,” the Green Coatings market is driven by strict environmental regulations and growth in the end user industries.
Europe to Dominate the Green Coatings Market:
Europe will dominate the Green Coatings Market during the forecast period. Growth in population, economic development in UK, Spain, and Italy will have positive impact on Green Coatings market. Growth of architectural and automotive industries will also contribute to the growth of the environmentally friendly coatings. Governments’ interventions in the use of non-hazardous products and the growing awareness about the use of these products will drive the demand for green coatings in the region. Asia-Pacific will have the fastest growth in the market due to the growing population, growth of automotive, packaging, and infrastructure industry.
Selected Regulatory Analysis Done in the Full Report:
The architectural coatings segment will have the largest share in the Green Coatings Market during the forecast period. This is due to the growth of global infrastructure spending on residential and commercial segments. These sectors use waterborne coatings which have a big share in the market. The automotive coatings segment will be the second fastest growing application due to its rapid growth in the recent years.
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Selected Driving Factors Mentioned in the Full Report:
Growing demand for waterborne technology will drive the growth of the green powder coat in the forecast period.
Government focus on the environment will drive the demand for ecofriendly products, which in turn enhances the growth of the green coatings market.
Growing awareness about Volatile Organic Compound (VOC) emissions has spurred the demand for green coatings.
Increase in housing construction activities boosts the green coatings market in the forecast period.
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Key Players of the Green Coatings Market:
The key players of the Green Coatings Market include Axalta, Valsapar, and PPG Industries. Axalta was recently conferred the Outstanding Environmental Technology Award in Shanghai China for its contribution to environmental sustainability. The award has recognized Axalta’s effort in producing surface treatment solutions that meet the demands for the industry for high performance coatings. Valsapar provides uniform coatings and protection across many application environments. PPG provides environmental friendly technologies and products to customers and focuses on product improvement.
Browse Related Reports:
- Waterborne Coatings Market: By Type ( Acrylic, Alkyd, Urethane, Epoxy and Others); By Formulation (Water, Solvent and Powder); By Component; By End User (General Water Borne, Automotive, Coil & Extrusion, Heavy Duty Equipment and Others); By Geography (North America, Europe, APAC and Row) - Forecast(2018-2023)
- Automotive Refinish Coatings Market: By Technology (Solvent-borne, Aqueous, Powdered, Others) By Layers (Surfacers, Sealers, Primers, Undercoats, Topcoats, Others) By Component; By Vehicles (Passenger Car, Commercial Vehicle, Motorcycle) By Geography (North America, Europe, APAC and Row) - Forecast(2018-2023)
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