Green Coatings Market By Reports And Data
Green Coatings Market To Reach
USD 219.24 Billion By 2027
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Market Summary
An increase in the demand for waterborne and powder
technologies for the replacement of solvent-borne coatings are
driving the market demand.
Market Size – USD 138.54 Billion in 2019, Market Growth - CAGR
of 6.3%, Market Trends –Increased demand from developing
nations.
The global Green Coatings Market is forecast to reach USD
219.24 Billion by 2027, according to a new report by Reports and
Data. The market is finding applications in the developed as well
as developing nations owing to the increasing environmental
regulations. The continuous growth in concern regarding the
impact of the volatile organic compounds on the environment
has led environment agencies to force manufacturers to reduce
their VOC content in their product. Thus, there is an increase in
demand for green coatings from end-users.
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The increasing application of these types of coatings in architecture is also encouraging demand. Major
factors encouraging the growth of the market in developing nations are increasing government support for
the extension of urban development and a rise in the standard of living, which in turn increases the
demand for safe and comfortable living and rising population. Factors affecting the green coatings are the
rising price for raw material, and their volatility is expected to hinder the market growth. Furthermore, the
raw material industry of the green coating market is on the verge of consolidation that intensify the
bargaining power of suppliers and affects the market growth negatively.
The Asia Pacific region will experience the fastest CAGR due to increased government involvement for the
development and beautification of infrastructure, which will positively impact market growth. India, China,
and Japan are significantly contributing to the increasing demand of the market in the region.
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Key participants include PPG Industries, BASF SE, The Sherwin-Williams Company, AkzoNobel N.V., Kansai Paint
Company Limited, The Valspar Corporation, Nippon Paint Company Ltd., Arkema SA, Asian Paints Limited, and
Evonik Industries, among others.
For the purpose of this report, Reports and Data have segmented the global Green Coatings Market on the basis
of type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
• Powder
• Water-Borne
• UV-cured coatings
• High-solids
Application Outlook (Revenue, USD Billion; 2017-2027)
• Industrial Coatings
• Wood Coatings
• Architectural Coatings
• Packaging Coatings
• Automotive Coatings
• Others
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Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
• Online
• Offline
Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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About Us
A b oOuutr U Aspproach
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