Global Water-based coatings Market is predicted to reach USD 111.10 billion at a CAGR of 5.72% during the forecast period:

Pune, India, September 2023 /press release/- Market Research Future Published a Half Cooked Research Report on Global Water-based coatings Research Report.

Market Research Future (MRFR) has published a cooked research report on the “Global Water-based Coatings Market” that contains information from 2023 to 2030. The Global Water-based Coatings Market is estimated to register a CAGR of 5.72% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Water-based coatings Market— AkzoNobel, Axalta Coating Systems, BASF SE, Berger Paints India Limited, Kansai Paint Co.Ltd, Nippon Paint Company Limited, PPG Industries Inc, Rpm International Inc, The Sherwin-Williams Company, Asian paints, The Valspar Corporation, Tikkurila Oyj, Chenyang Waterborne Paint, Jotun, and Sika AG.

Water Based Coatings Market Highlights

Global Water-based coatings Market is accounted to register a CAGR of 5.72% during the forecast period and is estimated to reach USD 111.10 Billion by 2030.

Water-based coatings, also known as waterborne coatings, are a type of paint or finish that utilizes water as the primary solvent for suspending pigment and other additives. Unlike traditional solvent-based coatings, which use organic solvents, water-based coatings rely on water to disperse the components and facilitate their application onto surfaces. Water-based coatings are more environmentally friendly compared to solvent-based coatings because they emit fewer volatile organic compounds (VOCs) into the atmosphere during application and drying. These coatings are widely used in various industries, including architectural and decorative paints, automotive coatings, industrial coatings, and wood finishes. Water-based coatings offer benefits such as reduced odor, faster drying times, ease of cleanup with water, and compliance with stricter environmental regulations regarding VOC emissions.

Segment Analysis

The Global Water-based coatings Market has been segmented based on Product Type, Resin Type, and End-Use Industries.

Based on Product Type, the market is segmented into Water-Soluble Paints, Emulsions Paints, and Water-Based Alkyds. The dominance of the Phthalate Water-Soluble Paints category in market can be attributed to its widespread use, compatibility with various substrates, and ease of application in diverse painting and coating applications.

Based on Resin Type, the market is segmented into Acrylic and Polyurethane. The Acrylic category dominates the market due to its exceptional durability, versatility, and widespread adoption across various industries for protective and decorative coatings.

Based on End-Use Industries, the market is segmented into Building & Construction, Automotive, Electronics, and Paper & Packaging. The Building & Construction category dominates the market due to the essential role of membranes in providing waterproofing, moisture control, and structural integrity for diverse construction applications.

Regional Analysis

The Global Water-based coatings Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Water-based coatings Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Water-based coatings Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Water-based coatings Market comprises of Middle East, Africa, and Latin America.

In 2021, the Asia-Pacific market for water-based coatings achieved a valuation of USD 30.54 billion and is poised to demonstrate significant CAGR growth during the study period. This expansion is primarily driven by the thriving building and construction industry in the region, which is experiencing heightened demand for waterborne coatings. The Chinese construction sector, for instance, is projected by the International Trade Administration (ITA) to grow by an average of 5% annually in real terms between 2019 and 2023.

The Europe water-based coatings market secures the second-largest market share, primarily due to the concentration of major automakers in the region. Additionally, the growing interest of European consumers in luxury goods contributes to the demand for waterborne coatings. The need for these coatings is expected to increase in automotive OEM and refinishing applications. Notably, the German water-based coatings market holds the largest market share, while the UK market stands out as the fastest growing within the European region.

Anticipated to exhibit the swiftest compound annual growth rate (CAGR) from 2022 to 2030, the North American Water-based coatings Market is driven by the escalating utilization of polyurethane-based water-based coatings in industries like automotive and aerospace. Furthermore, the US water-based coatings market captures the largest market share, while the Canadian market emerges as the fastest growing in the Asia-Pacific region.

Key Findings of the Study

• The Global Water-based coatings Market is expected to reach USD 111.10 Billion by 2030, at a CAGR of 5.72% during the forecast period.


• The water-based coatings market in the Asia-Pacific region attained a value of USD 30.54 billion and is projected to exhibit substantial CAGR growth throughout the study period. This notable advancement is primarily propelled by the flourishing building and construction sector in the region, marked by increased demand for waterborne coatings.


• Based on the Product Type, the Market has been segmented into Water-Soluble Paints holding the largest market in 2023.


• AkzoNobel, Axalta Coating Systems, BASF SE, Berger Paints India Limited, Kansai Paint Co.Ltd, Nippon Paint Company Limited, PPG Industries Inc, Rpm International Inc, The Sherwin-Williams Company, Asian paints, The Valspar Corporation, Tikkurila Oyj, Chenyang Waterborne Paint, Jotun, and Sika AG.

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