Global Green Coatings Market Outlook - Size, Analysis, Growth Drivers And Demand 2023-2032 | Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, PPG Industries Inc., The Sherwin Williams Company

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

The Business Research Company's Green Coatings Global Market Report 2023 identifies Significant growth in the construction industry as the major driver for the Green Coatings market's growth in the forecast period. The construction industry refers to the commercial sector of manufacturing and trade that deals with creating, maintaining, and repairing infrastructures. The construction industry is growing with the demand for green buildings that require bio-based paints and coatings to protect the environment and reduce pollution.

The global green coatings market size is expected to grow from $87.42 billion in 2022 to $95.34 billion in 2023 at a compound annual growth rate (CAGR) of 9.05%. 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 green coatings market size is expected to reach $129.59 billion in 2027 at a CAGR of 7.98%.

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Major competitors in the Green Coatings market are Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, PPG Industries Inc., The Sherwin Williams Company, Asian Paints Limited.

A key trend in the Green Coatings market includes Innovations in bio-based materials. Major players are concentrating on creating innovative bio-based materials to reduce environmental pollution. For instance, in February 2020, Cortec Corporation, a US-based corrosion control technology company specialising in developing and manufacturing innovative environmentally friendly coatings, launched EcoAir® Biobased Outdoor Coating based on Nano VpCI® corrosion inhibitor.

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The Green Coatings market is segmented -

1. By Type: Waterborne Coatings, Powder Coatings, High-Solids Coatings, Radiation Cure Coatings.
2. By Source: Vegetable Oil, Soy Bean, Castor Oil, Clay, Other Sources.
3. By End-Use Industry: Industrial, Architectural, Automotive, Packaging, Other End-Use Industries.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Green Coatings market.

The Business Research Company's "Global Green Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Green Coatings Market Include:

1. Executive Summary
2. Green Coatings Market Characteristics
3. Green Coatings Market Trends And Strategies
4. Green Coatings Market - Macro Economic Scenario
5. Green Coatings Market Size And Growth
……
26. Africa Green Coatings Market
27. Green Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Green Coatings Market
29. Green Coatings Market Future Outlook and Potential Analysis
30. Appendix

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