Bio-based Coatings Market

Bio-based Coatings Market - Forecast to 2024

Report Code: CH 7449 Mar, 2020, by

The study involved four major activities in estimating the current market size of Bio-based Coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the Bio-based Coatings market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The Bio-based Coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the packaging & paper, construction, woodworking, and medical applications. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Bio-based Coatings Market

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Bio-based Coatings market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the Bio-based Coatings market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market based on type and application
  • To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, Middle East & Africa, and South America
  • To estimate and forecast the Bio-based Coatings market at the country-level in each of the regions
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze the competitive developments, such as investment & expansion and merger & acquisition, in the Bio-based Coatings market
  • To strategically identify and profile the key market players and analyze their core competencies

Scope of the Report

Report Metric


Years considered for the study


Base year


Forecast period


Units considered

Value (USD Million) and Volume (Kiloton)


Resin Type and Application


APAC, North America, Europe, Middle East & Africa, and South America


PPG Industries (US), Akzo Nobel N.V. (Netherlands), Sherwin-Williams Company (US).
A total of 10 players are covered.

This research report categorizes the Bio-based Coatings market based on type, application, and region.

Based on Resin Type:

  • Acrylic  
  • Alkyds  
  • Epoxy  
  • Polyester          
  • Urethane          
  • Others 

Based on application:

  • Automotive       
  • Wood  
  • Paper   
  • Building & construction 
  • Food packaging
  • Others 

Based on region:

  • APAC
  • North America
  • Europe
  • Middle East & Africa
  • South America

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the Bio-based Coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Markets Covered
    1.3 Stakeholders
    1.4 Market Scope

2 Research Methodology
    2.1 Description of the Bio-Based Coatings Demand Model
    2.2 Market Size Estimation
    2.3 Market Crackdown & Data Triangulation
    2.4 Market Share Estimation
           2.4.1 Key Data Taken From Secondary Sources
           2.4.2 Key Data  From Primary Sources
           Key Industry Insights
           2.4.3 Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges

6 Industry Trends
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Buyers
           6.2.4 Bargaining Power of Suppliers
           6.2.5 Degree of Competition

7 Bio-Based Coatings Market, By Resin Type
    7.1 Introduction
    7.2 Acrylic
    7.3 Alkyds
    7.4 Epoxy
    7.5 Polyester
    7.6 Urethane
    7.7 Others

8 Bio-Based Coatings Market, By Application
    8.1 Introduction
    8.2 Automotive
    8.3 Wood
    8.4 Paper
    8.5 Building & Construction
    8.6 Food Packaging
    8.8 Others

9 Bio-Based Coatings Market, By Region
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Rest of APAC
    9.3 North America
           9.3.1 US
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 Italy
           9.4.4 Russia
           9.4.5 Turkey
           9.4.6 Rest of Europe
    9.5 South America
           9.5.1 Brazil
           9.5.2 Colombia
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape
     10.1 Overview
     10.2 Investment & Expansion
     10.3 Mergers & Acquisitions
     10.4 New Product Launches
     10.5 Agreements, Partnerships, Collaborations & Joint Ventures

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, and MnM View)
     11.1 Introduction
     11.2 Ica Group
     11.3 Ecoprocote
     11.4 Croda International PLC
     11.5 PPG
     11.6 Akzonobel 
     11.7 Sherwin-Williams
     11.8 Nippon Paint
     11.9 Benjamin Moore & Co.
     11.1 Company 9
     11.11 Company 10

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Report Code
CH 7449
Published ON
Mar, 2020
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