Waterborne Coatings Market Size to Reach Revenues of over USD 105 Billion by 2026 - Arizton - Seite 2

• Epoxy
• Polyester
• Acrylic
• Polyurethane
• Alkyd
• Others

Waterborne Coatings Market by End-User Industry

• Automotive
• General Industrial
• Architectural
• Wood Industry
• Packaging
• Others

Waterborne Coatings Market – Dynamics

The growing awareness among consumers and stringent government regulations in various regions enforced paint and coating manufacturers to produce better products. The manufacturers' old ways of doing business relied on unsustainable chemicals that harmed the environment and humans. Improvements have come about largely due to protests championing anti-pollution practices and stringent government regulations supporting eco-friendly, clean products that are humanely produced, giving the idea of eco-conscious paints a boost. Consumers are looking at going back to the basics and using products that are as natural and breathable as possible. The movement against ammonia, formaldehyde, and heavy metals such as arsenic and lead is well spread and is only growing.

Key Drivers and Trends fueling Market Growth:

• High Growth Potential in Emerging Economies
• Growing Demand from Construction Industry
• Increasing Automotive Production
• Rising Home Improvement Activities

Waterborne Coatings Market – Geography

North America, which includes the key countries of the US and Canada, constitutes a significant region as it hosts the most advanced and largest economies of the world. North America is the third-largest market for water-borne coatings and accounts for over 18% of the total water-borne coatings market. The US is the major revenue contributor to the North American water-borne coatings market and accounted for a share of around 89% in 2020. The automobile industry is crucial in North America and is going through major transformations. The development of electric vehicle infrastructure is one of the key highlights in the automobile industry in the North American region. In addition, in terms of exports, automobiles accounted for the largest share in recent years.