Green Coatings Market

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

Report Code: CH 2134 Oct, 2022, by marketsandmarkets.com

Updated on : January 30, 2023

Green Coatings Market Size

The global green coatings market size was valued at USD 123.6 billion in 2022 and is projected to reach USD 155.9 billion by 2027, growing at a cagr 4.8% from 2022 to 2027. The architectural, by application segment in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for green coatings.

Attractive Opportunities in the Green Coatings Market

Green Coatings Market

Note: e – estimated, p - projected

Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis

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Green Coatings Market Dynamics

Drivers: Increasing focus on health and sustainability brings “going green” idea into greater limelight

With growing awareness regarding the harmful effects of VOC emissions and increasing global warming, supported by the aforementioned regulations, there has been a gradual shift in demand from solvent-borne coatings to environment-friendly products, such as waterborne, powder coatings, high solids, and UV-curable coatings, since these products contain fewer solvents that evaporate during the curing phase. Powder coating has gained substantial popularity, since it releases negligible VOCs, if any, into the atmosphere, and contains no solvents. This market is achieving rapid growth due to the development of new products, new formulations, and advancements in the application processes. Over the forecast period, Asia Pacific is projected to be the largest as well as the fastest-growing market for green coatings. This can be attributed to the rapidly-growing automotive and construction industries in the region.

Restraints: Availability and cost of specialized raw materials needed for green coatings

Rising awareness around issues like global warming, climate change, and individual health, are pushing the demand for green coatings with minimal or no solvent content, but there are several hurdles to be overcome by this sector, before it can compete with fossil-based coatings. There are a number of factors to look over. On the economic front, the cost of renewable materials used is much higher compared to petrochemical products. Green coatings undergo a complex process to become environment friendly, which increases their cost on reaching their final stage. Users are hesitant while paying an increased amount when other alternatives are available at a much lower rate.

Opportunities: Rising demand for renewable raw materials  

Many manufacturers are looking to reduce their carbon footprint as per regulations and receive benefit from government incentives for the use of renewable resources. Also, green materials offer consistent availability, and do not show the price volatility as exhibited by oil and its derivatives. Different resins manufacturers offer alkyds, acrylics, and other resins derived from bio sources to increase the performance of green coatings over traditional coating technologies.

Challenges: To develop synthetic technologies that possess little or no toxicity to human health and environment

Green chemistry can be applied to design environmentally benign synthetic protocols, to produce environmentally-friendly coatings. The use of “green” solvents and industrial reactions have been applied to numerous industrial processes to reduce toxicity by a large extent, which is very challenging. Every synthetic reaction has some byproducts left over in the environment, which can create toxicity for the environment and human health.

Automotive application accounted for the largest segment of the green coatings market between 2022 and 2027.

Automotive OEM coatings are an integral part of automobile manufacturing. They offer excellent quality and durability. They possess excellent mechanical properties to protect automobiles from scratches, the environment, and chemical exposure. Interior automotive coatings improve the surface area of an automobile. Automobile and truck production is increasing, which is driving the demand for coatings. According to OICA, in 2021, the global production of passenger cars was 80.1 million units. These numbers are further expected to increase over the forecast period owing to the increasing popularity of EVs. Technological innovations have benefitted the automotive industry in various ways; for instance, the introduction of IoT and the use of robots in the production cycle have resulted in increased efficiency, reduced workforce, and shorter cycles. Owing to innovation, many manufacturers have realized the rising need of customers; and to deal with their health-related concerns, they are switching towards green coatings. It also resonates with the green environment approach of electric vehicle manufacturers.

Green Coatings Market by Region

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Asia Pacific is the fastest-growing green coatings market.

Asia Pacific is the fastest green coatings market in terms of value and volume during the forecast period. The development of the market is mainly attributed to the high economic growth rate followed by heavy investment across industries, such as automotive, consumer goods & appliances, building & construction, and furniture.

Green Coatings Market Players

AkzoNobel N.V. (Netherlands), PPG Industries (US), Axalta Coating Systems (US), BASF SE (Germany), and The Sherwin-Williams Company (US) are the key players in the global green coatings market.

