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Green Coatings Market Size Expected to Reach US$ 107.5 Billion by 2027

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Green Coatings Market Size Expected to Reach US$ 107.5 Billion by 2027

February 02
05:16 2023
Green Coatings Market Size Expected to Reach US$ 107.5 Billion by 2027
Green Coatings Market
The global green coatings market reached a value of US$ 81.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 107.5 Billion by 2027, exhibiting a CAGR of 4.76% during 2022-2027.

According to the latest report by IMARC Group, titled “Green Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″offers a comprehensive analysis of the industry, which comprises insights on the global green coatings market share. The global green coatings market reached a value of US$ 81.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 107.5 Billion by 2027, exhibiting a CAGR of 4.76% during 2022-2027.

Green Coatings Market Industry Definition and Application:

Green coatings are eco-friendly and volatile organic compounds (VOCs) free coatings prepared using vegetable oil, soybean, castor oil, and milk. They are block-resistant and non-toxic as compared to traditional solvent-borne coatings. They aid in protecting the exterior of buildings from the harmful impact of infrared and ultraviolet (UV) radiation and help in extending their service life. At present, they are widely used in construction, automotive, oil and gas, mining, aerospace, and marine industries across the globe.

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Green Coatings Market Trends and Drivers:

The growing global population, rapid urbanization, rising inadequacy of vegetation and a significant rise in the use of asphalt in road construction are resulting in the urban heat island (UHI) effect. This effect increases the cost of air conditioning and electricity expenditure for building owners. As a result, there is an increase in the use of the green coatings to reflect infrared radiation and counter the UHI effect. Apart from this, the increasing applications of green coatings on various consumer products, such as oven components, electronic boxes, and furniture, are creating a favorable market outlook. Furthermore, due to rising environmental concerns, governments of various countries are focusing on sustainable solutions, which is stimulating the growth of the market around the world.

Green Coatings Market Segmentation:

The report has segmented the market on the basis on region, type and application.

Breakup by Type:

  • Waterborne
  • Powder
  • High Solid
  • UV Cured

Breakup by Application:

  • Architectural Coatings
  • Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Packaging Coatings
  • Others

Breakup 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

Who are the Major Green Coatings Market Key players?

The report provides a detailed analysis of the market leaders, including.

Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., Koninklijke DSM N.V., Nippon Paint Holdings Co. Ltd., PPG Industries Inc and The Sherwin-Williams Company.

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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