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Acrylic Based Waterborne Coatings Market Analysis

ID: MRFR/CnM/2627-CR
143 Pages
Anshula Mandaokar
August 2017

Waterborne Acrylic Coating Market by Application (construction material, architectural wood, automotive OEM, metal packaging, automotive aftermarket, protective coatings and others), by End Use (building & construction, automotive, woodworking, packaging, general industry, and others), and by Region - Forecast till 2035

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Market Analysis

In-depth Analysis of Acrylic Based Waterborne Coatings Market Industry Landscape

The market dynamics of the waterborne acrylic coating industry are driven by several key factors that influence supply, demand, and overall market performance. Firstly, environmental regulations and consumer preferences play a significant role in shaping the market landscape. With increasing concerns about the environmental impact of solvent-based coatings, there has been a growing demand for waterborne alternatives. Government regulations aimed at reducing volatile organic compound (VOC) emissions have also spurred the adoption of waterborne acrylic coatings, as they typically have lower VOC content compared to solvent-based counterparts.

The major raw materials involved in the extraction and manufacturing of waterborne coatings are pigments, additives, surfactants, and Synthetic resins. The global waterborne acrylic coatings market research shares detailed analysis of the overall consumption of water-based soluble acrylic resins. Rising government initiatives to make use of water-based solvent due to high performance is marketing the growth of the Waterborne Coatings industry.

Moreover, advancements in technology have led to the development of waterborne acrylic coatings with improved performance characteristics, such as better adhesion, durability, and weather resistance. These advancements have expanded the application scope of waterborne acrylic coatings across various end-use industries, including construction, automotive, furniture, and packaging. As a result, manufacturers are investing in research and development to innovate and differentiate their products in a competitive market environment.

Another significant factor influencing market dynamics is the increasing focus on sustainable and eco-friendly products. Consumers are becoming more conscious of the environmental impact of the products they use and are actively seeking out environmentally friendly alternatives. Waterborne acrylic coatings, being water-based and low in VOCs, are perceived as more sustainable options compared to solvent-based coatings. This shift in consumer preferences has prompted manufacturers to incorporate sustainability into their product development strategies and marketing efforts, driving the demand for waterborne acrylic coatings.

Furthermore, the growth of end-use industries such as construction and automotive also contributes to the expansion of the waterborne acrylic coating market. As construction activities continue to rise globally, driven by urbanization and infrastructure development, there is a growing demand for coatings that offer protection and aesthetic appeal to various surfaces such as walls, floors, and roofs. Similarly, in the automotive industry, waterborne acrylic coatings are used for exterior and interior applications to enhance appearance, durability, and corrosion resistance.

However, despite the numerous drivers of growth, the waterborne acrylic coating market faces certain challenges that affect its dynamics. One such challenge is the higher cost of waterborne formulations compared to solvent-based alternatives. Although waterborne coatings offer environmental and performance benefits, their higher cost can sometimes deter price-sensitive consumers and limit market penetration, especially in regions with lower purchasing power.

Additionally, the COVID-19 pandemic has had a significant impact on the waterborne acrylic coating market, disrupting supply chains, and causing fluctuations in demand. Lockdown measures and economic slowdowns in various countries have led to delays in construction projects and reduced consumer spending on non-essential goods, affecting the demand for coatings across different end-use industries. However, as economies recover and construction activities resume, the market is expected to regain momentum in the coming years.

Author
Anshula Mandaokar
Team Lead - Research

Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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FAQs

How much is the global waterborne acrylic coating worth in the future?

The global waterborne acrylic coatings market is expected to draw accruals worth USD 61.31 BN by 2035.

At what CAGR is the global waterborne acrylic coating market projected to grow in the forecast period (2025-2035)?

The global waterborne acrylic coatings market is projected to grow at approximately 5.77% CAGR during the assessment period (2024-2035).

What are the major tailwinds pushing the growth of the global waterborne acrylic coating market?

Widely uses across major industries such as building & construction and automotive, Spurting rise in the global economy.

Which region holds the largest share in the global waterborne acrylic coating market?

Asia Pacific holds the largest share in the global waterborne acrylic coating market, followed by North America and Europe, respectively.

Who are the top players in the global waterborne acrylic coating market?

PPG Industries, The Dow Chemical Company, BASF SE, DSM, DIC Corporation, Axalta Coating Systems, and Nippon Paints Limited, are some of the major players operating in the waterborne acrylic coating market.

Market Summary

As per MRFR analysis, the Acrylic Based Waterborne Coatings Market was estimated at 17.2 USD Billion in 2024. The Acrylic Based Waterborne Coatings industry is projected to grow from 20.19 USD Billion in 2025 to 100.07 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 17.36 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Acrylic Based Waterborne Coatings Market is experiencing robust growth driven by sustainability and technological advancements.

  • North America remains the largest market for acrylic based waterborne coatings, reflecting a strong demand in various applications.
  • Asia-Pacific is identified as the fastest-growing region, indicating a shift towards eco-friendly solutions in emerging economies.
  • Architectural coatings dominate the market, while protective coatings are witnessing rapid growth due to increasing industrial applications.
  • Sustainability initiatives and consumer awareness are key drivers propelling the market forward, particularly in the construction and automotive segments.

