Waterborne Coatings Market worth 75.29 Billion USD by 2020
The report "Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF,
PVDC), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging,
Coil), by Region - Global Forecast to 2020", published by MarketsandMarkets, The Global Waterborne Coatings
Market size is projected to reach USD 75.29 Billion by 2020, at a CAGR of 5.05% from 2015.
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Browse 89 market data Tables and 52 Figures spread through 190 Pages and in-depth TOC on "Waterborne
Coatings Market"
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Report that analyzes the global waterborne coatings market with respect to the market drivers, restraints,
opportunities, and challenges in different regions. The major driver identified for the global waterborne coatings
market is government regulatory support, growth in applications areas, and increasing demand from the Asia-
Pacific region.
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Increasing demand from architectural applications is driving the waterborne coatings market.
The demand from architectural application is driven by growing urbanization in Asia-Pacific and RoW, which
resulted into increased demand for residential, commercial, and industrial infrastructure. Low interest rates on
housing loans are also responsible for increase in the demand for new houses, eventually driving the architectural
coatings segment. This segment is estimated to grow rapidly as compared to other application segments. It is
mainly driven by the increasing demand of infrastructure requirements in residential, non-residential, and
commercial sectors in Asia-Pacific and RoW. Architectural application in Asia-Pacific is projected to grow at the
highest rate between 2015 and 2020. The increasing population in the Asia-Pacific region is driving the
construction industry eventually driving the architectural industry.
Waterborne acrylic coatings growing at the highest rate
Acrylic-based waterborne coating is the fastest-growing market among all resin types. The demand for waterborne
acrylic coatings is expected to be highest in Southeast Asia due to increasing demand for acrylic resins in the
automotive and construction sectors. As the region is witnessing high growth in the construction industry, there is
high demand for acrylic-based waterborne coatings.
On the other hand, in China, demand for waterborne acrylic-based coatings for vehicles has been gradually
increasing as some automobile manufacturers, such as Toyota, Honda, and Hyundai have started applying water-
based systems in their new product lines.
Asia-Pacific is the largest market for waterborne coatings
Asia-Pacific is the largest market for waterborne coatings, both in terms of volume and value, followed by North
America and Western Europe. Countries such as the U.S., China, and Germany are the major markets of