Research and Markets has released a new report on the waterborne coatings market, titled Waterborne Coatings Market Size, Share & Trends Analysis Report By Resin (Acrylic, PU, Epoxy, Polyester), By Application (Architectural, General Industrial, Marine), By Region, And Segment Forecasts, 2023-2030. According to the report, the global waterborne coatings market size is expected to reach $89.35 billion by 2030, registering a CAGR of 5.6% over the forecast period.

Stringent government rules restricting volatile organic compound (VOC) emissions and solvent content are also among the key factors boosting the demand for waterborne coatings in the architectural industry. The COVID-19 pandemic resulted in a sharp decline in the waterborne coatings revenue due to the shutdown of the industry for over six months. In addition, the pandemic slowed down the industrial activities globally on the account of prolonged lockdowns across all continents. This has negatively impacted the industry growth, as a result, the market witnessed a slump in revenue in the year 2020.

The report also mentions the following companies: AkzoNobel NV, BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Co., The Valspar Corp., and Tikkurila Oyj.

The full report can be accessed here.