水性コーティング剤市場：樹脂タイプ別、用途別、エンドユーザー産業別、地域別、2026年～2032年

水性コーティング剤市場の評価、2026年～2032年

揮発性有機化合物（VOC）規制の強化により、産業界はより環境に優しい選択肢として水性コーティング剤への関心を強めており、これが水性コーティング剤の採用を後押ししています。持続可能性に対する消費者や企業の関心の高まりは、市場規模を2024年に754億1,000万米ドルを突破し、2032年には約1,180億3,000万米ドルにまで成長させる原動力となっています。

これに加えて、水性コーティング剤配合の革新が性能と汎用性を高め、水性コーティング剤の採用に拍車をかけています。建設・建築分野では、美観と耐久性の利点から水性コーティング剤を好む傾向が強まっており、2026年から2032年までのCAGRは5.76%です。

水性コーティング剤市場定義／概要

水性コーティング剤は、有機溶剤ではなく水を主溶剤とする塗料や仕上げ剤です。この配合により、揮発性有機化合物（VOC）の排出が大幅に削減され、より環境に優しい選択肢となります。水性コーティング剤は、顔料、樹脂、その他の添加剤を水に懸濁させたもので、従来の溶剤系塗料に代わる持続可能な塗料です。

水性コーティング剤は、住宅、商業、工業など様々な分野で広く使用されています。水性コーティング剤は建築用塗料、自動車用仕上げ剤、木部用塗料、工業用塗料などによく使われています。汎用性が高いため、壁、床、機械などさまざまな表面に使用でき、速乾性、清掃のしやすさ、耐久性などの利点があります。

建設業界の成長別水性コーティング剤の採用はどのように増加するのか？

環境意識の高まりと厳しい規制が、水性コーティング剤市場を後押ししています。米国環境保護庁によると、塗料やコーティング剤からの揮発性有機化合物（VOC）排出量は1990年から2014年の間に60%減少したが、これは主に水性配合へのシフトによるものです。この動向は、メーカーが持続可能性の目標を達成するための技術革新を進める中で続いています。例えば、アクゾノーベルは2024年3月、アジア太平洋地域の需要増に対応するため、中国での水性コーティング剤生産施設の拡張を発表しました。

水性コーティング剤の技術的進歩は、その性能を高め、様々な産業への用途を拡大しています。水性コーティング剤は現在、耐久性、耐薬品性、速乾性が向上しており、溶剤系塗料に匹敵する競争力を備えています。欧州委員会は、自動車再塗装分野における水性コーティング剤の市場シェアが2007年の8%から2020年には20%に増加すると報告しており、従来は溶剤が主流であった分野での採用が拡大していることを示しています。

建設業界の成長は、特に新興国において水性コーティング剤の需要を促進しています。水性コーティング剤は低臭性、塗りやすさ、速乾性に優れ、内装・外装ともに理想的な塗料として好まれています。インド統計・計画実施省は、2023～2024年度の建設セクターの成長率が10.7%であったと報告しており、水性コーティング剤の市場が堅調であることを示しています。例えば、シャーウィン・ウィリアムズは2023年11月、インドの多様な気候条件に耐えられるよう特別に配合した水性外装塗料の新シリーズをインドで発売しました。

水性コーティング剤の性能限界は市場成長を抑制するか？

水性コーティング剤は、溶剤系塗料に比べて性能面で制約を受けることが多いです。耐久性、密着性、過酷な条件への耐性に難があり、高性能を必要とする環境での使用が制限されることがあります。優れた耐摩耗性や過酷な条件下での耐久性が要求される業界では、溶剤型塗料が望ましい選択肢であることに変わりはありません。

水性コーティング剤の乾燥時間と塗布条件は課題です。水性コーティング剤は一般的に乾燥に時間がかかり、湿度や温度などの環境要因に敏感です。そのため、プロジェクトの完成が遅れたり、気候条件が異なる場所での使用が制限されたりして、さまざまな環境での使用が複雑になる可能性があります。

また、水性コーティング剤は溶剤系塗料に比べて価格が高いという欠点もあります。水性コーティング剤は、塗布やメンテナンスの面で長期的なコスト削減が可能な反面、初期費用がかさむため、予算が限られているプロジェクトでは足かせになりかねないです。さらに、効果的な塗布を保証するための特殊な設備や技術が必要なため、全体的な費用がかさみます。

