Sellbyville, DE -- (SBWIRE) -- 05/08/2019 -- The Green Coatings Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

Green Coatings Market size is expected to witness dynamic growth due to its growing usage in end use industries including, automotive, architectural, wood and packaging. Stringent government norms on eco-friendly products and limitations created by REACH, EPA and other healthcare & environmental agencies is projected to fuel industry demand.

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Increasing investments by major players in research & development activity had led to the innovation of green coatings that are non-hazardous. Growth of aviation, automotive and infrastructure industry will provide positive outlook to the industry. With high-tech technologies and government regulations, manufacturers are producing varnishes that have similar performance to that of conventional coverings. Another key factor for the rise in green coatings market is its superior performance relative to other varnishes. The major restraints for green coatings market are the fluctuating raw material prices and easy availability of the product.

Green coatings are used in various industries named, automotive, industrial, architectural, high performance, wood and packaging. Recently, the product demand has increased in architectural industry owing to the aesthetic appeal provided by the product. However, automotive coverings segment is expected to up surge rapidly with the recent developments in automobile industry.

North America dominated by the U.S and Canada will witness significant growth for green coatings market due to rapid growth in construction activities. After the recovery from economic crisis, the number of housing and commercial activity rate has increased in this region which will boost the industry growth. North America is the major hub for producing green coatings in this region. Latin America, Mexico will observe a increased consumption of the products on wood appliances with the growth in furniture manufacturing industries.

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MEA green coatings market will experience significant growth owning increased growing focus towards activities including, roads & highways, education, water & wastewater treatment, infrastructure and social services.

Green coatings market is highly competitive with presence of many regional manufacturers. Some of the key players are Bayer Material Science, DSM, Arkema, Omnova solutions and Allnex. Other prominent industry players including BASF, Nippon, Valspar, PPG, Axalta, Sherwin Williams, Masco, Asian paints and AkzoNobel are involved in this market.

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