Green Coating Market Size, Share, Opportunities, COVID-19 Impact, 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
Published:  May 2021 Report Code: KSI061611853 Pages: 124

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.

Green Coating Market Scope:

Report Metric Details
 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
 Base year  2018
 Forecast period  2019–2024
 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

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


Frequently Asked Questions (FAQs)

Q1. What will be the green coating market size by 2024?
A1. The green coating market is projected to reach a total market size of US$101.121 million by 2024.
 
Q2. What is the size of global green coating market?
A2. Green Coating market was valued at US$76.256 million in 2018. 
 
Q3. What are the growth prospects for green coating market?
A3. The global green coating market is projected to grow at a CAGR of 4.82% during the forecast period.
 
Q4. Who are the major players in the green coating market?
A4. 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.
 
Q5. What factors are anticipated to drive the green coating market growth?
A5. The demand for green 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 contribute to the VOC emission.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

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

5.1. High-Solids

5.2. Waterborne

5.3. Powder

5.4. UV-Cured

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

7.1.1. USA

7.1.2. Canada

7.1.3. Mexico

7.2. South America

7.2.1. Brazil

7.2.2. Argentina

7.2.3. Others

7.3. Europe

7.3.1. Germany

7.3.2. France

7.3.3. United Kingdom

7.3.4. Others

7.4. Middle East and Africa

7.4.1. Saudi Arabia

7.4.2. Israel

7.4.3. Others

7.5. Asia Pacific

7.5.1. China

7.5.2. Japan

7.5.3. India

7.5.4. Others

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.

9.5. Intercoat

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.

BASF SE

ACREE TECHNOLOGIES INC

Intercoat

Roymal, Inc.

Delta Intercontinental Pte Ltd.,

The Sherwin-Williams Company.

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