Market Size & Forecast

2024 Market Size 17.2 (USD Billion)
2035 Market Size 100.07 (USD Billion)
CAGR (2025 - 2035) 17.36%
Largest Regional Market Share in 2024 North America

Major Players

BASF SE (DE), AkzoNobel N.V. (NL), PPG Industries, Inc. (US), Sherwin-Williams Company (US), Nippon Paint Holdings Co., Ltd. (JP), RPM International Inc. (US), Kansai Paint Co., Ltd. (JP), Henkel AG & Co. KGaA (DE), Asian Paints Limited (IN)

Market Trends

The Acrylic Based Waterborne Coatings Market is currently experiencing a notable transformation, driven by increasing environmental awareness and stringent regulations regarding volatile organic compounds. This shift towards eco-friendly solutions has prompted manufacturers to innovate and develop advanced formulations that not only meet performance standards but also minimize environmental impact. As a result, the demand for waterborne coatings is on the rise, particularly in sectors such as construction, automotive, and industrial applications. The market appears to be expanding as consumers and businesses alike seek sustainable alternatives that offer durability and aesthetic appeal. Moreover, the Acrylic Based Waterborne Coatings Market is witnessing a surge in technological advancements, which are enhancing product performance and application methods. Innovations in polymer chemistry and formulation techniques are enabling the production of coatings that exhibit superior adhesion, flexibility, and resistance to various environmental factors. This evolution is likely to attract a broader customer base, as industries increasingly recognize the benefits of adopting waterborne solutions over traditional solvent-based options. The market's trajectory suggests a promising future, characterized by continuous growth and adaptation to emerging trends and consumer preferences.

Sustainability Focus

The Acrylic Based Waterborne Coatings Market is increasingly aligning with sustainability initiatives. Manufacturers are prioritizing eco-friendly formulations that reduce harmful emissions and comply with environmental regulations. This trend reflects a broader societal shift towards greener practices, influencing purchasing decisions across various sectors.

Technological Advancements

Innovations in polymer technology are reshaping the Acrylic Based Waterborne Coatings Market. Enhanced formulations are being developed to improve performance characteristics such as adhesion, durability, and resistance to environmental factors. These advancements are likely to drive market growth as industries seek superior coating solutions.

Diverse Applications

The versatility of acrylic based waterborne coatings is expanding their application across multiple industries. From construction to automotive, the adaptability of these coatings is fostering increased demand. This trend indicates a growing recognition of the benefits offered by waterborne solutions in various settings.

Acrylic Based Waterborne Coatings Market Market Drivers

Consumer Preferences

Shifting consumer preferences towards high-quality, durable, and environmentally friendly products are reshaping the Global Waterborne Acrylic Coatings Market Industry. As consumers become more informed about the environmental impact of their choices, there is a growing inclination towards waterborne acrylic coatings that offer lower toxicity and better performance. This trend is particularly evident in the DIY segment, where consumers seek products that are safe and easy to use. Manufacturers are responding by developing a wider range of waterborne acrylic products that cater to these preferences, thereby enhancing market competitiveness. The anticipated growth of the market, with a CAGR of 7.25% from 2025 to 2035, indicates that consumer preferences will continue to drive innovation and expansion.

Regulatory Compliance

Regulatory compliance is a significant driver in the Global Waterborne Acrylic Coatings Market Industry, as governments worldwide impose stricter environmental standards. These regulations often mandate the reduction of harmful emissions from coatings, prompting manufacturers to shift towards waterborne solutions. The ability of waterborne acrylic coatings to meet these regulations positions them favorably in the market. As industries strive to comply with these standards, the demand for compliant products is expected to surge. This shift not only supports environmental sustainability but also enhances the market's growth potential, as companies seek to avoid penalties and maintain their reputations in an increasingly eco-conscious landscape.

Sustainability Trends

The Global Waterborne Acrylic Coatings Market Industry is experiencing a notable shift towards sustainability, driven by increasing environmental regulations and consumer preferences for eco-friendly products. Waterborne acrylic coatings, known for their low volatile organic compound emissions, align with these sustainability goals. As industries adopt greener practices, the demand for these coatings is expected to rise. This trend is particularly evident in the construction and automotive sectors, where sustainable materials are prioritized. The market's projected growth from 37.6 USD Billion in 2024 to 81.2 USD Billion by 2035, with a CAGR of 7.25% from 2025 to 2035, underscores the importance of sustainability in shaping industry dynamics.

Market Growth Projections

The Global Waterborne Acrylic Coatings Market Industry is poised for substantial growth, with projections indicating an increase from 37.6 USD Billion in 2024 to 81.2 USD Billion by 2035. This growth reflects a compound annual growth rate (CAGR) of 7.25% from 2025 to 2035, driven by various factors including sustainability trends, technological advancements, and rising consumer demand for eco-friendly products. The market's expansion is expected to be supported by the increasing adoption of waterborne coatings across diverse applications, including construction, automotive, and industrial sectors. As industries continue to prioritize environmentally responsible solutions, the waterborne acrylic coatings market is likely to thrive in the coming years.