AkzoNobel N.V. is a diversified chemical company and one of the market leaders in the fields of decorative paints, performance coatings, and specialty chemicals. It operates through two business segments, namely, decorative paints and performance coatings. AkzoNobel N.V. offers specialty paints, powder paints, and other coatings for various applications such as architectural and decorative, automotive, industrial, marine, protective, and yachts. Coral, Dulux, Flexa, Hammerite, Sadolin, Sikkens, Awlgrip, International, Interpon, Dissolvine, Eka, Expancel, Jozo, Levasil, and Kromasil are some of the renowned brands of the company.

Green Coatings Market Report Scope

Report Metric

Details

Years Considered for the study

2018-2027

Base year

2021

Forecast period

2022–2027

Units considered

Value (USD) and Volume (Kiloton)

Segments

By Technology
By Application
By Region

Regions covered

Asia Pacific, Europe, North America, Middle East & Africa, South America

Companies profiled

AkzoNobel N.V. (Netherlands), PPG Industries (US), Axalta Coating Systems (US), BASF SE (Germany), and The Sherwin-Williams Company (US). A total of 21 players have been covered.

This research report categorizes the GREEN COATINGS market based on type, end-use industry, and region.

By Technology:

By Application:

  • Architectural
  • Automotive
  • Industrial
  • High-performance
  • Wood
  • Packaging
  • Product finishes

By Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In August 2021, AkzoNobel N.V. launched this product in the Indian market. The product is India’s first USDA-certified green paint.
  • In October 2020, AkzoNobel N.V. launched this product in the Vietnam market. Air Clean Green (Vietnam) contains 22 percent USDA-Certified green content.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 MARKET INCLUSIONS
           1.2.2 MARKET EXCLUSIONS
    1.3 MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
          FIGURE 1 GREEN COATINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Primary data sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
          FIGURE 4 GREEN COATINGS MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS & LIMITATIONS
          TABLE 1 RESEARCH ASSUMPTIONS
          TABLE 2 RESEARCH LIMITATIONS
          TABLE 3 RISK ANALYSIS
    2.5 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
    2.6 PRICING ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 45)
    TABLE 4 GREEN COATINGS MARKET SNAPSHOT, 2022 VS. 2027
    FIGURE 5 WATERBORNE TYPE TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
    FIGURE 6 ARCHITECTURAL APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 7 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN COATINGS MARKET
          FIGURE 8 SIGNIFICANT DEMAND GROWTH EXPECTED FOR GREEN COATINGS DURING FORECAST PERIOD
    4.2 MARKET, BY TECHNOLOGY
          FIGURE 9 WATERBORNE TO REMAIN LARGEST SEGMENT OF GREEN COATINGS MARKET
    4.3 ASIA PACIFIC: GREEN COATINGS MARKET, BY APPLICATION AND COUNTRY
          FIGURE 10 ARCHITECTURAL APPLICATION ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC
    4.4 MARKET, BY DEVELOPED VS. EMERGING ECONOMIES
          FIGURE 11 CHINA TO ACCOUNT FOR LARGEST SHARE
    4.5  MARKET: MAJOR COUNTRIES
          FIGURE 12 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN GREEN COATINGS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing focus on health and sustainability to bring “going green” idea into greater limelight
                    5.2.1.2 Stringent environmental policies
           5.2.2 RESTRAINTS
                    5.2.2.1 Availability and cost of specialized raw materials needed for green coatings
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising demand for renewable raw materials
                    5.2.3.2 Technological advancements for real-time in-process monitoring and control prior to formation of hazardous substances
                    5.2.3.3 Growing investments in emerging markets
           5.2.4 CHALLENGES
                    5.2.4.1 Development of synthetic technologies with little or no toxicity to human health and the environment
                    5.2.4.2 Designing of chemical products that do not persist in the environment after degradation
    5.3 PORTER'S FIVE FORCES ANALYSIS
          TABLE 5 GREEN COATINGS MARKET: PORTER'S FIVE FORCES ANALYSIS
          FIGURE 14 MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRIES
           5.4.2 BUYING CRITERIA
                    FIGURE 16 KEY BUYING CRITERIA FOR GREEN COATINGS
                    TABLE 7 KEY BUYING CRITERIA FOR GREEN COATINGS
    5.5 MACROINDICATOR ANALYSIS
           5.5.1 INTRODUCTION
           5.5.2 GDP TRENDS AND FORECAST
                    TABLE 8 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, BY COUNTRY, 2019–2027
           5.5.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 17 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
           5.5.4 TRENDS IN AUTOMOTIVE INDUSTRY
                    TABLE 9 AUTOMOTIVE PRODUCTION, BY REGION, 2018-2021
    5.6 VALUE CHAIN ANALYSIS
          FIGURE 18 GREEN COATINGS VALUE CHAIN
          FIGURE 19 GREEN COATINGS VALUE CHAIN: PLAYERS AT EACH NODE
    5.7 PRICING ANALYSIS
          FIGURE 20 AVERAGE PRICE COMPETITIVENESS IN GREEN COATINGS MARKET, BY REGION
          FIGURE 21 AVERAGE PRICE COMPETITIVENESS IN MARKET, BY TECHNOLOGY
          FIGURE 22 AVERAGE PRICE COMPETITIVENESS IN MARKET, BY APPLICATION
    5.8 GREEN COATINGS ECOSYSTEM AND INTERCONNECTED MARKETS
          TABLE 10 GREEN COATINGS MARKET: SUPPLY CHAIN
          FIGURE 23 PAINTS & COATINGS: ECOSYSTEM
    5.9 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
          FIGURE 24 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.10 TRADE ANALYSIS
          TABLE 11 COUNTRY-WISE EXPORT DATA, PAINTS, AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN AQUEOUS MEDIUM, (2019-2021)
          TABLE 12 COUNTRY-WISE EXPORT DATA, PAINTS, AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN NON-AQUEOUS MEDIUM, 2019-2021
          TABLE 13 COUNTRY-WISE IMPORT DATA, PAINTS, AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN AQUEOUS MEDIUM, 2019 -2021
          TABLE 14 COUNTRY-WISE IMPORT DATA, PAINTS, AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN NON-AQUEOUS MEDIUM, 2019-2021
    5.11 REGULATIONS
           5.11.1 COATINGS STANDARD
                     TABLE 15 BASIC COATING SYSTEM REQUIREMENTS FOR DEDICATED SEAWATER BALLAST TANKS OF ALL TYPES OF SHIPS AND DOUBLE-SIDE SKIN SPACES OF BULK CARRIERS OF 150 METER AND UPWARD
           5.11.2 MODEL LEAD PAINT LAW
    5.12 PATENT ANALYSIS
           5.12.1 METHODOLOGY
           5.12.2 PUBLICATION TRENDS
                     FIGURE 25 NUMBER OF PATENTS PUBLISHED, 2017-2022
           5.12.3 TOP JURISDICTION
                     FIGURE 26 PATENTS PUBLISHED BY JURISDICTION, 2021
           5.12.4 TOP APPLICANTS
                     FIGURE 27 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2021
                     TABLE 16 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
    5.13 CASE STUDY ANALYSIS
    5.14 TECHNOLOGY ANALYSIS
    5.15 KEY CONFERENCES & EVENTS IN 2022-2023
          TABLE 17 GREEN COATINGS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.16 TARIFF AND REGULATORY LANDSCAPE
           5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 18 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 19 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 20 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 21 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
6 GREEN COATINGS MARKET, BY TECHNOLOGY (Page No. - 97)
    6.1 INTRODUCTION
          FIGURE 28 WATERBORNE COATINGS TO BE LARGEST TECHNOLOGY SEGMENT DURING FORECAST PERIOD
          TABLE 22 GREEN COATINGS MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 23  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
          TABLE 24 MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
          TABLE 25  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
    6.2 WATERBORNE COATINGS
           6.2.1 WATERBORNE COATINGS TO REPLACE SOLVENT-BORNE DOMINATED AREAS
           6.2.2 TYPE
                    FIGURE 29 TYPES OF WATERBORNE COATINGS
           6.2.3 RESIN TYPES USED IN FORMULATION OF WATERBORNE COATINGS
           6.2.4 APPLICATIONS OF WATERBORNE COATINGS
           6.2.5 ADVANTAGES AND DISADVANTAGES OF WATERBORNE COATINGS
                    FIGURE 30 DRIVERS AND RESTRAINTS IN WATERBORNE COATINGS MARKET
                    TABLE 26 WATERBORNE COATINGS: GREEN COATINGS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 27 WATERBORNE COATINGS:  MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 28 WATERBORNE COATINGS: MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 29 WATERBORNE COATINGS: MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    6.3 POWDER COATINGS
           6.3.1 INCREASING ENVIRONMENTAL REGULATIONS FOR ZERO VOC COATINGS
           6.3.2 TYPE
                    FIGURE 31 TYPES OF POWDER COATINGS
                    FIGURE 32 DRIVERS AND RESTRAINTS IN POWDER COATINGS MARKET
                    TABLE 30 POWDER COATINGS: GREEN COATINGS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 31 POWDER COATINGS: MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 32 POWDER COATINGS:  MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 33 POWDER COATINGS:  MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    6.4 HIGH-SOLIDS COATINGS
           6.4.1 AUTOMOTIVE SEGMENT TO INCREASE DEMAND FOR HIGH-SOLIDS COATINGS
                    6.4.1.1 Type
                                FIGURE 33 TYPES OF HIGH-SOLIDS COATINGS
                    6.4.1.2 Application
                               6.4.1.2.1 Product finishing
                               6.4.1.2.2 Automotive applications
                    6.4.1.3 Advantages and disadvantages
                                FIGURE 34 DRIVERS AND RESTRAINTS IN HIGH-SOLIDS COATINGS MARKET
                                TABLE 34 HIGH-SOLIDS COATINGS: GREEN COATINGS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                                TABLE 35 HIGH-SOLIDS COATINGS: MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 36 HIGH-SOLIDS COATINGS: MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                                TABLE 37 HIGH-SOLIDS COATINGS: MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    6.5 RADIATION-CURE COATINGS
           6.5.1 ADAPTING RADIATION-CURE COATINGS DUE TO SHORT CURE TIME AND HIGH-QUALITY FILM
                    6.5.1.1 Type
                                FIGURE 35 TYPES OF RADIATION-CURE COATINGS
                    6.5.1.2 Resin systems
                    6.5.1.3 Applications
                    6.5.1.4 Advantages
                    6.5.1.5 Disadvantages
                                FIGURE 36 DRIVERS AND RESTRAINTS IN RADIATION-CURE COATINGS MARKET
                                TABLE 38 RADIATION-CURE COATINGS: GREEN COATINGS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                                TABLE 39 RADIATION-CURE COATINGS:  MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 40 RADIATION-CURE COATINGS: MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                                TABLE 41 RADIATION-CURE COATINGS: MARKET SIZE, BY REGION, 2022–2027 (KILOTON)

