The green coating market is projected to grow at a CAGR of 4.82% to reach US$101.121 million by 2024, from US$76.256 million in 2018.
Green coating refers to the coating material that is produced from sustainable sources such as vegetable oil, Soy bean, castor oil, clay and others. The demand for such coating is majorly driven by the burgeoning need to reduce VOC emission from the paints and coats since most of the industrial coatings are made with toxic ingredients that largely contributes to the VOC emission. Growing laws related to VOC emission and voluntary green building programs such as Leadership in Energy and Environmental Design (LEED) in US is propelling the market growth in the developed regions. Moreover, rising propensity towards building green infrastructure and this coupled with steady adoption of green coating solution among industries are expected to boost the market growth over the forecast period.
Growing regulation regarding Volatile Organic Compounds (VOC) emission
Investments in green buildings
High adoption of conventional coating solutions
In January 2019, Chemcoaters announced that Eco Green Coatings has become a wholly-owned subsidiary.
The major players profiled in the green coating market include Akzo Nobel N.V., PPG Industries, Inc., BASF SE, ACREE TECHNOLOGIES INC., Intercoat, Roymal, Inc., Delta Intercontinental Pte Ltd., and The Sherwin-Williams Company.
|Market size value in 2018||US$76.256 million|
|Market size value in 2024||US$101.121 million|
|Growth Rate||CAGR of 4.82% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Grade, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Akzo Nobel N.V., PPG Industries, Inc., BASF SE, ACREE TECHNOLOGIES INC, Intercoat, Roymal, Inc., Delta Intercontinental Pte Ltd., The Sherwin-Williams Company.|
|Customization scope||Free report customization with purchase|
The green coating market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GREEN COATING MARKET BY GRADE
6. GREEN COATING MARKET BY APPLICATION
6.1. Packaging Coating
6.2. Wood Coating
6.3. Automotive Coating
6.4. Architectural Coating
6.5. Industrial Coating
7. GREEN COATING MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
8. COMPETITIVE INTELLIGENCE
8.1. Company Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Akzo Nobel N.V.
9.2. PPG Industries, Inc.
9.3. BASF SE
9.4. ACREE TECHNOLOGIES INC.
9.6. Roymal, Inc.
9.7. Delta Intercontinental Pte Ltd.
9.8. The Sherwin-Williams Company
LIST OF FIGURES
LIST OF TABLES
Akzo Nobel N.V.
PPG Industries, Inc.
ACREE TECHNOLOGIES INC
Delta Intercontinental Pte Ltd.,
The Sherwin-Williams Company.
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