Technological Advancements

Technological innovations play a crucial role in the Global Waterborne Acrylic Coatings Market Industry, enhancing product performance and application methods. Advances in formulation chemistry have led to the development of coatings with superior durability, adhesion, and weather resistance. These improvements not only meet the stringent requirements of various applications but also cater to the evolving needs of consumers. For instance, the introduction of self-cleaning and anti-microbial coatings has expanded the functionality of waterborne acrylics. As manufacturers continue to invest in research and development, the market is likely to witness an influx of innovative products, further driving growth and adoption across multiple sectors.

Growing Construction Sector

The expansion of the construction sector significantly influences the Global Waterborne Acrylic Coatings Market Industry. As urbanization accelerates globally, the demand for residential and commercial buildings increases, leading to a higher requirement for protective and decorative coatings. Waterborne acrylic coatings are favored in this sector due to their excellent performance characteristics and environmental benefits. The construction industry's growth trajectory is reflected in the increasing investments in infrastructure projects, which further propels the demand for these coatings. With the market projected to grow from 37.6 USD Billion in 2024 to 81.2 USD Billion by 2035, the construction sector remains a vital driver of this upward trend.

Market Segment Insights

By Application: Architectural Coatings (Largest) vs. Protective Coatings (Fastest-Growing)

In the Acrylic Based Waterborne Coatings Market, Architectural Coatings dominate the application segment, capturing a significant portion of the market share. This segment includes products primarily used in residential and commercial buildings, reflecting the booming construction industry. It is followed closely by Industrial Coatings, which cater to manufacturing and production needs. Automotive Coatings and Wood Coatings share the market, focusing on the automotive and furniture industries, respectively, while Protective Coatings, although smaller, are rapidly gaining traction due to increased awareness of asset protection and sustainability measures.

Architectural Coatings (Dominant) vs. Protective Coatings (Emerging)

Architectural Coatings are characterized by their versatility and extensive use in both new constructions and renovations, making them a staple in the acrylic-based waterborne coatings market. Their demand is driven by aesthetic appeal and environmental concerns, leading to innovations in formulation and application. In contrast, Protective Coatings have emerged as a critical player due to heightened focus on durability and longevity in various applications, such as infrastructure protection and industrial equipment. This segment is witnessing quick growth as manufacturers increasingly prioritize sustainability and regulatory compliance, adapting their products to meet stringent environmental standards.

By End Use: Construction (Largest) vs. Automotive (Fastest-Growing)

In the Acrylic Based Waterborne Coatings Market, the end-use segment distribution reveals that construction leads significantly, attributed to the increasing demand for eco-friendly and high-performance coatings in infrastructure projects. Automotive follows as a notable segment, driven by the rising focus on sustainable solutions in the automotive industry that comply with strict environmental regulations. This shift towards greener options is reshaping the market landscape, highlighting the importance of innovation in this space. Growth trends in this segment illustrate a vibrant trajectory, especially for the automotive sector, which is expanding rapidly due to the push for lightweight materials and energy-efficient vehicles. Additionally, the construction sector is fortified by government initiatives promoting sustainable building practices, which bolster the adoption of acrylic-based waterborne coatings as a solution for durability and environmental compliance.

Construction: Dominant vs. Automotive: Emerging

The construction sector stands as the dominant force in the Acrylic Based Waterborne Coatings Market, primarily due to its extensive use in residential and commercial applications. This segment benefits from a demand for sustainable materials that meet both aesthetic and functional requirements. On the other hand, the automotive sector is emerging as a key player, experiencing significant growth fueled by innovations in vehicle design and the increasing integration of green technologies. As automotive manufacturers seek coatings that offer superior performance while adhering to environmental regulations, the demand for acrylic-based waterborne coatings is set to surge, making this an exciting area for manufacturers and industry stakeholders alike.

By Formulation Type: Waterborne Acrylic Emulsions (Largest) vs. Waterborne Acrylic Solutions (Fastest-Growing)

In the Acrylic Based Waterborne Coatings Market, Waterborne Acrylic Emulsions hold the largest share, driven by their widespread usage in a variety of applications, including architectural and industrial coatings. Meanwhile, Waterborne Acrylic Solutions, which are gaining momentum due to their versatility and quick drying properties, are emerging as the fastest-growing segment. The demand for low VOC emissions and eco-friendly formulations is amplifying the market's interest in these solutions, catering to the needs of progressive consumers and regulatory frameworks. The market is witnessing a notable transformation with Waterborne Acrylic Dispersions and Waterborne Acrylic Resins also playing vital roles. Dispersions have been recognized for their performance in outdoor applications, whereas resins are favored for their durability and adhesion properties. The shift towards sustainable products and innovations in formulation technologies are expected to augment growth across all segments in the coming years, as manufacturers adapt to consumer preferences and environmental standards.

