03.30.22
MarketsandMarkets has released a new report, "Waterborne Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), Application (Architectural and Industrial), Region (APAC, North America, Europe, MEA, South America) - Global Forecast to 2026."
The global waterborne coatings market size was $77.9 billion in 2020 and is projected to grow at a CAGR of 3.5% during the forecast period to reach $117.7 billion by 2026.
Waterborne coatings use water as a solvent, which makes them environmentally friendly and easy to apply. In most cases, this technology uses 80% water with small quantities of other solvents, for instance, glycol ethers. This technology is widely adopted for architectural, automotive, protective, wood, furniture, packaging, and rail coatings end-uses. The binders used for waterborne coatings are acrylics, polyurethane resins, epoxy, alkyd resins, and others.
The acrylic segment is expected to account for the largest share of the waterborne coatings market, by resin type, during the forecast period, in terms of value and volume.
Based on resin type, the acrylic segment is projected to be the largest resin type during the forecast period. Waterborne acrylic coatings withstand extreme weather and oxidation better than oil-based paints and alkyds. These coatings also provide a polymer structure that has lower tendencies to absorb ultraviolet light which helps in retaining gloss and color for longer time periods.
Based on application, architectural coatings are estimated to account for the largest share of the market during the forecast period. Waterborne coatings are used in architectural applications in European and North American countries due to stringent regulations in these regions in comparison to APAC and other smaller regions.
The global waterborne coatings market size was $77.9 billion in 2020 and is projected to grow at a CAGR of 3.5% during the forecast period to reach $117.7 billion by 2026.
Waterborne coatings use water as a solvent, which makes them environmentally friendly and easy to apply. In most cases, this technology uses 80% water with small quantities of other solvents, for instance, glycol ethers. This technology is widely adopted for architectural, automotive, protective, wood, furniture, packaging, and rail coatings end-uses. The binders used for waterborne coatings are acrylics, polyurethane resins, epoxy, alkyd resins, and others.
The acrylic segment is expected to account for the largest share of the waterborne coatings market, by resin type, during the forecast period, in terms of value and volume.
Based on resin type, the acrylic segment is projected to be the largest resin type during the forecast period. Waterborne acrylic coatings withstand extreme weather and oxidation better than oil-based paints and alkyds. These coatings also provide a polymer structure that has lower tendencies to absorb ultraviolet light which helps in retaining gloss and color for longer time periods.
Based on application, architectural coatings are estimated to account for the largest share of the market during the forecast period. Waterborne coatings are used in architectural applications in European and North American countries due to stringent regulations in these regions in comparison to APAC and other smaller regions.
