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Press Release:

Global Green Coatings Market to Reach US$ 107.5 Billion by 2027, Propelled by Implementation of Stringent Government Regulations

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Green Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global green coatings market reached a value of US$ 81.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 107.5 Billion by 2027, exhibiting a CAGR of 4.76% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor. 

Green coatings refer to environment-friendly coatings that emit almost zero volatile organic compounds (VOCs) during the manufacturing process. Some of the commonly available variants include water-based paints, high solid paints, powder coatings and radiation-hardened coatings. These coatings are manufactured using naturally sourced materials, such as vegetable oil, soybean, castor oil, milk and clay. They minimize the adverse effects of infrared and ultraviolet (UV) radiations and aid in improving the overall efficiency of the equipment. As a result, they find extensive applications across various industries, including construction, automotive, oil and gas, mining, aviation, aerospace and marine.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Green Coatings Market Trends:

Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Green coatings are widely applied on walls, roofs, panels, windows, door frames and interior extrusions as protective and decorative paints. They are also used on various consumer products, such as oven components, dryer drums, rooftop heating, ventilation and air conditioning (HVAC) units, electronic boxes, furniture and fixtures. Moreover, rising environmental consciousness among the masses and the increasing demand for waterborne and powder-based coatings are providing a thrust to the market growth. In comparison to the traditionally used solvent-borne coatings, these variants are VOC-free, block resistant and not harmful for human health. Additionally, various product innovations, such as the development of radiation curable coatings, are acting as other growth-inducing factors. They are manufactured using plant-based sources and are processed under low energy electrons (EB) or ultraviolet (UV) radiations. Other factors, including rapid industrialization, along with the implementation of favorable government policies to promote sustainability, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global green coatings market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and application.

Breakup by Type:

 

 
 

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  • Waterborne
  • Powder
  • High Solid
  • UV Cured
     

Breakup by Application:

  • Architectural Coatings
  • Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Packaging Coatings
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., Koninklijke DSM N.V., Nippon Paint Holdings Co. Ltd., PPG Industries Inc and The Sherwin-Williams Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
 Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., Koninklijke DSM N.V., Nippon Paint Holdings Co. Ltd., PPG Industries Inc and The Sherwin-Williams Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Green Coatings Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Waterborne
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Powder
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    High Solid
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    UV Cured
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Application
    7.1    Architectural Coatings
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Industrial Coatings
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Automotive Coatings
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Wood Coatings
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Packaging Coatings
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Akzo Nobel N.V.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Asian Paints Limited
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Axalta Coating Systems Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    BASF SE
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    Hempel A/S
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 SWOT Analysis
        13.3.6    Jotun
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Kansai Paint Co. Ltd.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Koninklijke DSM N.V.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Nippon Paint Holdings Co. Ltd.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    PPG Industries Inc
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    The Sherwin-Williams Company
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials

List of Figures

Figure 1: Global: Green Coatings Market: Major Drivers and Challenges
Figure 2: Global: Green Coatings Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Green Coatings Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Green Coatings Market: Breakup by Type (in %), 2021
Figure 5: Global: Green Coatings Market: Breakup by Application (in %), 2021
Figure 6: Global: Green Coatings Market: Breakup by Region (in %), 2021
Figure 7: Global: Green Coatings (Waterborne) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Green Coatings (Waterborne) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Green Coatings (Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Green Coatings (Powder) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Green Coatings (High Solid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Green Coatings (High Solid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Green Coatings (UV Cured) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Green Coatings (UV Cured) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Green Coatings (Architectural Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Green Coatings (Architectural Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Green Coatings (Industrial Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Green Coatings (Industrial Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Green Coatings (Automotive Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Green Coatings (Automotive Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Green Coatings (Wood Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Green Coatings (Wood Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Green Coatings (Packaging Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Green Coatings (Packaging Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Green Coatings (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Green Coatings (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Green Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Green Coatings Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: Green Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Green Coatings Industry: SWOT Analysis
Figure 77: Global: Green Coatings Industry: Value Chain Analysis
Figure 78: Global: Green Coatings Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Green Coatings Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Green Coatings Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Green Coatings Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Green Coatings Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Green Coatings Market: Competitive Structure
Table 6: Global: Green Coatings Market: Key Players


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Key Questions Answered in This Report

The global green coatings market was valued at US$ 81.7 Billion in 2021.

We expect the global green coatings market to exhibit a CAGR of 4.76% during 2022-2027.

The rising utilization of environment-friendly coatings, such as green coatings, across the construction
sector as protective and decorative paints on walls, roofs, panels, etc., is primarily driving the global
green coatings market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous end-use industries
for green coatings.

Based on the type, the global green coatings market has been segmented into waterborne, powder, high
solid, and UV cured. Currently, waterborne green coatings hold the majority of the total market share.

Based on the application, the global green coatings market can be divided into architectural coatings,
industrial coatings, automotive coatings, wood coatings, packaging coatings, and others. Among these,
architectural coatings exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global green coatings market include Akzo Nobel N.V., Asian Paints
Limited, Axalta Coating Systems Ltd., BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., Koninklijke DSM
N.V., Nippon Paint Holdings Co. Ltd., PPG Industries Inc, and The Sherwin-Williams Company.

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