1. Market Research
  2. > Automotive Market Trends
  3. > Growth Opportunities in Global Green Coatings Market 2015-2020: Trend, Forecast, and Opportunity Analysis

Growth Opportunities in Global Green Coatings Market 2015-2020: Trend, Forecast, and Opportunity Analysis

  • January 2016
  • -
  • Lucintel

Summary

Table of Contents

According to a new market report published by Lucintel, the future of the global green coatings market looks good with opportunities in the architectural, automotive, industrial, wood, and packaging coatings. The global green coatings market is forecast to grow at a CAGR of 5.1% from 2015 to 2020. The major drivers of growth for this market are growth in end-use industries, stringent environmental regulations, and growing awareness towards volatile organic compounds (VOC) emissions. In this market, water-based and powder coatings are the major coating types used in the architectural, industrial, automotive, wood, and packaging industries. Lucintel predicts that the demand for water-based coatings is expected to witness the highest growth supported by government regulatory support, increasing awareness, and growth in applications for waterborne coatings globally.

On the basis of its comprehensive research, Lucintel forecasts that the architectural coatings segment is expected to depict an above average growth during the forecast period. Increase in global infrastructure spending, particularly for residential and commercial sectors, is expected to spur growth for this segment over the forecast period. Asia Pacific is expected to witness highest growth and will remain the largest market during the forecast period supported by growth of end use industries and increasing awareness about the benefits of green coatings. For market expansion, the report suggests innovation and new product development, where the unique characteristics of green coatings can be capitalized.

Some of the innovation areas in the green coatings could be in the areas of curing time and volatile organic compounds emission. The emerging trends, which have a direct impact on the dynamics of the industry, include the increasing use of ultraviolet curing coating, and use of plant-based sources to develop wood coatings. AkzoNobel NV., BASF, Axalta Coating System, PPG Industries, Sherwin-Williams Company, and Valspar Corporation are the major suppliers of the green coating. Some companies are opting for merger and acquisition as strategic initiatives for driving growth. Lucintel, a leading global strategic consulting and market research firm, has analyzed the green coatings market by coating type, application type, and region, and has come up with a comprehensive research report, “Growth Opportunities in Global Green Coatings Market 2015-2020: Trend, Forecast, and Opportunity Analysis”.

The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

The study includes a forecast for green coatings through 2020, segmented by coating type, application type, and region as follows:

By coating type (volume (B lbs) and $B shipment for 2009 - 2020):
• Water-based coatings
• Powder coatings
• High-solids coatings
• Radiation-cured coatings
By application type (volume (B lbs) and $B shipment for 2009 - 2020):
• Architectural coatings
• Industrial coatings
• Automotive coatings
• Wood coatings
• Packaging coatings
• Other coatings

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Digital Transformation of the Automotive Industry

Digital Transformation of the Automotive Industry

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

Digitalization Spending to Grow Rapidly to $82.01 Billion in 2020 Research Scope In 2015, automotive industry investments in key focus areas were about $19.57 billion. Growing digitalization and advancements ...

Global Connected Car Market Outlook, 2017

Global Connected Car Market Outlook, 2017

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

OEMs Plan to Embrace Servicification Model Targeting $50 Billion Aftersales Market While 200 New Start-ups Prepare to Disrupt the Industry with Unique Platform-based Business Models The 2017 connected ...

2017 Global Automotive Aftermarket Outlook

2017 Global Automotive Aftermarket Outlook

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

B2B eCommerce, Uberization of Repair Services will Draw Investment and Determine Competitive Strategy Global vehicles in operation will increase significantly over the 2017–2018 period, driving new opportunities ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.