Green Coatings Market to cross $104.0 billion by 2030 | Type, Application, Key Players, Geography, Forecast, 2021-2030

Global Green coatings market is set to garner $104.0 billion by 2030 and witnessing at a 4.3% CAGR from 2021 to 2030. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/2569

By region, the market across Europe, followed by Asia-Pacific and North America, had the lion's share in 2020, generating nearly one-third of the global green coatings market. This is attributed to the government regulations toward limiting the usage of VOCs in the painting segment due to health and environmental risks caused because of the formation of aerosol. The Asia-Pacific region, on the other hand, is projected to portray the fastest CAGR of 5.2% by 2030.

By application, the architectural coatings segment accounted for the major share in 2020, holding more than two-fifths of the global green coatings market. The same segment is also expected to grow at the fastest CAGR of 4.7% from 2021 to 2030. This is owing to the growth in building & construction industry, along with the policies of environment agencies to keep them eco-friendly.

Advantages of green coatings in the construction industry and high-end developments in the sector drive the growth of the global green coatings market. On the other hand, certain disadvantages associated with waterborne coatings in the building industry impede the growth to some extent. However, emergence of effective solutions for waste management and increasing use of waterborne coatings promoted by government in the APAC region are anticipated to pave the way for lucrative opportunities in the industry.

By type, the waterborne coatings segment contributed to the major share in 2020, holding more than three-fourths of the global green coatings market. The radiation cure coatings segment, however, would cite the fastest CAGR of 6.4% during the forecast period, due to the increasing research and development activities in the sector.

Interested in Procuring This Report? Visit Here:
https://www.alliedmarketresearch.com/green-coatings-market/purchase-options

Covid-19 scenario -

1. The outbreak of the pandemic gave way to closure of most of the constructional units and the majority of activities in the construction industry were delayed or postponed, especially during the initial phase. This, in turn, led to a steep decline in demand for green coatings that are used as protective and decorative paints on walls, roofs, panels, windows, door frames, and interior extrusions. This factor impacted the global green coatings market negatively.
2. Nevertheless, the market is projected to get back on track soon.



Browse Full Report Summary: https://www.alliedmarketresearch.com/green-coatings-market



Key players in the industry -

1. Arkema Group
2. Asian Paints Limited
3. Axalta Coating Systems Ltd.
4. Akzo Nobel N.V.
5. PPG Industries
6. Lifetime Green Coatings
7. The Sherwin-Williams Company
8. BASF SE
9. Berger Paints India Limited
10. Jotun A/S

Similar Report:

Epoxy Coatings Market
https://www.alliedmarketresearch.com/epoxy-coatings-market

Pigments Market
https://www.alliedmarketresearch.com/pigments-market

South East Asia and Australia Green Building Materials Market
https://www.alliedmarketresearch.com/south-east-asia-and-australia-green-building-materials-market-A13055

Green Building Materials Market
https://www.alliedmarketresearch.com/green-buildings-materials-market

Contact US

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.