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Green Coatings Market to grow at a significant pace till 2025, key players are DSM, Arkema, Omnova solutions and Allnex
Green Coatings Market
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Coverings are applied on objects to protect them from corrosion, abrasion, rusting and wear & tear. The product distinct characteristics as they produce low levels of Volatile Organic Compound (VOC) emissions which follow the standards created by environmental bodies. Upsurge in use of UV curing and use of plant based sources to enhance wood coverings will have a positive impact on the green coatings market growth
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Bayer Material Science
2. DSM
3. Arkema
4. Omnova solutions
5. Allnex
6. BASF
7. Nippon
8. Valspar
9. PPG
10. Axalta
Increasing investments by major players in research & development activity had led to the innovation of green coatings that are non-hazardous. Growth of aviation, automotive and infrastructure industry will provide positive outlook to the industry. With high-tech technologies and government regulations, manufacturers are producing varnishes that have similar performance to that of conventional coverings. Another key factor for the rise in green coatings market is its superior performance relative to other varnishes. The major restraints for green coatings industry are the fluctuating raw material prices and easy availability of the product.
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Europe green coatings market is expected to witness exponential growth owning to rise in architectural and automotive industries in this. increased number of marine activities in the region will further support the industry growth.
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.
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.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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