Bio-Based Coatings Market Report 2026

The bio-based coatings market size has grown rapidly in recent years. It will grow from $11.54 billion in 2025 to $13.4 billion in 2026 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to increasing construction activities, growth of industrial coating applications, rising awareness of environmental impact, expansion of automotive refinishing, availability of bio-based solvents.

The bio-based coatings market size is expected to see rapid growth in the next few years. It will grow to $23.56 billion in 2030 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to increasing regulatory restrictions on solvent emissions, rising demand for sustainable coatings, expansion of green building initiatives, growing adoption of bio-based raw materials, increasing innovation in coating formulations. Major trends in the forecast period include growing adoption of low-voc and zero-voc coatings, rising demand for renewable raw material-based coatings, expansion of bio-based industrial coatings, increasing use in architectural applications, enhanced focus on environmental compliance.

The growing popularity of electric vehicles is expected to drive the growth of the bio-based coatings market going forward. An electric vehicle (EV) is powered by one or more electric motors using electricity stored in an onboard battery pack. EV manufacturers are increasingly seeking sustainable and eco-friendly materials for various components, including coatings. Bio-based coatings, derived from renewable resources, align with the eco-conscious image of electric vehicles. For example, in January 2024, Kelley Blue Book, a US-based Cox Automotive company, reported that in 2023, a record 1.2 million car buyers in the United States purchased electric vehicles, representing 7.6% of the total U.S. vehicle market, up from 5.9% in 2022. Therefore, the rising popularity of electric vehicles is propelling the bio-based coatings market.

Key companies in the bio-based coatings market are developing innovative products, such as food packaging coatings, to expand their customer base, increase sales, and boost revenue. Food packaging coatings are specialized materials applied to the surface of packaging - such as paper, cardboard, plastic, or metal - for protective, functional, and aesthetic purposes. For instance, in July 2023, Melodea Ltd., an Israel-based coatings manufacturer, launched MelOx NGen, a bio-based food packaging coating with a water-based, plant-derived composition. Designed for application on the interior surfaces of various plastic packaging, including films, pouches, bags, lidding, and blister packs, it serves as an eco-friendly and cost-effective alternative to petroleum-based Ethyl Vinyl Alcohol copolymers (EVOH), widely used for food preservation and in met-PET plastic lids.

In November 2025, BirlaNu Limited, an India-based building materials and construction-products company, acquired Clean Coats for $13.5 million (₹120 crore). Through this acquisition, BirlaNu aims to expand and diversify its construction-chemicals portfolio, enhancing capabilities in coatings, waterproofing, and specialized construction chemicals. Clean Coats Private Limited, based in India, specializes in high-performance coatings, epoxy and polyurethane flooring, anti-corrosion linings, waterproofing, and protective surface-coating solutions for industrial, infrastructure, and water-management projects.

Major companies operating in the bio-based coatings market are BASF SE, Cargill Incorporated, AkzoNobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Stora Enso OYJ, KCC Paints Sdn Bhd, NOROO Paint & Coatings Co. Ltd., Jiangsu Heshili New Material Co. Ltd., SK Chemicals Co. Ltd., Axalta Coating Systems, Behr Paint Co., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., Tikkurila Oyj, Valspar Corporation, Chugoku Marine Paints Ltd., Cloverdale Paint Inc., Diamond Vogel Inc.

North America was the largest region in the bio-based coating market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bio-based coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bio-based coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bio-based coatings market consists of sales of limonene, ethanol, glycerol, and 2-methyltetrahydrofuran (2-MeTHF). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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