Green Coatings Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4368960
  • Report
  • Region: Global
  • 180 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • AkzoNobel NV
  • Asian Paints Limited
  • Axalta Coating System
  • BASF SE
  • Hempel A/S
  • Jotun A/S
  • MORE
The global green coatings market is projected to reach at $118,990 million by 2023 from $80,010 million in 2016, growing at a CAGR of 5.8% from 2017 to 2023. Green coatings are usually harmless materials with reduced or no volatile organic compound (VOC) emissions, thus, facilitating manufacturers to deal with strict environmental rules imposed by the government & other regulatory bodies. Traditional solvent coating contains toxic ingredients, primarily, VOCs such as benzene, formaldehyde, and others, which cause serious environmental damage and result in human health problems. Some of its adverse effects include ozone depletion, air pollution, headache, kidney problem, breathing disorder, dizziness, allergic reactions, and more. Also, certain non-green coatings are reported to be carcinogenic with added possibility of neurological damage as per World Health Organization (WHO) and Danish researchers. Hence, green coating is an environment friendly approach to battle pollution and health hazards caused by conventional solvent-based coatings.

Strict environmental regulations imposed by government and rise in awareness & health concerns among people regarding the drawbacks of traditional solvent based coatings drive the market growth. Apart from that, new technological advancement coupled with high economic growth rate in different regions are other factors that support the growth of the market. However, volatility in cost and availability of raw materials mark the rise in the price of green coatings, which in turn limits the market growth. Moreover, new product development and increase in use of radiation cure coatings make way for growth opportunities for the market.

The global green coatings market is segmented on the basis of type, application, and geography. By type, the market is categorized into waterborne coatings, powder coatings, high-solids coatings, and radiation cure coatings. Different applications of the market include architectural coatings, industrial coatings, automotive coatings, wood coatings, packaging coatings, and others (aerospace coatings & product finishes). On the basis of geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players in this study are as follows:

AkzoNobel NV
Asian Paints Limited
Axalta Coating System
BASF SE
Berger Paints India Limited
Deutsche Amphibolin Works Se (Daw)
Hempel A/S
Jotun A/S
PPG Industries
The Sherwin-Williams Company

KEY MARKET BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global green coatings market.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Detailed analysis of the industry based on the type and application help understand the trending product type and potential applications.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.

KEY MARKET SEGMENTS

By Type

Waterborne Coatings
Powder Coatings
High-Solids Coatings
Radiation Cure Coatings

By Application

Architectural Coatings
Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Other Coatings
By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
KSA
Rest of LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AkzoNobel NV
  • Asian Paints Limited
  • Axalta Coating System
  • BASF SE
  • Hempel A/S
  • Jotun A/S
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Competitive Rivalry

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Stringent regulations
3.4.1.2. Rise in awareness among consumers
3.4.1.3. Increasing end-user industries
3.4.1.4. Impact analysis

3.4.2. Restraints

3.4.2.1. Volatility in raw materials cost & availability
3.4.2.2. Impact analysis

3.4.3. Opportunities

3.4.3.1. Advancement in coatings technology
3.4.3.2. Growing use of radiation cure coatings
3.4.3.3. Impact analysis

3.5. PATENT ANALYSIS
3.6. TOP PLAYER POSITIONING, 2016

CHAPTER 4. GLOBAL GREEN COATINGS MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. WATERBORNE COATINGS

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. POWDER COATINGS

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. HIGH-SOLIDS COATINGS

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

4.5. RADIATION CURE COATINGS

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

CHAPTER 5. GLOBAL GREEN COATINGS MARKET, BY APPLICATION

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. ARCHITECTURAL COATINGS

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. INDUSTRIAL COATINGS

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. AUTOMOTIVE COATINGS

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

5.5. WOOD COATINGS

5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast

5.6. PACKAGING COATINGS

5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast

5.7. OTHER COATINGS

5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast

CHAPTER 6. GLOBAL GREEN COATINGS MARKET, BY GEOGRAPHY

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. NORTH AMERICA

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.2.3. U.S.

