Global Bio-Based Coatings Market Size study, by Application (Internal Application, External Application), by VOC content (Zero VOC (VOC content less than 5 grams per litre), Low VOC (VOC content less than 50 grams per litre), VOC absorbing, Natural paints

Global Bio-Based Coatings Market Size study, by Application (Internal Application, External Application), by VOC content (Zero VOC (VOC content less than 5 grams per litre), Low VOC (VOC content less than 50 grams per litre), VOC absorbing, Natural paints), by Sector (Commercial sector, Industrial sector, Residential sector), by End-Use (Paints, Coatings, Adhesives And Printing Inks, Automobiles, Construction, Others) and Regional Forecasts 2022-2028

Global Bio-Based Coatings Market is valued at approximately USD 11.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.5 % over the forecast period 2022-2028. Bio-Based Coating is a covering made from renewable organic waste material and is used for covering the surface of an object for protective and decorative purposes. Evolving concerns apropos has brought a massive shift towards bio-Based alternatives and bio-Based coating is one of them. The bio-Based coating is immensely influenced by environmental reasons and this transition is expected to further skyrocket in upcoming years. Low emission and optimal performance have drastically influenced increasing sales of bio-Based coating. Manufacturers of bio-Based coating are increasingly investing in research and development to foster production more seamlessly. Two government-backed initiatives directly impact the use of bio-Based coatings. In the United States, the U.S. Department of Agriculture (USDA) Bio-Preferred Program, which began in 2002, was created to increase the purchase and use of bio-Based products, including paints and coatings. Also, Bio-Based resins are used to manufacture coating systems for end-use industries, such as building & construction and furniture. The majority of paints and varnishes are Based on fossil raw materials bio-Based resins are moving to the mainstream. However, the price is comparatively higher than fossil-Based coating products which may impede the growth of the market over the forecast period of 2022-2028. Bio-Based coatings undergo a complex process to become environment-friendly.

The key regions considered for the Bio-Based Coatings Market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. The Asia-Pacific is the fastest bio-Based coatings market in terms of value and volume during the forecast period. Asia-Pacific is expected to continue to lead in the forecast period owing to increased research and development activities

Major market players included in this report are:
PPG Industries, Inc. (US)
AkzoNobel N.V. (Netherlands)
Sherwin-Williams Company (US)
Nippon Paint Holdings Co., Ltd. (Japan)
Stora Enso OYJ (Finland)
IVC Chemicals
Benjamin Moore & Co.
Eco Safety Products
BASF SE
Cargill, Incorporated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Application:
Internal Application
External Application
By VOC Content:
Zero VOC (VOC content less than 5 grams per litre)
Low VOC (VOC content less than 50 grams per litre)
VOC Absorbing
Natural Paints
By Sector:
Commercial Sector
Industrial Sector
Residential Sector
By End-Use:
Paints, Coatings, Adhesives and Printing Inks
Automobiles
Construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Bio-Based Coatings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

AkzoNobel N.V. (Netherlands)
Sherwin-Williams Company (US)
Nippon Paint Holdings Co., Ltd. (Japan)
Stora Enso OYJ (Finland)
IVC Chemicals
Benjamin Moore & Co.
Eco Safety Products
BASF SE
Cargill, Incorporated
PPG Industries, Inc. (US)

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