Green Coatings Market Outlook Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2028
Increasing environmental awareness in the developing regions displaying larger spend on infrastructure is the vital factor escalating the market growth, also increasing demand for waterborne and powder coating to substitute solvent borne coatings especially in the industrial and automotive application, increase in architectural sector in developing countries such as China, Japan, increasing demand for radiation cure coatings and plant-based wood coatings, rising awareness towards volatile organic compounds (VOC) emissions, rising usage of the ultraviolet curing coating and plant-based sources for the production of the wood coating and increasing awareness of health and environmental impacts due to volatile organic compounds are the major factors among others driving the green coatings market. Moreover, rising advancement in coatings technology, rising use of radiation cure coatings, rising research and development activities and rising demand of the product from numerous end-user industries will further create new opportunities for the green coatings market in the forecast period of 2021- 2028.
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