7 GREEN COATINGS MARKET, BY APPLICATION (Page No. - 115)
    7.1 INTRODUCTION
          FIGURE 37 ARCHITECTURAL SEGMENT DOMINATED OVERALL GREEN COATINGS MARKET
          TABLE 42 MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 43 MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 44 MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
          TABLE 45  MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
    7.2 ARCHITECTURAL COATINGS
           7.2.1 HIGH DEMAND FOR ENVIRONMENTALLY FRIENDLY COATINGS TO INCREASE DEMAND IN ARCHITECTURAL SEGMENT
                    TABLE 46 GREEN COATINGS MARKET SIZE IN ARCHITECTURAL, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 47  MARKET SIZE IN ARCHITECTURAL, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 48 MARKET SIZE IN ARCHITECTURAL, BY REGION, 2018–2021 (KILOTON)
                    TABLE 49 MARKET SIZE IN ARCHITECTURAL, BY REGION, 2022–2027 (KILOTON)
    7.3 AUTOMOTIVE COATINGS
           7.3.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE GREEN COATINGS MARKET
                    TABLE 50  MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 51 MARKET SIZE IN AUTOMOTIVE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 52  MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 53  MARKET SIZE IN AUTOMOTIVE, BY REGION, 2022–2027 (KILOTON)
    7.4 INDUSTRIAL COATINGS
           7.4.1 EVERYDAY USES OF POWDER-COATED PRODUCTS TO FUEL DEMAND FOR GENERAL INDUSTRIAL EQUIPMENT
                    TABLE 54 GREEN COATINGS MARKET SIZE IN INDUSTRIAL, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 55  MARKET SIZE IN INDUSTRIAL, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 56 MARKET SIZE IN INDUSTRIAL, BY REGION, 2018–2021 (KILOTON)
                    TABLE 57 MARKET SIZE IN INDUSTRIAL, BY REGION, 2022–2027 (KILOTON)
    7.5 HIGH-PERFORMANCE COATINGS
           7.5.1 HEALTH-RELATED AWARENESS TO INCREASE USE OF GREEN COATINGS
                    TABLE 58 GREEN COATINGS MARKET SIZE IN HIGH-PERFORMANCE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 59  MARKET SIZE IN HIGH-PERFORMANCE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 60 MARKET SIZE IN HIGH-PERFORMANCE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 61 MARKET SIZE IN HIGH-PERFORMANCE, BY REGION, 2022–2027 (KILOTON)
    7.6 WOOD COATINGS
           7.6.1 FURNITURE INDUSTRY TO PROGRESS TOWARD USE OF NON-TOXIC COATINGS
                    TABLE 62 GREEN COATINGS MARKET SIZE IN WOOD, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 63 MARKET SIZE IN WOOD, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 64 MARKET SIZE IN WOOD, BY REGION, 2018–2021 (KILOTON)
                    TABLE 65  MARKET SIZE IN WOOD, BY REGION, 2022–2027 (KILOTON)
    7.7 PACKAGING COATINGS
           7.7.1 FAVORABLE REGULATIONS IN FOOD & BEVERAGE INDUSTRY TO DRIVE MARKET
                    TABLE 66 GREEN COATINGS MARKET SIZE IN PACKAGING, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 67 MARKET SIZE IN PACKAGING, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 68  MARKET SIZE IN PACKAGING, BY REGION, 2018–2021 (KILOTON)
                    TABLE 69  MARKET SIZE IN PACKAGING, BY REGION, 2022–2027 (KILOTON)
    7.8 PRODUCT FINISHES
           7.8.1 DIFFERENT INDUSTRIES TO MAKE THEIR PRODUCT GREENER TO BOOST DEMAND FOR THESE COATINGS
                    TABLE 70 GREEN COATINGS MARKET SIZE IN PRODUCT FINISHES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 71  MARKET SIZE IN PRODUCT FINISHES, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 72 MARKET SIZE IN PRODUCT FINISHES, BY REGION, 2018–2021 (KILOTON)
                    TABLE 73  MARKET SIZE IN PRODUCT FINISHES, BY REGION, 2022–2027 (KILOTON)

