Need help finding what you are looking for?
Contact Us
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1286704
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1286704
Green Coatings Market Share, Size, Trends, Industry Analysis Report, By Technology (Waterborne, Powder, High-solids, and Radiation-cure); By Application; By Region; Segment Forecast, 2023 - 2032
PUBLISHED:
PAGES: 116 Pages
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
The global green coatings market size is expected to reach USD 186.17 billion by 2032, according to a new study by Polaris Market Research. The report "Green Coatings Market Share, Size, Trends, Industry Analysis Report, By Technology (Waterborne, Powder, High-solids, and Radiation-cure); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapidly growing environmental consciousness especially among the masses and high demand and proliferation for powder-based and waterborne coatings from a wide range of end-user industries, as these coatings are VOC-free, not harmful for health & environment, and block resistant more effectively compared to traditional coatings, are key factors expected to boost the market growth over the study period.
In addition, several product innovations like radiation curable coatings and surging adoption of advanced manufacturing technology worldwide are likely to open new growth opportunities for the market.
For instance, in January 2023, Allnex introduced "CRYLCOAT 2406-2". The product is mainly designed to meet the growing consumer needs for the industrial outdoor grade, which would be cured by both TGIC & HAA-all. It comes with excellent matting efficiency, mechanical properties, & good weathering for outdoor industrial applications.
A few years later, green coatings were termed as only eco-friendly natural coatings that emit almost zero VOCs during the production process, but this mindset has been completely changed and extended to the sustainability aspects. Now, manufacturers and major suppliers are also looking to effectively impact the entire value chain and consider the societal impact of their activities. With the growing concerns related to climate and sustainability, we can expect that these practices would lead to more product and process innovations.
For instance, In December 2022, Evonik's announced that they developed a multi-functional additive for the formulation of powder coatings named TEGO Aid D01, which is likely to make dispersion easier by promoting the pigment wetting & effectively reducing the melting viscosity. It further offers a wide range of beneficial features for formulators for a variety of coating systems and acts as a synergist with other additives.
However, green coatings usually undergo a very complex process to become completely environmentally friendly, that result in increased prices upon reaching the final stage users are not willing to pay an increased amount as there are alternatives available at cheap cost, which may hinder the global market growth.
Green Coatings Market Report Highlights:
- Waterborne segment accounted for global market share in 2022, on account of growing proliferation of innovative production methods and growing investment in infrastructure development across regions.
- Automotive segment dominated the global market in 2022, which is mainly accelerated by a rapid increase in the demand for automobiles all over the world.
- Asia Pacific region is expected to grow at a high CAGR over the projected period owing to the increased demand for consumer goods and high prevalence of infrastructure development in emerging nations like China and India.
- The global key market players include Axalta Coating Systems, Chimar Hellas S.A., Berger Paints India Limited, Sherwin-Williams, PPG Industries, and AkzoNobel N.V.
Polaris Market Research has segmented the green coatings market report based on technology, application, and region:
Green Coatings, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
- Waterborne
- Powder
- High-solids
- Radiation-cure
Green Coatings, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Architectural
- Automotive
- Industrial
- High-Performance
- Wood
- Packaging
- Product Finishes
- Others
Green Coatings, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3118
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Green Coatings Market Insights
- 4.1. Green Coatings Market - Industry Snapshot
- 4.2. Green Coatings Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Advantages of green coatings in the construction industry
- 4.2.1.2. Increase in building and construction industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Disadvantages of waterborne coatings in construction industry
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Green Coatings Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Green Coatings Market, by Technology
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Green Coatings, by Technology, 2019-2032 (USD Billion)
- 5.3. Waterborne
- 5.3.1. Global Green Coatings Market, by Waterborne, by Region, 2019-2032 (USD Billion)
- 5.4. Powder
- 5.4.1. Global Green Coatings Market, by Powder, by Region, 2019-2032 (USD Billion)
- 5.5. High-solids
- 5.5.1. Global Green Coatings Market, by High-solids, by Region, 2019-2032 (USD Billion)
- 5.6. Radiation-cure
- 5.6.1. Global Green Coatings Market, by Radiation-cure, by Region, 2019-2032 (USD Billion)
6. Global Green Coatings Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 6.3. Architectural
- 6.3.1. Global Green Coatings Market, by Architectural, by Region, 2019-2032 (USD Billion)
- 6.4. Automotive
- 6.4.1. Global Green Coatings Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 6.5. Industrial
- 6.5.1. Global Green Coatings Market, by Industrial, by Region, 2019-2032 (USD Billion)
- 6.6. High-Performance
- 6.6.1. Global Green Coatings Market, by High-Performance, by Region, 2019-2032 (USD Billion)
- 6.7. Wood
- 6.7.1. Global Green Coatings Market, by Wood, by Region, 2019-2032 (USD Billion)
- 6.8. Packaging
- 6.8.1. Global Green Coatings Market, by Packaging, by Region, 2019-2032 (USD Billion)
- 6.9. Product Finishes
- 6.9.1. Global Green Coatings Market, by Product Finishes, by Region, 2019-2032 (USD Billion)
- 6.10. Others
- 6.10.1. Global Green Coatings Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Green Coatings Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Green Coatings Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Green Coatings Market - North America
- 7.3.1. North America: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.3.3. Green Coatings Market - U.S.
