Bio-based Coatings Market based on Type (Acrylic, Alkyds, Epoxy, Polyester, Urethane, Others); Application (Automotive, Wood, Paper, Building and construction, Food Packaging, Others) and Region - Global Forecast up to 2030

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Manufacturers have been pushed to create innovative technologies in the paints and coatings sector by regulations imposed on the limited use of volatile organic solvents in paint and coating manufacturing. Manufacturers are concentrating on creating new coatings that satisfy both the strict environmental regulations and performance requirements. For instance, the National Volatile Organic Compound Emission Standards for Architectural Coatings by the U.S. Environmental Protection Agency (EPA) intends to reduce the emissions of volatile organic compounds (VOCs) from the usage of architectural coatings. According to estimates, the regulation will cut annual VOC emissions by 113,500 tonnes. The market for bio-based paints and coatings is anticipated to increase as a result of this factor.

The market for bio-based paints and coatings has experienced significant expansion as a result of companies spending in R&D to create cutting-edge solutions. For instance, Sigma Air Pure, a new bio-based wall paint, was introduced to the consumer and professional sectors by PPG Industries, Inc. in 2017. The Decovery bio-based resin technology from DSM was used to create the new paint. The Decovery resins are produced utilising sustainable resources like sugar, sugar cane, vegetable oils, and agricultural waste.

Over the course of the forecast, Asia Pacific is anticipated to have the quickest growth rate in the market for bio-based paints and coatings. Demand for decorative paints may be driven by rising government spending in building corporate and commercial infrastructures. This is hence anticipated to fuel the market expansion of bio-based paints and coatings. As an illustration, the Indian government has chosen to expand its spending on infrastructure.

Research Methodology:

The market for bio-based paints and coatings is predicted to grow at the fastest rate in Asia Pacific during the course of the projection. An increase in government investment on infrastructure projects for businesses and corporations may be fueling the need for decorative paints. As a result, it is projected that this will stimulate the market for bio-based paints and coatings. As an example, the Indian government has decided to increase its infrastructure investment. The primary participants share is given below:

market research report

Bio-based Coatings Market based on Resin:

Alkyd
Polyurethane
Acrylic
Others

Bio-based Coatings Market on Application:

Architectural
Transportation
Woodworking
Packaging
Others

Bio-based Coatings Market based on Geography:

North America
- US
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

In terms of type, the ester solvents market segment dominated the overall market in 2020 and is predicted to expand at a CAGR of 4.8% over the next five years. This is ascribed to a rise in interest in activities relating to personal hygiene, where green/bio-based ester solvents are frequently utilised as intermediates in the production of detergents, industrial cleaning agents, and other goods. The ester solvents market section in the overall green/bio-based solvents industry may increase as a result of this.

The paints and coatings application segment dominated the global market in 2020 and is predicted to expand at a CAGR of 5.6% over the next five years. The demand for green/bio-based solvents has expanded as a result of factors like continuous economic expansion and an increase in foreign direct investment (FDI) influx in the building and construction sector. For instance, the Department for Promotion of Industry and Internal Trade (DPIIT) data shows that the construction industry attracted $25.38 billion in foreign direct investment (FDI) between April 2000 and June 2021. This might fuel expansion in the green/bio-based solvents market’s paints and coatings segment.

The green/bio-based solvents market in Asia-Pacific, which accounted for 21% of global sales in 2020, is expected to rise at the highest CAGR of 6.4% during the forecast period. This is explained by the rise in demand for markets in Asia-Pacific for paints and coatings, ink production, industrial, cosmetics, and medicinal products, among other things. The paint and coatings industry in China is expanding quickly, which has encouraged producers to create high-quality green and bio-based solvents for use in dispersing the ingredients in paint formulations. Asia-Pacific is also a desirable market for businesses due to low labour costs, low startup costs for manufacturing facilities, and low market costs. These elements fuel the demand for green/bio-based solvents in this area.

This report illustrates the most vital attributes of the Bio-based Coatings Market, which are driving and providing opportunities.
This research gives an in-depth analysis of the Bio-based Coatings Market growth on the basis of several segments in the market.
This report presents the predictions of the past and present trends of the Bio-based Coatings Market.
This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Bio-based Coatings Market.

