The report “Green Coatings Market by Technology (Waterborne, Powder, High-solids, Radiation-Cure), Application (Architectural, Automotive, Industrial, High-Performance, Wood, Packaging, Product Finishes) and Region – Global Forecast to 2027″, Green coatings market size is projected to reach USD 155.9 billion by 2027 from USD 123.6 billion in 2022 growing at a CAGR of 4.8%.
Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1260
Wood coatings is the second fastest-growing segment of the overall Green coatings market.
Green wood coatings are setting a high standard in the industry for being highly sustainable, quality products. They provide high hardness, chemical resistance, and light resistance, along with environmentally friendly industrial processability. Water-based wood coatings offer faster drying times as compared to solvent-based coatings. Polishes and water repellents are among the most commonly used wood coatings due to their high effectiveness. They are supposed to provide greater non-yellowing properties.
The use of powder coatings on wood is growing significantly. By developing powders with low-heat requirements and a uniform-density wood product, wood manufacturers and their customers are now able to powder-coat a wide range of wood products. Manufacturers of home-office furniture, kitchen cabinets, childrens furniture, and outdoor grill tables have identified the importance of green coatings considering their various health-related benefits.
China is the largest Green coatings market in Asia Pacific during the forecast period.
China is the world’s largest producer and consumer of coatings. Many major players are investing in the country to build new manufacturing facilities due to cheap labor and cheap & accessible raw materials. AkzoNobel N.V. has strengthened its distribution network in Mainland China by expanding into 40 new cities and 1,000 additional stores. The green coatings market in China is driven by rising demand from housing activities, new construction and renovation activities, government, and private investment in residential and non-residential projects, and growing consumer spending power. Increasing population, improved lifestyle, economical labor, and restructured environmental regulations are expected to fuel the demand for architectural application in China.
Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=1260
The key players profiled in the Green coatings market report are AkzoNobel N.V. (Netherlands), PPG Industries (US), Axalta Coating Systems (US), BASF SE (Germany), and The Sherwin-Williams Company (US).
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/green-coatings-market-1260.html