Global Green Coating Industry was valued at USD 90 Billion in the year 2017. Global Green Coating Industry is further estimated to grow at a CAGR of 5.65% from 2019 to reach USD 139.52 Billion by the year 2025.
Europe region holds the highest Industry share in 2017 and North America considered as the fastest growing Industry in the forecasted period. At a country level, developed Industrys like U.K, Italy, Spain holds a substantial Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
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Major Market players in Green Coating Industry are Asian Paints Limited, BASF SE, Deutsche Amphibolin Works Se (Daw), Masco Corporation, Akzonobel N.V., Berger Paints India Limited,
The Valspar Corporation, Kansai Paint Company Limited, Axalta Coating System, PPG Industries Inc., Masco Corporation, Nippon Paint Company Ltd . Rising research and development expenses to address the changing demand of end users.
Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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SWOT Analysis of Green Coating Industry:
Strength:
Development in the industrialization across the globe
Weakness:
Uneven prices of raw materials
Opportunities:
Increasing demand in the automotive sector
Threats:
Threats from substitute product
Green Coating Industry Segmentation:
By Type
- • High-Solids
- • Waterborne
- • Radiation Cure
- • Powder
By Application
- • Automotive Coatings
- • Packaging Coatings
- • Architectural Coatings
- • Wood Coatings
- • Industrial Coatings
- • Others
By Region
North America
- • USA
- • Canada
Europe
- • Germany
- • U.K.
- • France
- • Italy
- • Rest of Europe
APAC
- • China
- • India
- • Japan
- • Rest of Asia-Pacific
RoW
- • Latin America
- • Middle East & Africa
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