Green Coatings Market by Type (Waterborne Coatings, Powder Coatings, High-Solids Coatings, and Radiation Cure Coatings) and Application (Architectural Coatings, Industrial Coatings, Automotive Coatings, Wood Coatings, Packaging Coatings, and Other Coatings) - Global Opportunity Analysis and Industry Forecast, 2017-2023 Update Available On-Demand
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A02237
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Pages: 180
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Jul
2017 |
6779 Views
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Author(s) :
Biswa Sinha
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Tables: 89
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Charts: 31
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Formats*:
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COVID-19
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Request Now !Green Coatings Market Overview:
Global green coatings market was valued at $80,010 million in 2016, and is projected to reach at $118,990 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023. Coating industry witnesses an increase in the use of ecofriendly materials as a part of green or sustainable chemistry in last few years owing to increasingly strict environmental regulations, growth in popularity of green building standards, and rise in consumer awareness for sustainable products. Green coatings are environment friendly materials, which consist of non-solvent borne technology and low or zero volatile organic compound (VOC) emissions. VOCs are the harmful components present in conventional solvent borne coatings reported to form ground-level ozone and urban smog resulting in various health hazards. Thus, coatings manufacturers shift their focus to create formulations with less solvent content, such as waterborne coatings, powder coatings, high-solids coatings, and radiation cured coatings. The aforementioned types are covered under green coatings category, and are mainly employed in architectural, industrial, automotive, and wood applications.
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Stringent regulations imposed by government and certain other environment & health care agencies such as REACH and EPA drive the global Green Coatings Market. Moreover, growth in number of end-user industries and increase in awareness toward VOC emissions are some other factors that boost the market growth. However, volatility in availability of raw materials and its cost increases the price of green coatings, which in turn restricts the market growth.
Furthermore, key industry players and research institutes invest more for green coatings product development as per the demand from consumers & governments for sustainable and eco-friendly products. Thus, technological advancements and growth in use of radiation cure coatings provide opportunities for the market growth.
Segment Review
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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. Various applications market include architectural coatings, industrial coatings, automotive coatings, wood coatings, packaging coatings, and others (aerospace coatings & product finishes). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA as well as among its major countries.
Top Investment Pocket, by Application
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The architectural or decorative coatings application is the most prevalent and attractive segment owing to increase in global infrastructure spending for residential & commercial sectors. These mainly employ waterborne type coatings, which occupy huge share of global green coatings market. This application is anticipated to grow at the highest CAGR of 5.6% during the forecast period.
Global Green Coatings Market, by Geography
Europe dominated the global green coatings market occupying nearly one-third share in 2016, registering a CAGR of around 4.9% during the forecast period. Asia-Pacific witnessed the highest CAGR of 6.7% and the second highest share in the global market, owing to growth in infrastructural activities and economy.
The India green coatings market was valued at $2,204 million in 2016, and is expected to grow at a CAGR of 7.0% during the forecast period.
India Green Coatings Market, 2016-2023 ($Million)
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The key players operating in the green coatings industry are 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.
Other players in the value chain include Kansai Paint Company Limited, Masco Corporation, Valspar Corporation, Rpm International Inc., Tikkurila OYJ, Nippon Paint, Chimar Hellas S.A., Walter Wurdack Inc., and GLOBAL Encasement, Inc.
Key Benefits for Green Coatings Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the market from 2017 to 2023 to understand the prevailing opportunities and potential investment pockets.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
Green Coatings Market Key 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
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. PORTER’S 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
LIST OF TABLES
TABLE 1. GLOBAL GREEN COATINGS MARKET VOLUME, BY TYPE, 2015-2023, (KILOTONS)
TABLE 2. GLOBAL GREEN COATINGS MARKET VALUE, BY TYPE, 2015-2023, ($MILLION)
TABLE 3. GLOBAL WATERBORNE GREEN COATINGS MARKET VOLUME, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 4. GLOBAL WATERBORNE GREEN COATINGS MARKET VALUE, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 5. GLOBAL POWDER GREEN COATINGS MARKET VOLUME, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 6. GLOBAL POWDER GREEN COATINGS MARKET VALUE, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 7. GLOBAL HIGH-SOLID GREEN COATINGS MARKET VOLUME, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 8. GLOBAL HIGH-SOLID GREEN COATINGS MARKET VALUE, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 9. GLOBAL RADIATION CURE GREEN COATINGS MARKET VOLUME, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 10. GLOBAL RADIATION CURE GREEN COATINGS MARKET VALUE, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 11. GLOBAL GREEN COATINGS MARKET VOLUME, BY APPLICATION, 2015-2023, (KILOTONS)
TABLE 12. GLOBAL GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 13. GLOBAL GREEN COATINGS MARKET VOLUME IN ARCHITECTURAL COATINGS, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 14. GLOBAL GREEN COATINGS MARKET VALUE IN ARCHITECTURAL COATINGS, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 15. GLOBAL GREEN COATINGS MARKET VOLUME IN INDUSTRIAL COATINGS, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 16. GLOBAL GREEN COATINGS MARKET VALUE IN INDUSTRIAL COATINGS, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 17. GLOBAL GREEN COATINGS MARKET VOLUME IN AUTOMOTIVE COATINGS, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 18. GLOBAL GREEN COATINGS MARKET VALUE IN AUTOMOTIVE COATINGS, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 19. GLOBAL GREEN COATINGS MARKET VOLUME IN WOOD COATINGS, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 20. GLOBAL GREEN COATINGS MARKET VALUE IN WOOD COATINGS, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 21. GLOBAL GREEN COATINGS MARKET VOLUME IN PACKAGING COATINGS, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 22. GLOBAL GREEN COATINGS MARKET VALUE IN PACKAGING COATINGS, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 23. GLOBAL GREEN COATINGS MARKET VOLUME IN OTHER COATINGS, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 24. GLOBAL GREEN COATINGS MARKET VALUE IN OTHER COATINGS, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 25. GLOBAL GREEN COATINGS MARKET VOLUME, BY GEOGRAPHY, 2015-2023, (KILOTONS)
TABLE 26. GLOBAL GREEN COATINGS MARKET VALUE, BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 27. NORTH AMERICA GREEN COATINGS MARKET VOLUME, BY TYPE, 2015-2023, (KILOTONS)
TABLE 28. NORTH AMERICA GREEN COATINGS MARKET VALUE, BY TYPE, 2015-2023, ($MILLION)
TABLE 29. NORTH AMERICA GREEN COATINGS MARKET VOLUME, BY APPLICATION, 2015-2023, (KILOTONS)
TABLE 30. NORTH AMERICA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 31. NORTH AMERICA GREEN COATINGS MARKET VOLUME, BY COUNTRY, 2015-2023, (KILOTONS)
TABLE 32. NORTH AMERICA GREEN COATINGS MARKET VALUE, BY COUNTRY, 2015-2023, ($MILLION)
TABLE 33. U.S. GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 34. CANADA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 35. MEXICO GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 36. EUROPE GREEN COATINGS MARKET VOLUME, BY TYPE, 2015-2023, (KILOTONS)
TABLE 37. EUROPE GREEN COATINGS MARKET VALUE, BY TYPE, 2015-2023, ($MILLION)
TABLE 38. EUROPE GREEN COATINGS MARKET VOLUME, BY APPLICATION, 2015-2023, (KILOTONS)
TABLE 39. EUROPE GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 40. EUROPE GREEN COATINGS MARKET VOLUME, BY COUNTRY, 2015-2023, (KILOTONS)
TABLE 41. EUROPE GREEN COATINGS MARKET VALUE, BY COUNTRY, 2015-2023, ($MILLION)
TABLE 42. UK GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 43. GERMANY GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 44. FRANCE GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 45. ITALY GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 46. RUSSIA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 47. REST OF EUROPE GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 48. ASIA-PACIFIC GREEN COATINGS MARKET VOLUME, BY TYPE, 2015-2023, (KILOTONS)
TABLE 49. ASIA-PACIFIC GREEN COATINGS MARKET VALUE, BY TYPE, 2015-2023, ($MILLION)
TABLE 50. ASIA-PACIFIC GREEN COATINGS MARKET VOLUME, BY APPLICATION, 2015-2023, (KILOTONS)
TABLE 51. ASIA-PACIFIC GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 52. ASIA-PACIFIC GREEN COATINGS MARKET VOLUME, BY COUNTRY, 2015-2023, (KILOTONS)
TABLE 53. ASIA-PACIFIC GREEN COATINGS MARKET VALUE, BY COUNTRY, 2015-2023, ($MILLION)
