Study Predicts Market for Green Coatings to Reach $101 Billion by 2024

摘要

DUBLIN-According to a new study from Research and Markets,the green coatings market is projected to grow at a compound annual growth rate of 4.82% to reach $101,121 billion by 2024,up from $76,256 billion in 2018.Growing regulations regarding VOC emissions are forcing coatings manufacturers to develop green coatings.Rising demand across industries,such as automotive and architectural,for sustainable coatings solutions to replace solventborne coatings is another major driver of the green coatings market.Capacity expansion by green coatings manufacturers will further bolster the market.Geographically,North America holds the major market share due to strict environmental regulations coupled with heightened awareness and investment to develop environment-friendly coating solutions.