Category

Green Coating Market For Manufacturing Industry Size, Share, Opportunities And Trends By Grade (High-Solids, Waterborne, Powder, UV-Cured), By Application (Packaging Coating, Wood Coating, Automotive Coating, Architectural Coating, Industrial Coating) And By Geography - Forecasts From 2019 To 2024

114 pages
Published on : May 2019
Report Code : KSI061611853

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Description

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.

DRIVERS

Growing regulation regarding Volatile Organic Compounds (VOC) emission

Investments in green buildings

RESTRAINTS

High adoption of conventional coating solutions

INDUSTRY UPDATE

 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.

Segmentation

The green coating market has been analyzed through the following segments:

By Grade

High-Solids

Waterborne

Powder

UV-Cured

 

By Application

Packaging Coating

Wood Coating

Automotive Coating

Architectural Coating

Industrial Coating

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

India

Others

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