ID: MRFR/CnM/1485-HCR | February 2023 | Region: Global | 140 Pages
Report Attribute/Metric | Details |
---|---|
Market Size |
|
CAGR | 8.1% |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, End-Use Industry and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | AkzoNobel NV (Netherlands), Asian Paints (India), BASF SE (Germany), Berger Paints India Limited (India), Jotun (Norway), PPG Industries Inc. (US), The Sherwin-Williams Company (US), Kansai Paint Co. Ltd (Japan), Masco Corporation (US), Valspar (US), RPM International Inc. (US), Tikkurila OYJ (Finland), Nippon Paint Holdings Co., Ltd (Japan), AXALTA (US), Walter Wurdack Inc. (US), GLOBAL Encasement, Inc. (US), and Daw SE (Germany). |
Key Market Opportunities | As consumers are getting aware about the health risk from the exposure of VOCs, which is fueling the demand for the green coatings in the market. |
Key Market Drivers | The growing trend towards the need of reducing the VOCs in the paints and the government regulations being more rigid towards the VOCs laws |
The global green coatings market was valued at USD 87.46 billion in 2018.
The global green coatings market is expected to exhibit a solid 8.1% CAGR over the forecast period from 2022-2030.
The increasing awareness about the environmental damage caused by conventional coatings is the major driver for the global green coatings market.
Waterborne coatings hold the highest share in the global green coatings market.
The global green coatings market is dominated by architectural coatings.