Green Coatings Market Size, Share | Industry Forecast 2022-27
According to the latest report by IMARC Group, titled “Green Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″ The global green coatings market reached a value of US$ 81.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 107.5 Billion by 2027, exhibiting a CAGR of 4.76% during 2022-2027.
Green coatings are eco-friendly coatings that emit almost negligible volatile organic compounds (VOCs) during the production process. These glazes are manufactured using naturally obtained materials, such as soybean, milk, vegetable oil, castor oil, clay, etc. Some common product variants include high solid paints, radiation-hardened coatings, water-based paints, powder coatings, etc. Green coatings aid in improving the overall efficiency of the equipment and minimize the adverse effects of infrared and ultraviolet (UV) radiations. As a result, they find wide applications across several industries, including automotive, mining, aerospace, construction, oil and gas, aviation, marine, etc.
Request for a free sample copy of this report: https://www.imarcgroup.com/green-coatings-market/requestsample
Green Coatings Market Trends and Drivers:
The expanding construction industry and elevating levels of industrialization are primarily driving the green coatings market. They are extensively used as protective and decorative paints on walls, panels, door frames, roofs, windows, interior extrusions, etc. Furthermore, the growing environmental awareness and the increasing demand for powder-based and waterborne coatings are catalyzing the market growth. As compared to the conventionally used solvent-borne coatings, these variants are block resistant, VOC-free, not harmful for human health, etc. Moreover, numerous product innovations, including the introduction of radiation curable coatings, are contributing to the market growth. They are produced using plant-based sources and are processed under ultraviolet (UV) radiations or low energy electrons (EB). Besides this, the implementation of favorable government policies to promote sustainability is expected to bolster the market growth in the coming years.
Green Coatings Market Segmentation:
The report has segmented the market on the basis on region, type and application.
Breakup by Type:
- Waterborne
- Powder
- High Solid
- UV Cured
Breakup by Application:
- Architectural Coatings
- Industrial Coatings
- Automotive Coatings
- Wood Coatings
- Packaging Coatings
- Others
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the Major Green Coatings Market Key players?
The report provides a detailed analysis of the market leaders, including.
- Akzo Nobel N.V.
- Asian Paints Limited
- Axalta Coating Systems Ltd.
- BASF SE
- Hempel A/S
- Jotun
- Kansai Paint Co. Ltd.
- Koninklijke DSM N.V.
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc
- The Sherwin-Williams Company.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4091&flag=C
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian