In a recent published report, Kenneth Research has updated the market report for Green Coating Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Green Coating Market products.
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On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
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.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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
Africa
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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