8 GREEN COATINGS MARKET, BY REGION (Page No. - 131)
    8.1 INTRODUCTION
          FIGURE 38 ASIA PACIFIC PROJECTED TO BE FASTEST-GROWING GREEN COATINGS MARKET
          TABLE 74 MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
          TABLE 75 MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
          TABLE 76 MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
          TABLE 77 MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    8.2 ASIA PACIFIC
          FIGURE 39 ASIA PACIFIC: GREEN COATINGS MARKET SNAPSHOT
          TABLE 78 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
          TABLE 79 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 80 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
          TABLE 81 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
          TABLE 82 ASIA PACIFIC:  MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 83 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
          TABLE 84 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
          TABLE 85 ASIA PACIFIC:  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
          TABLE 86 ASIA PACIFIC:  MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 87 ASIA PACIFIC:  MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 88 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
          TABLE 89 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
           8.2.1 CHINA
                    8.2.1.1 Favorable market conditions to drive demand for green coatings
           8.2.2 JAPAN
                    8.2.2.1 High production of vehicles to spur demand for green coatings
           8.2.3 INDIA
                    8.2.3.1 Boom in real estate sector to drive green coatings market
           8.2.4 INDONESIA
                    8.2.4.1 New infrastructure and FDI laws to boost market
           8.2.5 THAILAND
                    8.2.5.1 Automotive industry to influence green coatings market
           8.2.6 SOUTH KOREA
                    8.2.6.1 Automotive industry to support growth of market
           8.2.7 REST OF ASIA PACIFIC
    8.3 NORTH AMERICA
          FIGURE 40 NORTH AMERICA: GREEN COATINGS MARKET SNAPSHOT
          TABLE 90 NORTH AMERICA:  MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
          TABLE 91 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 92 NORTH AMERICA:  MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
          TABLE 93 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
          TABLE 94 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 95 NORTH AMERICA:  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
          TABLE 96 NORTH AMERICA:  MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
          TABLE 97 NORTH AMERICA:  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
          TABLE 98 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 99 NORTH AMERICA:  MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 100 NORTH AMERICA:  MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
          TABLE 101 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
           8.3.1 US
                    8.3.1.1 Increasing private residential and non-residential constructions to drive market
                    8.3.1.2 US paints & coatings toll manufacturing to boost market
                    8.3.1.3 Benefits of toll manufacturing to drive market
                                TABLE 102 LIST OF US PAINTS & COATINGS TOLL MANUFACTURERS
           8.3.2 CANADA
                    8.3.2.1 Residential construction to be major contributor to market growth
           8.3.3 MEXICO
                    8.3.3.1 New constructions in residential segment to drive market
    8.4 EUROPE
          FIGURE 41 EUROPE: GREEN COATINGS MARKET SNAPSHOT
          TABLE 103 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
          TABLE 104 EUROPE:  MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 105 EUROPE:  MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
          TABLE 106 EUROPE: MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
          TABLE 107 EUROPE:  MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 108 EUROPE:  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
          TABLE 109 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
          TABLE 110 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
          TABLE 111 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 112 EUROPE:  MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 113 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
          TABLE 114 EUROPE:  MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
           8.4.1 GERMANY
                    8.4.1.1 Favorable economic environment for construction sector and rising demand for new homes to drive market
           8.4.2 UK
                    8.4.2.1 Growing construction sector, along with government spending, to boost the demand for architectural coatings
           8.4.3 FRANCE
                    8.4.3.1 Reviving economy coupled with investment in infrastructure to boost demand for architectural coatings
           8.4.4 RUSSIA
                    8.4.4.1 Architectural and woodworking applications to drive market
           8.4.5 ITALY
                    8.4.5.1 New project finance rules and investment policies in construction sector to boost market
           8.4.6 TURKEY
                    8.4.6.1 Rapid urbanization to drive demand for architectural green coatings
           8.4.7 SPAIN
                    8.4.7.1 Government investments in infrastructure to drive market
           8.4.8 REST OF EUROPE
    8.5 SOUTH AMERICA
          TABLE 115 SOUTH AMERICA: GREEN COATINGS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
          TABLE 116 SOUTH AMERICA:  MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 117 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
          TABLE 118 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
          TABLE 119 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 120 SOUTH AMERICA:  MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
          TABLE 121 SOUTH AMERICA:  MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
          TABLE 122 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
          TABLE 123 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 124 SOUTH AMERICA:  MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 125 SOUTH AMERICA:  MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
          TABLE 126 SOUTH AMERICA:  MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
           8.5.1 BRAZIL
                    8.5.1.1 Rising home ownership and living standards to drive market
           8.5.2 ARGENTINA
                    8.5.2.1 Increase in population and improved economic conditions to boost demand for architectural green coatings
           8.5.3 REST OF SOUTH AMERICA
    8.6 MIDDLE EAST & AFRICA
          TABLE 127 MIDDLE EAST & AFRICA: GREEN COATINGS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
          TABLE 128 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 129 MIDDLE EAST & AFRICA:  MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
          TABLE 130 MIDDLE EAST & AFRICA:  MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
          TABLE 131 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
          TABLE 132 MIDDLE EAST & AFRICA:  MARKET SIZE, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
          TABLE 133 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY TYPE, 2018–2021 (KILOTON)
          TABLE 134 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY TYPE, 2022–2027 (KILOTON)
          TABLE 135 MIDDLE EAST & AFRICA:  MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
          TABLE 136 MIDDLE EAST & AFRICA:  MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 137 MIDDLE EAST & AFRICA:  MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
          TABLE 138 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
           8.6.1 SAUDI ARABIA
                    8.6.1.1 Mega housing projects to boost the demand for architectural green coatings
           8.6.2 SOUTH AFRICA
                    8.6.2.1 Substantial demand for architectural green coatings witnessed in building projects
           8.6.3 UAE
                    8.6.3.1 Automotive industry to be one of the biggest drivers of economic growth
           8.6.4 REST OF MIDDLE EAST & AFRICA

