Frequently Asked Questions
The global Water-based barrier coatings market was valued at USD 5.8 Billion in 2022.
The Water based barrier coatings market is expected to grow at a CAGR of 6.30% between 2023 and 2030, reaching USD 8.895305032 Billion in 2030.
The Acrylic governs the demand for Water based barrier coating worldwide, holding a massive share of nearly 40% in 2022.
Polyester is expected to post the highest CAGR during the forecast period.
Europe is fueling the growth of the Water-based barrier coatings industry, with nearly three-fifth share in 2022.
The top players include The Sherwin-Williams Company, BASF SE, AkzoNobel N.V., PPG Industries Inc., RPM International Inc., Asian Paints Limited, Axalta Coating Systems LLC, and others.
Environmental concerns, stringent regulations on volatile organic compound (VOC) emissions, and the growing demand for sustainable and eco-friendly solutions & increasing focus on packaging materials with enhanced barrier properties to protect goods from moisture, oxygen, and other contaminants are the major market drivers.
Limited performance compared to solvent-based coatings & water-based coatings may have longer drying times and require additional equipment or modifications in manufacturing processes are still restraints of the water-based barrier coatings industry.
Increasing consumer demand for sustainable and eco-friendly products & environmental awareness, and rising preference for products that have minimal impact on the environment, are opportunities for the water-based barrier coatings industry.