目次

第1章 イントロダクション

• 市場の定義
• 市場セグメンテーション
• 調査手法

第2章 エグゼクティブサマリー

• 主な調査結果
• 市場概要
• 市場ハイライト

第3章 市場概要

• 市場規模と成長の可能性
• 市場動向
• 市場促進要因
• 市場抑制要因
• 市場機会
• ポーターのファイブフォース分析

第4章 水性コーティング剤市場：樹脂タイプ別

• アクリル
• ポリウレタン
• ポリエステル
• エポキシ

第5章 水性コーティング剤市場：用途別

• 建築用塗料
• 工業用塗料
• 木材用塗料
• 自動車用塗料
• 包装用塗料

第6章 水性コーティング剤市場：最終用途産業別

• 建設
• 自動車
• 家具
• 包装
• 工業製造

第7章 地域分析

• 北米
• 米国
• カナダ
• メキシコ
• 欧州
• 英国
• ドイツ
• フランス
• イタリア
• アジア太平洋
• 中国
• 日本
• インド
• オーストラリア
• ラテンアメリカ
• ブラジル
• アルゼンチン
• チリ
• 中東・アフリカ
• 南アフリカ
• サウジアラビア
• アラブ首長国連邦

第8章 市場力学

• 市場促進要因
• 市場抑制要因
• 市場機会
• COVID-19の市場への影響

第9章 競合情勢

• 主要企業
• 市場シェア分析

第10章 企業プロファイル

• AkzoNobel
• PPG Industries
• BASF SE
• The Sherwin-Williams Company
• Asian Paints
• Nippon Paint
• Axalta Coating Systems
• RPM International
• Kansai Paint
• Tikkurila

第11章 市場の展望と機会

• 新興技術
• 今後の市場動向
• 投資機会

第12章 付録

• 略語リスト
• 出典と参考文献

Water-Based Coatings Market Valuation - 2026-2032

Increasing regulations on volatile organic compounds (VOCs) are pushing industries towards water-based coatings as a more eco-friendly option, this is propelling the adoption of Water-Based Coatings. Growing consumer and corporate focus on sustainability is driving the market size surpass USD 75.41 Billion valued in 2024 to reach a valuation of around USD 118.03 Billion by 2032.

In addition to this, innovations in water-based coating formulations enhance performance and versatility is spurring up the adoption of Water-Based Coatings. The construction and architectural sectors increasingly prefer water-based coatings for their aesthetic and durability benefits, this is enabling the market to grow at a CAGR of 5.76% from 2026 to 2032.

Water-Based Coatings Market: Definition/ Overview

Water-based coatings are paints or finishes that use water as the primary solvent rather than organic solvents. This formulation significantly reduces the emission of volatile organic compounds (VOCs), making them a more environmentally friendly option. These coatings consist of pigments, resins, and other additives suspended in a water base, providing a more sustainable alternative to traditional solvent-based coatings.

Water-based coatings are widely used in various sectors, including residential, commercial, and industrial applications. They are commonly applied in architectural paints, automotive finishes, wood coatings, and industrial coatings. Their versatility allows them to be used on diverse surfaces such as walls, floors, and machinery, offering benefits like quick drying times, ease of clean-up, and durability.

How will Rising Construction Industry's Growth Increase Adoption of Water-Based Coatings?

The growing environmental consciousness and stringent regulations are propelling the water-based coatings market forward. According to the U.S. Environmental Protection Agency, volatile organic compound (VOC) emissions from paints and coatings decreased by 60% between 1990 and 2014, largely due to the shift towards water-based formulations. This trend continues as manufacturers innovate to meet sustainability goals. For instance, in March 2024, AkzoNobel announced the expansion of its water-based coatings production facility in China, aiming to cater to the increasing demand in the Asia-Pacific region.

Technological advancements in water-based coatings are enhancing their performance and expanding their applications across various industries. These coatings now offer improved durability, chemical resistance, and faster drying times, making them competitive with solvent-based alternatives. The European Commission reported that the market share of water-based coatings in the automotive refinish sector increased from 8% in 2007 to 20% in 2020, showcasing the growing adoption in traditionally solvent-dominated sectors.

