+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)


Water-borne Coatings Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4515667
  • Report
  • January 2020
  • Region: Global
  • 120 pages
  • Mordor Intelligence
1 of 5

Enquire about COVID-19 updates for this product.

Enquire Now


  • AkzoNobel N.V
  • Asian Paints Limited
  • Benjamin Moore & Co
  • Hempel
  • Kansai Paint Co., Ltd.
  • Masco Corporation
  • MORE
Market Overview

The market for water-borne coatings is expected to grow at a CAGR of more than 5.5% during the forecast period. Major factors driving the market studied is increasing demand for building & construction.
  • Development of Bio-based products and increasing government support due to VOC emissions is likely to act as an opportunity.
  • Asia-Pacific dominated the market across the globe with the largest consumption in country such as India, China, etc.
Key Market Trends

Acrylics Segment to Dominate the Market
  • Acrylic-based resins are thermoplastic resins produced by the polymerization of acrylate or methacrylate monomers.
  • Various acrylic resins can also contain vinyl monomers, such as styrene or vinyl acetate, to reduce cost.
  • These resins provide resistance to hydrolysis, good weather resistance, excellent gloss, and color retention, particularly for exterior applications. They also have certain other properties such as transparency, UV resistance, and the high color ability for coating solutions.
  • Acrylic resins find application in solvent-borne paints. Products made by solution polymerization can also lead to the formulation of water-borne acrylic dispersions and powder coatings for architectural applications.
  • These resins are used in water-borne systems to reduce VOC emission. High surface hardness can be achieved with the application of these acrylic resins.
  • They are used in various applications, such as walls, roofs, and decks, where acrylic coatings are used to provide elastomeric finishes so as to improve the UV resistance of the surface.
  • The main application of acrylic coatings is found in the construction industry, for high-finishing in rods, bridges, floors, decks, and others. Other applications of acrylic-based paints and coatings include marine vessels & structures, electrical products, machinery, and other metal products.
  • The water-based coatings is likely to dominate the market based on acrylic resins, owing to less environmental concerns, such as VOC emission, which affect the air quality.
  • All the above factors are likely to increase the demand for the market over the forecast period.
China to Dominate the Asia-Pacific Region
  • China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in recent years.
  • China’s real estate sector has been growing rapidly with increased investment by the government. The growth in construction is expected to positively affect the paints & coatings market in the country.
  • The investments in the transportation sector increased in the near past. China’s government invested around USD 72billion for constructing transportation projects, which include railways, highways, waterways, airports, and urban rail.
  • The investment plan would enhance the country’s connectivity between the major cities, which helps for the wider economic and social development of the region.
  • In the automotive industry, the production of commercial vehicles and cars decreases. However, with the growth of electric vehicles, the demand for waterborne coatings is likely to increase.
  • All the aforementioned factors are likely to increase the demand for waterborne coatings over the forecast period.
Competitive Landscape

The waterborne coatings are consolidated. Some of the major players include AkzoNobel N.V, Arkema Group, Dow, PPG Industries, Inc., and The Sherwin-Williams Company, among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
2 of 5


  • AkzoNobel N.V
  • Asian Paints Limited
  • Benjamin Moore & Co
  • Hempel
  • Kansai Paint Co., Ltd.
  • Masco Corporation
  • MORE
1.1 Study Assumptions
1.2 Scope of the Study



4.1 Drivers
4.1.1 Increasing Demand for Building & Construction
4.1.2 Other Drivers
4.2 Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5.1 Resin Type
5.1.1 Acrylic
5.1.2 Epoxy
5.1.3 Polyurethane
5.1.4 Polyester
5.1.5 Alkyd
5.1.6 Polyvinylidene Chloride (PVDC)
5.1.7 Polyvinylidene Fluoride (PVDF)
5.1.8 Others
5.2 End-User Industry
5.2.1 Building and Construction
5.2.2 Automotive
5.2.3 Industrial
5.2.4 Wood
5.2.5 Others
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel N.V
6.4.2 Arkema Group
6.4.3 Asian Paints Limited
6.4.4 Axalta Coating Systems, LLC
6.4.5 BASF SE
6.4.6 Benjamin Moore & Co
6.4.7 Berger Paints India Limited
6.4.8 Dow
6.4.9 Hempel
6.4.10 Jotun
6.4.11 Kansai Paint Co., Ltd.
6.4.12 KCC Corporation
6.4.13 Masco Corporation
6.4.14 Nippon Paint Holdings Co., Ltd.
6.4.15 PPG Industries, Inc.
6.4.16 RPM International Inc.
6.4.17 Shawcor
6.4.18 Sika AG
6.4.19 The Sherwin-Williams Company
6.4.20 Tikkurila

7.1 Development of Bio-based Products
7.2 Increasing Government Support due to VOC emissions
Note: Product cover images may vary from those shown
3 of 5


4 of 5
  • AkzoNobel N.V
  • Arkema Group
  • Asian Paints Limited
  • Axalta Coating Systems, LLC
  • Benjamin Moore & Co
  • Berger Paints India Limited
  • Dow
  • Hempel
  • Jotun
  • Kansai Paint Co., Ltd.
  • KCC Corporation
  • Masco Corporation
  • Nippon Paint Holdings Co., Ltd.
  • PPG Industries, Inc.
  • RPM International Inc.
  • Shawcor
  • Sika AG
  • The Sherwin-Williams Company
  • Tikkurila
Note: Product cover images may vary from those shown
5 of 5