Global Water-Based Coatings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Water-Soluble Paints, Emulsions Paints, and Water-Based Alkyds.

By Resin;

Acrylic, Formaldehyde, Polyurethane, Alkyds, and Epoxy.

By End-User;

Automotive, Furniture, Electronics, Marine, Paper & Printing, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn458377715 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Water-Based Coatings Market (USD Million), 2021 - 2031

In the year 2024, the Global Water-Based Coatings Market was valued at USD 87,534.14 million. The size of this market is expected to increase to USD 129,890.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The global water-based coatings market has been witnessing significant growth due to increasing environmental regulations and rising awareness about the adverse effects of solvent-based coatings. Water-based coatings are preferred over solvent-based alternatives due to their lower volatile organic compound (VOC) content, which makes them more environmentally friendly. These coatings utilize water as the primary solvent, which results in reduced emissions and less environmental impact. Industries such as automotive, construction, and furniture are increasingly adopting water-based coatings to comply with stringent environmental regulations and to meet the growing consumer demand for sustainable products.

Technological advancements have further propelled the market, enabling the development of water-based coatings with improved performance characteristics such as enhanced durability, better adhesion, and faster drying times. Innovations in resin technology, particularly in acrylics, polyurethanes, and alkyds, have expanded the application range of water-based coatings. This has opened new opportunities for manufacturers to cater to diverse end-use industries. Additionally, the increasing urbanization and infrastructure development in emerging economies are driving the demand for water-based coatings, as these regions focus on sustainable building practices.

The market's growth is also supported by government initiatives and policies aimed at reducing environmental pollution. For instance, regulations imposed by agencies like the Environmental Protection Agency (EPA) and the European Commission are encouraging the use of eco-friendly coatings. Companies are investing in research and development to create advanced formulations that not only comply with regulations but also offer superior performance. As a result, the global water-based coatings market is expected to continue its upward trajectory, driven by the combined efforts of industry players and regulatory bodies to promote sustainability and environmental stewardship.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Resin
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Water-Based Coatings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental regulations
        2. Technological advancements
        3. Growing urbanization
        4. Consumer sustainability demand
      2. Restraints
        1. High production costs
        2. Limited performance
        3. Application challenges
        4. Raw material volatility
      3. Opportunities
        1. Emerging economies
        2. Green building initiatives
        3. Technological innovations
        4. Regulatory support
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Water-Based Coatings Market, By Product Type, 2021 - 2031 (USD Million)
      1. Water-Soluble Paints
      2. Emulsions Paints
      3. Water-Based Alkyds
    2. Global Water-Based Coatings Market, By Resin, 2021 - 2031 (USD Million)
      1. Acrylic
      2. Formaldehyde
      3. Polyurethane
      4. Alkyds
      5. Epoxy
    3. Global Water-Based Coatings Market, By End-User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Furniture
      3. Electronics
      4. Marine
      5. Paper & Printing
      6. Others
    4. Global Water-Based Coatings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Akzo Nobel N.V.
      3. Asian Paints
      4. Kansai Paint
      5. The Valspar Corporation
      6. Conren
      7. ICA Group
      8. Altana AG
      9. Axalta Coating Systems Ltd.
      10. PPG Industries Inc.
      11. Sherwin-Williams Company
      12. NIPSEA GROUP
      13. Kansai Nerolac Paints Limited.
  7. Analyst Views
  8. Future Outlook of the Market