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US Water-based coatings Market

ID: MRFR/CnM/16854-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Water-Based Coatings Market Research Report: By Product Type (Water-Soluble Paints, Emulsions Paints, Water-Based Alkyds), By Resin Type (Acrylic, Polyurethane) and By End-Use Industries (Building & Construction, Automotive, Electronics, Paper & Packaging) - Forecast to 2035.

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US Water-based coatings Market Infographic
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US Water-based coatings Market Summary

As per Market Research Future analysis, the US water-based coatings market size was estimated at 11.56 USD Billion in 2024. The US water based-coatings market is projected to grow from 12.22 USD Billion in 2025 to 21.31 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US water based-coatings market is experiencing a robust shift towards sustainability and innovation.

  • The market is increasingly driven by a sustainability focus, with consumers favoring eco-friendly products.
  • Technological advancements are enhancing the performance and application of water based-coatings across various sectors.
  • The architectural segment remains the largest, while the industrial segment is the fastest-growing in the market.
  • Regulatory compliance pressure and rising demand from the construction sector are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 11.56 (USD Billion)
2035 Market Size 21.31 (USD Billion)
CAGR (2025 - 2035) 5.72%

Major Players

AkzoNobel (NL), BASF (DE), PPG Industries (US), Sherwin-Williams (US), Nippon Paint Holdings (JP), RPM International (US), Valspar (US), Kansai Paint (JP), Hempel (DK)

US Water-based coatings Market Trends

The water based-coatings market is currently experiencing a notable shift towards sustainability and eco-friendliness. This transition is largely driven by increasing regulatory pressures and consumer preferences for environmentally safe products. Manufacturers are adapting by formulating coatings that minimize volatile organic compounds (VOCs) and enhance energy efficiency. As a result, the market is witnessing a rise in innovative products that not only meet stringent environmental standards but also offer superior performance. This trend is expected to continue as stakeholders prioritize sustainability in their operations and product offerings. Moreover, advancements in technology are playing a crucial role in shaping the water based-coatings market. Innovations in formulation chemistry and application techniques are leading to improved product characteristics, such as durability and adhesion. The integration of digital technologies in manufacturing processes is also enhancing efficiency and reducing waste. As these technological developments unfold, they are likely to create new opportunities for growth and expansion within the market, catering to diverse applications across various industries. The focus on performance, combined with environmental considerations, suggests a dynamic future for the water based-coatings market.

Sustainability Focus

There is a growing emphasis on sustainable practices within the water based-coatings market. This trend is driven by regulatory requirements and consumer demand for eco-friendly products. Manufacturers are increasingly formulating coatings that reduce VOC emissions and utilize renewable resources.

Technological Advancements

Innovations in formulation and application technologies are transforming the water based-coatings market. Enhanced product performance, such as improved durability and adhesion, is being achieved through advanced chemistry and digital manufacturing techniques.

Diverse Applications

The water based-coatings market is expanding into various sectors, including automotive, construction, and consumer goods. This diversification is fueled by the versatility of water based-coatings, which can be tailored to meet specific industry needs.

Market Segment Insights

By Product Type: Water-Soluble Paints (Largest) vs. Emulsions Paints (Fastest-Growing)

In the US water based-coatings market, Water-Soluble Paints command a significant market share, reflecting their established presence and versatility across various applications. Emulsions Paints follow closely, demonstrating robust demand driven by their eco-friendly properties and broad applicability in both residential and commercial sectors. The competition among these segments contributes to a dynamic market environment, with players continually innovating to enhance product offerings. Growth trends for Water-Soluble Paints indicate a steady upward trajectory driven by increased consumer preference for environmentally safe options. Emulsions Paints are emerging rapidly due to rising construction activities and stringent regulations on VOC emissions, promoting their adoption. Companies are also investing in R&D to develop advanced formulations, enhancing performance and expanding applications, thus shaping the future landscape of the US water based-coatings market.

Water-Soluble Paints (Dominant) vs. Emulsions Paints (Emerging)

Water-Soluble Paints represent the dominant segment in the US water based-coatings market, known for their quick-drying properties and low environmental impact. These paints are widely used in both residential and commercial applications, offering ease of use and maintenance. Conversely, Emulsions Paints are rapidly emerging, favored for their excellent adhesion and flexibility, making them suitable for diverse surfaces and conditions. While Water-Soluble Paints lead in market presence, Emulsions Paints are gaining ground rapidly, supported by innovations and a shift towards sustainable solutions, highlighting a shifting preference in the marketplace.

