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Green Coatings Market by Type (Waterborne Coatings, Powder Coatings, High-Solids Coatings, and Radiation Cure Coatings) and Application (Architectural Coatings, Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, and Other Coatings) - Global Opportunity Analysis and Industry Forecast, 2017-2023

Green Coatings Market by Type (Waterborne Coatings, Powder Coatings, High-Solids...

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Green Coatings Market by Type (Waterborne Coatings, Powder Coatings, High-Solids Coatings, and Radiation Cure Coatings) and Application (Architectural Coatings, Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, and Other Coatings) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Green Coatings Market by Type...
Report Code
RO5/113/1091

Publish Date
01/Jul/2017

Pages
180
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The global green coatings market is projected to reach at $118,990 million by 2023 from $80,010 million in 2016, growing at a CAGR of 5.8% from 2017 to 2023. Green coatings are usually harmless materials with reduced or no volatile organic compound (VOC) emissions, thus, facilitating manufacturers to deal with strict environmental rules imposed by the government & other regulatory bodies. Traditional solvent coating contains toxic ingredients, primarily, VOCs such as benzene, formaldehyde, and others, which cause serious environmental damage and result in human health problems. Some of its adverse effects include ozone depletion, air pollution, headache, kidney problem, breathing disorder, dizziness, allergic reactions, and more. Also, certain non-green coatings are reported to be carcinogenic with added possibility of neurological damage as per World Health Organization (WHO) and Danish researchers. Hence, green coating is an environment friendly approach to battle pollution and health hazards caused by conventional solvent-based coatings.

Strict environmental regulations imposed by government and rise in awareness & health concerns among people regarding the drawbacks of traditional solvent based coatings drive the market growth. Apart from that, new technological advancement coupled with high economic growth rate in different regions are other factors that support the growth of the market. However, volatility in cost and availability of raw materials mark the rise in the price of green coatings, which in turn limits the market growth. Moreover, new product development and increase in use of radiation cure coatings make way for growth opportunities for the market.

The global green coatings market is segmented on the basis of type, application, and geography. By type, the market is categorized into waterborne coatings, powder coatings, high-solids coatings, and radiation cure coatings. Different applications of the market include architectural coatings, industrial coatings, automotive coatings, wood coatings, packaging coatings, and others (aerospace coatings & product finishes). On the basis of geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players in this study are as follows:

AkzoNobel NV
Asian Paints Limited
Axalta Coating System
BASF SE
Berger Paints India Limited
Deutsche Amphibolin Works Se (Daw)
Hempel A/S
Jotun A/S
PPG Industries
The Sherwin-Williams Company

KEY MARKET BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global green coatings market.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Detailed analysis of the industry based on the type and application help understand the trending product type and potential applications.
Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.

KEY MARKET SEGMENTS

By Type

Waterborne Coatings
Powder Coatings
High-Solids Coatings
Radiation Cure Coatings

By Application

Architectural Coatings
Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Other Coatings

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
KSA
Rest of LAMEA

OTHER KEY PLAYERS

Kansai Paint Company Limited
Masco Corporation
Valspar Corporation
Rpm International Inc.
Tikkurila OYJ
Nippon Paint
Chimar Hellas S.A.
Walter Wurdack Inc.
GLOBAL Encasement, Inc.

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