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Green Coatings Market in Europe to majorly drive the regional growth | 2019 Key Players are Bayer Material Science, DSM, Arkema, Omnova solutions, Allnex
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North America, dominated by the U.S and Canada will witness significant growth for green coatings market due to rapid growth in construction activities. After the recovery from economic crisis, the number of housing and commercial activity rate has increased in this region which will boost the industry growth. North America is the major hub for producing green coatings in this region. Latin America, Mexico will observe a increased consumption of the products on wood appliances with the growth in furniture manufacturing industries.
Asia-Pacific, led by China is the fastest growing region for green coatings market due to increasing population and growth in automotive, building and packaging industry. Emerging economies including India, Japan, Malaysia, Vietnam, Thailand and Indonesia is predicted to witness a rapid growth in this industry. Escalating end-use applications in automotive, infrastructural, aviation, wood and packaging finished good are expected to drive the green coatings market.
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MEA green coatings market will experience significant growth owning increased growing focus towards activities including, roads & highways, education, water & wastewater treatment, infrastructure and social services.
Green coatings are used in various industries named, automotive, industrial, architectural, high performance, wood and packaging. Recently, the product demand has increased in architectural industry owing to the aesthetic appeal provided by the product. However, automotive coverings segment is expected to up surge rapidly with the recent developments in automobile industry.
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Green coatings market is highly competitive with presence of many regional manufacturers. Some of the key players are Bayer Material Science, DSM, Arkema, Omnova solutions and Allnex. Other prominent industry players including BASF, Nippon, Valspar, PPG, Axalta, Sherwin Williams, Masco, Asian paints and AkzoNobel are involved in this market.
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