Global Green Coatings Market, By Type (Waterborne Coatings, Powder Coatings, High-Solids Coatings, Radiation Cure Coatings), Application (Construction, Consumer Goods, Automotive, Oil & Gas, Mining, Aerospace, Marine, Others), Source (Vegetable Oil, Soy Bean, Castor Oil, Clay, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Green Coatings Market
Green coatings market will grow at a rate of 5.95% for the forecast period of 2021 to 2028. Increasing stringent government regulations concerned with VOC is a vital factor driving the growth of feed acidifiers market.
Green coatings are the type of environmentally accommodating coatings which emit almost zero volatile organic compounds during the manufacturing process. They do not require solvents for their usage and are used individually in a number of applicable industries. They are sustainable eco-friendly products which are produced in a number of different types.
Increasing environmental awareness in the developing regions displaying larger spend on infrastructure is the vital factor escalating the market growth, also increasing demand for waterborne and powder coating to substitute solvent borne coatings especially in the industrial and automotive application, increase in architectural sector in developing countries such as China, Japan, increasing demand for radiation cure coatings and plant-based wood coatings, rising awareness towards volatile organic compounds (VOC) emissions, rising usage of the ultraviolet curing coating and plant-based sources for the production of the wood coating and increasing awareness of health and environmental impacts due to volatile organic compounds are the major factors among others driving the green coatings market. Moreover, rising advancement in coatings technology, rising use of radiation cure coatings, rising research and development activities and rising demand of the product from numerous end-user industries will further create new opportunities for the green coatings market in the forecast period of 2021- 2028.
However, rising fluctuating in the prices of raw material is the vital factors among others acting as a restraint, and will further challenge the growth of green coatings market in the forecast period mentioned above.
This green coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on green coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Green Coatings Market Scope and Market Size
Green coatings market is segmented on the basis of type, application and source. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the green coatings market is segmented into waterborne coatings, powder coatings, high-solids coatings, and radiation cure coatings.
- On the basis of application, the green coatings market is segmented into construction, consumer goods, automotive, oil & gas, mining, aerospace, marine and others. Construction has been further segmented into curtain wall, wall and roof panels, window, door frames, store fronts and interior extrusions & panels. Consumer goods have been further segmented into oven components, dryer drums, rooftop HVAC units, large air ventilation systems, electronic boxes, furniture and fixtures and others. Automotive has been further segmented into truck chassis components, bus floors, automotive engine components, other automotive non-body-in-white applications and others. Oil and gas has been further segmented into mining, aerospace, marine and others.
- The green coatings market is also segmented on the basis of source into vegetable oil, soy bean, castor oil, clay and others.
Global Green Coatings Market Country Level Analysis
Green coatings market is analysed and market size, volume information is provided by country, type, application and source as referenced above.
The countries covered in the green coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the green coatings market due to growing population, rising economic development, rising consumer disposable income and changing consumer lifestyle in this region. Middle East & Africa is the expected region in terms of growth in green coatings market due to rising growth of application industries coupled with the expansion of major coating manufacturers and rapid urbanization and industrialization in this region.
The country section of the green coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Green Coatings Market Share Analysis
Green coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to green coatings market.
The major players covered in the green coatings market report are Akzo Nobel N.V., Asian Paints, Axalta Coating Systems LLC, BASF SE, Berger Paints India Limited, DAW SE, HEMPEL A/S, Jotun, Kansai Paint Co.Ltd., Masco Corporation, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, TIKKURILA OYJ, Walter Wurdack Inc., GLOBAL Encasement Inc., DSM, Henkel AG & Co. KGaA, Sika AG, ALLNEX NETHERLANDS B.V., Momentive, OMNOVA Solutions Inc., and Covestro AG,. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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