Global Quick Overview of the Bio-based Paints and Coatings Market Analysis

The objective of the Global Bio-based Paints and Coatings Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, 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. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Opportunity Contributing in the Bio-based Paints and Coatings Industry:

Global Bio-based Paints and Coatings Market Driver:

Transition of the Construction Sector Towards Sustainability to Drive the Demand – The construction sector globally has undergone a transition towards sustainability, which has been driven by various factors, including environmental concerns and government measures to meet climate change goals. The construction sector in countries such as the UAE, Germany, Norway, Singapore, etc., has enhanced its focus on innovation, sustainability, and the circular economy. Moreover, real estate investments across the residential and commercial sectors have been growing across the regions like Middle East and Asia-Pacific among others.

A Detailed Outlook of Bio-based Paints and Coatings Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed 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

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/bio-based-paints-coatings-market.html

Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Europe had registered the highest demand for bio-based paints and coatings, as the region has been at the forefront of sustainable practices and has implemented stringent regulations and policies to promote environment-friendly products, including coatings. The region has a strong focus on reducing carbon footprint, increasing resource efficiency, and promoting circular economy principles. This has resulted in higher adoption of bio-based paints and coatings in, automotive, and packaging.

Lead the Bio-based Paints and Coatings Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

  • 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

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Global Bio-based Paints & Coatings Industry Recent Development:

  • 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.
  • 2022: Cortec Corporation introduced EcoAir bio-based outdoor coating powered by Nano VpCI. This shift toward a biobased ingredient enhances sustainability and reduces reliance on fossil fuels, contributing to a more environmentally responsible product.

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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