Exploring the Global Landscape of Green Coatings Market for Sustainable Flooring Solutions

 

The Green Coatings Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Green coatings refers to environment-friendly coatings that emit low or no volatile organic compounds (VOCs) during drying or curing. These coatings are applied on surfaces to protect and decorate, and are widely used in construction, automotive, and packaging industries.

Market Dynamics:

The green coatings market is driven by increasing demand for environmentally-friendly products to reduce carbon footprint. Water-borne coatings are becoming increasingly popular as they contain very little or no organic solvents and have low VOC emission during application. Stringent government regulations regarding VOC emissions from coatings and advances in green coating technologies are also fueling market growth. The rising adoption of energy-efficient green buildings worldwide in accordance with green building standards such as LEED further supports the expanding market size of green coatings over the forecast period from 2023 to 2030.

Growing Environmental Concerns Driving Demand for Green Coatings

Environmental protection has become a major priority globally in recent years. With increasing pollution levels and the looming threat of climate change, consumers and businesses alike are seeking more sustainable products and solutions. Green coatings are finding growing acceptance as they offer environment-friendly alternatives to traditional solvent-based coatings. Their lower VOC content helps reduce air and water pollution during manufacture and application. They also have superior durability which translates to less frequent re-painting needs. All of these factors are appealing to environmentally-conscious customers. Governments across the world are also introducing more stringent regulations mandating the use of greener coatings in construction and other industries. This supportive policy environment is encouraging higher uptake of green solutions.

Increasing Green Building Projects Fuel Need for Sustainable Coatings

With the real estate sector waking up to the business case for sustainable construction, green building projects are proliferating globally. Green building certification schemes like LEED rate construction projects based on criteria like energy-efficiency, water conservation and waste management – all areas where green coatings provide advantages. Contractors working on these certified projects need to use coating solutions that meet the certification standards. This growing Infrastructure is opening vast market potential for specialized green coatings. Major builders are also actively promoting the use of eco-friendly products in new projects to attract environmentally-conscious home buyers and tenants. The momentum of green building trends signals stable growth prospects for green coatings makers.

Stringent Regulatory Environment Restricts Certain Chemistries

While regulations to curb pollution are benefitting green coatings adoption, they also pose challenges for conventional coatings companies in transitioning to greener product lines. Strict laws globally on using hazardous chemicals like volatile organic compounds (VOCs), heavy metals, and other toxic ingredients are restricting the utility of certain chemistries in coatings. Reformulating products to comply with ever-tightening standards involves heavy R&D investments. The lengthy product approval process also extends the time taken to replace non-compliant formulations. For smaller coatings players especially, coping with a stringent regulatory landscape strains their financial and technical capabilities. Navigating the complex web of international regulations thus acts as a short-term restrain on the migration of the entire industry towards sustainability.

Opportunities in Infrastructure Revamp Programs

Governments across developing economies are launching massive infrastructure expansion and urban renewal plans. As part of their economic recovery stimulus packages, spending on projects for roads, bridges, rail networks, utilities, and civic amenities is being prioritized. Since these public infrastructure assets require frequent repainting and maintenance, their construction provides a steady stream of business for coatings providers. By promoting their green credentials, coating companies can tap into the opportunities thrown up by ongoing infrastructure overhauls happening worldwide. Governments may also incentivize using eco-friendly solutions in public works through green public procurement policies. This presents a valuable commercial avenue for green coatings especially in emerging markets undergoing high growth in construction spending.

Rise of Powder Coating Technology Driving Market Evolution

A notable trend in green coatings is the increasing shift from liquid to powder coating applications due to their inherent environmental advantages. Powder coatings eliminate the use of solvents, resulting in zero VOC emissions during curing and application. They also allow for a highly automated and more output-efficient coating process. Major coating formulators are widening their powder coating product lines and upgrading application infrastructure to serve different market segments. Auto makers, appliance manufacturers and other mass producers are embracing powder coating on a wide scale. As environmental protection gains prominence, powder coating technology will see more diverse use beyond industrial metal finishing. Its integration into other markets like construction is expected to open new profitable segments for innovative coatings players.


Comments

Post a Comment

Popular posts from this blog

Instant Dry Yeast Market Trending Business Factors and Upcoming Opportunities

Image
  Instant Dry Yeast  Instant dry yeast, also known as rapid-rise yeast, is a type of yeast that is commonly used in baking. It is a form of dry yeast that has been processed to reduce its moisture content, which makes it easier to store and use. Unlike active dry yeast, which needs to be dissolved in warm water before use, instant dry yeast can be mixed directly with the other dry ingredients in a recipe. It is also more potent than active dry yeast, so less of it is needed to leaven the same amount of dough. Instant dry yeast is a popular choice among home bakers because it produces consistent and reliable results. It can be used in a wide variety of baked goods, including bread, pizza dough, cinnamon rolls, and more. It has a longer shelf life than fresh yeast, but it should still be stored in a cool, dry place and used before its expiration date for best results. Instant Dry Yeast Market The global instant dry yeast market has been experiencing steady growth in recent yea...
Read more

Banana Puree Market Global Industry Analysis, Key Players and Forecasts 2030

Image
The market for banana puree is largely driven by the growing demand for natural and organic food products, as well as the increasing popularity of plant-based diets. Banana puree is a versatile ingredient that can be used in a variety of applications, including smoothies, baked goods, desserts, and baby food. Additionally, banana puree is a good source of vitamins, minerals, and fiber, which makes it an attractive option for health-conscious consumers. Overall, the banana puree market is expected to grow in the coming years, driven by the increasing demand for healthy and convenient food products, as well as the growing popularity of plant-based diets. However, the market growth could be limited by factors such as the fluctuations in the supply and price of bananas, as well as increasing competition from other natural and organic food products. Some of the leading players operating in the global banana puree market include Döhler GmbH, Nestlé S.A., The Kraft Heinz Company, SunOpta Gra...
Read more

