Waterborne Coating Market Share

APAC Market Analysis

The waterborne coating market in the Asia Pacific region is predicted to dominate the market with a share of 32 % by the end of 2037. The rise of new industries in Asia ascribing to the provision of government tax incentives and low labor costs is also expected to boost the market growth in the region in the coming years. Mainly the residential and commercial building sector constitutes a major share of the Asia Pacific construction sector, and this factor is expected to offer lucrative growth opportunities for the waterborne coating market in the Asia Pacific region during the projected period. Moreover, rising costs of establishing residential and commercial structures, leading to the need for waterborne coatings are anticipated to rise in additional nations including Malaysia, Thailand, Indonesia, and Vietnam.

European Market Forecast

Moreover, the European waterborne coating sector is projected to grab a noteworthy share of 23 % during the projected timeframe. This can be attributed owing to the rising investment by the companies in order to launch a better version of waterborne coating. In addition, there has been growing awareness among the population of the Europe region related to the eco-friendly nature of waterborne coatings. According to a European Coatings Journal survey, 58% of European consumers are willing to pay more for eco-friendly coatings.