According to a new market report published by Lucintel, the future of the global green coatingsmarket looks good with opportunities in the architectural, automotive, industrial, wood, andpackaging coatings. The global green coatings market is forecast to grow at a CAGR of 5.1%from 2015 to 2020. The major drivers of growth for this market are growth in end-use industries,stringent environmental regulations, and growing awareness towards volatile organic compounds(VOC) emissions.In this market, water-based and powder coatings are the major coating types used in thearchitectural, industrial, automotive, wood, and packaging industries. Lucintel predicts that thedemand for water-based coatings is expected to witness the highest growth supported bygovernment regulatory support, increasing awareness, and growth in applications for waterbornecoatings globally. On the basis of its comprehensive research, Lucintel forecasts that thearchitectural coatings segment is expected to depict an above average growth during the forecastperiod. Increase in global infrastructure spending, particularly for residential and commercialsectors, is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to witness highest growth and will remain the largest market during theforecast period supported by growth of end use industries and increasing awareness about thebenefits of green coatings.
For market expansion, the report suggests innovation and new product development, where theunique characteristics of green coatings can be capitalized. Some of the innovation areas in thegreen coatings could be in the areas of curing time and volatile organic compounds emission.
The emerging trends, which have a direct impact on the dynamics of the industry, include theincreasing use of ultraviolet curing coating, and use of plant-based sources to develop woodcoatings. AkzoNobel NV., BASF, Axalta Coating System, PPG Industries, Sherwin-WilliamsCompany, and Valspar Corporation are the major suppliers of the green coating. Somecompanies are opting for merger and acquisition as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the greencoatings market by coating type, application type, and region, and has come up with acomprehensive research report, “Growth Opportunities in Global Green Coatings Market2015-2020: Trend, Forecast, and Opportunity Analysis”. The Lucintel report serves as aspringboard for growth strategy, as it provides a comprehensive data and analysis on trends, keydrivers, and directions. The study includes a forecast for green coatings through 2020,segmented by coating type, application type, and region as follows:
By coating type (volume (B lbs) and $B shipment for 2009 - 2020):
- Water-based coatings
- Powder coatings
- High-solids coatings
- Radiation-cured coatings
By application type (volume (B lbs) and $B shipment for 2009 - 2020):
- Architectural coatings
- Industrial coatings
- Automotive coatings
- Wood coatings
- Packaging coatings
- Other coatings
By region (volume (B lbs) and $B shipment for 2009 - 2020):
- North America
- Asia Pacific
- Rest of the World
This report answers following 11 key questions:
Q.1 What are some of the potential, high-growth opportunities for coatings in the green coatingsindustry by type, application, and region?
Q.2 Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers, challenges, andbusiness risks in this market?
Q.5 What are the business risks and competitive threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing requirements and demands of customers in the market?
Q.8 What are some of the new products in the market and which companies are leading thesedevelopments?
Q.9 Who are the major players in this market? What strategic initiatives are being implementedby key players for business growth?
Q.10 What are some of the competing products in this area, and how great a threat do they posefor loss of market through product substitution?
Q.11 What M & A activity has occurred in the last 1- 2 years and describe its impact?
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s stringent economy,you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many morethat operate in this market.
Some of the features of “Growth Opportunities in Global Green Coatings Market 2015-2020:Trend, Forecast, and Opportunity Analysis” include:
- Market size estimates: Global green coatings market size estimation in terms of volume(B lbs) and value ($ Bil) shipment.
- Trend and forecast analysis: Global green coatings market trend (2009-2014) andmforecast (2015-2020) by region and segments.
- Segmentation analysis: Global green coatings market size by various coating types such as radiation - cured coatings, water - based coatings, powder coatings, and high- solid coatings in terms of volume and value shipment.
- Regional analysis: Global green coatings market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global green coatings suppliers.
- Emerging applications: Emerging applications of global green coatings in various markets.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.