Green Coatings Market Size, Innovation Landscape, and Global Forecast to 2030

Advantages of eco-friendly formulations in construction and rising demand for premium infrastructure projects are propelling the growth of the global green coatings market.
According to a report published by Allied Market Research, titled "Green Coatings Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global green coatings market was valued at $67.3 billion in 2020 and is projected to reach $104.0 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/2569

Market Drivers, Restraints, and Opportunities:-

Drivers:

The increasing adoption of green coatings in the construction industry, coupled with rapid urbanization and high-end infrastructure developments, significantly drives market growth. Growing awareness regarding environmental sustainability and stringent regulations limiting VOC emissions further support the demand for eco-friendly coating solutions.

Restraints:

However, certain performance-related limitations and higher costs associated with waterborne coatings in specific building applications may restrain market expansion to some extent.

Opportunities:

Emerging waste management solutions and supportive government initiatives promoting waterborne coatings-particularly across Asia-Pacific-are expected to create lucrative growth opportunities in the coming years.

Segment Insights:-

By Type:

- Waterborne Coatings dominated the market in 2020, accounting for more than three-fourths of the total share, owing to their low VOC emissions and eco-friendly properties.

- Radiation Cure Coatings are projected to register the fastest CAGR of 6.4% during the forecast period, driven by increasing R&D activities and advancements in curing technologies.

By Application:

- Architectural Coatings held the largest share in 2020, contributing more than two-fifths of the global market.

- The same segment is expected to grow at the fastest CAGR of 4.7% through 2030, supported by growth in residential and commercial construction and stringent environmental regulations promoting sustainable materials.

Regional Outlook:

- led the global market in 2020, followed by Asia-Pacific and North America, accounting for nearly one-third of the overall market share. Strong regulatory frameworks limiting VOC emissions have significantly driven adoption across the region.

- Asia-Pacific is expected to witness the fastest growth, with a projected CAGR of 5.2% by 2030, due to rapid industrialization, infrastructure expansion, and favorable government initiatives promoting green building standards.

Key Market Players:-

Leading companies operating in the global green coatings market include:

- Arkema Group
- Asian Paints Limited
- Axalta Coating Systems Ltd.
- Akzo Nobel N.V.
- PPG Industries
- Lifetime Green Coatings
- The Sherwin-Williams Company
- BASF SE
- Berger Paints India Limited
- Jotun A/S

With rising environmental consciousness, strict emission regulations, and rapid construction activities worldwide, the green coatings market is poised for steady and sustainable growth through 2030.

Obtain Report Details: https://www.alliedmarketresearch.com/green-coatings-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.