The global waterborne coatings market is expected to reach $146.11 billion by 2022, according to a new study by Grand View Research Inc. Global waterborne coatings market demand was 20.54 million tons in 2014 and is expected to reach 32.71 million tons by 2022, growing at a compound annual growth rate (CAGR) of 6% from 2015 to 2022.
Architectural was the largest application segment, accounting for 86.5% of the total market volume in 2014. Automotive OEM is anticipated to be the fastest growing application segment at a CAGR of 8.1% from 2015 to 2022.