The global Water-based Alkyd Coatings Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Architectural, Industrial, Others).
Water-based alkyd coatings represent a class of environmentally friendly coatings that combine the durability and performance of traditional solvent-based alkyds with the low VOC content and easy cleanup of water-based formulations. By incorporating waterborne resins, emulsifiers, and coalescing agents, water-based alkyd coatings offer excellent adhesion, hardness, and weather resistance for interior and exterior applications such as architectural paints, wood finishes, and metal coatings. With tightening regulations on VOC emissions and increasing consumer demand for eco-friendly products, water-based alkyd coatings have emerged as a preferred choice for architectural and decorative coatings, driving innovation in resin chemistry, formulation techniques, and application methods.
The market report analyses the leading companies in the industry including Akzo Nobel N.V., Axalta Coating Systems, Brillux GmbH & Co. KG, Cromology, DAW SE, Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd, National Paints Factories Co. Ltd, NIPSEA GROUP, PPG Industries Inc, RPM International Inc, The Sherwin-Williams Company, TIKKURILA OYJ, and others.
A significant trend in the Water-Based Alkyd Coatings market is the increasing demand for environmentally-friendly coating solutions. With growing awareness of the environmental impact of traditional solvent-based coatings, there's a notable shift towards water-based formulations that offer lower VOC emissions, reduced toxicity, and easier cleanup. Water-based alkyd coatings, leveraging the benefits of alkyd resins combined with waterborne technology, provide excellent performance properties such as durability, adhesion, and color retention while meeting stringent environmental regulations. This trend is driving the development of innovative water-based alkyd coatings tailored for various applications across architectural, industrial, and decorative sectors, thereby fostering sustainability in the coatings industry.
A key driver in the Water-Based Alkyd Coatings market is the enforcement of stringent regulations on VOC emissions and hazardous chemicals, coupled with evolving consumer preferences for safer and healthier products. Governments worldwide are implementing stricter environmental standards to reduce air pollution and protect public health, prompting manufacturers to reformulate their coatings to comply with regulatory requirements. Additionally, consumers are increasingly seeking eco-friendly alternatives and are willing to pay a premium for products that offer environmental benefits without compromising performance. Water-based alkyd coatings, with their low VOC content and eco-friendly profile, are well-positioned to capitalize on these market drivers and gain traction in the coatings industry.
Amidst the evolving market dynamics, there exists a significant opportunity for Water-Based Alkyd Coatings manufacturers to expand into high-performance applications such as automotive, marine, and industrial coatings. While water-based coatings have traditionally been associated with decorative and architectural applications, advancements in formulation technology have led to the development of water-based alkyd coatings with enhanced durability, corrosion resistance, and chemical resistance, making them suitable for demanding environments. By targeting niche markets and collaborating with end-users to develop customized solutions, companies can capitalize on the growing demand for high-performance water-based coatings, thereby diversifying their product portfolio and expanding their market reach.
Among the segments delineated within the Water-based Alkyd Coatings market by application, the architectural segment is the largest. The large revenue share is primarily driven by the widespread use of water-based alkyd coatings in architectural applications, including residential, commercial, and institutional buildings. Architectural coatings encompass a broad range of products used for protecting and enhancing the aesthetic appeal of surfaces such as walls, ceilings, trim, doors, and windows. Water-based alkyd coatings offer potential advantages in architectural applications, including low odor, ease of application, quick drying times, and excellent adhesion to various substrates such as wood, metal, and masonry. Additionally, water-based formulations are favored for their environmentally friendly properties, as they contain lower levels of volatile organic compounds (VOCs) compared to traditional solvent-based alkyd coatings, resulting in reduced emissions and improved indoor air quality. The architectural segment experiences steady growth driven by factors such as urbanization, infrastructure development, and renovation projects. As consumers and building owners increasingly prioritize sustainable and low-emission coatings solutions, the demand for water-based alkyd coatings in architectural applications is expected to continue growing, solidifying the segment's position as the largest in the Water-based Alkyd Coatings market. Furthermore, advancements in formulation technology and the introduction of innovative product offerings tailored to specific architectural needs further support the segment's dominance in the market.
By Application
Architectural
Industrial
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Akzo Nobel N.V.
Axalta Coating Systems
Brillux GmbH & Co. KG
Cromology
DAW SE
Hempel A/S
Jotun A/S
Kansai Paint Co. Ltd
National Paints Factories Co. Ltd
NIPSEA GROUP
PPG Industries Inc
RPM International Inc
The Sherwin-Williams Company
TIKKURILA OYJ
*- List Not Exhaustive
Global Water-based Alkyd Coatings Market Size is valued at $9.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 6.6% to reach $16 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Akzo Nobel N.V., Axalta Coating Systems, Brillux GmbH & Co. KG, Cromology, DAW SE, Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd, National Paints Factories Co. Ltd, NIPSEA GROUP, PPG Industries Inc, RPM International Inc, The Sherwin-Williams Company, TIKKURILA OYJ
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume