The global water-based coatings market will reach US$78.24 billion by 2021.

According to a new study published by research firm Zion Market Research, the global
water-based coatings
market size was $58.39 billion in 2015 and will reach $78.24 billion by 2021, with a compound annual growth rate of 5%.
water-based
coatings
are widely used in automotive coatings, where all automotive manufacturers are concerned about and aware of the importance of coating water-based technologies, and where coating water-based technologies are growing rapidly. As we all know, water-based coatings use water as a solvent, with environmental protection, ease of construction, heat resistance, wear resistance and so on, it is advisable to use spraying equipment for coating.
Although there are some limitations in the performance of water-based coatings, but due to strict regulatory regulations and people's awareness of the environmental hazards of solvent-based coatings, the momentum of development is strong, and more and more environmentally friendly water-based coatings have been successfully developed and applied to downstream industries, including construction, shipbuilding, wood manufacturing, automotive and so on.
water-based coatings can be broken down into: acrylic coatings, polyester coatings, alcohol coatings, epoxy coatings, polyurethane coatings, PTFE coatings, PVDF coatings, PVDC coatings, etc. Acrylic resins are the most widely used in water-based coatings, accounting for 80% of the total water-based coating varieties (data for 2015), and their cost is relatively low and the application areas are very wide. Water-based coatings can be subdivided into:
building coatings
, automotive coatings,
industrial coatings
, protective coatings,
wood coatings
,
marine coatings
, packaging coatings, coel coatings and so on. Among them, the highest proportion of applications in the construction sector is about 85% (2015 data). The analysis points out that in the next few years, water-based coatings in developing countries and regions in the automotive industry the fastest development.
, the Asia-Pacific region was the largest market for water-based coatings in 2015, followed by North America and Western Europe, respectively, and this trend will continue in the coming years. As far as the Asia-Pacific region is concerned, the water-based coatings market has great potential, mainly stimulated by the growing infrastructure development of India, China, Indonesia and other countries. It is worth noting that some countries, such as the United States, China, Germany and other countries due to increased domestic demand, higher income levels, resource-rich and easy-to-access factors, and gradually become the world's main regional market for water-based coatings.