Waterborne Acrylic Emulsions (Dominant) vs. Waterborne Acrylic Dispersions (Emerging)

Waterborne Acrylic Emulsions dominate the Acrylic Based Waterborne Coatings Market thanks to their versatility, ease of application, and excellent performance characteristics. They offer high gloss finishes and are suitable for diverse applications, including decorative and protective coatings. As consumers increasingly lean towards sustainable choices, these emulsions stand out for their low VOC emissions and environmental compliance. On the other hand, Waterborne Acrylic Dispersions are gaining traction as an emerging alternative, particularly in sectors demanding high-performance coatings for outdoor and industrial applications. Known for their superior durability and weather resistance, these dispersions are positioned for growth amid heightened awareness of environmental impact and stringent regulations. Collectively, these formulation types are shaping the market landscape, catering to a wide array of consumer needs.

By Technology: Conventional Technology (Largest) vs. Low VOC Technology (Fastest-Growing)

The Acrylic Based Waterborne Coatings Market is predominantly divided among four major technology types: Conventional Technology, High Solids Technology, Low VOC Technology, and Nano Technology. Among these, Conventional Technology holds the largest market share, primarily due to its established presence and wide range of applications across various industries. However, Low VOC Technology is rapidly gaining traction as sustainability and environmental compliance become crucial factors for manufacturers and consumers alike, compelling a shift toward greener alternatives.

Technology: Conventional Technology (Dominant) vs. Low VOC Technology (Emerging)

Conventional Technology remains the dominant force in the Acrylic Based Waterborne Coatings Market, favored for its reliability and cost-effectiveness in a diverse array of applications, from automotive to architectural coatings. Its extensive production capabilities and familiarity with end-users solidify its market position. Conversely, Low VOC Technology is emerging as a critical player by offering environmentally friendly solutions that significantly reduce volatile organic compound emissions. Increasing regulatory pressures and a growing consumer preference for sustainable products are driving its adoption, resulting in robust growth potential. This technology not only aligns with eco-friendly initiatives but also meets the performance standards required by modern coatings, making it a compelling choice for future developments.

By Curing Method: Air Drying (Largest) vs. UV Curing (Fastest-Growing)

In the Acrylic Based Waterborne Coatings Market, the curing method segment showcases a diverse distribution, with Air Drying holding the largest share among the four key methods. This method is favored for its simplicity and energy efficiency, making it a popular choice in various applications. Meanwhile, UV Curing is rapidly gaining traction, recognized for its quick-drying capabilities and sustainability benefits, positioning itself as a major competitor in the market.

Curing Methods: Air Drying (Dominant) vs. UV Curing (Emerging)

Air Drying offers a cost-effective and energy-efficient option for various applications, predominantly preferred in the architectural and industrial coatings sectors. However, as sustainability becomes more crucial, UV Curing is emerging as a transformative method that reduces solvent emissions and provides faster drying times. The increasing demand for high-performance coatings coupled with stringent environmental regulations has accelerated UV Curing's adoption, making it a game-changer in the acrylic based waterborne coatings space. As manufacturers seek innovative solutions, UV Curing's potential for growth appears robust, targeting sectors that prioritize rapid production cycles and eco-friendliness.

Get more detailed insights about Waterborne Acrylic Coatings Market Research Report- Forecast to 2035

Regional Insights

North America : Market Leader in Coatings

North America is poised to maintain its leadership in the Acrylic Based Waterborne Coatings Market, holding a market size of $8.64 billion in 2025. The region's growth is driven by increasing demand for eco-friendly coatings, stringent environmental regulations, and a robust construction sector. The shift towards sustainable products is further supported by government initiatives promoting low-VOC emissions, enhancing market dynamics. The United States and Canada are the primary contributors to this market, with key players like PPG Industries, Sherwin-Williams, and BASF leading the charge. The competitive landscape is characterized by innovation and strategic partnerships, ensuring a steady supply of advanced coating solutions. The presence of established manufacturers and a growing focus on R&D are expected to bolster market growth in the coming years.

Europe : Sustainable Coating Innovations

Europe's Acrylic Based Waterborne Coatings Market is projected to reach $5.12 billion by 2025, driven by increasing environmental awareness and regulatory support for sustainable products. The region's stringent regulations on VOC emissions and a strong push for green building practices are key growth drivers. Countries like Germany, France, and the UK are at the forefront, with rising demand for waterborne coatings in various applications, including automotive and construction. Germany stands out as a leading market, supported by major players like AkzoNobel and BASF. The competitive landscape is marked by innovation in product formulations and a focus on sustainability. The European market is witnessing a shift towards high-performance coatings that meet both aesthetic and environmental standards, ensuring a robust growth trajectory in the coming years.

