The waterborne coatings market is projected to reach USD 124.3 billion by 2027 and USD 140.7 billion by 2030, at a CAGR of 3.8% between 2022-2027 and 4.2% between 2028-2030. Asia Pacific accounts for a major share of the overall waterborne coatings market due to the increasing infrastructural development, technological advancement related to waterborne coatings, and rising consumer awareness regarding the benefits of using waterborne coatings.
Players, including Sherwin-Williams (US) and PPG Industries Inc. (US), have adopted several growth strategies between 2018 and 2022 (July) to expand their global presence and increase their market shares. New product launches/developments, mergers & acquisitions, investments & expansions, partnerships & agreements, and joint ventures & collaborations were the strategies adopted by these players to achieve growth in the waterborne coatings market.
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PPG Industries is a global manufacturer and supplier of paints, coatings, optical products, and specialty materials. It caters to consumers in the industrial, consumer goods, transportation, and construction industries. PPG offers industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food & beverage container manufacturers. For a variety of industries, the company also offers protective coating solutions. Industrial coating and performance coating are the two primary operating segments. Through its performance coating segment, the company provides waterborne coatings. It operates over 156 manufacturing facilities around the world.
Sherwin-Williams Company is one of the world’s leading manufacturers, developers, distributors, and retailers of paints, coatings, and related products to professional, industrial, commercial, and retail customers. The American group, Performance Coatings Group, and Consumer Brands Group are its three primary operating segments. The performance coatings Group segment of the company provides waterborne coatings. Bridge and highway, flooring, food, steel fabrication, marine, oil and gas, power, and rail are among the market served by the company. It operates in over 120 countries, focusing on Europe, North America, and Asia Pacific.
Waterborne Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), Application (Architectural and Industrial), and Region (Asia Pacific, North America, Europe, ME&A, South America) - Global Forecast to 2030
Mr. Aashish Mehra
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