Green Coatings Market 2022-2027: Global Size, Share, Growth, Price Trends and Forecast
SHERIDAN, WY, USA, June 28, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Green Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022 -2027” The global green coatings market size reached a value of US$81.7 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$107.5 billion by 2027, growing at a CAGR of 4.76% in 2022-2027.
Green coatings are environmentally friendly paints that release virtually no volatile organic compounds (VOCs) during their production process. Some of the commonly available variants include high solids, powder, water-based, UV-curable, etc. coatings. Green coatings are made from soy, castor oil, milk, clay, vegetable oil, etc. These paints reduce the harmful effects of UV and infrared radiation and also improve the overall efficiency of many equipment. As a result, green coatings find many applications in various sectors, such as construction, automotive, oil and gas, aviation, architecture, industry, mining, aerospace, navy, etc.
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Green Coatings Market Trends and Drivers:
The growing demand for products in the construction industry to be used on walls, panels, windows, roofs, door frames, interior extrusions, etc., to protect and decorate them is mainly driving the green coatings market. Additionally, the increasing requirement for green coatings in several consumer goods including dryer drums, rooftop heating, furnace components, ventilation, electronics enclosures, furniture, light fixtures, etc., is increasing further market growth. Apart from this, increasing innovations by leading manufacturers such as the development of radiation curable coatings using low energy electrons (EB) are also catalyzing the global market. Additionally, growing environmental awareness among individuals and increasing need for block-resistant and VOC-free powder and water-based paints are expected to bolster the green coatings market in the coming years.
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Green Coatings Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., Koninklijke DSM NV, Nippon Paint Holdings Co. Ltd., PPG Industries Inc and The Sherwin- Williams Company.
The report has segmented the market based on type, deployment, application, and vertical.
The report has segmented the market based on region, type and application.
Breakdown by type:
Breakdown by application:
Breakdown by region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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