Bio-based Paints and Coatings Market Share, Size & Demand

Global Bio-based Paints and Coatings Market Research Report: Forecast (2024-2030)

By Resin Type (Alkyd Resin, Polyurethane Resin, Acrylic Resin, Others), By Application (Architectural, Automotive, Woodworking, Packaging, Others), By Region (North America, South America, Europe, The... ... America, Europe, The Middle East & Africa, Asia-Pacific), By Company (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) Read more

Chemicals
Nov 2023
Pages 181
Report Format: PDF, Excel, PPT

Market Definition

Bio-based paints and coatings refer to environment-friendly paints and coatings derived from renewable resources, primarily plant-based or biological materials. They are formulated using vegetable oils, resins, natural pigments, and binders obtained from sustainable sources. The production process of bio-based paints and coatings involves low environmental effects when compared to traditional petroleum-based paints. They possess desirable properties such as low or zero volatile organic compound (VOC) content, which reduces indoor air pollution & potential health risks.

Market Insights & Analysis: Global Bio-based Paints and Coatings Market (2024-30):

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. Stringent environmental regulations and sustainability initiatives imposed by governments and organizations worldwide have been driving the demand for eco-friendly and low-VOC (volatile organic compounds) coatings. These paints and coatings are derived from renewable sources owing to which they have reduced environmental footprint. As a result, they are in alignment with sustainability norms, leading to increased adoption in applications such as architectural & construction, automotive, furniture and woodwork, packaging, etc.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	9.4%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
	South America: Brazil, Rest of South America
	Middle East & Africa: GCC, South Africa, Rest of MEA
Key Companies Profiled	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
Market Value (2023)	USD 12.05 Billion

The packaging industry has played a major role in enhancing the demand for bio-based coatings. Many brands and consumers were actively seeking eco-friendly & sustainable packaging options, owing to this many companies have released new and advanced sustainable plant-based bio-coatings, especially for food and beverage packaging. For Instance,

In 2022, Israeli company Melodea launched sustainable plant-based plastic alternatives for packaging, which is made from MelOx, a high-performance, plant-sourced barrier coating.

Hence, growing consumer preference for sustainable and eco-friendly products has prompted many brands to incorporate bio-based coatings in their packaging, which enhanced the market growth. Along with this, the shift towards bio-based coatings in the packaging industry is expected to continue in coming years as well, as more brands and consumers prioritize sustainability and seek innovative solutions for their packaging needs.

In addition to this, the application of bio-based coatings in sectors such as aerospace, marine, industrial, and healthcare has witnessed a surge driven by sustainability goals, regulatory requirements, and the need for environment-friendly solutions. The marine sector faced stringent environmental regulations aimed at reducing pollution and minimizing the impact of coatings on marine ecosystems.

Conventional marine coatings often contain toxic substances, such as heavy metals & volatile organic compounds (VOCs), which have been observed to leach into the water and harm marine life. Owing to this, bio-based coatings containing sustainable epoxy resin from companies such as Sicomin, Resoltech, etc., have been gaining traction in the marine sector. Furthermore, the governments of several European and North American countries have been recently coming up with regulations to support clean shipping. For instance,

In 2023, the European Commission presented five legislative proposals to modernize EU rules on maritime safety and prevent water pollution from ships.

Thus, as the government initiatives for tackling ship-source pollution are growing across the globe the adoption of bio-based paints and coatings in the marine sector is anticipated to surge during the forecast period.

Global Bio-based Paints and Coatings Market Research Report (2024-2030) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Bio-based Paints and Coatings Case Study Analysis
Global Bio-based Paints and Coatings- Key Conferences & Events
Global Bio-based Paints and Coatings Market Trends & Insights
Global Bio-based Paints and Coatings Market Dynamics
1. Growth Drivers
2. Challenges
Global Bio-based Paints and Coatings Market Supply Chain Analysis
Global Bio-based Paints and Coatings Market Policies, Regulations & Product Standards
Global Bio-based Paints and Coatings Market Porter’s Five Force Analysis
Global Bio-based Paints and Coatings Market Hotspot & Opportunities
Global Bio-based Paints and Coatings Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Resin Type
    1. Alkyd Resin - Market Size & Forecast 2019-2030, Thousand Tons
    2. Polyurethane Resin - Market Size & Forecast 2019-2030, Thousand Tons
    3. Acrylic Resin - Market Size & Forecast 2019-2030, Thousand Tons
    4. Others (Polylactic Acid (PLA) Resins, Cellulosic Resins, etc.) - Market Size & Forecast 2019-2030, Thousand Tons
  2. By Application
    1. Architectural - Market Size & Forecast 2019-2030, Thousand Tons
    2. Automotive - Market Size & Forecast 2019-2030, Thousand Tons
    3. Woodworking - Market Size & Forecast 2019-2030, Thousand Tons
    4. Packaging - Market Size & Forecast 2019-2030, Thousand Tons
    5. Others (Agricultural & Farm Equipment, Electronics, etc.) - Market Size & Forecast 2019-2030, Thousand Tons
  3. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  4. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
North America Bio-based Paints and Coatings Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Resin Type- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
4. Canada Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
5. Mexico Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
South America Bio-based Paints and Coatings Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Resin Type- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. Brazil
    2. Rest of South America
3. Brazil Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
Europe Bio-based Paints and Coatings Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Resin Type- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
4. Germany-Based 3D Printing Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
5. France Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
6. Italy Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
7. Spain Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
The Middle East & Africa Bio-based Paints and Coatings Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Resin Type- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. GCC
    2. South Africa
    3. Rest of the Middle East & Africa
3. GCC Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
4. South Africa Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
Asia-Pacific Bio-based Paints and Coatings Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Resin Type- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Rest of Asia Pacific
3. China Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
4. Japan Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
5. India Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
6. South Korea Bio-based Paints and Coatings Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Resin Type - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Application- Market Size & Forecast 2019-2030, Thousand Tons
Global Bio-based Paints and Coatings Market Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Akzo Nobel N.V.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Industria Chimica Adriatica SpA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. PPG Industries, Inc
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Sherwin Williams Company
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. NIPSEA Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Tremco CPG Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Cortec Coporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Baril Coatings B.V.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  9. Covestro AG
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  10. Industrias Químicas Masquelack, S.A.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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