The “Green Coatings Market by Types (Waterborne, Powder, High-Solids, Radiation Cure) & by Applications (Architectural Coatings, Automotive Coatings, Industrial Coatings, High Performance Coatings, Wood Coatings, Packaging Coatings, & Product Finishes) - Global Trends & Forecast to 2018”, analyzes the green coatings market with respect to market drivers, opportunities, and trends in the diverse geographical regions.
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Key content of this market:
Green coatings offer different characteristics as per the coatings manufacturing and their application requirements in the end products. The waterborne coatings have high demand at a global level and its manufacturing is majorly dominated by Asia-Pacific mainly by China, Japan, and India. The major industries for green coatings are architectural, automotive, industrial, high performance, wood, packaging, and product finishes.
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he Green Coatings report covers major coatings that emit extremely low or no VOCs, and these coatings include Waterborne Coatings, Powder Coatings, High-Solids Coatings, and Radiation Cure Coatings. The market is divided further on the basis of their major applications such as architectural coatings, automotive coatings, industrial coatings, high performance coatings, wood coatings, packaging coatings, & product finishes. Of these applications, the architectural coatings dominate other coatings types.
The impact of different market factors such as drivers and restraints has also been illustrated in the report for green coatings market. This provides one with an idea of the major drivers such as stringent environmental regulations, growing purchasing power, and greater economic growth in developing countries, growth in end-use industries, increasing investment in infrastructure; and restraints such as availability and cost of specialized raw materials needed for specific green coatings, economic slowdown in Europe, and the U.S. thus affecting the economy of other developed countries, and others that are of key importance for the commercial success of green coatings and their end-user market.
The current worth of the global green coatings market (2012) is $60.6 billion and is estimated to reach $85.7 billion by 2018, growing at a CAGR of 5.9% from 2013 to 2018 under normal conditions. The high demand across the industries such as architectural and decorative, automotive, wood coatings, packaging, and product finishes will increase the overall materials consumption.