The size of the green coating market will reach US$110,630 million by 2030, driven by growing concern about volatile organic compound (VOC) emissions.

acumen research and consulting

acumen research and consulting

Acumen Research & Consulting recently published report titled “A2 Milk Market Size, Share, Analysis Report and Region Forecast, 2022 – 2030”.

BEIJING, July 27, 2022 (Globe Newswire) — The Global Green Coating Market The size was accounted for USD 73,852 million in 2021 and is expected to reach a market value of USD 110,633 million by 2030 at a CAGR of 4.7% during the forecast period from 2022 to 2030.

Green coatings are environmentally sustainable coatings that emit relatively zero Volatile Organic Compounds (VOCs). Many of the most widespread green coatings are high-solids paints, water-based paints, powder coatings and radiation-hardened coatings. These coatings are made from natural ingredients such as biodiesel production, clay, castor petroleum, vegetable oil, milk, and more. They help reduce the harmful effects of ultraviolet (UV) and infrared radiations while increasing the overall efficiency of the device. As a result, they are found in a wide range of applications including automobile, petroleum and gas, building, aviation, mining, aerospace and marine.

Request for Free Sample Report @

https://www.acumenresearchandconsulting.com/request-sample/3051

Report Coverage:

market

Green Coating Market

market size 2021

USD 73,852 million

Market Forecast 2030

USD 110,633 million

CAGR during 2022 – 2030

4.7%

analysis period

2018 – 2030

base year

2021

forecast data

2022 – 2030

covered sections

By type, by application, and by geography

territorial range

North America, Europe, Asia Pacific, Latin America and the Middle East & Africa

Major Companies Profiles

BASF SE, Akzo Nobel NV, Jotun A/S, Lifetime Green Coatings, Axalta Coating Systems Ltd., PPG Industries, Berger Paints India Ltd., Asian Paints Ltd., The Sherwin-Williams Company and Arkema Group.

report coverage

Market Trends, Drivers, Sanctions, Competitive Analysis, Player Profiling, Regulation Analysis

range of customization

10 hours free customization and expert consultation

Global Green Coating Market Growth Aspects

Increasing environmental protection in emerging countries, as indicated by greater infrastructure investment, is a major driver of market expansion. Furthermore, the increasing use of powder and waterborne surface coatings to replace solvent-borne coatings, especially in the automotive and construction industries, is propelling the market in the coming years. High manufacturing activity in emerging markets such as China and Japan, increasing demand for radiation curing paints and plant-based timber coatings, and increasing awareness of volatile organic compound (VOC) problems are driving the industry forward. In addition, increasing awareness of the health and environmental impacts of volatile organic compounds, along with the use of UV cured paints and plant-based resources to manufacture wood coatings, are among the key factors driving the green coatings business. Furthermore, increasing advances in coating methodologies, increasing use of radiation treatment surface treatments, extensive research and development activities, and increasing product demand from a large number of different industries will provide exciting options for the green coatings market during the launch period.

However, the unpredictability of increasing biomass feedstock costs is one of the primary reasons that acts as a restraint, and higher manufacturing costs will further challenge the green coating market in the anticipated years.

View detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/green-coating-market

Impact of COVID-19 on Green Coating Market

The growing COVID-19 pandemic has reduced the demand for coating materials in semiconductors, automotive, architecture and white goods. The market has the potential to recover, but it is directly proportional to the length of the complete shutdown as well as the contribution of the virus to the national economy. Despite the fact that overall market demand is declining, awareness about durable coating is likely to increase in future years.

Growing demand for bio-based coating expected to drive the market

Growing environmental concerns have led to a substantial shift towards bio-based replacements, including bio-based coatings. Environmental risk has continued to drive the shift towards bio-based coatings in the paint and coatings business, and this shift is expected to reach new heights in the years to come. The consumption of bio-based coating materials is predicted to increase dramatically over the next years due to the increasing social awareness of environmentally responsible products. Manufacturing of sustainable products in the paint and surface coating business is one of the growing urbanization driving demands for bio-based coating materials.

Green Coating Market Regional Overview

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classifications of the global green coating market. The Asia-Pacific region is expected to be the fastest growing region for green coating during the projected time frame, due to rapid industrialization, increase in infrastructure construction activities, and improvement in GDP per capita, which has changed the lives of people. The level has changed, with people now concerned about spending on green and sustainable materials, the growing automotive industry demand and high quality product offerings. As a result of this demand for green coating over standard coatings, the regional market for green coating is expanding. North America accounts for a significant portion of the global green coating market and is expected to grow dramatically over the forecast years, due to environmental agencies in the region being very strict about VOC laws, which restrict the producers of the paint and coating segment. Encourages adoption of green coating. , In addition, the research and innovation sector of the region is always improving to make its products more sustainable.

Green Coating Market Segmentation

The global green coating market has been segmented on the basis of type and application by Acumen Research & Consulting. On the basis of type, the market has been segmented into waterborne coatings, high-solids coatings, powder coatings, and radiation curing coatings. On the basis of application, the market has been segmented into architectural coatings, automotive coatings, industrial coatings, packaging coatings, wood coatings and others.

Buy this premium research report –

https://www.acumenresearchandconsulting.com/buy-now/0/3051

Green Coating Market Players

Some of the major players involved in green coating industry globally are BASF SE, Akzo Nobel NV, Jotun A/S, Lifetime Green Coatings, Axalta Coating Systems Ltd., PPG Industries, Berger Paints India Ltd., Asian Paints Ltd., Sherwin-Williams Company, and Arkema Group.

Browse more research topics on the chemical industry:

Global Polycaprolactone Market size is expected to reach around USD 1,120 million by 2027 and growing at a rate of CAGR of around 12% In terms of revenue during the forecast period 2020 to 2027.

Global Drug Eluting Stents Market size is estimated to reach around USD 4,050 million by 2027 and growing at a rate of CAGR of around 7% In terms of revenue during the forecast period 2020 to 2027.

Global Polyvinylidene Chloride Coated Films close to the market. is likely to reach the market price of 2,500 million USD is projected to increase by another one by 2027 CAGR of around 6% In terms of revenue during the forecast period 2020 to 2027

about acumen research and consulting,

Acumen Research & Consulting is a global provider of market intelligence and consulting services for the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals and business executives to make fact-based decisions on technology procurement and develop resolute growth strategies to maintain competitiveness in the market. With a team size of 100+ analysts and over 200 years of collective industry experience, Acumen Research & Consulting assures to provide a combination of industry knowledge with global and country level expertise.

Follow us for latest updates Twitter And, linkedin

Contact:

Mr. Richard Johnson

acumen research and consulting

USA: +13474743864

India: +918983225533

E-mail: sales@acumenresearchandconsulting.com

Leave a Reply

Your email address will not be published.