Global Bio-Based Coatings Market Analysis Of Industry Size, Share And Trends, Forecasts To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the bio-based coating market report by The Business Research Company, Increasing awareness in society apropos of environmentally-responsible products is expected to propel the growth of the bio-based coatings market going forward. Environmentally friendly products refer to oriented products that cause less environmental degradation and their production. Bio-based coatings are used for paper packaging products such as paper cups, and paper plates that are used in the manufacture of waterproof, sustainable, recyclable, compostable, and bio-degradable products.

The global bio-based coatings market size grew from $7.32 billion in 2022 to $8.66 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The bio-based coatings market size is expected to grow to $15.16 billion in 2027 at a CAGR of 15.0%.

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Major competitors in the bio-based coating market include AURO Pflanzenenchemie AG, Benjamin Moore & Co., Eco Safety Products, BASF SE, Cargill Incorporated, AkzoNobel N.V., PPG Industries, Sherwin-Williams Company, Nippon Paint Holdings Co., AURO Pflanzenchemie AG, KCC PAINTS SDN BHD., NOROO Paint & Coatings Co.Ltd., Reliance Industries Ltd., Japan Polypropylene Corporation, BioShields and Stora Enso OYJ

The bio-based coating market is segmented -
By Type: Ester Solvents, D-Limonene, Alcohols, Glycols And Diols Solvents, Other Types

By VOC Content: Zero VOC (VOC Content Less Than 5 Grams Per Liter), Low VOC (VOC Content Less Than 50 Grams Per Liter), VOC Absorbing, Natural Paints

By Sector: Commercial Sector, Industrial Sector, Residential Sector

By Use: Decorative Paints, Transportation, Metal Industrial Coatings, Industrial Maintenance And Protective, Powder Coatings, Automotive Refinish, Wood Coatings, Marine Coatings, Coil Coatings, Packaging Coatings

By Area Of Application: Internal Application, External Application

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the bio-based coating market.

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Bio-based coatings refer to the coatings made from biomaterials that lessen the reliance on scarce fossil resources. These solvents help in addressing social challenges, and bio-based coatings that can promote rural development and employment. The bio-based coatings are used as raw materials for producing bio-based solvents such as resin, additives, and pigments made from renewable raw materials.

The Table Of Content For The Bio-based coating market Include:
1. Executive Summary
2. Bio-Based Coatings Market Characteristics
3. Bio-Based Coatings Market Trends And Strategies
4. Bio-Based Coatings Market - Macro Economic Scenario
5. Bio-Based Coatings Market Size And Growth
.......
26. Africa Bio-Based Coatings Market
27. Bio-Based Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bio - Based Coatings Market
29. Bio-Based Coatings Market Future Outlook and Potential Analysis
30. Appendix

The "Global Bio-based coating market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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