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The global green coatings market size reached approximately USD 108.78 billion in 2023. The market is estimated to grow at a CAGR of 4.8% in the forecast period of 2024-2032, reaching a value of around USD 164.94 billion by 2032.
Green coating refers to eco-friendly coating that emits negligible VOC (volatile organic compounds) and other pollutants as compared to conventional coating. This coating has a minimal impact on the environment and human health and finds application in the automotive, architectural, and industrial sectors, among others.
Based on type, the market is divided into water-borne, powder, high-solids, and UV-cured coatings. The green coatings market segmentation, on the basis of end use, includes architectural, industrial, automotive, wood, and packaging, among others. The major regional markets of green coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the green coatings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The architectural sector occupies a significant portion of the green coatings market share, owing to the growing awareness regarding the harmful effects of VOC-based paints. There is also a rise in the demand for eco-friendly paints and coatings during the construction of buildings, due to their lower environmental impact compared to conventional paints and coatings.
Subsequently, the automotive sector is expected to witness sizeable growth in the foreseeable future, due to the surge in the production of electric vehicles and the growing trend of sustainability.
As per the green coatings market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to the growing adoption of environmentally friendly paints and coatings in the region. Stringent government regulations and initiatives regarding VOC emission and pollution control are further augmenting the market growth.
The surge in the construction and automotive sectors of the region also offers ample opportunities for the market growth. Additionally, research and developmental efforts by market players to enhance the properties of green coatings fuel the market development.
Akzo Nobel N.V. is a multinational provider of paints and coatings, founded in 1994 and based in Amsterdam, the Netherlands. The company promotes sustainability through its innovative, eco-friendly, and toxin-free painting solutions.
PPG Industries, Inc., incorporated in 1883, is a multinational paints and coatings company, headquartered in Pennsylvania, the United States. Some of its major products and services include architectural coating, automotive refinish, industrial coating, and speciality materials, among others.
Solvay SA, established in 1863, is a chemical, material, and solutions company, with its headquarters in Brussels, Belgium. The company offers its products for sectors like aerospace, automotive, agriculture, building, consumer goods, and healthcare, among others.
Other green coatings market players include Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Evonik Industries AG, The Sherwin-Williams Company, Arkema SA, DAW SE, and Lifetime Green Coatings, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Green Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Green Coatings Historical Market (2018-2023)
8.3 Global Green Coatings Market Forecast (2024-2032)
8.4 Global Green Coatings Market by Type
8.4.1 Water-Borne
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Powder
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 High-solids
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 UV-cured Coatings
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Green Coatings Market by End Use
8.5.1 Architectural
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Wood
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Packaging
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Green Coatings Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Green Coatings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Green Coatings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Green Coatings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Green Coatings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Green Coatings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Akzo Nobel N.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 PPG Industries, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Solvay SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nippon Paint Holdings Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Axalta Coating Systems, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Evonik Industries AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Sherwin-Williams Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Arkema SA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 DAW SE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Lifetime Green Coatings
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Green Coatings Market: Key Industry Highlights, 2018 and 2032
2. Global Green Coatings Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Green Coatings Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Green Coatings Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Green Coatings Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Green Coatings Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Green Coatings Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Green Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Green Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Green Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Green Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Green Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Green Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Green Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Green Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Green Coatings Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Green Coatings Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Green Coatings Market Structure
In 2023, the market reached an approximate value of USD 108.78 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 164.94 billion by 2032.
The major market drivers are the growth of the construction sector, stringent regulatory standards regarding the usage of VOC-based paint and coatings, and growing awareness regarding the harmful effects of VOC.
The key trends of the market include the growing usage of water-based coatings, increased prominence of UV-curable coating, the surge in demand for green or bio-derived resins, and the advent of radiation cure technology in coatings.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various types are water-borne, powder, high-solids, and UV-cured coatings.
The key players in the market are Akzo Nobel N.V., PPG Industries, Inc., Solvay SA, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Evonik Industries AG, The Sherwin-Williams Company, Arkema SA, DAW SE, and Lifetime Green Coatings, among others.
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