Asia-Pacific : Emerging Market Potential

The Asia-Pacific region is experiencing significant growth in the Acrylic Based Waterborne Coatings Market, with a projected size of $3.84 billion by 2025. This growth is fueled by rapid urbanization, increasing construction activities, and a rising awareness of environmental issues. Countries like China and India are leading the charge, supported by government initiatives aimed at promoting sustainable development and eco-friendly products. China is the largest market in the region, with a strong presence of key players such as Nippon Paint and Kansai Paint. The competitive landscape is evolving, with local manufacturers increasingly focusing on innovation and quality to capture market share. The demand for waterborne coatings is expected to rise across various sectors, including automotive, industrial, and decorative applications, driving overall market expansion.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa region is gradually emerging in the Acrylic Based Waterborne Coatings Market, with a market size of $0.6 billion projected for 2025. The growth is primarily driven by increasing construction projects and a rising demand for environmentally friendly coatings. Government initiatives aimed at promoting sustainable practices are also contributing to market development, albeit at a slower pace compared to other regions. Countries like South Africa and the UAE are leading the market, with a growing presence of international players. The competitive landscape is characterized by a mix of local and global manufacturers, focusing on expanding their product offerings to meet the evolving needs of consumers. As infrastructure development continues, the demand for waterborne coatings is expected to rise, presenting significant opportunities for growth.

Key Players and Competitive Insights

The Acrylic Based Waterborne Coatings Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for environmentally friendly products and stringent regulatory frameworks. Major players such as BASF SE (DE), AkzoNobel N.V. (NL), and PPG Industries, Inc. (US) are actively positioning themselves through innovation and strategic partnerships. These companies are focusing on enhancing their product portfolios with sustainable solutions, which not only meet regulatory requirements but also cater to the growing consumer preference for eco-friendly options. The collective strategies of these firms contribute to a competitive environment that is increasingly centered around sustainability and technological advancement.In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which is particularly crucial in a market that is moderately fragmented. This approach allows for greater responsiveness to regional demands and enhances operational efficiency. The competitive structure is shaped by the presence of both large multinational corporations and smaller regional players, each contributing to a diverse market landscape that fosters innovation and competition.

In November AkzoNobel N.V. (NL) announced the launch of a new line of waterborne coatings designed specifically for the automotive sector, emphasizing sustainability and performance. This strategic move is significant as it not only expands AkzoNobel's product offerings but also aligns with the industry's shift towards greener solutions, potentially capturing a larger market share in a rapidly evolving sector.

In October PPG Industries, Inc. (US) entered into a partnership with a leading technology firm to integrate AI-driven analytics into their manufacturing processes. This initiative aims to enhance production efficiency and reduce waste, reflecting a broader trend towards digital transformation within the industry. The implications of this partnership could lead to improved product quality and reduced operational costs, positioning PPG favorably against its competitors.

In September BASF SE (DE) completed the acquisition of a regional coatings manufacturer, which is expected to bolster its market presence in Asia. This acquisition not only enhances BASF's production capabilities but also allows for greater access to emerging markets, thereby strengthening its competitive position. The strategic importance of this move lies in its potential to leverage local expertise and distribution networks, facilitating a more agile response to market demands.

As of December the competitive trends in the Acrylic Based Waterborne Coatings Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies seek to enhance their capabilities and market reach. The evolution of competitive differentiation appears to be shifting from traditional price-based competition towards a focus on innovation, technology, and supply chain reliability. This transition suggests that companies that prioritize sustainable practices and technological advancements are likely to thrive in the future.

Key Companies in the Acrylic Based Waterborne Coatings Market include

Industry Developments

  • Q2 2024: PPG Launches Next-Generation Waterborne Acrylic Coating for Automotive OEMs PPG Industries announced the launch of a new waterborne acrylic coating system designed for automotive original equipment manufacturers, offering improved environmental performance and faster curing times.
  • Q2 2024: AkzoNobel Opens New Waterborne Coatings Facility in China AkzoNobel inaugurated a new manufacturing facility in Changzhou, China, dedicated to the production of waterborne acrylic coatings for the Asian automotive and industrial sectors.
  • Q3 2024: BASF Expands Waterborne Acrylic Resin Production in Germany BASF announced the expansion of its Ludwigshafen site to increase production capacity for waterborne acrylic resins, supporting growing demand in the European coatings market.
  • Q3 2024: Sherwin-Williams Launches Low-VOC Waterborne Acrylic Coating for Architectural Applications Sherwin-Williams introduced a new line of low-VOC waterborne acrylic coatings targeting the architectural segment, emphasizing sustainability and compliance with stricter environmental regulations.
  • Q4 2024: Axalta Announces Strategic Partnership with BYD for Waterborne Automotive Coatings Axalta Coating Systems entered a partnership with BYD to supply waterborne acrylic coatings for BYD's electric vehicle production lines in China.
  • Q4 2024: Nippon Paint Launches Eco-Friendly Waterborne Acrylic Coating for Southeast Asia Nippon Paint introduced a new eco-friendly waterborne acrylic coating product line for the Southeast Asian market, focusing on green building and infrastructure projects.
  • Q1 2025: PPG Completes Acquisition of Specialty Waterborne Coatings Producer in Europe PPG Industries completed the acquisition of a European specialty manufacturer of waterborne acrylic coatings, expanding its portfolio and regional presence.
  • Q1 2025: AkzoNobel Signs Supply Agreement with Tesla for Waterborne Acrylic Coatings AkzoNobel secured a multi-year supply agreement to provide waterborne acrylic coatings for Tesla's automotive manufacturing plants in Europe.
  • Q2 2025: BASF Launches Bio-Based Waterborne Acrylic Coating for Industrial Applications BASF introduced a new bio-based waterborne acrylic coating targeting industrial customers seeking sustainable and high-performance solutions.
  • Q2 2025: Sherwin-Williams Opens R&D Center Focused on Waterborne Acrylic Technologies Sherwin-Williams opened a new research and development center in the United States dedicated to advancing waterborne acrylic coating technologies.
  • Q3 2025: Axalta Wins Major Contract to Supply Waterborne Acrylic Coatings for European Rail Project Axalta secured a contract to supply waterborne acrylic coatings for a large-scale European rail infrastructure project, supporting sustainability goals.
  • Q3 2025: Nippon Paint Appoints New CEO to Drive Waterborne Coatings Expansion Nippon Paint Holdings appointed a new CEO with a mandate to accelerate the company's growth in the waterborne acrylic coatings sector globally.

