Green Coatings Market Demand: 2024, Global Growth Analysis, Segment by Applications, Industry Dynamics and Forecast to 2031 | The Sherwin Williams Company, PPG industries

Market Overview:

Green coatings are eco-friendly paints and coatings used for interior as well as exterior applications in residential and non-residential buildings. Their key advantage is reduced VOC emissions.

Market Dynamics:

The green coatings market is expected to witness significant growth over the forecast period owing to increasing demand for eco-friendly products from the construction industry. Green coatings contain low VOC levels and are manufactured using renewable resources which reduces their environmental impact. Additionally, various government regulations regarding VOC emissions from construction materials are compelling coating manufacturers to develop sustainable solutions, thereby supporting the market growth. Stringent environmental regulations in North America and Europe are favoring the use of green coatings in these regions.

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Major market players included in this report are:

★ The Sherwin Williams Company
★ PPG industries
★ Akzonobel N.V.
★ Axalta Coating System
★ BASF
★ Valspar Corporation
★ Kansai Paint Company Limited
★ Tikkurila OYJ
★ Masco Corporation

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

Based on coating type,
✦ Water-Borne Coatings
✦ Powder Coatings
✦ High-Solids Coatings
✦ Radiation and UV-Cured Coatings

On the basis of application,
✦ Architectural Coatings
✦ Industrial Coatings
✦ Automotive Coatings
✦ Packaging Coatings
✦ Wood Coatings
✦ Aerospace Coatings
✦ Others

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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👉 Green Coatings Market - Key Drivers, Restraints, Opportunities and Trends

✦ Growing Environmental Concerns is Driving Demand for Green Coatings

With increasing environmental awareness and stricter government regulations regarding emissions of volatile organic compounds from coating materials, the demand for green coatings is growing significantly. Green coatings help reduce the amount of harmful chemicals released into the environment during and after the application of coatings. They have lower toxicity, emit lower volatile organic compounds and are recycled more effectively at the end of product life. Manufacturers are increasingly opting for green coatings to meet sustainability targets and appeal to environmentally conscious customers.

✦ Stringent Regulations Around VOCs are Fueling Adoption of Green Coatings

Many countries and regions have stringent laws that restrict the amount of VOCs that can be emitted from coatings, adhesives, paints and other materials. For example, the European Union (EU) has some of the strictest VOC emission regulations for coatings through its Solvent Emissions Directive. Adopting green coatings is helping many companies comply with regulatory standards and avoid facing heavy fines for non-compliance. The growing regulatory push to eliminate hazardous chemicals and reduce VOC emissions is a major driver for the green coatings industry.

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✦ High Raw Material and Production Costs can Hamper Market Growth

While green coating offer various environmental benefits, their production involve additional steps and use of specialized non-toxic and recycled raw materials which increase manufacturing costs. Some green coating materials and processes are still at a technical development stage and involve expensive research investments. The premium pricing of green coatings as compared to conventional coatings act as a major restraint for wider acceptance, especially in price-sensitive and cost-optimized industries. However, with advancements in green chemistry and manufacturing technology, the costs are expected to decline over the long term.

✦ Growing Construction Industry Presents Immense Opportunities

The construction industry accounts for a major share of global coating demand. Green building and sustainable infrastructure are emerging trends in the construction sector. There is a growing emphasis on using environment-friendly materials with lower lifecycle impacts. This presents a massive opportunity for green coatings manufacturers to supply products for construction of green buildings, green roofs, infrastructure projects etc. Factors like government incentives for green buildings, green procurement policies and rising eco-consciousness among builders are fueling demand growth.

✦ Water-Based Technologies are Gaining Traction in the Industry

Stringent regulations have accelerated the shift towards more sustainable water-based coating technologies from traditional solvent-borne systems. Water-based coatings have lower toxicity, emit negligible VOCs and pose fewer risks to both applicators and the environment. Major coating producers are investing in advanced water-borne system development. The trend towards aqueous chemistries and 100% solids non-VOC technologies is reshaping the coatings formulary landscape. It signifies reduced environmental footprint of coatings along with performance benefits. Going forward, water-borne innovations will remain a key area of focus.

Key Questions

• How much revenue will the global Green Coatings Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Green Coatings Market?

• What are the indicators expected to drive the global Green Coatings Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Green Coatings Market to expand their geographical presence?

• What are the major advancements witnessed in the global Green Coatings Market?

• This report answers these questions and more about the global Green Coatings Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Green Coatings Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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