Industrial Alcohol Market Overview: Emerging Opportunities and Market Expansion Strategies The Industrial Alcohol Market is estimated for 2023 - 2030 forecast period, as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial alcohol is primarily used as a solvent in manufacturing industries such as automotive, pharmaceutical, cosmetics and others. It finds major applications in cleaning products, sanitizers, and disinfectants. Market Dynamics: The industrial alcohol market is expected to witness significant growth over the forecast period, owing to rising demand from end-use industries like automotive, pharmaceuticals, cosmetics and more. Growing requirement for surface disinfectants and sanitizers due to increasing hygiene standards post-Covid is driving market growth. Additionally, escalating demand for methanol and ethanol in production of light olefins, solvents and fuel oxygenates is also fueling market expansion. The increasing use of bioethanol as automotive fuel on account of various environmental regulations is further augmenting the market growth. Industrial Alcohol Market Drivers: Rising Demand for Alcohol-based Disinfectants and Sanitizers During COVID-19 The outbreak of the COVID-19 pandemic has significantly increased the demand for alcohol-based disinfectants and sanitizers across the globe. Various government organizations and health bodies recommend using hand sanitizers containing at least 60% alcohol to help reduce the spread of novel coronavirus. As a result, the sales of alcohol-based sanitizers have surged exponentially since the start of 2020. The industrial alcohol market players have witnessed a substantial rise in orders from sanitizer formulators and manufacturers to fulfill this unprecedented demand. Moreover, with workplaces, public transportation, schools, and other commercial spaces adopting proper sanitization protocols, the demand for industrial alcohol in sanitizers is expected to remain higher than pre-pandemic levels even after the crisis is over. Increasing Adoption of Alcohol as Biofuel Rising environmental concerns and depleting crude oil reserves are encouraging governments worldwide to promote the usage of renewable biofuels. Ethanol, which is produced from biomass feedstock through fermentation and distillation processes, has emerged as one of the leading biofuels. Many countries offer incentives and tax credits to biofuel producers and blenders. For instance, the US mandates a certain percentage of biofuel to be blended with gasoline each year under the Renewable Fuel Standard program. This steadily growing demand for ethanol as a biofuel additive is positively impacting the industrial alcohol market. Leading beverage alcohol producers are expanding their distillation capacities to capitalize on this opportunity. Industrial Alcohol Market Restrain: Stringent Regulations on Alcohol Production and Trade All countries have formulated strict norms and policies governing the production, trade, distribution, and usage of alcohol to prevent illegal activities. Players in the industrial alcohol market need to obtain various licenses and permits from concerned authorities and regularly file compliance reports. Moreover, regulations on alcohol concentration limits in final products lead to wastage of high-proof or undenatured alcohol. Changes in policies also disrupt the supply chain. For example, during the initial phase of the COVID-19 outbreak, there were export restrictions on industrial alcohol and raw materials in several countries, restricting supplies. While regulations aim to curb alcohol misuse, overcompliance also adds to the operational costs for market participants. Industrial Alcohol Market Opportunity: Growing Demand for Denatured Ethanol in Pharmaceutical and Personal Care Products Denatured or undrinkable ethanol finds numerous applications as a solvent and extractant in medicines, cosmetics, detergents, and other consumer goods. It is used as an emollient, viscosity-controlling agent, and preservative in personal care formulations. In the pharmaceutical industry, ethanol acts as an antibacterial agent and solubilizer for active pharmaceutical ingredients. With rising health awareness and increasing spending on health and wellness products, the demand for various pharmaceutical and personal care products is surging globally. This rising demand offers opportunities for industrial ethanol producers to expand into new applications through product innovation and partnerships with end-user companies. Industrial Alcohol Market Trend: Focus on Renewable and Sustainable Alcohol Production Concerns around fossil fuel depletion and carbon emissions are driving the shift towards sustainable production methods. Industrial alcohol producers are investing in advanced fermentation technologies and using renewable biomass as raw materials like sugarcane molasses, corn, and wheat to produce cellulosic ethanol and bio-based chemicals. For example, some companies produce ethanol from agricultural and forestry waste through biochemical and thermochemical conversion processes. There is also a growing focus on reducing energy and water usage through process optimization. Technological advancements in the area of genetically modified yeast strains and complex sugar fermentation are further supporting green alcohol manufacturing. This emphasis on renewable resources and efficiency complements governments' push for a low-carbon economy.

Image
  The Industrial Alcohol Market is estimated for 2023 - 2030 forecast period, as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial alcohol is primarily used as a solvent in manufacturing industries such as automotive, pharmaceutical, cosmetics and others. It finds major applications in cleaning products, sanitizers, and disinfectants. Market Dynamics: The industrial alcohol market is expected to witness significant growth over the forecast period, owing to rising demand from end-use industries like automotive, pharmaceuticals, cosmetics and more. Growing requirement for surface disinfectants and sanitizers due to increasing hygiene standards post-Covid is driving market growth. Additionally, escalating demand for methanol and ethanol in production of light olefins, solvents and fuel oxygenates is also fueling market expansion. The increasing use of bioethanol as automotive fuel on account of various environmental regulations is further a...
Read more