Bio-Based Coatings Industry Expected to Reach $20.64 Billion by 2029 at 15.6% CAGR

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

Bio-Based Coatings Market Value Projection: How Much Will the Market Size by 2025?
In recent times, there has been significant growth in the size of the bio-based coatings market. The expansion is expected to continue, with the market size set to increase from $9.99 billion in 2024 to $11.54 billion in 2025, showing a compound annual growth rate (CAGR) of 15.5%. Factors contributing to the historic period's growth include efforts to prevent infections, biocompatibility, advancements in drug delivery, enhancement of performance, and regulatory compliance.

What Will Be the Market Growth Forecat for Bio-Based Coatings in 2029?
The market size for bio-based coatings is anticipated to experience swift expansion in the coming years. The market is projected to reach a value of $20.64 billion in 2029, maintaining a compound annual growth rate (CAGR) of 15.6%. This significant rise during the forecast period can be correlated to advancements in nanotechnology, minimally invasive surgical procedures, remote health monitoring, personalized medical treatments, and biodegradable solutions. The forecast period is expected to witness major trends such as antimicrobial, drug-eluting, biocompatible, hydrophilic, and anti-adhesion coatings.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/bio-based-coatings-global-market-report

What Are the Core Competitive Drivers in the Bio-Based Coatings Industry?
The bio-based coatings market is expected to grow in the future due to increasing societal awareness concerning the importance of eco-friendly products. Eco-friendly products refer to goods that cause less harm to the environment during their production. Bio-based coatings are employed in the production of paper packaging items such as paper cups and plates, creating waterproof, sustainable, recyclable, compostable, and biodegradable goods. For example, according to a report from Kelley Blue Book, a US-based Cox Automotive company, in 2023, there were a record 1.2 million car buyers in the United States who opted for electric vehicles. This accounted for 7.6% of the entire U.S. vehicle market, a rise from 5.9% in 2022. Hence, the increasing understanding of environmental responsibility within society is fueling the growth of the bio-based coatings market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7751&type=smp

Which Bio-Based Coatings Market Segment Is Projected to See the Fastest Growth?
The bio-based coatings market covered in this report is segmented -

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

Subsegments:
1) By Ester Solvents: Ethyl Lactate, Butyl Acetate, Methyl Ester Solvents
2) By D-Limonene: Pure D-Limonene, D-Limonene Blends
3) By Alcohols: Ethanol, Isopropanol, Butanol
4) By Glycols and Diols Solvents: Propylene Glycol, Ethylene Glycol, Butylene Glycol
5) By Other Types: Terpene Resins, Bio-Based Polyurethane Coatings, Bio-Based Acrylic Coatings

Which Trends Are Opening New Opportunities in the Bio-Based Coatings Market?
Leading businesses within the bio-based coating market are innovating with products like food packaging coatings, to boost their customer reach, improve sales, and bolster revenue. Essentially, food packaging coating is a unique material used on the exterior surfaces of food packaging substances such as paper, cardboard, plastic, or metal, offering different protective, functional, and decorative benefits. For example, Melodea Ltd., a coating manufacturer from Israel, unveiled MelOx NGen, a novel bio-based food packaging coating, in July 2023. Uniquely, this product features a plant-sourced, water-based formation, designed specifically for application as a coating on the inner surfaces of various plastic food packaging like films, pouches, bags, lids, and blister packs typically used in consumer packaged goods (CPG). When used as a see-through layer within the packaging, this product presents an environment-friendly and cost-effective alternative to petroleum-derived Ethyl Vinyl Alcohol copolymers (EVOH). EVOH, widely used in packaging for its food conservation benefits, is also a popular material for creating met-PET plastic lids.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7751&type=smp

Who Are the Leaders in the Bio-Based Coatings Market?
Major companies operating in the bio-based coatings market include Benjamin Moore & Co., Eco Safety Products, BASF SE, Cargill Incorporated, AkzoNobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Stora Enso OYJ, BioShields, KCC Paints Sdn Bhd, NOROO Paint & Coatings Co.Ltd., Reliance Industries Ltd., Jiangsu Heshili New Material Co. Ltd., Lotte Chemical Corporation, SK Chemicals Co. Ltd., Asahi Kasei Corporation, Axalta Coating Systems, Behr Paint Co., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., Tikkurila Oyj, Valspar Corporation, Bollom Fire Protection, Chugoku Marine Paints Ltd., Cloverdale Paint Inc., Diamond Vogel Inc.

Which Regional Bio-Based Coatings Markets Offer the Greatest Growth Potential?
North America was the largest region in the bio-based coating market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bio-based coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.