TABLE 54. CHINA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 55. INDIA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 56. JAPAN GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 57. SOUTH KOREA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 58. AUSTRALIA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 59. REST OF ASIA-PACIFIC GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 60. LAMEA GREEN COATINGS MARKET VOLUME, BY TYPE, 2015-2023, (KILOTONS)
TABLE 61. LAMEA GREEN COATINGS MARKET VALUE, BY TYPE, 2015-2023, ($MILLION)
TABLE 62. LAMEA GREEN COATINGS MARKET VOLUME, BY APPLICATION, 2015-2023, (KILOTONS)
TABLE 63. LAMEA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 64. LAMEA GREEN COATINGS MARKET VOLUME, BY COUNTRY, 2015-2023, (KILOTONS)
TABLE 65. LAMEA GREEN COATINGS MARKET VALUE, BY COUNTRY, 2015-2023, ($MILLION)
TABLE 66. BRAZIL GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 67. SOUTH AFRICA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 68. KSA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 69. REST OF LAMEA GREEN COATINGS MARKET VALUE, BY APPLICATION, 2015-2023, ($MILLION)
TABLE 70. AKZONOBEL NV: COMPANY SNAPSHOT
TABLE 71. AKZONOBEL NV: OPERATING SEGMENTS
TABLE 72. ASIAN PAINTS LIMITED: COMPANY SNAPSHOT
TABLE 73. ASIAN PAINTS LIMITED: OPERATING SEGMENTS
TABLE 74. AXALTA COATING SYSTEM: COMPANY SNAPSHOT
TABLE 75. AXALTA COATING SYSTEM: OPERATING SEGMENTS
TABLE 76. BASF SE: COMPANY SNAPSHOT
TABLE 77. BASF SE: OPERATING SEGMENTS
TABLE 78. BERGER PAINTS INDIA LIMITED: COMPANY SNAPSHOT
TABLE 79. BERGER PAINTS INDIA LIMITED: OPERATING SEGMENTS
TABLE 80. DEUTSCHE AMPHIBOLIN WORKS SE (DAW): COMPANY SNAPSHOT
TABLE 81. DEUTSCHE AMPHIBOLIN WORKS SE (DAW): OPERATING SEGMENTS
TABLE 82. HEMPEL A/S: COMPANY SNAPSHOT
TABLE 83. HEMPEL A/S: OPERATING SEGMENTS
TABLE 84. JOTUN A/S: COMPANY SNAPSHOT
TABLE 85. JOTUN A/S: OPERATING SEGMENTS
TABLE 86. PPG INDUSTRIES: COMPANY SNAPSHOT
TABLE 87. PPG INDUSTRIES: OPERATING SEGMENTS
TABLE 88. THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
TABLE 89. THE SHERWIN-WILLIAMS COMPANY: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. GLOBAL GREEN COATINGS MARKET: SEGMENTATION
FIGURE 2. GLOBAL GREEN COATINGS MARKET, 2016-2023
FIGURE 3. GREEN COATINGS MARKET REVENUE SHARE BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 4. TOP INVESTMENT POCKETS, BY APPLICATION
FIGURE 5. TOP PLAYER POSITIONING
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. THREAT OF SUBSTITUTES
FIGURE 10. COMPETITIVE RIVALRY
FIGURE 11. MAJOR DRIVING FACTORS
FIGURE 12. MAJOR OPPORTUNITIES
FIGURE 13. U.S. GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 14. CANADA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 15. MEXICO GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 16. UK GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 17. GERMANY GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 18. FRANCE GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 19. ITALY GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 20. RUSSIA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 21. REST OF EUROPE GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 22. CHINA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 23. INDIA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 24. JAPAN GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 25. SOUTH KOREA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 26. AUSTRALIA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 27. REST OF ASIA-PACIFIC GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 28. BRAZIL GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 29. SOUTH AFRICA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 30. KSA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
FIGURE 31. REST OF LAMEA GREEN COATINGS MARKET, 2015-2023 ($MILLION/KILOTONS)
Green coatings is an area of potential growth in the global coatings market. This is attributed to government regulatory support, increase in awareness, and growth in applications for green coatings. The green tag has become a marketing tactic for manufacturers and having a low level of VOCs is emerging as a key selling point. Thus, all the major coating makers offer green coatings in their product portfolio. Green coatings have lower or no VOC emissions as described in standards of many environmental organizations such as U.S. EPA, South Coast Air Quality Management District (SCAQMD), Leadership in Energy and Environmental Design (LEEDS), and Green Seal.
Architectural coating is one of the most prevalent applications occupying nearly half of the market share in the global green coatings market. Also, it is the fastest growing segment during the analysis period. Automotive coatings is another major application with second highest growth rate during the forecast period.
Europe is the leading region in terms of consumption of different kinds of green coatings owing to strong regulations and bans on solvent-based coatings in certain nations. Further, Asia-Pacific region is anticipated to grow at the highest CAGR, owing to rapid development in infrastructural sector and increase in awareness among people regarding harmful VOCs emission. North America is expected to own second highest CAGR in the global green coatings market.
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