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    Acrylic Based Waterborne Coatings Market

    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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    Acrylic Based Waterborne Coatings Market Infographic
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    Acrylic Based Waterborne Coatings Market Summary

    The Global Waterborne Acrylic Coatings Market is projected to grow significantly from 37.6 USD Billion in 2024 to 81.2 USD Billion by 2035.

    Key Market Trends & Highlights

    Waterborne Acrylic Coatings Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 7.25 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 81.2 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 37.6 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of eco-friendly coatings due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 37.6 (USD Billion)
    2035 Market Size 81.2 (USD Billion)
    CAGR (2025-2035) 7.25%

    Major Players

    PPG Industries, Nippon Paints Limited, The Dow Chemical Company, Axalta Coating Systems, DIC Corporation, BASF

    Acrylic Based Waterborne Coatings Market Trends

    Market dynamics, market share, market value, and market volume. Market segmentation based on type and application. Regional analysis, key market players, supply, demand, and competitive landscape of the market. Factors influencing and hampering the market growth. Approaches followed by the prominent market player to maintain market decorum.

    Segment Overview:

    By Application

    The global waterborne acrylic coating market is segmented based on application as architectural wood, automotive aftermarket,

    protective coatings

    , construction material, automotive OEM, metal packing, and others.

    By End User

    The global waterborne acrylic coating market is segmented based on the end-user as construction, woodworking, general industries, building, automotive, packaging, and others.

    By Resin Outlook

    The global waterborne acrylic coating market is segmented based on Resin Outlook as Acrylic, Epoxy, Polyester, PVDC, Polyurethane, Alkyd, PTFE, PVDF, and Others.

    Regional Analysis

    The global waterborne acrylic coating market is segmented based on region as North America (The US and Canada), Europe (Germany, Italy, The U.K., France, Spain, Russia, and The Rest of Europe), APAC (China, Japan, India, and The Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Argentina), The Middle East, and Africa.

    Asia Pacific is the market-dominant of the global waterborne acrylic coating market accounting for maximum market shape in value and volume term. Because of vast infrastructural developments and rising construction business in developing countries like China, India, and Japan the waterborne acrylic coatings market is expected to have substantial growth. The shifting of the human population from rural to urban areas gave rise to rapid urbanization and has also proved to be driving the waterborne acrylic coating market in the Asia-Pacific region.

    Automotive sectors have also added to the promotion of the waterborne acrylic coating market in the region offering lucrative opportunities. 

    A moderate growth of the waterborne acrylic coating market is seen in the regions of Europe and North America due to a comparatively developed economy but is expected to rise in upcoming years seeing to the economic crisis the regions recently suffered. With a drop in the price of crude oil automotive industry is making way for the waterborne acrylic coating industry in the region.

    Other economically emerging economies like The Middle East, Africa, and Latin America have seen a trend like that of the Asia-Pacific region.

    Acrylic Based Waterborne Coatings Market 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.

    Report Overview:

    The report overview of the global Waterborne Acrylic Coatings Market report is:

    Market dynamics, market share, market value, and market volume. Market segmentation based on type and application. Effect of the global pandemic on the market. Regional analysis, key market players, and competitive landscape of the market. Factors influencing the market growth. Opportunities created by the market. Factors hampering the market strategies. Approaches like bottom-up and top-down followed by the prominent market player to maintain competition. A detailed and comprehensive outlook on historical and current market trends. Expected revenue and CAGR during the forecast period. Supply and demand region-wise.

    The increasing demand for environmentally friendly and low-VOC coatings is reshaping the landscape of the waterborne acrylic coatings market, as industries seek sustainable solutions to meet regulatory standards and consumer preferences.

    U.S. Environmental Protection Agency (EPA)

    Acrylic Based Waterborne Coatings 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.

    Key Companies in the Acrylic Based Waterborne Coatings Market 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 Waterborne Acrylic Coatings Market is projected to grow at a 7.25% CAGR from 2024 to 2035, driven by increasing environmental regulations and demand for sustainable solutions.

    New opportunities lie in:

    • Develop innovative formulations for enhanced durability and performance.
    • Expand into emerging markets with tailored product offerings.
    • Leverage digital marketing strategies to enhance customer engagement and brand loyalty.

    By 2035, the market is expected to achieve substantial growth, reflecting evolving consumer preferences and technological advancements.

    Market Segmentation

    By Resin Outlook

    • 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.
    • Market dynamics, market share, market value, and market volume.
    • Market segmentation based on type and application.
    • Effect of the global pandemic on the market.
    • Regional analysis, key market players, and competitive landscape of the market.
    • Factors influencing the market growth.
    • Opportunities created by the market.
    • Factors hampering the market strategies.
    • Approaches like bottom-up and top-down followed by the prominent market player to maintain competition.
    • Expected revenue and CAGR during the forecast period.
    • Supply and demand region-wise.

    Report Scope

    Attribute/Metric Details
      Market Size ·  2030: USD 61.31 Billion
      CAGR   5.77% (2022–2030)
      Base Year   2023
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Application, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   PPG Industries, DIC Corporation, Nippon Paints Limited, The Dow Chemical Company, Axalta Coating Systems, BASF SE, DSM, and others.
      Key Market Opportunities   They have a comparatively negligible amount of environmental impact.
      Key Market Drivers   Increasing demand for Waterborne Acrylic coatings in end users’ industries

    Market Highlights

    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 2030.

    At what CAGR is the global waterborne acrylic coating market projected to grow in the forecast period (2020-2027)?

    The global waterborne acrylic coatings market is projected to grow at approximately 5.77% CAGR during the assessment period (2024-2032).

    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.

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