Waterborne & Solventborne Coatings Market by Waterborne CoatingType (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, Others), by Solventborne Coating Type (One Component System Coatings, Two Component System Coatings), by Application (Architectural & Decorative, General Industrial, Automotive, Marine), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Waterborne & Solventborne Coatings Market size was valued at USD 99.32 USD Billion in 2023 and is projected to reach USD 151.32 USD Billion by 2032, exhibiting a CAGR of 6.2 % during the forecast period. Waterborne & Solventborne Coatings involve the use of water as the solvent of the paint or the finishing agent and they have very low VOC emissions and hence are environmentally friendly. There are types such as acrylics, alkyds, and epoxy that are prized for speed in drying, having little or no odor, and the ease of washing them off. Water-based coatings are based on water while solvent-borne coatings employ organic solvents like urethanes and enamels exhibiting higher durability, adhesion, and ability to withstand tough environments. The waterborne coatings prevailing for residential and light commercial buildings as a result of their environmentally friendly and user-friendly nature are less suited to the demanding industrial applications, automotive solutions, or marine coatings, which are the traditional applications of solvent-borne coatings, where performance and durability are paramount.
The Waterborne & Solventborne Coatings market is poised for continued expansion, driven by several key growth catalysts:
Waterborne Coating Type:
Solventborne Coating Type:
Application:
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.2% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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