Waterborne Coating Market Size

Waterborne Coating Market size was over USD 114.17 billion in 2024 and is set to cross USD 245.74 billion by the end of 2037, witnessing more than 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of waterborne coating is estimated at USD 119.74 billion. With rapid industrialization and urbanization across the world, increasing construction activities are expected to give rise to the demand for waterborne coatings within the estimated period. There is a 12% increase in total construction activities across 2021 compared to 2020 across the globe, reported by the statistics.

Waterborne coatings are expected to grow in demand from automotive production. An operator working for OEM and refinishing company for automobiles is expected to follow regulations and move from a solvent-based coating system to a water-based coating system. A typical waterborne coating contains approximately 70% water, 20% solids, and 10% solvent. Water-based paints for automotive applications contain fewer VOCs, which reduces health-related risks.