Bio Based Coating Market By Size, Share, Trends, Growth, Forecast 2028

Report Description

Global Bio Based Coating Market is projected to grow at an impressive rate through 2028. This can be ascribed to the growing demand for environmentally friendly coatings worldwide. This has been influenced by the stringent regulations in the developed parts of the world i.e Europe and North America regarding reducing carbon emissions and volatile organic compounds emissions to the environment. This in turn has brought a shift from solvent-based coatings to bio-based coatings, thereby supporting the market growth. In 2021, United States emitted approximately 11.9 million tons of volatile organic compounds (VOC), this is roughly one percent lower than that in 2020.

Bio Based Coatings are made up entirely or mostly of monomers from biological sources. These resins are environmentally friendly because they use plant-based materials instead of petrochemical-based ones. It has been a development for coatings to use bio-based raw materials.

The growing concerns about sustainability has brought a remarkable shift among various end user industries across the globe supporting the use of bio-based alternatives. This in turn has increased the demand for biobased coatings from the paints & coatings industry. Additionally, increasing global warming which has led to diminishing sea ice and rising temperatures. Seven of the ten warmest years on record have occurred in the last ten years. 2019's April, May, July, and August saw unprecedented lows for the area of Arctic Sea ice. As a result, consumers and producers have stated that the transition to a greener global economy needs to be accelerated. Consumers and manufacturers are moving away from materials derived from fossil fuels and toward sustainable solutions as demand for sustainable systems and carbon footprint sensitivity rise. The coatings sector is undergoing the same essential change and creating growth prospects for bio-based coatings market.

Health & Environmental Concerns

Concerns about health, as well as those for the environment, drive consumer demand for low-emission coatings. People want to breathe cleaner and healthier air inside and outside their homes. Consumers are increasingly worried about the dangerous materials interior paints might introduce into their homes. Consumers are concerned about hazardous emissions while painting interiors, especially children's rooms. Consumers and painters concur that personal safety is the most alluring recent development in wall paints. Customers increasingly prefer to purchase paints made from bio-based materials since they are thought to be healthier and more environmentally friendly. This in turn is expected to create lucrative opportunities for the growth of global bio-based coatings market.

Environmental Regulations

Environmental laws are a significant driver of the transformation and use of bio-based coatings, according to a survey by the European Coatings Journal. Around the world, environmental and safety laws have become stricter. Therefore, coating producers must focus on having safer and greener products. The most significant ecological danger to public health today is air pollution. Every year, it is responsible for nearly 7 million fatalities worldwide. Of this total, more than 2.3 million were attributable to indoor air pollution. Air toxicity in countries like China and India that are quickly industrializing has significantly increased over the years. Governments everywhere are restricting emissions and volatile organic compounds (VOC) to address these challenges. All these factors are expected to bring new prospects for the use of bio-based coatings.

Recent Developments

· In June 2022, Eco Safety company acquired Soy Technologies. This acquisition helped Eco Safety expand its portfolio of bio-based coatings and alternatives for methylene chloride.

· In January 2022, Covestro AG and Genomatica Inc announced that they have successfully produced significant amounts of a plant-based version of the chemical raw material HMDA (hexamethylenediamine). HMDA forms an important component for raw materials for coatings and adhesives produced by Covestro. Till date, HMDA was being manufactured from fossil feedstocks. Coatings and adhesives can be produced more sustainably using bio-based HMDA. This can be used across various end user industries including automotive, construction, textiles, among others.

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Market Segmentation

Global Bio Based Coating market is segmented based on source, VOC content, End-user, and region. Based on source, the market can be divided into Corn, Soybean, Bio Diesel, Sugarcane and Others. Based on VOC content, the market can be categorized into Zero VOC, Low VOC, VOC absorbing. By end user, the market can be segmented into architectural, woodwork, packaging, and others.

Market players

Akzo Nobel N.V., PPG Industries, Inc, Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd, The Dow Chemical Company, DSM N.V., Covestro AG, Arkema, and Genomatica, Inc. are some of the key market players.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2021 and 2022-2028
Report Coverage	Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Source · Material · End User
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Canada, Mexico; France, Germany, United Kingdom, Italy, Spain; China, India, Japan, South Korea, Australia; Brazil, South Africa, UAE, Saudi Arabia, Turkey, and Egypt.
Key companies profiled	Akzo Nobel N.V., PPG Industries, Inc, Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd, The Dow Chemical Company, Koninklijke DSM N.V.., Covestro AG, Arkema S.A., and Genomatica Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Bio Based Coating Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Bio Based Coating Market, By Source:

Corn
Soybean
Bio Diesel
Sugarcane
Others

Bio Based Coating Market, By VOC Content:

Zero VOC
Low VOC
VOC Absorbing

Bio Based Coating Market, By End User:

Architectural
Woodwork
Packaging
Others

Bio Based Coating Market, By Region:

North America

United States
Canada
Mexico

Europe

France
Germany
United Kingdom
Italy
Spain

Asia-Pacific

China
India
Japan
South Korea
Australia

South America

Brazil

Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Bio Based Coating Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Bio Based Coating Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Bio-Based Coating Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Source (Corn, Soybean, Bio Diesel, Sugarcane and Others)

5.2.2. By VOC Content (Zero VOC, Low VOC, VOC absorbing)

5.2.3. By End User (Architectural, Woodwork, Packaging, Others)

5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5. By Company (2022)