The rising construction industry's growth is fuelling the demand for water-based coatings, particularly in emerging economies. These coatings are preferred for their low odour, easy application, and quick drying properties, making them ideal for both interior and exterior applications. The Indian Ministry of Statistics and Programme Implementation reported that the construction sector grew by 10.7% in the fiscal year 2023-2024, indicating a robust market for water-based coatings. For instance, Sherwin-Williams launched a new line of water-based exterior paints in India in November 2023, specifically formulated to withstand the country's diverse climatic conditions.

Will Performance Limitations of Water-Based Coatings Restrain Its Market Growth?

Water-based coatings often face performance limitations compared to solvent-based alternatives. They may struggle with durability, adhesion, and resistance to harsh conditions, which can limit their application in environments requiring high performance. For industries that demand superior resistance to wear and extreme conditions, solvent-based coatings may still be the preferred choice.

The drying time and application conditions for water-based coatings can be challenging. These coatings generally require longer to dry and are sensitive to environmental factors such as humidity and temperature. This can lead to delays in project completion and restrict their use in varying climatic conditions, potentially complicating their application in diverse environments.

Also, water-based coatings can come with a higher price tag compared to solvent-based options. While they can offer long-term savings in application and maintenance, the upfront costs can be a deterrent for budget-sensitive projects. Additionally, the need for specialized equipment and techniques to ensure effective application can further contribute to the overall expense.

Category-Wise Acumens

What are the Factors Driving the Leadership of Acrylic Water-Based Coatings?

The water-based coatings market has witnessed significant growth, with acrylics emerging as the dominant segment. These coatings offer superior durability, weather resistance, and eco-friendly properties, making them increasingly popular across various industries. According to the U.S. Environmental Protection Agency, water-based coatings can reduce volatile organic compound (VOC) emissions by up to 80% compared to solvent-based alternatives.

Acrylic water-based coatings have found extensive applications in the construction and automotive sectors, driving market growth. Their quick-drying nature, excellent adhesion properties, and resistance to UV radiation make them ideal for both interior and exterior applications. The European Commission reported that the use of water-based coatings in the construction industry has increased by 35% between 2015 and 2020. In February 2024, PPG Industries introduced a new range of acrylic water-based coatings specifically designed for commercial buildings, emphasizing improved energy efficiency and reduced maintenance costs.

Which Factors Contributing Architectural Coatings Segment Dominance in Water-Based Coatings Market?

Architectural coatings have emerged as the dominant segment in the water-based coatings market, driven by the booming construction industry and increasing renovation activities worldwide. These coatings offer superior durability, low VOC emissions, and excellent aesthetic properties, making them ideal for both interior and exterior applications. According to the U.S. Census Bureau, the value of private residential construction put in place increased by 14.7% from 2020 to 2021, indicating a strong demand for architectural coatings. In a recent development, Benjamin Moore, a leading paint manufacturer, launched a new line of water-based exterior paints in February 2024, featuring advanced weather-resistant technology.

The shift towards sustainable building practices has further propelled the use of water-based architectural coatings. These environmentally friendly options align with green building certifications and stringent environmental regulations, making them increasingly popular among architects and homeowners. The European Commission reported that eco-labeled paints and varnishes accounted for 22% of the total market volume in 2022, up from 15% in 2015. This trend is expected to continue as awareness of environmental issues grows.

Country/Region-wise Acumens

Will Robust Construction and Automotive Industries of Technologies in North America Drive Water-Based Coatings Market Growth?

North America has established itself as the dominant region in the global water-based coatings market, driven by stringent environmental regulations and a strong focus on sustainable development. The region's robust construction and automotive industries contribute significantly to the market's growth. According to the U.S. Environmental Protection Agency, the use of water-based coatings has resulted in a 40% reduction in volatile organic compound (VOC) emissions from architectural coatings between 2002 and 2018. For instance, Sherwin-Williams announced in January 2024 the launch of a new line of low-VOC water-based coatings specifically designed for the North American commercial building sector.

