Green Coatings Market Positive long-term growth outlook 2018-2025

Green coatings are eco-friendly paint coating with low volatile organic compound (VOC) content. Emission of VOC releases toxics in the surrounding air causing health problems, such as dizziness, headache, kidney damage, and harms the ozone layer. Development of sustainable products has gained importance over the past few decades, due to which manufacturers are focused on introducing eco-friendly products to the market. Manufacturers are aiming to produce high-performance coatings that have zero or low VOC with good durability. Application of green coatings in end-use industries and rising awareness regarding VOC emissions have contributed to the growth of the green coatings market globally.

Request Sample Copy of This Report @ https://www.coherentmarketinsights.com/insight/request-sample/872

Stringent government regulations have immensely driven the green coatings market globally. The first restriction on the emission of VOC was set up for Europe in 2003, which was termed as Restriction of Hazardous Substances Directive (RoHS), which was put forward by Leadership in Energy and Environmental Design (LEED). Since then manufactures are working to produce green coatings, in turn fueling the growth of the green coatings market. Increasing cost of raw materials further increases the cost of green coatings, which is the restraint for the growth of global green coatings market. High investment cost further hinders the growth of green coatings market globally.

Green Coatings Market Outlook

Asia Pacific is the fastest growing region in the green coatings market and is anticipated to have the highest CAGR over the forecast period, owing to the presence of major markets in the economies such as India, China, Japan, Thailand, Malaysia, Vietnam, and Indonesia. The growth of green coatings market in this region is attributed to the growth of end-use industries namely architectural and automotive coatings in this region. The ‘Make in India’ approach taken by the Government of India is expected to propel the growth of manufacturing sector, which is anticipated to drive the green coatings market over the forecast period.

Europe holds the dominant position in green coating market, owing to the economic development and growing population in the economies such as Spain, Italy, and the UK. The UK National Infrastructure Delivery have planned infrastructure projects that include airports and seaports, which in turn is anticipated to fuel the green coatings market over the forecast period.

North America is anticipated to witness a burgeoning growth in the green coatings market, owing to the presence of a large number of manufactures in this region. This is backed by the rising government regulations in this region. The Middle East and Africa are expected to have a significant growth in the green coatings market, owing to the rise in infrastructure industry in these regions.

Various strategies are being put forward by coatings manufacturers, for instance, manufactures of paint are striving to enhance energy system by minimizing consumption of fuel and minimize waste. This is done with the use of renewable raw materials and product packaging improvement with materials that are recyclable and use of biofuel fuel in delivery trucks.

Check the Trending Report of Green coatings Market @ https://www.coherentmarketinsights.com/ongoing-insight/green-coatings-market-872

Soy Bean Oil, Vegetable Oil, Castor Oil, and Milk Paint are some of the eco-friendly components, which are being introduced in the coating materials.

The key companies operating in the global green coatings market include The Sherwin Williams Company, PPG industries, Akzonobel N.V., Axalta Coating System, BASF, Valspar Coporation, Kansai Paint Company Limited, Tikkurila OYJ, and Masco Corporation among others.

Water-borne coatings segment has proven to be the prominent segment of green coatings market, owing to its tremendous use in architectural and constructional activities. High solids coating segment is witnessed to gain traction, due to its increasing application in aerospace.

Architectural coating segment has projected to have a significant growth rate in the global green coatings market, owing to increase in infrastructure spending in commercial and residential sectors.

You may be interested

New Study Reveals Link between Toothpaste Ingredient and Colon Cancer
Healthcare
Healthcare

New Study Reveals Link between Toothpaste Ingredient and Colon Cancer

Mohit Joshi - September 22, 2018

Recent study reported that common compound found in soaps and toothpaste called triclosan can potentially increase risk for developing colon inflammation and cancer Study highlighted effect of…

Hormone Replacement Therapy Market – Latest Advancements & Outlook 2018 to 2026, Global Top Players : Novartis, Abbott, Mylan, Merck KgaA, Bayer, Pfizer, Novo Nordisk, QuatRx, Teva Pharma., Amgen, Eli Lilly
Healthcare
Healthcare

Hormone Replacement Therapy Market – Latest Advancements & Outlook 2018 to 2026, Global Top Players : Novartis, Abbott, Mylan, Merck KgaA, Bayer, Pfizer, Novo Nordisk, QuatRx, Teva Pharma., Amgen, Eli Lilly

Alex Mathew - September 22, 2018

According to a new market research study titled Hormone Replacement Therapy Market to 2026 – Global Analysis and Forecasts by Material Composition, Industries and End Products”, The…

Corporate Wellness Market Segmentation Application Technology & Market Analysis Report, Global Top Players : EXOS, Hooper Holmes, Wellness Corporate Solutions, ComPsych, United Health Group, Sodexo, BupaWellness
Healthcare
Healthcare

Corporate Wellness Market Segmentation Application Technology & Market Analysis Report, Global Top Players : EXOS, Hooper Holmes, Wellness Corporate Solutions, ComPsych, United Health Group, Sodexo, BupaWellness

Albert R - September 22, 2018

According to a new market research study titled Corporate Wellness Market to 2026 – Global Analysis and Forecasts by Material Composition, Industries and End Products”, The report…

Most from this category