Europe to Dominate the Green Coatings Market
Europe will dominate the Green Coatings Market during the forecast period. Growth in population, economic development in UK, Spain, and Italy will have positive impact on Green Coatings market. Growth of architectural and automotive industries will also contribute to the growth of the environmentally friendly coatings. Governments’ interventions in the use of non hazardous products and the growing awareness about the use of these products will drive the demand for green coatings in the region. Asia-Pacific will have the fastest growth in the market due to the growing population, growth of automotive, packaging, and infrastructure industry.
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Selected Analysis done in the full Report: The architectural coatings segment will have the largest share in the Green Coatings Market during the forecast period. This is due to the growth of global infrastructure spending on residential and commercial segments. These sectors use waterborne coatings which have a big share in the market. The automotive coatings segment will be the second fastest growing application due to its rapid growth in the recent years.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
Growing demand for waterborne technology will drive the growth of the green powder coat in the forecast period.
Government focus on the environment will drive the demand for ecofriendly products, which in turn enhances the growth of the green coatings market. Growing awareness about Volatile Organic Compound (VOC) emissions has spurred the demand for green coatings.
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Key Players of the Green Coatings Market
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Axalta
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Valsapar
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PPG Industries Inc Asian Paints Limited
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Berger Paints India Limited and Others Download Sample Report
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