Green Coating Market Growth and its Detail Analysis by Top Key players like Akzo Nobel N.V., Asian Paints, Axalta Coating Systems, Hempel A/S, Jotun, Kansai Paint

Green coatings are developed to decrease environmental footprint caused due to the VOC content present in conventional coatings. Unlike conventional coatings, green coatings are made out of bio-renewable, recyclable resources and cause zero to low VOC emissions. Some popular green coatings include radiation cure coatings, powder coatings, high-solids, and water-borne coatings. These are widely used in architecture, automotive, aerospace, and industrial, where usage of green and low VOC emission is necessary.

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The green coating market is anticipated to grow in the forecast period owing to driving factors such as governmental regulations promoting green alternatives and consumer demand for sustainable and eco-friendly products. Moreover, growing demands from end-user industry such as automotive and architecture industry is another major factor driving the market. This has resulted in a global shift towards manufacturing green coatings among manufacturers propelling the overall green coating market growth.

Companies profiles in this Report: Akzo Nobel N.V., Asian Paints, Axalta Coating Systems, BASF SE, DAW SE, Hempel A/S, Jotun, Kansai Paint Co.,Ltd., PPG Industries, The Valspar Corporation among others.

However, high costs involved in manufacturing and innovations and R&D restricts the green coating market growth. On the other hand, increased use of UV coatings and waterborne coatings is likely to provide growth opportunities for the green coating market players during the forecast period.

The global green coating market is segmented by formulation, source, and application. Based on the source, the market is segmented as water-borne, powder, high solids, ultra-violet, solar reflective, chrome-free, bio-renewable, and others. By the source, the market is segmented as vegetable oil, soybean, castor oil, clay, and others. The market by the application is classified as construction, consumer goods, automotive, oil & gas, mining, aerospace, marine, and others.

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The construction market is further sub-segmented as curtain wall, wall and roof panels, window, door frames, storefronts, and interior extrusions and panels. Consumer goods market is sub-segmented into oven components, dryer drums, rooftop HVAC units, large air ventilation systems, electronic boxes, furniture and fixtures, and others. Automotive is sub-segmented as truck chassis components, bus floors, automotive engine components, other automotive non-body-in-white applications, and others.

The overall automated storage and retrieval system market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Green Coating Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Green Coating Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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