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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Green Coatings Market Share by End Use
The architectural sector occupies a significant portion of the green coatings market share, owing to the growing awareness regarding the harmful effects of VOC-based paints. There is also a rise in the demand for eco-friendly paints and coatings during the construction of buildings, due to their lower environmental impact compared to conventional paints and coatings.
Subsequently, the automotive sector is expected to witness sizeable growth in the foreseeable future, due to the surge in the production of electric vehicles and the growing trend of sustainability.
Global Green Coatings Market Share by Region
As per the green coatings market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to the growing adoption of environmentally friendly paints and coatings in the region. Stringent government regulations and initiatives regarding VOC emission and pollution control are further augmenting the market growth.
The surge in the construction and automotive sectors of the region also offers ample opportunities for the market growth. Additionally, research and developmental efforts by market players to enhance the properties of green coatings fuel the market development.
Green Coatings Market Report Snapshots
Green Coatings Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 108.78 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 164.94 billion by 2032.
The major market drivers are the growth of the construction sector, stringent regulatory standards regarding the usage of VOC-based paint and coatings, and growing awareness regarding the harmful effects of VOC.
The key trends of the market include the growing usage of water-based coatings, increased prominence of UV-curable coating, the surge in demand for green or bio-derived resins, and the advent of radiation cure technology in coatings.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various types are water-borne, powder, high-solids, and UV-cured coatings.
The key players in the market are Akzo Nobel N.V., PPG Industries, Inc., Solvay SA, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Evonik Industries AG, The Sherwin-Williams Company, Arkema SA, DAW SE, and Lifetime Green Coatings, among others.
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Australia
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124