Bio-based Paints and Coatings Market Surpasses USD 12.05 billion in 2023, Propelling Towards 9.4% CAGR through 2030

Global Bio-based Paints and Coatings Market Size, Share, Trends, Analysis Future and forecast 2024-30

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Let’s Run Through the Bio-based Paints and Coatings Market Insights to Have a Clear View

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.

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Examining the Top Competitors of the Bio-based Paints and Coatings Market Size:

In this section, we will explore the Bio-based Paints and Coatings Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.

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

A Comprehensive Overview of Geographical Diversity:

the Global Bio-based Paints and Coatings Market expands across:

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

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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. For instance,

• In 2022, South Africa’s Ministry of Human Settlements, Water and Sanitation, announced the construction of six mega social housing projects in the coming two years, starting in the financial year 2022/23.

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.

Bio-based Paints and Coatings Market Segmentation Outline:

• By Resin Type (Alkyd Resin, Polyurethane Resin, Acrylic Resin, Others)
• By Application (Architectural, Automotive, Woodworking, Packaging, Others)

Key Questions Addressed in the Bio-based Paints and Coatings Market Research Report:

• What is the estimated size, share, & CAGR of the Bio-based Paints and Coatings Market in the forecast period?
• What are the key trends projected to impact the Bio-based Paints and Coatings Market during 2024-30?
• What are the different segments & sub-segments considered in the Bio-based Paints and Coatings Market research study?
• Who are the key stakeholders and players participating in the Bio-based Paints and Coatings Market?
• What would be the demand for different types of products/services in the Bio-based Paints and Coatings Market through 2030?

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Note: The Bio-based Paints and Coatings Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

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