Last Updated: 11 Jul 2025
Source: Statifacts
The global water-based solvent paints market size surpassed USD 88.17 billion in 2024 and is predicted to reach around USD 144.12 billion by 2034, registering a CAGR of 5.03% from 2025 to 2034.
| Industry Worth | Details |
| Market Size in 2025 | USD 92.45 Billion |
| Market Size by 2034 | USD 144.12 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 5.03% |
The water-based solvent paints market consists of water-based paints, also called latex or acrylic paints, which use water as their main solvent to separate the resins that put together the paint or coating. They contain much lower volatile organic compounds (VOCs) in comparison with solvent-based paints, making these paints more nature-friendly.
Water-based coatings come with a lot of advantages, some of them being good fixation, simplicity of application, low expenditure, high corrosion endurance, and improved erosion. These paints provide a more sustainable alternative to other types of paints. Due to the aforesaid factors, they are being adopted increasingly around the world.
Talking about innovation and sustainability in the paint sector, Wilson said, “Breaking ground on a new production facility for Pearls represents a special milestone made possible by years of shared commitment between our Vibrantz team and many early-adopter customers, particularly in Europe, to growth and a more sustainable future. Both the Pearls manufacturing process and the dispensing equipment used in paint stores are remarkable depictions of true innovation, customer partnership, and our commitment to bringing color, performance, and vibrancy to life.”
AI has proven to be valuable for the water-based solvent paints market as it plays several roles in the painting industry. Here is a more detailed elaboration of how AI benefits the market:
The global water-based solvent paints market is experiencing significant growth, with APAC maintaining its position as the dominant region while Europe emerges as the fastest-growing market. The North American region is expected to grow in the coming years.
North America
When it comes to sustainability, having rigorous environmental regulations helps in restricting volatile organic compounds (VOCs). Thus, water-based paints are highly adopted in North America. Many companies are keeping this in mind and are either developing or extending their paint manufacturing business, leading to numerous possibilities of market growth in the region.
Vibrantz Technologies is going to open a new production facility in Sittard, Netherlands, to extensively develop the capacity of its patented Pearls sustainable tinting solution, which is a technology package that includes a dispensing machine to treat solid colorants by volume for creating numerous end-use paint colors.
Europe
The firms and the regulatory agencies are highly concentrated on sustainability and environmental responsibility. The initiatives taken towards promoting eco-friendly alternatives and practicing the usage of renewable materials, like water-based paints. The European market has been growing swiftly, thanks to the companies taking important steps to reduce pollution and carbon emissions simultaneously.
Graphenstone is one of the most certified sustainable paint companies in the world, delivering paints and primers produced using renewable energy, and uses waste olive pits from the local olive oil industry for biomass fuel. Additionally, the water is reused and generates one of the lowest carbon footprints (CO2e).
APAC
There is a rising demand for water-based coatings due to their wide application across various industries like construction and furniture. This has a positive impact on economic development as it involves many sectors of the region. APAC took the lead in the water-based solvent paints market as the paint companies are expanding their businesses via the establishment of paint plants.
Aditya Birla Group’s Chairman, Kumar Mangalam Birla, disclosed the 4th plant, which is a fully automated and can manufacture up to 866mlpa, integrated paint plant of Birla Opus Paints at Chamarajnagar, Mysore.
The water-based solvent paints market is highly competitive, with leading pharmaceutical companies such as Nippon Paint Holdings, The Sherwin-Williams Company, PPG Industries Inc., AkzoNobel, RPM International, Axalta Coating Systems, BASF, Asian Paints, and Kansai Paint holding the highest market share. Emerging biotech firms also play a crucial role by fostering a dynamic and evolving competitive landscape.
The market is dominated by several pharmaceutical companies renowned for their significant contributions to cancer research and treatment. Based on recent data, the top three leading companies are:
The yearly revenue of Nippon Paint Holdings was accounted to be $1,638,720,000 in 2024.
The gross profit of The Sherwin-Williams Company leaped from $10,758,100 in 2023 to $11,195,100 in 2024.
The annual revenue of PPG Industries Inc. stood at $15,845,000 in 2024.
Published by Saurabh Bidwai
