Waterborne Coatings Industry 2023 Gross Margin, Competitors, Business Overview, Distributors Forecast to 2028
Market Forecast Waterborne Coatings Market is expected to exhibit a CAGR of over 6.7% to reach a value of around USD 83.37 billion by the end of the forecast period. Waterborne coatings act as a barrier between the substrate and water, insulating the material from soil contact and protecting it from various chemical interactions. The raw material used to produce waterborne coatings is waterborne resins, synthetic resin, and other materials. The waterborne resin is also known as water-based resins. These resins also produce adhesives, sealants, elastomers, and composite materials. The function of water-based resin is to use water as the carrying medium instead of solvent or solvent-less. Segmentation By Type Based on type, the global Waterborne Coatings Industry is divided into acrylic, polyester, alkyd, epoxy, polyurethane, epoxy, PTFE, PVDC, PVDF, and others. The acrylic segment is expected to register a significant growth rate because of its various applications such as industr