The
global green coatings
market is expected to reach USD 209.2
billion by 2025, according to a new report by Grand View Research, Inc. The
market is expected to witness a CAGR of 6.9% over the forecast period, Owing to
Increasing product penetration in construction and automotive application to
replace high VOC emitting solvent based coatings is likely to drive industry growth.
The
industry is highly competitive owing to the presence of several international
players including PPG Industries, AkzoNobel NV, Sherwin-Williams, Evonik
Industries and Eastman Chemical Company. These players are focusing on
increasing their share along with profitability through product innovation,
R&D activities, mergers, and acquisition.
U.S. green coatings market by technology, 2014
- 2025 (USD Million)
Strong foothold of the existing players, extensive
product offerings and wide geographical reach is expected to be the key barrier
for the emerging manufacturers. The majority of the industry players are
integrated across the value chain in order to reduce their dependency on the
raw material suppliers and increase profitability.
To view
summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/green-coatings-market
www.grandviewresearch.com/industry-analysis/green-coatings-market
Further key
findings from the report suggest:
· Waterborne technology dominated the industry in 2016 and
is likely to grow at a CAGR of 6.8% from 2017 to 2025 owing to its rising
consumer preference towards environmental friendly products in architectural
and automotive applications
· Powder technology is expected to grow at CAGR of 7.2%
from 2017 to 2025, on account of its superior properties including zero VOC,
superior corrosion resistance, reduced drying time and high-quality finish
· In 2016, automotive application for UV cured technology
accounted for 23.4% and is expected to grow at a significant rate owing to
rising product demand for manufacturing sunroof seals, window seals, and paint
touch up applications
· Asia Pacific accounted for 33.4% of overall green
coatings market share in 2016 and is expected to grow at the fastest rate owing
to rapid growth of automotive construction industry in economies including
India and China
· Europe has been a major consumer for waterborne paints
owing to the stringent government regulation, early adoption of the technology
and high consumer awareness regarding the product benefits
· Initiatives taken by the industry players to manufacture
environmentally friendly products in order to comply with regulatory norms
including EU’s VOC Regulation 2004/42/EC and U.S. EPA’s Clean Act is expected
to propel industry growth
· In July 2017, AkzoNobel acquired Flexcrete Technologies
Ltd. And Disa Technology in order to expand the company business in aerospace,
industrial and automotive coatings. In addition, the company acquired
industrial coatings business line of BASF SE in December 2015 in order to
strengthen company roots in coating industry
View more reports of this category by Grand View
Research at:
Grand View Research
has segmented the green coatings market on the basis of technology, and
regions:
Green Coatings Technology Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Waterborne Coatings, By Application
o
Architectural
o
Industrial coatings
o
High Performance
o
Automotive
o
Wood Coating
o
Packaging
o
Others
·
Powder Coatings, By Application
o
Consumer Goods
o
Architectural
o
Automotive
o
General Industries
o
Furniture
o
Others
·
High Solid Coatings, By Application
o
Industrial
o
Automotive
o
Aerospace
o
Packaging
o
Others
·
UV Cured Coatings, By Application
o
Industrial
o
Automotive
o
Wood Coating
o
Packaging
o
Others
Green Coatings Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-glucosamine-market
www.grandviewresearch.com/press-release/global-glucosamine-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