9 COMPETITIVE LANDSCAPE (Page No. - 173)
    9.1 OVERVIEW
          TABLE 139 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
    9.2 COMPANY EVALUATION QUADRANT MATRIX: DEFINITIONS AND METHODOLOGY, 2021
           9.2.1 STARS
           9.2.2 EMERGING LEADERS
           9.2.3 PERVASIVE PLAYERS
           9.2.4 PARTICIPANTS
                    FIGURE 42 GREEN COATINGS MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2021
                    FIGURE 43 STRENGTH OF PRODUCT PORTFOLIO
    9.3 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) MATRIX, 2021
           9.3.1 RESPONSIVE COMPANIES
           9.3.2 PROGRESSIVE COMPANIES
           9.3.3 STARTING BLOCKS
           9.3.4 DYNAMIC COMPANIES
                    FIGURE 44 GREEN COATINGS MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) COMPETITIVE LEADERSHIP MAPPING, 2021
    9.4 MARKET SHARE ANALYSIS
          FIGURE 45 MARKET SHARE, BY KEY PLAYER (2021)
    9.5 REVENUE ANALYSIS
          FIGURE 46 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021
           9.5.1 AKZONOBEL N.V.
           9.5.2 AXALTA COATING SYSTEMS, LLC
           9.5.3 BASF SE
           9.5.4 PPG INDUSTRIES, INC.
           9.5.5 THE SHERWIN-WILLIAMS COMPANY
    9.6 RANKING ANALYSIS
          FIGURE 47 MARKET RANKING ANALYSIS, 2021
    9.7 COMPETITIVE BENCHMARKING
          TABLE 140 GREEN COATINGS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
          TABLE 141  MARKET: COMPETITIVE BENCHMARKING OF SME PLAYERS
          TABLE 142 DETAILED LIST OF KEY STARTUPS/SMES
           9.7.1 COMPETITIVE SITUATIONS AND TRENDS
                    TABLE 143 GREEN COATINGS MARKET: PRODUCT LAUNCHES, 2017–2022
                    TABLE 144 MARKET: DEALS, 2017–2022

