Demand Analysis and Consumption Patterns in the Global Green Co

• Posted by Stephen Lobo Jun 6 - Filed in Business - #Green Coatings Market  #Green Coatings Market Size  #Green Coatings Market Analysis  #Green Coatings Market Share  #Green Coatings Market Growth  #Green Coatings Market Report  #Green Coatings Market Forecast  - 57 views

  The global Green Coatings Market is projected to grow from USD 123.6 Billion in 2022 to USD 155.9 Billion by 2027, at a CAGR of 4.8% between 2022 and 2027, as per the recent study by MarketsandMarkets™. Asia Pacific is the largest and fastest growing green coatings market in the world. Increasing focus on health and sustainability is one of its driving factors.

   

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  Browse In-Depth TOC On "Green Coatings Market”

  189 - Market Data Tables
  56 - Figures
  246 - Pages

  List of Key Players in Green Coatings Market:

  1. AkzoNobel N.V. (Netherlands)

  2. PPG Industries (US)

  3. Axalta Coating Systems (US)

  4. BASF SE (Germany)

  5. The Sherwin-Williams Company (US)

  Drivers, Restraints, Opportunities and Challenges in Green Coatings Market:

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

  2. Restraint: Availability and cost of specialized raw materials needed for green coatings

  3. Opportunity: Rising demand for renewable raw materials

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

  Key Findings of the Study:

  1. Wood coatings is the second fastest-growing segment of the overall Green coatings market.

  2. China is the largest Green coatings market in Asia Pacific during the forecast period.

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  Asia Pacific accounted for 49.6%, in terms of value, of the global Green coatings market in 2021. The strong growth in the region is highly attributed by increasing economic growth rate, followed by heavy investment across different application areas, such as automotive, consumer goods & appliances, building & construction, and furniture. Asia Pacific region is witnessing an increased demand for high-end cars due to increasing purchasing power of consumers and large-scale investments in the automobile sector in the region.

  With the growing population and increasing migration of population to the developed nations, the construction industry is estimated to develop substantially in the near future. It allows the architectural application to have the largest market share of Green coatings market. Architectural green coatings possess various favorable properties, such as high corrosion and temperature resistance, increased durability of end-products, and low fire-hazards risk; and thus, are preferred for use in various commercial and industrial applications.

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  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. These top 5 players together accounted for a share of 45-50% of the total Green coatings market, while the rest was secured by small and medium-sized enterprises in 2021.

  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

  Continued...