5.3. Market Map

5.3.1. By Source

5.3.2. By VOC Content

5.3.3. By End User

5.3.4. By Region

5.4. Pricing Analysis

6. North America Bio-Based Coating Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Source

6.2.2. By VOC Content

6.2.3. By End User

6.2.4. By Country

6.3. Pricing Analysis

6.4. North America: Country Analysis

6.4.1. United States Bio-Based Coating Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Source

6.4.1.2.2. By VOC Content

6.4.1.2.3. By End User

6.4.2. Mexico Bio-Based Coating Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Source

6.4.2.2.2. By VOC Content

6.4.2.2.3. By End User

6.4.3. Canada Bio-Based Coating Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Source

6.4.3.2.2. By VOC Content

6.4.3.2.3. By End User

7. Europe Bio-Based Coating Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Source

7.2.2. By VOC Content

7.2.3. By End User

7.2.4. By Country

7.3. Pricing Analysis

7.4. Europe: Country Analysis

7.4.1. France Bio-Based Coating Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Source

7.4.1.2.2. By VOC Content

7.4.1.2.3. By End User

7.4.2. Germany Bio-Based Coating Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Source

7.4.2.2.2. By VOC Content

7.4.2.2.3. By End User

7.4.3. United Kingdom Bio-Based Coating Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Source

7.4.3.2.2. By VOC Content

7.4.3.2.3. By End User

7.4.4. Italy Bio-Based Coating Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Source

7.4.4.2.2. By VOC Content

7.4.4.2.3. By End User

7.4.5. Spain Bio-Based Coating Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Source

7.4.5.2.2. By VOC Content

7.4.5.2.3. By End User

8. Asia-Pacific Bio-Based Coating Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Source

8.2.2. By VOC Content

8.2.3. By End User

8.2.4. By Country

8.3. Pricing Analysis

8.4. Asia-Pacific: Country Analysis

8.4.1. China Bio-Based Coating Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Source

8.4.1.2.2. By VOC Content

8.4.1.2.3. By End User

8.4.2. India Bio-Based Coating Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Source

8.4.2.2.2. By VOC Content

8.4.2.2.3. By End User

8.4.3. Japan Bio-Based Coating Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Source

8.4.3.2.2. By VOC Content

8.4.3.2.3. By End User

8.4.4. South Korea Bio-Based Coating Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Source

8.4.4.2.2. By VOC Content

8.4.4.2.3. By End User

8.4.5. Australia Bio-Based Coating Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Source

8.4.5.2.2. By VOC Content

8.4.5.2.3. By End User

9. South America Bio-Based Coating Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Source

9.2.2. By VOC Content

9.2.3. By End User

9.2.4. By Country

9.3. Pricing Analysis

9.4. South America: Country Analysis

9.4.1. Brazil Bio-Based Coating Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Source

9.4.1.2.2. By VOC Content

9.4.1.2.3. By End User

10. Middle East and Africa Bio-Based Coating Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Source

10.2.2. By VOC Content

10.2.3. By End User

10.2.4. By Country

10.3. Pricing Analysis

10.4. MEA: Country Analysis

10.4.1. South Africa Bio-Based Coating Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Source

10.4.1.2.2. By VOC Content

10.4.1.2.3. By End User

10.4.2. Saudi Arabia Bio-Based Coating Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Source

10.4.2.2.2. By VOC Content

10.4.2.2.3. By End User

10.4.3. UAE Bio-Based Coating Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Source

10.4.3.2.2. By VOC Content

10.4.3.2.3. By End User

10.4.4. Turkey Bio-Based Coating Market Outlook

10.4.4.1. Market Size & Forecast

10.4.4.1.1. By Value & Volume

10.4.4.2. Market Share & Forecast

10.4.4.2.1. By Source

10.4.4.2.2. By VOC Content

10.4.4.2.3. By End User

10.4.5. Egypt Bio-Based Coating Market Outlook

10.4.5.1. Market Size & Forecast

10.4.5.1.1. By Value & Volume

10.4.5.2. Market Share & Forecast

10.4.5.2.1. By Source

10.4.5.2.2. By VOC Content

10.4.5.2.3. By End User

11. Market Dynamics

11.1. Drivers

11.1.1. Health Concerns

11.1.2. Environmental Regulations

11.1.3. Growing Technological Advancement for Sustainable Development

11.2. Challenges

11.2.1. Strict Regulation and Monitoring

11.2.2. High Cost

12. Market Trends & Developments

12.1. Recent Developments

12.2. Mergers & Acquisitions

12.3. Product Launches

13. Porters Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Products

14. Competitive Landscape

14.1. Business Overview

14.2. Company Snapshot

14.3. Products & Services

14.4. Financials (In case of listed companies)

14.5. Recent Developments

14.6. SWOT Analysis

14.6.1. Akzo Nobel N.V.

14.6.2. PPG Industries, Inc

14.6.3. Sherwin-Williams Company

14.6.4. Nippon Paint Holdings Co. Ltd.

14.6.5. Kansai Paint Co. Ltd

14.6.6. The Dow Chemical Company

14.6.7. Koninklijke DSM N.V.

14.6.8. Covestro AG

14.6.9. Arkema S.A.

14.6.10. Genomatica, Inc

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

Who are the top players operating in Global Bio Based Coating Market?

Akzo Nobel N.V., PPG Industries, Inc, Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Kansai Paint Co. Ltd, The Dow Chemical Company, Koninklijke DSM N.V., Covestro AG, Arkema S.A., and Genomatica Inc. are the key players operating in global bio-based coating Market.

Report Description

Table of content

Figures and Tables

Frequently asked questions

Who are the top players operating in Global Bio Based Coating Market?

What is bio-based raw materials or source?

What are the major applications of bio-based coating?

What is the scenario for bio-based coatings market in the Europe?

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Report Description

Table of content

Figures and Tables

Frequently asked questions

Who are the top players operating in Global Bio Based Coating Market?

What is bio-based raw materials or source?

What are the major applications of bio-based coating?

What is the scenario for bio-based coatings market in the Europe?

Related Reports