The global waterborne coatings market size was US$ 8.1 billion in 2021. The global waterborne coatings market is forecast to grow to US$ 22.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.

Factors Influencing the Market
Growing construction activities and low housing loan interest rates will primarily drive the growth of the global waterborne coatings market. Furthermore, rising demand for infrastructural development and increasing demand for residential, non-residential, and commercial buildings will also drive the market forward.
The rising global population and growing government investment to boost urbanization will drive the global waterborne coatings market forward. Furthermore, the environmental friendliness of waterborne coatings will also benefit the overall market.
The rising living standards will contribute to the growth of the global waterborne coatings market.

COVID-19 Impact Analysis
In the wake of the COVID-19 pandemic, the demand for waterborne coatings decreased substantially. The pandemic posed a significant threat to the lives of the population, which created labor shortages and the unavailability of raw materials. Thus, it hampered the growth of the global waterborne coatings market. Furthermore, fluctuations in the construction business and commodity prices, commodity production, and the introduction of lockdowns significantly impeded the demand for the global waterborne coatings market. Commercial activities also reduced drastically and governments' focus from infrastructural development shifted to this global health emergency. As a result, it decreased investments in the industry, which hampered the growth of the global waterborne coatings market. The market witnessed a high impact in the Asia-Pacific region as the countries like China and India were the worst hit by the pandemic.

Regional Analysis
The Asia-Pacific waterborne coatings market is forecast to emerge as one of the largest markets, owing to the rising demand for infrastructure development. Further, the region is home to the largest population, which will further drive the demand for urbanization. As a result, it will contribute to the growth of the waterborne coatings market.
China is forecast to surge in the demand for waterborne coatings due to the architectural boom. The demand for affordable and commercial housing is also growing in China and India, forcing governments to introduce beneficial initiatives. Thus, it will drive the demand for waterborne coatings during the study period. China's real estate sector is also growing rapidly, thereby contributing to the growth of the Asia-Pacific waterborne coatings market.

Competitors in the Market
Berger Paints
BASF SE
Akzo Nobel N.V
Nippon Paints
Axalta Coating Systems
RPM International
PPG Industries
Asian Paints
The Valspar Corporation
Sherwin Williams
Other Prominent Players

Market Segmentation
The global waterborne coatings market segmentation focuses on Resin, Application, and Region.
By Resin Type
Acrylic
Polyester
Alkyd
Epoxy
Polyurethane
PTFE
PVDF
PVDC
By Application
Construction
Industrial
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America