By Resin Type: Acrylic (Largest) vs. Polyurethane (Fastest-Growing)

In the US water based-coatings market, the acrylic segment holds the largest market share, primarily due to its versatility and strong performance in various applications. Acrylic coatings are favored for their durability, environmental safety, and excellent adherence properties, which allow them to dominate the market landscape. In contrast, polyurethane is gaining traction as a rapidly growing segment, appealing for its superior finish and resilience in demanding environments, thus attracting a diverse consumer base. The growth of the polyurethane segment is driven by increasing demand for high-performance coatings that offer exceptional durability and chemical resistance. Factors such as stricter environmental regulations and a shift towards more sustainable practices in various industries have propelled the adoption of water based polyurethane coatings. As manufacturers seek innovative solutions, the potential for growth in this segment continues to rise, positioning it as a key player in the US water based-coatings market.

Acrylic (Dominant) vs. Polyurethane (Emerging)

Acrylic coatings are characterized by their water solubility and quick drying times, making them a preferred choice for both indoor and outdoor applications. Their ability to form a protective barrier against UV rays and moisture significantly enhances their performance lifespan, positioning them as the dominant resin type in the market. On the other hand, polyurethane coatings are emerging as a strong competitor, known for their toughness and aesthetic appeal. They offer a glossy finish with excellent resistance to chemicals and scratches, making them suitable for high-traffic areas. The ongoing innovation in formulations is further solidifying polyurethane's position as an attractive alternative for applications requiring enhanced durability.

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

The US water based-coatings market displays significant diversity in its end-use industries, with Building & Construction accounting for the largest share. This segment benefits from ongoing investments in infrastructure and a growing emphasis on sustainable building practices. Automotive follows closely, showcasing its capacity for rapid innovation and increasing demand for eco-friendly coatings. The electronics sector, while smaller, is also noteworthy for its use of water based-coatings in manufacturing processes. In terms of growth trends, the automotive sector is expected to emerge as the fastest-growing end-use industry, driven by trends toward sustainable manufacturing and stringent environmental regulations. Additionally, the increasing demand in the Building & Construction segment, fueled by renovation projects and sustainable practices, indicates a robust future for water based-coatings. The Paper & Packaging industry also presents growth opportunities, especially with the rise of e-commerce driving demand for more sustainable packaging solutions.

Building & Construction: Dominant vs. Automotive: Emerging

The Building & Construction segment is dominant within the US water based-coatings market, highlighting its critical role in renovations and new constructions fueled by environmentally conscientious practices. This segment benefits from its extensive application in residential and commercial properties, driven by heightened awareness of indoor air quality and the benefits of low-VOC products. Conversely, the Automotive segment is emerging rapidly, spurred by technological advancements and a growing consumer preference for sustainable and durable coatings. Key players are focused on developing innovative formulations to meet the evolving needs of the automotive industry, catering to demands for both performance and eco-friendliness.

Get more detailed insights about US Water-based coatings Market

Key Players and Competitive Insights

The water based-coatings market exhibits a dynamic competitive landscape characterized by innovation, sustainability, and strategic partnerships. Key players such as PPG Industries (US), Sherwin-Williams (US), and AkzoNobel (NL) are actively shaping the market through their distinct operational focuses. PPG Industries (US) emphasizes innovation in product development, particularly in eco-friendly formulations, which aligns with the growing demand for sustainable solutions. Sherwin-Williams (US) has adopted a strategy of regional expansion, enhancing its distribution networks to capture a larger market share. Meanwhile, AkzoNobel (NL) is focusing on digital transformation, leveraging technology to optimize its supply chain and improve customer engagement. Collectively, these strategies contribute to a competitive environment that prioritizes sustainability and technological advancement.

The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The market structure appears moderately fragmented, with several players vying for dominance. However, the collective influence of major companies like PPG Industries (US) and Sherwin-Williams (US) suggests a trend towards consolidation, as these firms seek to leverage their scale to improve competitive positioning.

In October 2025, PPG Industries (US) announced the launch of a new line of water based-coatings designed specifically for the automotive sector, which is anticipated to enhance durability and reduce environmental impact. This strategic move not only reinforces PPG's commitment to sustainability but also positions the company to capitalize on the growing demand for eco-friendly automotive solutions. The introduction of this product line is likely to strengthen PPG's market presence and appeal to environmentally conscious consumers.

In September 2025, Sherwin-Williams (US) completed the acquisition of a regional coatings manufacturer, which is expected to bolster its production capabilities and expand its product offerings. This acquisition aligns with Sherwin-Williams' strategy to enhance its market reach and improve operational efficiencies. By integrating the acquired company's resources, Sherwin-Williams may achieve greater economies of scale, thereby enhancing its competitive edge in the water based-coatings market.

