Green Coatings Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2028

According to Zion Market Research, the global demand for Green Coatings Market was valued at around USD 90.22 Billion in 2021 and is predicted to create revenue of approximately USD 135.6 Billion by the end of 2028, increasing at a CAGR of approximately 6% between 2022 and 2028.

Green coatings are becoming more popular around the world as a result of an increase in environmental challenges and a growing market trend. According to a recent study, standard industrial coatings are harmful in nature because they contain volatile organic compounds (VOCs), which leak poisons into the air at room temperature. Certain biocides and fungicides may be present in ses VOCs. Radiation-curing coatings, high-solids water-borne coatings, and powder coatings are all examples of common green coatings. Paint and dryness can lead to health issues such as renal damage, headaches, and dizziness. The application of creative technology results in the creation and development of better, healthier colours. To promote public health and the environment, many firms are turning to environmentally sustainable materials such as green coatings.

Waterborne Coatings, Powder Coatings, High-Solids Coatings, and Radiation Cure Coatings are among the key coatings that generate extremely low or no VOCs, according to the Green Coatings research. Architectural coatings, automotive coatings, industrial coatings, high-performance coatings, wood coatings, packaging coatings, and product finishes are some of the primary applications in the industry. Architectural coatings outnumber other coating types in these applications. The research also covers main regions such as North America, Europe, Asia-Pacific, and the ROW, as well as the key nations driving the green coatings market.

Expansion in end-user sectors and the government’s strict environmental requirements are two significant drivers of global demand for green coatings. Furthermore, increased awareness of volatile organic compound (VOC) emissions may fuel worldwide demand in the near future. However, the increasing usage of ultraviolet curing coatings and plant-based sources for wood coating manufacturing is expected to drive global demand for green coatings higher. A slew of new discoveries have altered the nature of the industries. Companies focusing on new tactics such as mergers and acquisitions, new product launches, alliances, collaborations, and new technology launches may stimulate worldwide demand for green coatings in the coming years.

Global Green Coatings Market: Segmentation

Packaging coatings, industrial coatings, wood coatings, architectural coatings, automotive coatings, and others are the applications that make up the global green coatings market. Architectural coatings are expected to grow at a faster rate than the rest in recent years. The increased spending on infrastructure, particularly in the commercial and residential sectors, has significantly influenced the expansion of the worldwide green coatings market in recent years. The global market is further segmented by type into high-solids coatings, water-based coatings, radiation-cured coatings, and powder coatings. Furthermore, the worldwide green coatings market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.

The Asia Pacific has the largest market share in the global market for green coatings due to growth in the manufacturing sector. However, increased government awareness of environmental issues may lead to future growth. Furthermore, rising customer demand for the benefits of green coatings benefits the global market for green coatings. Water-based coatings are popular among the general public and have government support for widespread use in a variety of water-borne coating applications in this field, which is projected to drive market expansion.

Global Green Coatings Market: Competitive Players

Some main participants of the green coatings market are Axalta Coating System, Allnex S.a r.l., Momentive, Omnova Solutions, Bayer Material Science, Valspar Corporation, Arkema Inc., AkzoNobel NV., Sherwin-Williams Company, DSM, BASF, and PPG Industries among others.

Green Coatings Market: Regional Segment Analysis

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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