Green Coatings Market Size, Share, Trends, Growth 2032

Green Coatings Market Insights

According to Zion Market Research, the global Green Coatings Market was worth USD 131.53 Billion in 2023. The market is forecast to reach USD 198.86 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Green Coatings industry over the next decade.

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Global Green Coatings Market: Overview

Green coatings are common around the world due to a sharp rise in environmental issues and an increasing market trend. Current study has found that conventional industrial coatings are toxic in nature when they are made up of volatile organic compounds (VOCs); they leak toxins into the air at room temperature. Ses VOCs can contain certain biocides and fungicides. Any of the common green coatings are radiation-curing coatings, high-solids water-borne, and powder coatings. Paint and dryness can cause possible health problems, such as kidney injury, headache and dizziness. The introduction of creative technology leads to the production and development of better, healthy colour. Many businesses are turning to environmentally sustainable materials, such as green coatings, to improve public health and the atmosphere.

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Global Green Coatings Market: Growth Factors

Any of the key drivers of the global demand for green coatings are expansion in the end-user sectors and the tight environmental regulations laid down by the government. In addition, growing awareness of volatile organic compounds (VOCs) emissions may also fuel the global demand in the near future. However the growing use of ultraviolet curing coatings and plant-based sources for wood coating processing is projected to fuel the growth of the global demand for green coatings.

There are a host of new developments that have altered the nature of the sectors. Companies focus on introducing new strategies such as mergers and acquisitions, new product releases, alliances, collaborations and new technology launches, may drive the global demand for green coatings in the coming years.

Global Green Coatings Market: Segmentation

On the basis of applications are packaging coatings, industrial coatings, wood coatings, architectural coatings, automotive coatings, and others. Of these, architectural coatings segment is anticipated to depict an above average growth in the recent years. The spending on the infrastructure especially commercial and residential sectors improved in the last few years is also influencing the global green coatings market growth.

Based on types, the global market is further in bifurcated as high-solids coatings, water-based coatings, radiation-cured coatings, and powder coatings. 

Green Coatings Market: Report Scope

Global Green Coatings Market: Regional Analysis

Furthermore, the global green coatings market is fragmented on the basis of geography as North America, Asia-Pacific, Europe, Latin America, and The Middle East & Africa.

As a result of growth in the manufacturing sector, Asia Pacific has the highest market share in the global market for green coatings. However, rising government understanding of environmental issues can lead to growth in the future. In addition, growing customer demand for the advantages of green coatings has a positive effect on the global market for green coatings. Water-based coatings are commonly favoured by the population and have government support for widespread use in numerous water-borne coating applications in this area, which is expected to fuel market growth.

Global Green Coatings Market: Competitive Players

Some main participants of the green coatings market are

• Axalta Coating System
• Allnex S.a r.l.
• Momentive
• Omnova Solutions
• Bayer Material Science
• Valspar Corporation
• Arkema Inc
• AkzoNobel NV
• Sherwin-Williams Company
• DSM, BASF
• PPG Industries

The green coatings market is segmented as follows:

By Types

• High-Solids Coatings
• Water-Based Coatings
• Radiation-Cured Coatings
• Powder Coatings

By Applications

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

Green Coatings Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa