Green Coatings Market to Reflect Impressive Growth Rate During 2024 - 2031 | PPG industries, Akzonobel N.V., Axalta Coating System

Market Overview:

Green coatings refer to paints and coatings that have lower volatile organic compound (VOC) emissions and are environment-friendly. They are used in construction and industrial applications.

Market Dynamics:

The green coatings market is expected to witness significant growth over the forecast period owing to increasing environmental regulations regarding VOC emissions and growing awareness about greenhouse gas emissions. Stringent regulations such as REACH and California's South Coast Air Quality Management District (SCAQMD) have limited the VOC content in paints and coatings, driving the demand for green coatings. Additionally, green coatings provide durability and performance equivalent to conventional coatings while being environmentally preferable. This has persuaded many construction companies and industries to opt for green coatings.

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Regulations Encouraging Eco-Friendly Products are Pushing Demand for Green Coatings

Government regulations across nations are becoming increasingly strict in terms of reducing emissions of volatile organic compounds and hazardous air pollutants from industrial and construction activities. Major economies like the European Union, United States, China, and India have introduced stringent regulations that mandate industries and construction sectors to use green and sustainable materials in their products and activities. This is creating significant demand for green coatings formulated from bio-based or plant-based materials that produce lower or zero volatile organic compound emissions. Companies are reformulating their conventional coating product lines to replace hydrocarbon solvents with bio-based and plant-derived ingredients to comply with new legislations.

Opportunities in Infrastructure Development Projects

Governments worldwide are undertaking massive investments in infrastructure development such as buildings, bridges, roads, rail networks etc. to boost economic growth. This growing construction activity provides huge opportunities for green coating suppliers. Many public infrastructure projects especially in developed nations now mandate use of eco-friendly construction materials. Major coating companies can partner with governments and engineering/building contractors to supply their environmentally-friendly and sustainable coating product lines for these large infrastructure development programs. It ensures a huge and consistent demand stream. Companies involved in R&D of novel bio-based coating chemistries and production technologies can target these opportunities for commercializing their green innovations.

Popularity of Green Buildings is Driving Market Trends

One of the most prominent trends influencing the future outlook of green coatings industry is the burgeoning green building movement across the globe. Both public and private sectors are extensively investing in green building projects certified by prominent standards like LEED and Living Building Challenge that necessitate select materials with enhanced sustainability. Water-based coatings are high on the priority lists of architects specifying products for green structures. Significant segments like residential, commercial, healthcare are at the forefront of this shift towards greener construction practices. Major coating manufacturers are aggressively pushing their portfolios of sustainable interior and exterior paints, stains and coatings tailored for green building projects to ride on this emerging trend.

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Top Companies Included in This Report:

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

Market Segmentation:

Based on Product Type:

★ Water-Borne Coatings
★ Powder Coatings
★ High-Solids Coatings
★ Radiation and UV-Cured Coatings

Based on Applications:

★ Architectural Coatings
★ Interior and Exterior Coatings
★ Building Products
★ Construction Products
★ Decorative Coatings
★ Others
★ Industrial Coatings
★ Coil Coatings
★ Electrical Steel
★ Motors
★ Extrusion Coatings
★ Agricultural Finishes
★ Others
★ Automotive Coatings
★ Original Equipment Manufacturer & Refinish
★ Car Wheels
★ Agricultural and Industrial Equipment
★ Others
★ Packaging Coatings
★ Food & Beverages
★ Healthcare
★ Consumer Packaged Goods
★ Personal Care and Cosmetics
★ Industrial Chemicals
★ Can Coatings
★ Others
★ Wood Coatings
★ Construction Products
★ Furniture
★ Wood Finishes
★ Consumer Stains & Finishes
★ Aerospace Coatings
★ Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Latest Trends in the Navigation Green Coatings Market:

💡 Surging Demand: Witness a rising demand for navigation Green Coatings owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Green Coatings, encompassing real-time traffic updates, 3D mapping, and augmented reality.



💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Green Coatings solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.



💡 Fusion with Emerging Technologies: Observe the integration of navigation Green Coatings with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.



💡 Rise of Mobile Applications: Experience the proliferation of navigation Green Coatings in the form of mobile applications, offering enhanced convenience and accessibility to users.



💡 Emphasis on Environmental Sustainability: Witness the development of navigation Green Coatings systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.



Frequently Asked Questions (FAQs) for Global Navigation Green Coatings Market Research:

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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

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This release was published on openPR.