6.2.3.1. Market size and forecast, by application

6.2.4. Canada

6.2.4.1. Market size and forecast, by application

6.2.5. Mexico

6.2.5.1. Market size and forecast, by application

6.3. EUROPE

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.3.3. UK

6.3.3.1. Market size and forecast, by application

6.3.4. Germany

6.3.4.1. Market size and forecast, by application

6.3.5. France

6.3.5.1. Market size and forecast, by application

6.3.6. Italy

6.3.6.1. Market size and forecast, by application

6.3.7. Russia

6.3.7.1. Market size and forecast, by application

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast, by application

6.4. ASIA-PACIFIC

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.4.3. China

6.4.3.1. Market size and forecast, by application

6.4.4. India

6.4.4.1. Market size and forecast, by application

6.4.5. Japan

6.4.5.1. Market size and forecast, by application

6.4.6. South Korea

6.4.6.1. Market size and forecast, by application

6.4.7. Australia

6.4.7.1. Market size and forecast, by application

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Brazil

6.5.3.1. Market size and forecast, by application

6.5.4. South Africa

6.5.4.1. Market size and forecast, by application

6.5.5. KSA

6.5.5.1. Market size and forecast, by application

6.5.6. Rest of LAMEA

6.5.6.1. Market size and forecast, by application

CHAPTER 7. COMPANY PROFILES

7.1. AKZONOBEL NV

7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments

7.2. ASIAN PAINTS LIMITED

7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments

7.3. AXALTA COATING SYSTEM

7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments

7.4. BASF SE

7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments

7.5. BERGER PAINTS INDIA LIMITED

7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments

7.6. DEUTSCHE AMPHIBOLIN WORKS SE (DAW)

7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments

7.7. HEMPEL A/S

7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments

7.8. JOTUN A/S

7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments

7.9. PPG INDUSTRIES

7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments

7.10. THE SHERWIN-WILLIAMS COMPANY

7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
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FEATURED COMPANIES

  • AkzoNobel NV
  • Asian Paints Limited
  • Axalta Coating System
  • BASF SE
  • Hempel A/S
  • Jotun A/S
  • MORE
According to a new report titled, Green Coatings Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global green coatings market was valued at $80,010 million in 2016, and is projected to reach $118,990 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023. The waterborne coatings type accounted for more than three-fourths of the global market in 2016.

Green coatings are the ones which consist of low or no harmful volatile organic compounds (VOCs) emissions as compared to conventional solvent-based coatings. These mainly include waterborne coatings other than powder coatings, high-solids coatings, and radiation-cured coatings.

The factors that drive the growth of global green coatings market include strict environmental regulations imposed by government as well as certain agencies such as EPA & REACH, growth in popularity of green building standards, and rise in consumer awareness for sustainable products. In addition, growth in end-user industries of green coatings also fuels the global market. However, fluctuations in raw material availability and prices are expected to hamper the growth of this market in the near future. The major factors offering great growth opportunities for the market are the technological advancements in green coatings products and increase in the use of radiation cure coatings.

Based on type, the market is segmented into waterborne coatings, powder coatings, high-solids coatings, and radiation cure coatings. Waterborne coatings accounted for more than three-fourths share of the global green coatings market in 2016. Powder coatings and radiation cure coatings segments are anticipated to be the fastest growing types during the forecast period.

Architectural coating is the leading application with highest growth rate and occupy nearly two-fifths of the share in global green coatings market due to global increase in infrastructure spending especially in certain countries of Asia-Pacific. Automotive coatings is projected to be the second fastest growing application owing to the rapid growth witnessed in the industry over the last few years.

Key Findings of the Green Coatings Market:

In terms of value, radiation cure coatings are expected to expand at highest CAGR of 8.3% globally during the forecast period.
Europe is the dominant region of the market with around one-third market share and decent CAGR of 4.9% during the forecast period.
Architectural coatings is the leading application with nearly half of the market share and highest CAGR of 6.2% till 2023.
Asia-Pacific occupied more than one-fourth of the global market and is the fastest growing region with 6.7% CAGR in the analysis period.
China is one of the major country in the market and is expected to grow at the highest CAGR of 7.1% in terms of value.
In 2016, Asia-Pacific and North America collectively accounted for more than half share of the global green coatings market, and is expected to grow at the highest CAGRs during the forecast period. China, India, and other developing countries are expected to witness various infrastructural developments as well as rearrangements in Asia-Pacific, thus, the green coatings market of that region is anticipated to experience an increase in growth rate during the analysis period.

The major companies profiled in the report include AkzoNobel NV, Asian Paints Limited, Axalta Coating System, BASF SE, Berger Paints India Limited, Deutsche Amphibolin Works Se (Daw), Hempel A/S, Jotun A/S, PPG Industries, and The Sherwin-Williams Company.
Note: Product cover images may vary from those shown
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  • AkzoNobel NV
  • Asian Paints Limited
  • Axalta Coating System
  • BASF SE
  • Berger Paints India Limited
  • Deutsche Amphibolin Works Se (Daw)
  • Hempel A/S
  • Jotun A/S
  • PPG Industries
  • The Sherwin-Williams Company.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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