Waterborne coatings penetration rate steady growth!

The global water-based coatings market is experiencing a steady growth trend, which has been widely recognized by many research companies. According to a report released by Vantage Market Research, the total value of the global waterborne coatings market has climbed to 90.6 billion euros in 2021, and is expected to continue to grow in the next few years. By 2028, the size of the market is expected to reach 110 billion euros, showing strong development potential and broad market prospects.

According to detailed statistics, architectural coatings occupy a pivotal position in the global coatings market, with its total sales and sales volume far ahead, with a market share of more than 80%. Looking ahead, it is expected that by 2026, sales of architectural coatings will approach 33.2 million tons, continuing to climb at a healthy 3.8% compound annual growth rate.

In the next few years, water-based coatings will seize a larger market share in the field of industrial wood coatings. According to IRL's data, technology development is a key factor driving solid market share growth in this segment. It is expected to grow from 26.1% in 2021 to 30.9% in 2026, a growth rate of less than 5%, but this trend indicates that water-based coatings will become increasingly solid in the field of industrial wood coatings.

Therefore, we can foresee that in the coming period of time, the water-based coating industry will continue to maintain a strong momentum of development and become an important force to promote market growth. At the same time, with the continuous progress of technology and the changing needs of consumers, the water-based coating industry will continue to innovate and develop, contributing more to the sustainable development of various industries.