In August 2025, AkzoNobel (NL) unveiled a new digital platform aimed at streamlining customer interactions and improving order processing for its water based-coatings products. This initiative reflects AkzoNobel's commitment to digital transformation and customer-centricity. By enhancing the customer experience through technology, AkzoNobel is likely to strengthen its brand loyalty and drive sales growth in a competitive market.

As of November 2025, current competitive trends in the water based-coatings market include a pronounced focus on digitalization, sustainability, and the integration of artificial intelligence (AI) into product development and customer service. Strategic alliances are increasingly shaping the landscape, as companies collaborate to enhance their technological capabilities and expand their market reach. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition underscores the importance of sustainable practices and advanced technologies in maintaining a competitive advantage.

Key Companies in the US Water-based coatings Market market include

Industry Developments

In recent months, the US Water-Based Coatings Market has seen significant developments. Notably, AkzoNobel announced plans to increase production capacity for water-based coatings to cater to rising demand in sustainable building materials in June 2023. In July 2023, PPG Industries reported growth in market valuation, attributing it to their innovative products that meet stricter environmental regulations, effectively enhancing their position within the market. A merger of particular note is RPM International’s acquisition of Specialty Construction Brands in September 2023 which aligns with their strategic vision to expand their water-based product offerings.

Additionally, BASF’s investment towards enhancing their resin manufacturing capabilities for water-based coatings presents a positive market shift towards more eco-friendly options. Over the past couple of years, major companies like Sherwin-Williams and Valspar have also made key enhancements in Research and Development to improve product performance and environmental impact. The growth rate of the water-based coatings segment is projected to significantly influence market dynamics, driven by increasing consumer preference for sustainable and less toxic solutions amid strict regulatory standards.

Future Outlook

US Water-based coatings Market Future Outlook

The water based-coatings market is projected to grow at a 5.72% CAGR from 2024 to 2035, driven by environmental regulations, technological advancements, and increasing demand for sustainable products.

New opportunities lie in:

  • Development of eco-friendly formulations with low VOCs
  • Expansion into emerging markets with tailored product lines
  • Investment in advanced application technologies for efficiency

By 2035, the market is expected to achieve robust growth, driven by innovation and sustainability.

Market Segmentation

US Water-based coatings Market Resin Type Outlook

  • Acrylic
  • Polyurethane

US Water-based coatings Market Product Type Outlook

  • Water-Soluble Paints
  • Emulsions Paints
  • Water-Based Alkyds

US Water-based coatings Market End-Use Industries Outlook

  • Building & Construction
  • Automotive
  • Electronics
  • Paper & Packaging

Report Scope

MARKET SIZE 202411.56(USD Billion)
MARKET SIZE 202512.22(USD Billion)
MARKET SIZE 203521.31(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.72% (2024 - 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 Profiled["AkzoNobel (NL)", "BASF (DE)", "PPG Industries (US)", "Sherwin-Williams (US)", "Nippon Paint Holdings (JP)", "RPM International (US)", "Valspar (US)", "Kansai Paint (JP)", "Hempel (DK)"]
Segments CoveredProduct Type, Resin Type, End-Use Industries
Key Market OpportunitiesGrowing demand for eco-friendly solutions drives innovation in the water based-coatings market.
Key Market DynamicsGrowing demand for eco-friendly formulations drives innovation in the water based-coatings market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Water-Based Coatings Market in 2024?

The US Water-Based Coatings Market is expected to be valued at 12.2 USD Billion in 2024.

What will be the market size of the US Water-Based Coatings Market in 2035?

By 2035, the market size is projected to reach 22.01 USD Billion.

What is the expected compound annual growth rate (CAGR) for the US Water-Based Coatings Market from 2025 to 2035?

The expected CAGR for the market from 2025 to 2035 is 5.514%.

Which product type is projected to have the largest market value in 2024 within the US Water-Based Coatings Market?

In 2024, Emulsions Paints is projected to have the largest market value at 5.0 USD Billion.

What is the expected market value for Water-Based Alkyds in 2035?

The expected market value for Water-Based Alkyds in 2035 is 6.31 USD Billion.

Who are some of the key players in the US Water-Based Coatings Market?

Key players include BASF, AkzoNobel, PPG Industries, and Sherwin-Williams.

What market value is projected for Water-Soluble Paints in 2035?

Water-Soluble Paints are projected to have a market value of 6.45 USD Billion in 2035.

Which market segment is expected to exhibit strong growth potential in the US Water-Based Coatings Market?

The Emulsions Paints segment is expected to exhibit significant growth potential during the forecast period.

What are some emerging trends in the US Water-Based Coatings Market?

Emerging trends include increased demand for sustainable products and innovations in formulation technologies.

How will the market for US Water-Based Coatings be affected by regional factors between 2025 and 2035?

The market will likely experience regional growth driven by infrastructure development and increased construction activities.

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