- 7.3.3.1. U.S.: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.3.4. Green Coatings Market - Canada
- 7.3.4.1. Canada: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4. Green Coatings Market - Europe
- 7.4.1. Europe: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.3. Green Coatings Market - UK
- 7.4.3.1. UK: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.4. Green Coatings Market - France
- 7.4.4.1. France: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.5. Green Coatings Market - Germany
- 7.4.5.1. Germany: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.6. Green Coatings Market - Italy
- 7.4.6.1. Italy: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.7. Green Coatings Market - Spain
- 7.4.7.1. Spain: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.8. Green Coatings Market - Netherlands
- 7.4.8.1. Netherlands: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.4.9. Green Coatings Market - Russia
- 7.4.9.1. Russia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5. Green Coatings Market - Asia Pacific
- 7.5.1. Asia Pacific: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5.3. Green Coatings Market - China
- 7.5.3.1. China: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5.4. Green Coatings Market - India
- 7.5.4.1. India: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5.5. Green Coatings Market - Malaysia
- 7.5.5.1. Malaysia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5.6. Green Coatings Market - Japan
- 7.5.6.1. Japan: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5.7. Green Coatings Market - Indonesia
- 7.5.7.1. Indonesia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.5.8. Green Coatings Market - South Korea
- 7.5.8.1. South Korea: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.6. Green Coatings Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.6.3. Green Coatings Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.6.4. Green Coatings Market - UAE
- 7.6.4.1. UAE: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.6.5. Green Coatings Market - Israel
- 7.6.5.1. Israel: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.6.6. Green Coatings Market - South Africa
- 7.6.6.1. South Africa: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.7. Green Coatings Market - Latin America
- 7.7.1. Latin America: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.7.3. Green Coatings Market - Mexico
- 7.7.3.1. Mexico: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.7.4. Green Coatings Market - Brazil
- 7.7.4.1. Brazil: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- 7.7.5. Green Coatings Market - Argentina
- 7.7.5.1. Argentina: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. AkzoNobel N.V
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. PPG Industries
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Axalta Coating Systems
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. BASF SE
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. The Sherwin-Williams
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Valspar Corporation
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Royal DSM
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Kansai Paint
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Nippon Paint
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Koninklijke DSM N.V
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Hempel A/S
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Chimar Hellas S.A
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Eastman Chemical Company
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Berger Paints India Limited
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Sika AG
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Masco Corporation
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. RPM International Inc
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
- 9.18. Water Wurdack Inc
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Product Benchmarking
- 9.18.4. Recent Development
- 9.19. Henkel AG & Co., KGaA
- 9.19.1. Company Overview
- 9.19.2. Financial Performance
- 9.19.3. Product Benchmarking
- 9.19.4. Recent Development
Product Code: PM3118
List of Tables
- Table 1 Global Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 3 Green Coatings Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 6 U.S.: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 8 Canada: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 10 Europe: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 12 UK: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 14 France: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 16 Germany: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 18 Italy: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 20 Spain: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 22 Netherlands: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 24 Russia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 28 China: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 30 India: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 32 Malaysia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 34 Japan: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 36 Indonesia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 38 South Korea: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 44 UAE: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 46 Israel: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 48 South Africa: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 50 Latin America: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 52 Mexico: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 54 Brazil: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
- Table 56 Argentina: Green Coatings Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Green Coatings Market, by Technology, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Green Coatings Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Green Coatings Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Market by Technology
- Figure 9 Global Green Coatings Market, by Technology, 2022 & 2032 (USD Billion)
- Figure 10 Green Coatings Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Green Coatings Market
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.