Future Outlook

Acrylic Based Waterborne Coatings Market Future Outlook

The Acrylic Based Waterborne Coatings Market is projected to grow at a 17.36% CAGR from 2025 to 2035, driven by increasing environmental regulations and demand for sustainable products.

New opportunities lie in:

  • Expansion into emerging markets with tailored product offerings.
  • Development of high-performance coatings for industrial applications.
  • Investment in R&D for innovative formulations enhancing durability and performance.

By 2035, the market is expected to solidify its position as a leader in sustainable coating solutions.

Market Segmentation

Acrylic Based Waterborne Coatings Market End Use Outlook

  • Construction
  • Automotive
  • Furniture
  • Marine
  • Aerospace

Acrylic Based Waterborne Coatings Market Technology Outlook

  • Conventional Technology
  • High Solids Technology
  • Low VOC Technology
  • Nano Technology

Acrylic Based Waterborne Coatings Market Application Outlook

  • Architectural Coatings
  • Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Protective Coatings

Acrylic Based Waterborne Coatings Market Curing Method Outlook

  • Air Drying
  • Heat Curing
  • UV Curing
  • Chemical Curing

Acrylic Based Waterborne Coatings Market Formulation Type Outlook

  • Waterborne Acrylic Emulsions
  • Waterborne Acrylic Solutions
  • Waterborne Acrylic Dispersions
  • Waterborne Acrylic Resins

Report Scope

MARKET SIZE 202417.2(USD Billion)
MARKET SIZE 202520.19(USD Billion)
MARKET SIZE 2035100.07(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)17.36% (2025 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledBASF SE (DE), AkzoNobel N.V. (NL), PPG Industries, Inc. (US), Sherwin-Williams Company (US), Nippon Paint Holdings Co., Ltd. (JP), RPM International Inc. (US), Kansai Paint Co., Ltd. (JP), Henkel AG & Co. KGaA (DE), Asian Paints Limited (IN)
Segments CoveredApplication, End Use, Formulation Type, Technology, Curing Method
Key Market OpportunitiesGrowing demand for eco-friendly solutions drives innovation in the Acrylic Based Waterborne Coatings Market.
Key Market DynamicsRising demand for eco-friendly solutions drives innovation and competition in the Acrylic Based Waterborne Coatings Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

FAQs

How much is the global waterborne acrylic coating worth in the future?

The global waterborne acrylic coatings market is expected to draw accruals worth USD 61.31 BN by 2035.

At what CAGR is the global waterborne acrylic coating market projected to grow in the forecast period (2025-2035)?

The global waterborne acrylic coatings market is projected to grow at approximately 5.77% CAGR during the assessment period (2024-2035).

What are the major tailwinds pushing the growth of the global waterborne acrylic coating market?

Widely uses across major industries such as building & construction and automotive, Spurting rise in the global economy.

Which region holds the largest share in the global waterborne acrylic coating market?

Asia Pacific holds the largest share in the global waterborne acrylic coating market, followed by North America and Europe, respectively.

Who are the top players in the global waterborne acrylic coating market?

PPG Industries, The Dow Chemical Company, BASF SE, DSM, DIC Corporation, Axalta Coating Systems, and Nippon Paints Limited, are some of the major players operating in the waterborne acrylic coating market.

