Market Research Future published a Half Cooked Research Report on “Global Green
Coating Market Research Report - Forecast to 2023”– Market
Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Axalta Coating System, Allnex S.a r.l., Momentive, Omnova Solutions,
Bayer Material Science, Valspar Corporation, Arkema Inc., Sherwin-Williams
Company, DSM, and PPG Industries are some of the prominent players profiled in
MRFR Analysis and are at the forefront of competition in the global green
coating market.
Global Green Coating Market - Overview
Despite many advances, biomaterial-associated infections continue to be
a major clinical problem. In order to minimize bacterial adhesion, material
surface modifications are currently being investigated and natural products
possess large potential for the design of innovative surface coatings. Since
technology and advanced research has helped with the evolution and development
of better, healthier paint, coating companies are now turning to
environment-friendly ingredients as the main component of their coating
material to improve the health and environment for their consumers and their
employees
Going green has become popular with professionals in the painting
industry, and professionals are keeping up with the interest in green coatings,
both by acknowledging the demand aspect as well as from the perspective of
meeting regulations by specifying the appropriate product. Coating industry
witnesses an increase in the use of eco-friendly materials as a part of green
or sustainable chemistry in last few years owing to increasingly strict
environmental regulations, growth in popularity of green building standards,
and rise in consumer awareness for sustainable products.
Green Coating segmented on the basis of Type (Powder Coatings, Radiation
Cure Coatings, Waterborne Coatings and High Solids Coating). On the basis Type,
Powder technology is expected to grow at rapid pace in the forecasted period,
on account of its superior properties including zero VOC, superior corrosion
resistance, reduced drying time and high-quality finish. Initiatives taken by
the industry players to manufacture environmentally friendly products in order
to comply with regulatory norms including EU's VOC Regulation and U.S. EPA's
Clean Act is expected to propel industry growth. By Application (Industrial,
Architectural, Automotive, Packaging and others.). The architectural
application is the most prevalent and attractive segment owing to increase in
global infrastructure spending for residential & commercial sectors.
Global Green Coating market is growing with the rapid pace; mainly due
to advancement in technologies. The major drivers of growth for this market are
growth in end-use industries, stringent environmental regulations, and growing
awareness towards volatile organic compounds (VOC) emissions. According to a
recent study report published by the Market Research Future, The global market
of Green Coating is booming and expected to gain prominence over the forecast
period. The market is forecasted to demonstrate a stunning growth by 2023,
surpassing its previous growth records in terms of value with a striking CAGR
during the estimated period (2017 – 2023).
Green Coating Market - Competitive Analysis
Green Coating market appears to be competitive with the presence of
several large and small players operating in the Green Coating Market. These
Key players compete based upon pricing, quality, Technology and reputation.
Green Coating market demonstrates a high growth potential which is likely to
attract many entrants to the market resulting in to intensified competition
further. Moreover, manufacturers mainly ensure to deliver the best quality
products based on innovative technologies, and best practices.
Industry Overview:
The industry is highly competitive owing to the presence of several
international players including PPG Industries, AkzoNobel NV, Sherwin-Williams,
Evonik Industries and Eastman Chemical Company. These players are focusing on
increasing their share along with profitability through product innovation,
R&D activities, mergers, and acquisition.
Green Coating Market - Segments:
Global Green Coating Market is segmented in to 3 Key dynamics for an
easy grasp and enhanced understanding.
Segmentation by Type: Powder
Coatings, Radiation Cure Coatings, Waterborne Coatings and High Solids Coating
Segmentation by Application: Industrial, Architectural, Automotive, Packaging
and others.
Segmentation by Regions: Comprises Geographical regions - North
America, Europe, APAC and Rest of the World.
Green Coating Market - Regional Analysis
Asia-Pacific is expected to witness the highest growth and will remain
the largest market during the forecast period, supported by growth of end-use
industries and increasing awareness of the benefits of green coatings. Asia
Pacific is expected to witness highest growth and will remain the largest
market during the forecast period supported by growth of end use industries and
increasing awareness about the benefits of green coatings market. Moreover,
emerging trends, which have a direct impact on the dynamics of the green
coatings industry, include the increasing use of ultraviolet curing coating,
and use of plant-based sources to develop wood coatings.
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