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Bio-Based Coatings Market Insights, Size, Share, Growth And Forecast 2024-2033 | Key Players: AURO Pflanzenenchemie AG, Benjamin Moore & Co., Eco Safety Products, BASF SE, Cargill Incorporated, AkzoNobel N.V.
Bio-Based Coatings Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the bio-based coatings industry. This report on bio-based coatings market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The bio-based coatings market size has grown rapidly in recent years. It will grow from $8.57 billion in 2024 to $10.05 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to infection prevention, biocompatibility, advanced drug delivery, performance enhancement, regulatory compliance.
The bio-based coatings market size is expected to see rapid growth in the next few years. It will grow to $18.19 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%.
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Key Market Players:
AURO Pflanzenenchemie AG, Benjamin Moore & Co., Eco Safety Products, BASF SE, Cargill Incorporated, AkzoNobel N.V. are prominent players in the bio-based coatings industry.
Market Drivers:
According to the Bio-Based Coatings Market Report 2024 by The Business Research Company, the key factors driving the growth of the Bio-Based Coatings market, includes Increasing awareness in society apropos of environmentally-responsible products. 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.
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Market segments for bio-based coatings include:
1) By Type: Ester Solvents, D-Limonene, Alcohols, Glycols And Diols Solvents, Other Types
2) 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
3) By Sector: Commercial Sector, Industrial Sector, Residential Sector
4) By Use: Decorative Paints, Transportation, Metal Industrial Coatings, Industrial Maintenance And Protective, Powder Coatings, Automotive Refinish, Wood Coatings, Marine Coatings, Coil Coatings, Packaging Coatings
5) By Area Of Application: Internal Application, External Application
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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