Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Green coating is ideally produced using the different natural source like vegetable oil, soy beans, castor oil and others. These coating are majorly manufactured to provide high performance coating thereby reducing negative impact on environment. The coating is ideally applied on the surface of an object for decoration or protection of surface. Also, the coating maximizes the consumption of natural resources further providing advantage for producing durable finishing coating with resistance to different environmental conditions. Besides, rising demand for different green coating in majorly end use application is likely to propel the market demand across the globe.
The global green coating market is majorly driven by factor such rising government regulation for environment protection in different application like architectural coatings, industrial coatings, to reduce the environmental harmful impact. Likewise, growing demand from end user industry for green coating is expected to fuel the market demand across the globe. Also, growing urban population and increasing trend to use UV care coating and environmental friendly coating will boost the market growth. Additionally new innovation in product launch, rising expansion of production facility will drive the global green coatings market
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the green coatings market. In addition, complete analysis of changes on the green coatings market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The green coatings market comprises of different market segment like type, application and geography.
By type, the green coatings includes key segment of waterborne coatings, powder coatings, high-solids coatings, radiation cure coatings. In the global green coatings market, by type, waterborne coating is anticipated to gain major market owing to emerging demand due to feature and properties of waterborne green coating to protect against sunlight, wind, and rain. Also, shifting trend to utilize the environment friendly coating in different application like architectural coatings, automotive coatings is the key factor driving the demand for segment. Likewise, powder coatings followed by radiation cure coatings is expected to contribute in the growth of market during the forecast period.
The green coatings market finds its application in architectural coatings, industrial coatings, automotive coatings, wood coatings, and packaging coatings. Architectural coatings dominated the market owing to rising number of new innovative green coating products in market. Besides, growing demand for interior and exterior coating in architectural new construction and renovation is expected to fuel the market growth. Likewise, automotive coatings is anticipated to witness emerging demand as these green coating ideally prevent the UV damage , protect the automotive against corrosion and adds gloss and shine to the structure.
The global green coatings market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific dominated the market as the region has rising development of new construction, industrialization which is expected to drive the market growth. Also, growing automotive industry in key countries like China, India among others is anticipated to propel the market growth. Besides, growing awareness among consumer for environment friendly coating is the key factor for the growth of market. Likewise, Europe is expected to witnessing growth at highest pace during the estimated time period.
The key players in green coatings market are AkzoNobel NV, Asian Paints Limited, Axalta Coating Systems Llc, BASF SE, Berger Paints India Limited, Deutsche Amphibolin Works Se (Daw), Hempel A/S, Henkel, Jotun A/S, Kansai Paint Company Limited, Masco Corporation, Nippon Paint Company Ltd., PPG Industries Inc., Rpm International Inc, Sika, The Sherwin-Williams Company, The Valspar Corporation and Tikkurila OYJ
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The report analyses the green coatings market based on type, application and geography. By type, the green coatings includes key segment of waterborne coatings, powder coatings, high-solids coatings, radiation cure coatings. In the global green coatings market, by type, waterborne coating is anticipated to gain major market The green coatings market finds its application in architectural coatings, industrial coatings, automotive coatings, wood coatings, and packaging coatings. Architectural coatings dominated the market owing to rising number of new innovative green coating products in market .The global green coatings market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
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