote the demand for water-based coatings.

Raw materials represent a major part of the paint and coatings market. Therefore, it is expected that the surge in the cost of any element will greatly reduce profitability.

The raw material price fluctuations of different waterborne coatings, additives and resins are the main constraints in this market.

Although waterborne coatings contain less solvent, changes in raw material costs are still expected to dampen the market.

The Asia-Pacific region is the global market leader in waterborne coatings, followed by Europe and North America. It is expected that during the forecast period, Latin America and the Middle East and Africa will become the key regions of the global waterborne coating market.

It is expected that a significant increase in construction and construction activities (especially in developing regions) will be the main factor driving the waterborne coatings market in these regions.

Water-based coatings are widely used in construction and construction activities because these coatings have characteristics such as high gloss, better aesthetics, and highly durable structures.