Green Coatings Market Analysis, Status and Business Outlook 2021 to 2027

Green Coatings Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Green Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Green Coatings investments from 2020 till 2025.

The market for green coatings is expected to grow at a CAGR of more than 4% during the forecast period.

The Green Coatings market is highly competitive and consists of a number of major players: AkzoNobel N.V., Arkema Group, The Sherwin Williams Company, BASF SE, and PPG Industries Inc. and Others

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Scope of the Report

Augmenting demand for ultraviolet curing coating is likely to act as an opportunity. Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc

Key Market Trends

Water-borne Segment to Dominate the Market

- The core reason for manufacturers to switch from solvent-borne coatings to water-borne coatings is the VOC released from solvent-borne coatings.
- Also, other properties, like low odor, more durability, and block resistance, make water-borne coating a preferable option.
- There are many regulations from several governments that support the use of water-based coatings.
- REACH, a government initiative in Europe was adopted to improve human health and the environment and avoid the risks caused by chemicals, along with fueling up the competition in the European chemical industry.
- Promoting alternative methods, for the hazard assessment of substances, in order to reduce tests on animals, is growing the demand for coatings with low VOC-content, such as water-borne green coatings.

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China to Dominate the Asia-Pacific Region

- China has a market share of over 50% of the coatings demand in the region. The conversion of the paints and coatings manufacturers into service providers makes it a highly productive option.
- The manufacturers are also providing the service of painting job as well; this is being done with the help of trained professionals, or contractors as partners.
- The demand for green coatings is increasing at a faster rate in the region owing to increasing awareness for environment-friendly coatings and government initiatives.
- India is to grow at a faster rate than China, thus, providing new opportunities for the green coatings market.
- Asia-Pacific has the largest construction market which is led by India, China, and various South-east Asian countries.
- For instance, in India, the government initiated the project  Housing for All by 2022, which is expected to immensely drive the low-cost residential construction segment in the country throughout the forecast period. Furthermore, under the Pradhanmantri Awas Yojana, the Indian government has taken a decision to provide interest subvention of 3% and 4% for loans of up to USD 18,000 and USD 13,500, respectively, for the lower strata of the society with respect to buying and building homes.
- This, in turn, is likely to increase the demand for green coatings over the forecast period.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Green Coatings Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2025 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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