Waterborne Coating Market Size

  • Report ID: 3887
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

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.


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Author Credits:  Rajrani Baghel


  • Report ID: 3887
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of waterborne coating is estimated at USD 119.74 billion.

The 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. The market expansion is attributed to rapidly rising urbanization around the world, and growing preference for waterborne coatings in various end-user industries.

Europe industry is anticipated to grab a noteworthy share of 23% by 2037, owing to rising investment by the companies in order to launch a better version of waterborne coating.

The major players in the market include BASF SE, PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, Asian Paints Limited, Axalta Coating Systems LLC, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, AkzoNobel N.V.
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