  1. SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
    1. | 1.1 EXECUTIVE SUMMARY
    2. | 1.1.1 Market Overview
    3. | 1.1.2 Key Findings
    4. | 1.1.3 Market Segmentation
    5. | 1.1.4 Competitive Landscape
    6. | 1.1.5 Challenges and Opportunities
    7. | 1.1.6 Future Outlook
  2. SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
    1. | 2.1 MARKET INTRODUCTION
    2. | 2.1.1 Definition
    3. | 2.1.2 Scope of the study
    4. |-- 2.1.2.1 Research Objective
    5. |-- 2.1.2.2 Assumption
    6. |-- 2.1.2.3 Limitations
    7. | 2.2 RESEARCH METHODOLOGY
    8. | 2.2.1 Overview
    9. | 2.2.2 Data Mining
    10. | 2.2.3 Secondary Research
    11. | 2.2.4 Primary Research
    12. |-- 2.2.4.1 Primary Interviews and Information Gathering Process
    13. |-- 2.2.4.2 Breakdown of Primary Respondents
    14. | 2.2.5 Forecasting Model
    15. | 2.2.6 Market Size Estimation
    16. |-- 2.2.6.1 Bottom-Up Approach
    17. |-- 2.2.6.2 Top-Down Approach
    18. | 2.2.7 Data Triangulation
    19. | 2.2.8 Validation
  3. SECTION III: QUALITATIVE ANALYSIS
    1. | 3.1 MARKET DYNAMICS
    2. | 3.1.1 Overview
    3. | 3.1.2 Drivers
    4. | 3.1.3 Restraints
    5. | 3.1.4 Opportunities
    6. | 3.2 MARKET FACTOR ANALYSIS
    7. | 3.2.1 Value chain Analysis
    8. | 3.2.2 Porter's Five Forces Analysis
    9. |-- 3.2.2.1 Bargaining Power of Suppliers
    10. |-- 3.2.2.2 Bargaining Power of Buyers
    11. |-- 3.2.2.3 Threat of New Entrants
    12. |-- 3.2.2.4 Threat of Substitutes
    13. |-- 3.2.2.5 Intensity of Rivalry
    14. | 3.2.3 COVID-19 Impact Analysis
    15. |-- 3.2.3.1 Market Impact Analysis
    16. |-- 3.2.3.2 Regional Impact
    17. |-- 3.2.3.3 Opportunity and Threat Analysis
  4. SECTION IV: QUANTITATIVE ANALYSIS
    1. | 4.1 Chemicals and Materials, BY Application (USD Billion)
    2. | 4.1.1 Architectural Coatings
    3. | 4.1.2 Industrial Coatings
    4. | 4.1.3 Automotive Coatings
    5. | 4.1.4 Wood Coatings
    6. | 4.1.5 Protective Coatings
    7. | 4.2 Chemicals and Materials, BY End Use (USD Billion)
    8. | 4.2.1 Construction
    9. | 4.2.2 Automotive
    10. | 4.2.3 Furniture
    11. | 4.2.4 Marine
    12. | 4.2.5 Aerospace
    13. | 4.3 Chemicals and Materials, BY Formulation Type (USD Billion)
    14. | 4.3.1 Waterborne Acrylic Emulsions
    15. | 4.3.2 Waterborne Acrylic Solutions
    16. | 4.3.3 Waterborne Acrylic Dispersions
    17. | 4.3.4 Waterborne Acrylic Resins
    18. | 4.4 Chemicals and Materials, BY Technology (USD Billion)
    19. | 4.4.1 Conventional Technology
    20. | 4.4.2 High Solids Technology
    21. | 4.4.3 Low VOC Technology
    22. | 4.4.4 Nano Technology
    23. | 4.5 Chemicals and Materials, BY Curing Method (USD Billion)
    24. | 4.5.1 Air Drying
    25. | 4.5.2 Heat Curing
    26. | 4.5.3 UV Curing
    27. | 4.5.4 Chemical Curing
    28. | 4.6 Chemicals and Materials, BY Region (USD Billion)
    29. | 4.6.1 North America
    30. |-- 4.6.1.1 US
    31. |-- 4.6.1.2 Canada
    32. | 4.6.2 Europe
    33. |-- 4.6.2.1 Germany
    34. |-- 4.6.2.2 UK
    35. |-- 4.6.2.3 France
    36. |-- 4.6.2.4 Russia
    37. |-- 4.6.2.5 Italy
    38. |-- 4.6.2.6 Spain
    39. |-- 4.6.2.7 Rest of Europe
    40. | 4.6.3 APAC
    41. |-- 4.6.3.1 China
    42. |-- 4.6.3.2 India
    43. |-- 4.6.3.3 Japan
    44. |-- 4.6.3.4 South Korea
    45. |-- 4.6.3.5 Malaysia
    46. |-- 4.6.3.6 Thailand
    47. |-- 4.6.3.7 Indonesia
    48. |-- 4.6.3.8 Rest of APAC
    49. | 4.6.4 South America
    50. |-- 4.6.4.1 Brazil
    51. |-- 4.6.4.2 Mexico
    52. |-- 4.6.4.3 Argentina
    53. |-- 4.6.4.4 Rest of South America
    54. | 4.6.5 MEA
    55. |-- 4.6.5.1 GCC Countries
    56. |-- 4.6.5.2 South Africa
    57. |-- 4.6.5.3 Rest of MEA