10 COMPANY PROFILES (Page No. - 188)
     10.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
             10.1.1 AKZONOBEL N.V.
                        TABLE 145 AKZONOBEL N.V.: COMPANY OVERVIEW
                        FIGURE 48 AKZONOBEL N.V.: COMPANY SNAPSHOT
                        TABLE 146 AKZONOBEL N.V.: NEW PRODUCT LAUNCHES
                        TABLE 147 AKZONOBEL N.V.: DEAL
             10.1.2 AXALTA COATING SYSTEMS, LLC
                        TABLE 148 AXALTA COATING SYSTEMS, LLC: COMPANY OVERVIEW
                        FIGURE 49 AXALTA COATING SYSTEMS, LLC: COMPANY SNAPSHOT
                        TABLE 149 AXALTA COATING SYSTEMS, LLC: NEW PRODUCT LAUNCHES
             10.1.3 BASF SE
                        TABLE 150 BASF SE: COMPANY OVERVIEW
                        FIGURE 50 BASF SE: COMPANY SNAPSHOT
                        TABLE 151 BASF SE: NEW PRODUCT LAUNCHES
                        TABLE 152 BASF SE: DEALS
             10.1.4 PPG INDUSTRIES, INC.
                        TABLE 153 PPG INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 51 PPG INDUSTRIES, INC.: COMPANY SNAPSHOT
                        TABLE 154 PPG INDUSTRIES, INC.: NEW PRODUCT LAUNCHES
                        TABLE 155 PPG INDUSTRIES, INC.: DEALS
             10.1.5 THE SHERWIN-WILLIAMS COMPANY
                        TABLE 156 THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW
                        FIGURE 52 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
             10.1.6 ASIAN PAINTS LIMITED
                        TABLE 157 ASIAN PAINTS LIMITED: COMPANY OVERVIEW
                        FIGURE 53 ASIAN PAINTS LIMITED: COMPANY SNAPSHOT
             10.1.7 BERGER PAINTS INDIA LIMITED
                        TABLE 158 BERGER PAINTS INDIA LIMITED: COMPANY OVERVIEW
                        FIGURE 54 BERGER PAINTS INDIA LIMITED: COMPANY SNAPSHOT
             10.1.8 HEMPEL A/S
                        TABLE 159 HEMPEL A/S: COMPANY OVERVIEW
                        FIGURE 55 HEMPEL A/S: COMPANY SNAPSHOT
                        TABLE 160 HEMPEL A/S: NEW PRODUCT LAUNCHES
                        TABLE 161 HEMPEL A/S: DEALS
             10.1.9 JOTUN A/S
                        TABLE 162 JOTUN A/S: COMPANY OVERVIEW
                        FIGURE 56 JOTUN A/S: COMPANY SNAPSHOT
             10.1.10 DAW SE
                        TABLE 163 DAW SE: COMPANY OVERVIEW
     10.2 OTHER PLAYERS
             10.2.1 KANSAI PAINT CO. LTD.
                        TABLE 164 KANSAI PAINT CO. LTD.: COMPANY OVERVIEW
             10.2.2 MASCO CORPORATION
                        TABLE 165 MASCO CORPORATION: COMPANY OVERVIEW
             10.2.3 RPM INTERNATIONAL INC.
                        TABLE 166 RPM INTERNATIONAL INC.: COMPANY OVERVIEW
             10.2.4 LIFETIME GREEN COATINGS
                        TABLE 167 LIFETIME GREEN COATINGS: COMPANY OVERVIEW
             10.2.5 DSM
                        TABLE 168 DSM: COMPANY OVERVIEW
             10.2.6 EVONIK INDUSTRIES AG
                        TABLE 169 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
             10.2.7 EASTMAN CHEMICAL COMPANY
                        TABLE 170 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
             10.2.8 NIPPON PAINT HOLDINGS CO., LTD.
                        TABLE 171 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY OVERVIEW
             10.2.9 CHENYANG GROUP LTD
                        TABLE 172 CHENYANG GROUP LTD: COMPANY OVERVIEW
             10.2.10 CIRANOVA
                        TABLE 173 CIRANOVA: COMPANY OVERVIEW
             10.2.11 CORTEC CORPORATION
                        TABLE 174 CORTEC CORPORATION: COMPANY OVERVIEW
             10.2.12 ECO SAFETY PRODUCTS
                        TABLE 175 ECO SAFETY PRODUCTS: COMPANY OVERVIEW
             10.2.13 TEKNOS GROUP
                        TABLE 176 TEKNOS GROUP: COMPANY OVERVIEW
             10.2.14 STAHL HOLDINGS B.V.
                        TABLE 177 STAHL HOLDINGS B.V.: COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

