Description: Green coating is a substance applied on the surface of an object for decoration or protection of the surface. It is produced using natural sources like vegetable oil, soy beans, castor oil and clay. The manufacturing process of green coating includes elimination of use of hazardous materials and increasing use of bio renewable and recycle material. Green coating manufacturers globally are working towards developing high performance coating that have less negative impact
on the
environment.
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Driving factors and Trends of the Green Coating Market: Government regulations for environment protection, rising urban population and increasing demand from end user industry including automotive & transportation and architecture industry. One of the major trends which will influenced the green coating market during the forecast period is the significant shift of consumers towards use of UV care coating and environmental friendly coatings. However, excessive cost associated with manufacturing and research & development of green coating is hindering the market growth. Waterborne coating segment dominated the global green coating market and accounted for highest market share in terms of volume. Owing to rising demand from automotive & transportation. Additionally, the metallic effect of waterborne coating is identical to conventional low-solids systems which further boosts the market.
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Amongst all major application, architectural coating dominated the green coating market and is projected to grow at high pace during the forecast period. Architectural coating segment is followed by automotive coating segment. The growth of the segment is attributed to rising construction spending in developed and developing economies. Asia Pacific dominates the global green coating market.