  5. SECTION V: COMPETITIVE ANALYSIS
    1. | 5.1 Competitive Landscape
    2. | 5.1.1 Overview
    3. | 5.1.2 Competitive Analysis
    4. | 5.1.3 Market share Analysis
    5. | 5.1.4 Major Growth Strategy in the Chemicals and Materials
    6. | 5.1.5 Competitive Benchmarking
    7. | 5.1.6 Leading Players in Terms of Number of Developments in the Chemicals and Materials
    8. | 5.1.7 Key developments and growth strategies
    9. |-- 5.1.7.1 New Product Launch/Service Deployment
    10. |-- 5.1.7.2 Merger & Acquisitions
    11. |-- 5.1.7.3 Joint Ventures
    12. | 5.1.8 Major Players Financial Matrix
    13. |-- 5.1.8.1 Sales and Operating Income
    14. |-- 5.1.8.2 Major Players R&D Expenditure. 2023
    15. | 5.2 Company Profiles
    16. | 5.2.1 BASF SE (DE)
    17. |-- 5.2.1.1 Financial Overview
    18. |-- 5.2.1.2 Products Offered
    19. |-- 5.2.1.3 Key Developments
    20. |-- 5.2.1.4 SWOT Analysis
    21. |-- 5.2.1.5 Key Strategies
    22. | 5.2.2 AkzoNobel N.V. (NL)
    23. |-- 5.2.2.1 Financial Overview
    24. |-- 5.2.2.2 Products Offered
    25. |-- 5.2.2.3 Key Developments
    26. |-- 5.2.2.4 SWOT Analysis
    27. |-- 5.2.2.5 Key Strategies
    28. | 5.2.3 PPG Industries, Inc. (US)
    29. |-- 5.2.3.1 Financial Overview
    30. |-- 5.2.3.2 Products Offered
    31. |-- 5.2.3.3 Key Developments
    32. |-- 5.2.3.4 SWOT Analysis
    33. |-- 5.2.3.5 Key Strategies
    34. | 5.2.4 Sherwin-Williams Company (US)
    35. |-- 5.2.4.1 Financial Overview
    36. |-- 5.2.4.2 Products Offered
    37. |-- 5.2.4.3 Key Developments
    38. |-- 5.2.4.4 SWOT Analysis
    39. |-- 5.2.4.5 Key Strategies
    40. | 5.2.5 Nippon Paint Holdings Co., Ltd. (JP)
    41. |-- 5.2.5.1 Financial Overview
    42. |-- 5.2.5.2 Products Offered
    43. |-- 5.2.5.3 Key Developments
    44. |-- 5.2.5.4 SWOT Analysis
    45. |-- 5.2.5.5 Key Strategies
    46. | 5.2.6 RPM International Inc. (US)
    47. |-- 5.2.6.1 Financial Overview
    48. |-- 5.2.6.2 Products Offered
    49. |-- 5.2.6.3 Key Developments
    50. |-- 5.2.6.4 SWOT Analysis
    51. |-- 5.2.6.5 Key Strategies
    52. | 5.2.7 Kansai Paint Co., Ltd. (JP)
    53. |-- 5.2.7.1 Financial Overview
    54. |-- 5.2.7.2 Products Offered
    55. |-- 5.2.7.3 Key Developments
    56. |-- 5.2.7.4 SWOT Analysis
    57. |-- 5.2.7.5 Key Strategies
    58. | 5.2.8 Henkel AG & Co. KGaA (DE)
    59. |-- 5.2.8.1 Financial Overview
    60. |-- 5.2.8.2 Products Offered
    61. |-- 5.2.8.3 Key Developments
    62. |-- 5.2.8.4 SWOT Analysis
    63. |-- 5.2.8.5 Key Strategies
    64. | 5.2.9 Asian Paints Limited (IN)
    65. |-- 5.2.9.1 Financial Overview
    66. |-- 5.2.9.2 Products Offered
    67. |-- 5.2.9.3 Key Developments
    68. |-- 5.2.9.4 SWOT Analysis
    69. |-- 5.2.9.5 Key Strategies
    70. | 5.3 Appendix
    71. | 5.3.1 References
    72. | 5.3.2 Related Reports

Chemicals and Materials Market Segmentation

Chemicals and Materials By Application (USD Billion, 2025-2035)

  • Architectural Coatings
  • Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Protective Coatings

Chemicals and Materials By End Use (USD Billion, 2025-2035)

  • Construction
  • Automotive
  • Furniture
  • Marine
  • Aerospace

Chemicals and Materials By Formulation Type (USD Billion, 2025-2035)

  • Waterborne Acrylic Emulsions
  • Waterborne Acrylic Solutions
  • Waterborne Acrylic Dispersions
  • Waterborne Acrylic Resins

Chemicals and Materials By Technology (USD Billion, 2025-2035)

  • Conventional Technology
  • High Solids Technology
  • Low VOC Technology
  • Nano Technology

Chemicals and Materials By Curing Method (USD Billion, 2025-2035)

  • Air Drying
  • Heat Curing
  • UV Curing
  • Chemical Curing
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