Evolving concerns apropos of sustainability have induced a massive shift toward bio based alternatives, with bio-based coatings being one of them. The transition of paint and coatings industry toward bio-based coatings remains immensely influenced by environmental reasons and this transition is likely to scale new heights in the upcoming years. With increasing awareness in the society apropos of environmentally-responsible products, the sales of bio-based coatings is set to increase by a significant margin in the upcoming years. Development of green products in the paints and coatings industry is one of the megatrends fostering demand for bio-based coatings.
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Key findings of the Bio-based Coatings Market study:
Regional breakdown of the Bio-based Coatings Market based on predefined taxonomy.
Innovative manufacturing processes implemented by Bio-based Coatings vendors in detail.
Region-wise and country-wise fragmentation of the Bio-based Coatings Market to grasp the revenue, and growth outlook in these areas.
Changing preferences among consumers across various regions and countries.
Factors (Positive and Negative) impacting the growth of the global Bio-based Coatings Market.
The bio-based coatings market can be segmented on the basis of area of application, VOC content, sector and end use industries.
On the basis of area of application, bio-based coatings can be segmented by:
On the basis of VOC content, bio-based coatings can be segmented into:
Zero VOC (VOC content less than 5 grams per liter)
Low VOC (VOC content less than 50 grams per liter)
On the basis of sector, bio-based coatings can be segmented as:
On the basis of end use, bio-based coatings can be segmented by:
Paints, coatings, adhesives and printing inks
Region wise, Asia Pacific is a big market accounting for a larger global share of bio-based coatings. Asia Pacific is followed by Europe and North America. Latin America and Middle East and Africa regions are observed to generate almost equal demand and the global scenario is expected to remain the same.
List of Key Market Players:
AURO Pflanzenenchemie AG
Benjamin Moore & Co.
Eco Safety Products
Nippon Paint Holdings Co., Ltd.
KCC PAINTS SDN BHD.
NOROO Paint & Coatings Co.,Ltd.
Reliance Industries Ltd.
Japan Polypropylene Corporation
I. du Pont de Nemours and Company
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Currently, in the global coatings market, bio-based coatings account for a very small share. However, the volumes of bio-based coatings being used globally is rising and the demand is set to follow an upward trajectory. A higher share of bio-based coatings is being used in the paints, surface coatings and printing inks sectors.
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