Green Coatings Market

SKU: DMCH610 | Last Updated On: Sep 20 2022 | Available Formats

> Global Green Coatings Market Expected to reach a high CAGR 4.1% By 2029: DataM Intelligence

Global Green Coatings Market is segmented by Type (Water-Borne, Powder, High-solids, UV-cured coating), by Application (Architectural Coatings, Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global Green Coatings Market Market is expected to grow at a CAGR of 4.1% during the forecasting period (2022-2029).

  • Green coatings are the substance applied on the surface of an object for decoration or protection of the surface. It is produced using natural sources like vegetable oil, soybeans, castor oil, and clay.

  • The manufacturing process of green coating includes the elimination of the use of hazardous materials and increased use of bio-renewable and recycled material. Green coating manufacturers globally are working towards developing a high-performance coating that has a less negative impact on the environment.

  • Moreover, coating developers create innovative manufacturing techniques that protect air and water quality by reducing the consumption of natural resources.

Green Coatings Market- Strategic Insights

Metrics

Details

Market CAGR

 4.1%

Segments Covered

By Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Trends

  • Green Coatings are good for the environment. These coatings help to reduce CO2 emissions by reducing the amount of unwanted waste deposited in landfills and reducing the amount of VOCs released when low VOC Green Coatings are chosen for architectural applications.

  • Green Coatings save money by avoiding expenses incurred by tear-off and replacing existing roofing membranes and removal/disposal fees associated with hazardous materials remediation by removal. Green Coatings can also save time by avoiding downtime for the building and relocation fees for the building occupants.

  • Furthermore, Green coatings protect interior and exterior building surfaces extending their useful service life. They are designed and engineered to cross-link-bond with each other, and are easily renewed when their useful service life is over.

Industry Segmentation

  • Global Green Coatings Market is categorized into various types such as water-borne, powder, high-solids, and UV-curved coatings. Of these, the waterborne coatings have high demand at a global level, and their manufacturing is majorly dominated by Asia-Pacific mainly by China, Japan, and India.

  • Also, Waterborne coatings are widely used in interior & exterior paints, doors, trims, and facades in the architectural industry. Stringent government regulations to reduce volatile organic compounds (VOC) emissions associated with solvent-based coatings are projected to propel market growth.

  • Increasing automobile production in countries such as India, China, Thailand, Indonesia, and Mexico has also prompted the demand for waterborne coatings.

Geographical Share

  • Based on geography, the green coatings market is studied across the countries of critical regions such as North America, South America, Europe, Asia Pacific, and RoW. North America comprises the United States, Canada, and Mexico. Whereas South America includes Brazil, Argentina, and the Rest of South America, Europe would primarily cover Germany, France, the UK, Italy, and the Rest of Europe.

  • The critical countries included under the Asia Pacific are China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The rest of the world is the key country covered in the report. Of these, Asia Pacific dominates the global green coating market followed by North America and Europe. 

  • Growing industrialization, growing automotive industry in economies including India and China, and raising awareness among consumers about the environment are the prominent factors driving the Asian green coatings market.

Competition Size

  • Global Green Coatings Market is fragmented with the presence of many local and international players. However, Nanpao Resins Chemical Group, PPG Industries, Inc., and Roymal, Inc. hold significant market share in the market. PPG Industries, Inc. It is the market leader with approximately YY% of the total demand followed by Royal and Nanpao Resins Chemical Group.

  • In 2017, Hempel established a new R&D facility solely focused on passive fire protection (PFP) coatings near Barcelona, Spain. The center is likely to be fully functional by the end of 2018

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FAQ

What is the Growth Rate of the Green Coatings Market?

grow at a CAGR of 4.1% during the forecasting period (2022-2029).

What Companies Are Included in the Green Coatings Market?

Nan Pao Resins Chemical Group, PPG Industries, Inc., and Roymal, Inc. hold significant market share in the market. PPG Industries, Inc. It is the market leader with approximately YY% of the total demand followed by Royal and Nanpao Resins Chemical Group.

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