The automotive industry in North America has been a key driver for water-based coatings adoption, particularly in the refinish segment. These coatings offer improved durability, faster drying times, and better environmental performance compared to solvent-based alternatives. The U.S. Department of Energy reported that the use of water-based coatings in automotive manufacturing has increased by 30% between 2015 and 2023.

The increasing consumer awareness and demand for eco-friendly products have further bolstered the water-based coatings market in North America. These coatings are gaining popularity in both residential and commercial applications due to their low odour and reduced health risks. The Canadian government's National Pollutant Release Inventory reported a 15% decrease in VOC emissions from the paint and coatings industry between 2010 and 2020, largely attributed to the shift towards water-based formulations.

Will Growing Environmental Awareness Enhance Adoption of Water-Based Coatings in Asia Pacific?

The Asia-Pacific region is experiencing rapid growth in the water-based coatings market, driven by robust industrial expansion, increased construction activities, and growing environmental awareness. Countries like China, India, and Japan are leading this surge, with their burgeoning manufacturing sectors and stringent environmental regulations. According to the National Bureau of Statistics of China, the country's construction industry grew by 8.1% in 2023, indicating a strong demand for water-based coatings.

The automotive industry in Asia-Pacific is increasingly adopting water-based coatings, contributing significantly to market growth. These coatings offer improved finish quality, reduced environmental impact, and compliance with stricter emission norms. The Indian Ministry of Heavy Industries reported that automotive production in the country increased by 12.5% in the fiscal year 2023-2024, suggesting a growing market for automotive coatings. Responding to this trend, PPG Industries launched a new line of water-based automotive coatings in South Korea in December 2023, emphasizing enhanced durability and eco-friendliness.

Competitive Landscape

The water-based coatings market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the water-based coatings market include:

• PPG Industries, Inc.
• AkzoNobel N.V.
• Sherwin-Williams Company
• BASF SE
• RPM International, Inc.
• Jotun Group
• Axalta Coating Systems Ltd.
• Benjamin Moore & Co.
• Hempel A/S
• Nippon Paint Holdings Co., Ltd.
• Valspar Corporation
• Kansai Paint Co., Ltd.
• Sika AG
• DAW SE

3M Company

• Tikkurila Oyj
• Dutch Boy Paints
• Farrow & Ball Ltd.
• Glidden Paints
• Asian Paints Limited

Latest Developments

• In May 2024, Sherwin-Williams Company expanded its product portfolio with a new range of water-based coatings that feature advanced anti-microbial properties for improved hygiene and safety in healthcare environments.
• In April 2024, Jotun Group launched a revolutionary water-based coating system for marine and protective applications, offering enhanced resistance to harsh weather conditions and saltwater exposure.

Water-Based Coatings Market, By Category

• Resin Type:
• Acrylics
• Polyurethane
• Polyester
• Epoxy
• Application:
• Architectural Coatings
• Industrial Coatings
• Wood Coatings
• Automotive Coatings
• Packaging Coatings
• End-User Industry:
• Construction
• Automotive
• Furniture
• Packaging
• Industrial Manufacturing
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
• Conclusion
• The Water-Based Coatings Market is poised for significant growth driven by increasing environmental regulations promoting the adoption of eco-friendly coating solutions, rising consumer awareness regarding sustainable products, and growing demand for high-performance coatings across various end-use industries. With ongoing advancements in formulation technologies and increasing investments in research and development activities, the market is expected to witness substantial expansion in the coming years. Key players in the industry are focusing on product innovation, strategic partnerships, and expansions to strengthen their market presence and capitalize on emerging opportunities, thereby fostering a competitive landscape within the Water Based Coatings Market.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Water-Based Coatings Market, By Resin Type

• Acrylics
• Polyurethane
• Polyester
• Epoxy

5. Water-Based Coatings Market, By Application

• Architectural Coatings
• Industrial Coatings
• Wood Coatings
• Automotive Coatings
• Packaging Coatings

6. Water-Based Coatings Market, By End-Use Industry

• Construction
• Automotive
• Furniture
• Packaging
• Industrial Manufacturing

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• AkzoNobel
• PPG Industries
• BASF SE
• The Sherwin-Williams Company
• Asian Paints
• Nippon Paint
• Axalta Coating Systems
• RPM International
• Kansai Paint
• Tikkurila

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References