Green Coatings Market by coating Type (Waterborne Coatings, Powder Coatings, High-Solids Coatings, and Radiation Cure Coatings) By Application (Architectural Coatings, Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, and Other Coatings) and by (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is estimated to reach approximately US$ 150 Bn by 2026 at a CAGR of about 7 % during a forecast 2018-2026.
Green coating are environmentally friendly coatings emits low or no VOCs. Green coating includes powder coating, high solids coating, radiation cure coating and water borne coating. Stringent regulation enacted by EPA concerned with VOC is expected to propel demand. Rising demand for waterborne and powder coating to substitute solvent borne coatings especially in the industrial and automotive application is expected to drive green coating market growth. Manufacturers are focused to produce high-performance coatings that have non-solvent borne technology and zero or minimum VOC (Volatile organic component) with good durability.
High solids coating fragment is dominating the Green Coatings Market
High solids coating employs low solvent content resulting into low VOCs emission. A major benefit of high solids systems is the ability to use existing production equipment. High solids systems can be processed using the same production equipment as traditional systems with minor adjustments, saving formulators time and money.
Architectural section dominates Green Coatings Market
Architectural section is mainly driven by the highly growing Asia-Pacific, and rest of the globe regions. New product developments in high amount and acquisitions are made by different market players to serve the applications in the future. Asia-Pacific region is the major in the architectural coatings market that accounted for one third of market.
North America region dominate green coatings market
North America region dominate green coatings market due to rapid growth in construction activities. Number of housing and commercial activity rate has increased in this region after the recovery of crisis which will boost the industry growth.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Eastman Chemical Company, AkzoNobel, PPG Industries, Jotun, Kansai Paint, Nippon Paint, Axalta Coating Systems, BASF SE, Valspar Corporation, Sherwin-Williams, and Royal DSM, Masco Corporation, Rpm International Inc., Tikkurila OYJ, Chimar Hellas S.A., Walter Wurdack Inc., and GLOBAL Encasement, Inc., Sherwin Williams Company, Axalta Coating System, BASF.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global Green Coatings Market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Green Coatings Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Green Coatings Market positioning of competitors.
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