Market Insights: Bio-based Paints and Coatings Industry Size, Share, and Growth Forecasts for 2030

Quick Overview of the Global Bio-based Paints and Coatings Market Analysis

The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Global Bio-based Paints and Coatings Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Market Insights & Analysis: Global Bio-based Paints and Coatings Market (2024-30):

According to the latest report, the Global Bio-based Paints and Coatings Market size is valued at USD 12.05 billion in 2023 and estimated to grow at a CAGR of around 9.4% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2024-30.

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Global Bio-based Paints and Coatings Market Driver:

Transition of the Construction Sector Towards Sustainability to Drive the Demand – The construction sector globally has undergone a transition towards sustainability, which has been driven by various factors, including environmental concerns and government measures to meet climate change goals. The construction sector in countries such as the UAE, Germany, Norway, Singapore, etc., has enhanced its focus on innovation, sustainability, and the circular economy. Moreover, real estate investments across the residential and commercial sectors have been growing across the regions like Middle East and Asia-Pacific among others.

These activities combined with the transition of the construction sector toward construction techniques that were less damaging to the environment have enhanced the demand for bio-based paints and coatings in the sector. Furthermore, many real estate investors and developers in Singapore, the UAE, Saudi Arabia, etc., have prioritized green building certifications, such as LEED and BREEAM, which promote sustainable construction practices. These certifications often require the use of eco-friendly materials, including bio-based paints and coatings, to meet their environmental criteria, which would also play a major role in market expansion during the forecast period.

Market Bifurcations Based on Different Segments:

The Bio-based Paints and Coatings Market covered in this report is segmented into:

-By Resin Type

Alkyd Resin
Polyurethane Resin
Acrylic Resin
Others (Polylactic Acid (PLA) Resins, Cellulosic Resins, etc.)

Acrylic Resin has registered significant growth in the Global Bio-based Paints and Coatings Market, as they offer excellent performance characteristics, including good adhesion, durability, weather resistance, and color retention. Owing to this, the paints and coatings made from these resins have been widely used in various applications, including architectural, automotive, and industrial sectors. The construction sector has played a major role in substantiating the higher sales of acrylic resin-based coatings. Owing to this, many paints and coating manufacturers have launched bio-based acrylic paints to cater to this incoming demand.

-By Application

Architectural - Market Size & Forecast 2019-2030, Thousand Tons
Automotive - Market Size & Forecast 2019-2030, Thousand Tons
Woodworking - Market Size & Forecast 2019-2030, Thousand Tons
Packaging - Market Size & Forecast 2019-2030, Thousand Tons
Others (Agricultural & Farm Equipment, Electronics, etc.) - Market Size & Forecast 2019-2030, Thousand Tons

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On the geographical front, the Bio-based Paints and Coatings Market expands across the following:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Companies Listed in Bio-based Paints and Coatings Market

Akzo Nobel N.V.
Industria Chimica Adriatica SpA
PPG Industries, Inc
Sherwin Williams Company
NIPSEA Group
Tremco CPG Inc.
Cortec Coporation
Covestro AG
Industrias Químicas Masquelack, S.A.
Others

Bio-based Paints and Coatings Market Report Table of Contents Includes:

Introduction
Executive Summary
Expert Verbatim- What our Experts Say?
Bio-based Paints and Coatings Management Market Pricing Analysis
Competitive Outlook
Disclaimer

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Reasons to Buy the Market Report

The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the Bio-based Paints and Coatings Marketto plan their strategic investments.
The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.
With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years.
The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the Bio-based Paints and Coatings Market.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.