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Resin: Market Size & Analysis
- Overview
- Alkyd
- Polyurethane
- Acrylic
- Others
Application: Market Size & Analysis
- Overview
- Architectural
- Transportation
- Woodworking
- Packaging
- Others
Geography: Market Size & Analysis
- Overview
- North America (U.S., Mexico, Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
- Latin America (Brazil, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution

Vendor Profiles
- BASF SE
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Cargill Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Clariant
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- DuPont
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Huntsman Corp
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- LyondellBasell Industries Holdings B.V.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- OQ SAOC
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Sasol
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Solvay S.A
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Vertec Biosolvents Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 2. BIO-BASED COATINGS MARKET FOR ALKYD, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 3. BIO-BASED COATINGS MARKET FOR POLYURETHANE, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 4. BIO-BASED COATINGS MARKET FOR ACRYLIC, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 5. BIO-BASED COATINGS MARKET FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)

TABLE 6. BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 7. BIO-BASED COATINGS MARKET FOR ARCHITECTURAL, 2021-2030 (USD BILLION)

TABLE 8. BIO-BASED COATINGS MARKET FOR TRANSPORTATION, 2021-2030 (USD BILLION)

TABLE 9. BIO-BASED COATINGS MARKET FOR WOODWORKING, 2021-2030 (USD BILLION)

TABLE 10. BIO-BASED COATINGS MARKET FOR PACKAGING, 2021-2030 (USD BILLION)

TABLE 11. BIO-BASED COATINGS MARKET FOR OTHERS, 2021-2030 (USD BILLION)

TABLE 12. NORTH AMERICA BIO-BASED COATINGS MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 13. NORTH AMERICA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 14. NORTH AMERICA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 15. U.S BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 16. U.S BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 17. CANADA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 18. CANADA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 19. MEXICO BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 20. MEXICO BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 21. EUROPE BIO-BASED COATINGS MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 22. EUROPE BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 23. EUROPE BIO-BASED COATINGS MARKET, RANGE, 2021-2030 (USD BILLION)

TABLE 24. GERMANY BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 25. GERMANY BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 26. U.K BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 27. U.K BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 28. FRANCE BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 29. FRANCE BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 30. ITALY BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 31. ITALY BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 32. SPAIN BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 33. SPAIN BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 34. ROE BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 35. ROE BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 36. ASIA PACIFIC BIO-BASED COATINGS MARKET, BY COUNTRY, 2021-2030 (USD BILLION)

TABLE 37. ASIA PACIFIC BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 38. ASIA PACIFIC BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 39. CHINA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 40. CHINA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 41. INDIA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 42. INDIA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 43. JAPAN BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 44. JAPAN BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 45. REST OF APAC BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 46. REST OF APAC BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 47. LATIN AMERICA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 48. LATIN AMERICA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 49. BRAZIL BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 50. BRAZIL BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 51. ARGENTINA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 52. ARGENTINA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 53. MIDDLE EAST AND AFRICA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 54. MIDDLE EAST AND AFRICA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 55. SAUDI ARABIA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 56. SAUDI ARABIA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 57. UAE BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 58. UAE BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 59. REST OF MIDDLE EAST AND AFRICA BIO-BASED COATINGS MARKET, BY RESIN, 2021-2030 (USD BILLION)

TABLE 60. REST OF MIDDLE EAST AND AFRICA BIO-BASED COATINGS MARKET, BY APPLICATION, 2021-2030 (USD BILLION)

TABLE 61. BASF SE: FINANCIALS

TABLE 62. BASF SE: PRODUCTS & SERVICES

TABLE 63. BASF SE: RECENT DEVELOPMENTS

TABLE 64. CARGILL INC.: FINANCIALS

TABLE 65. CARGILL INC.: PRODUCTS & SERVICES

TABLE 66. CARGILL INC.: RECENT DEVELOPMENTS

TABLE 67. CLARIANT: FINANCIALS

TABLE 68. CLARIANT: PRODUCTS & SERVICES

TABLE 69. CLARIANT: RECENT DEVELOPMENTS

TABLE 70. DUPONT: FINANCIALS

TABLE 71. DUPONT: PRODUCTS & SERVICES

TABLE 72. DUPONT: RECENT DEVELOPMENTS

TABLE 73. HUNTSMAN CORP: FINANCIALS

TABLE 74. HUNTSMAN CORP: PRODUCTS & SERVICES

TABLE 75. HUNTSMAN CORP: RECENT DEVELOPMENTS

TABLE 76. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: FINANCIALS

TABLE 77. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: PRODUCTS & SERVICES

TABLE 78. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: RECENT DEVELOPMENTS

TABLE 79. OQ SAOC: FINANCIALS

TABLE 80. OQ SAOC: PRODUCTS & SERVICES

TABLE 81. OQ SAOC: RECENT DEVELOPMENTS

TABLE 82. SASOL: FINANCIALS

TABLE 83. SASOL: PRODUCTS & SERVICES

TABLE 84. SASOL: RECENT DEVELOPMENTS

TABLE 85. SOLVAY S.A: FINANCIALS

TABLE 86. SOLVAY S.A: PRODUCTS & SERVICES

TABLE 87. SOLVAY S.A: RECENT DEVELOPMENTS

TABLE 88. VERTEC BIOSOLVENTS INC.: FINANCIALS

TABLE 89. VERTEC BIOSOLVENTS INC.: PRODUCTS & SERVICES

TABLE 90. VERTEC BIOSOLVENTS INC.: RECENT DEVELOPMENTS