Global Water-Based Coatings Market is valued USD 74.1 Billion in 2019 and is projected is to exhibit 4.7 % CAGR during the forecast period. The market is projected to be around USD 102.20 Billion by 2026. The market is driven by the growing construction activities across the world.

Water-borne coatings are based on emulsifying the pigments, binder, and additives with water. Single-component emulsion coatings are used to produce films by solvent evaporation. Copolymers of vinyl, acrylic, and styrene compounds are typically used as the binder in this type of coating.
Water-Based Coatings Market Dynamics
The factors that increase the growth of the water-based coatings market are such as growing construction activities across the world, growing environmental concerns, and increasing awareness among consumers. The rising demand for automobiles is expected to play a significant role in the growth of the water-based coatings market during the forecast period. Moreover, the growing demand for electronics is likely to influence the market positively in the upcoming years.

Additionally, implementation of government regulations against the emission of Volatile Organic Compounds (VOCs) from coatings has been a key driver for the growth of the water-borne market. At the same time, the major challenge faced by the water-borne coatings market is the inability of these coatings to adhere to grimy, chalky, and peeling surfaces thereby demands thorough surface preparation. Surface preparation would require an increase in cost and time. In recent years, the water-borne coatings market has observed new product advancements and innovations such as the emergence of eco-friendly coatings will help to boost the market growth.
Water-Based Coatings Market Insight
Based on the region, APAC is expected to dominate the market of a water-based coatings, due to the rising demand for waterborne coatings from industries, such as automotive, marine, general industrial, new construction, and remodel & repaint, from countries such as China, India, Malaysia, in the region, is predicted to drive the growth of the waterborne coatings market. China is expected to drive the demand for waterborne coatings in APAC during the forecast period. Lenient environmental regulations regarding emission levels, and raised income levels have resulted in the increase of the waterborne coatings market in China.
Water-Based Coatings Market Segmentation
The global Water-Based Coatings Market is segmented into resin type, end-user, and region. On the basis of the Resin Type the market is divided into acrylic, epoxy, polyurethane, polyester, alkyd, polyvinylidene chloride (PVDC), polyvinylidene fluoride (PVDF), others. Based on end-user the market is segmented into building and construction, automotive, industrial, wood, others. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Water-Based Coatings Market Competitive Landscape
The key players in Water-Based Coatings Market are listed as BASF SE, AkzoNobel N.V., 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., Jotun Group, Tikkurila OYJ.