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The global waterborne coatings market size was USD 77.9 billion in 2020 and is projected to grow at a CAGR of 3.5% during the forecast period to reach USD 117.7 billion by 2026. Increasing building & construction activities and infrastructure projects, improving quality of industrial manufacturing in developing countries, and the need for protection of coated products are the major growth drivers of the global waterborne coatings market.

Market Dynamics
+ Driver: Environmental regulations boosting demand for VOC-free coatings
The increasing demand for environment-friendly characteristics has been one of the most important trends observed in the coatings industry for the past few years majorly influenced by stringent EU regulations regarding the reduction of volatile organic compound (VOC) emissions from coatings.

+ Restraint: Requirement of higher drying time for waterborne coatings
The drying and curing time required for waterborne coatings is higher than that for solvent-borne coatings. Waterborne coatings have excellent flow properties that change with humidity, affecting the coating application.