Market Overview: Bio-based Paints and Coatings Market FY24-30
This reports provides an essential and dependable overview of the Bio-based Paints and Coatings Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Bio-based Paints and Coatings Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 9.4% (2024-2030)
The Global Bio-based Paints and Coatings Market size is valued at USD 12.05 billion in 2023 and estimated to grow at a CAGR of around 9.4% during the forecast period, i.e., 2024-30.
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Bio-based Paints and Coatings Market Opportunity:
Surge in Eco-friendly & Sustainable Furniture Companies to Create New Opportunity – Consumer preferences across the globe have evolved, with a greater emphasis on sustainable and ethical consumption, owing to which consumers have prioritized furniture that is manufactured using environment-friendly ways. Owing to this, many furniture manufacturers are introducing eco-friendly furniture to their portfolio. For instance,
- In 2023, Urban Ladder, a popular Indian furniture brand, introduced a sustainable furniture line called Karya. This range stands out by creatively utilizing biodegradable, safe materials to craft an eco-friendly board.
As furniture manufacturers seek to align with sustainability and environmental standards, they actively seek coating solutions that are low in volatile organic compounds (VOCs) and made from renewable resources. This would present a favorable landscape for bio-based paints and coating manufacturers to capitalize on the growing demand for sustainable and environment conscious solutions.
Bio-based Paints and Coatings Market Segmentation Analysis – FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Bio-based Paints and Coatings Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Bio-based Paints and Coatings Market segmentation is enlisted below:
By Resin Type
- Alkyd Resin – Market Size & Forecast 2019-2030, Thousand Tons
- Polyurethane Resin – Market Size & Forecast 2019-2030, Thousand Tons
- Acrylic Resin – Market Size & Forecast 2019-2030, Thousand Tons
- Others (Polylactic Acid (PLA) Resins, Cellulosic Resins, etc.) – Market Size & Forecast 2019-2030, Thousand Tons
By Application
- Architectural – Market Size & Forecast 2019-2030, Thousand Tons
- Automotive – Market Size & Forecast 2019-2030, Thousand Tons
- Woodworking – Market Size & Forecast 2019-2030, Thousand Tons
- Packaging – Market Size & Forecast 2019-2030, Thousand Tons
- Others (Agricultural & Farm Equipment, Electronics, etc.) – Market Size & Forecast 2019-2030, Thousand Tons
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Bio-based Paints and Coatings Market Competitive Landscape
Akzo Nobel N.V., Industria Chimica Adriatica SpA, PPG Industries, Inc, Sherwin Williams Company, NIPSEA Group , Tremco CPG Inc., Cortec Coporation, Baril Coatings B.V., Covestro AG, Industrias Químicas Masquelack, S.A., Others.
Bio-based Paints and Coatings Industry News:
- 2023: PPG launched SIGMAGLIDE® 2390 marine coating, which is a biocide-free fouling release coating based on the PPG HYDRORESET™ technology, which modifies the coating when it is immersed in water to create a smooth surface.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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