11 ADJACENT/RELATED MARKETS (Page No. - 234)
     11.1 INTRODUCTION
     11.2 LIMITATIONS
     11.3 BIO-BASED COATINGS MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
             11.3.3 BIO-BASED COATINGS MARKET, BY RESIN TYPE
                        TABLE 178 BIO-BASED COATINGS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION)
                        TABLE 179 BIO-BASED COATINGS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION)
                        TABLE 180 BIO-BASED COATINGS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTON)
                        TABLE 181 BIO-BASED COATINGS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTON)
             11.3.4 BIO-BASED COATINGS MARKET, BY APPLICATION
                        TABLE 182 BIO-BASED COATINGS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 183 BIO-BASED COATINGS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 184 BIO-BASED COATINGS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)
                        TABLE 185 BIO-BASED COATINGS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTON)
             11.3.5 BIO-BASED COATINGS MARKET, BY REGION
                        TABLE 186 BIO-BASED COATINGS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 187 BIO-BASED COATINGS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 188 BIO-BASED COATINGS MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                        TABLE 189 BIO-BASED COATINGS MARKET SIZE, BY REGION, 2022–2027 (KILOTON)

12 APPENDIX (Page No. - 240)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 CUSTOMIZATION OPTIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involves four major activities in estimating the current market size of Green 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 the 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 sub-segments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The Green coatings market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in applications, such as architectural, automotive, industrial, high-performance, wood packaging, and product finishes. The supply side is characterized by advancements in technology. 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:

Green Coatings Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Green 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:

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

Global Green coatings Market Size: Top-down Approach

Green Coatings Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

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

Report Objectives

  • To analyze and forecast the size of the green coatings market, in terms of value and volume
  • To define, describe, and forecast the green coatings market by technology, application, and region
  • To forecast the green coatings market size with respect to five main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments, such as mergers & acquisitions, new product launches, and investments & expansions, in the green coatings market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note: 1. Micromarkets are defined as the sub-segments of the GREEN COATINGS market included in the report.

Note 2: Core competencies of the companies are captured in terms of their key developments and key strategies adopted to sustain their position in the market.

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

  • Further breakdown of the green coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 2134
Published ON
Oct, 2022
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