What Are The Historic And Forecast Market Sizes For The Global Bio-Based Coatings Market?
The market size for bio-based coatings has seen significant growth in recent years. It is estimated to increase from $9.99 billion in 2024 to $11.7 billion in 2025, marking a compound annual growth rate (CAGR) of 17.0%. The market’s expansion can be signified by factors such as infection prevention, biocompatibility, advanced drug delivery, performance enhancement, and regulatory compliance. The bio-based coatings market is expected to accelerate over the next few years, reaching $21.19 billion by 2029, with a CAGR of 16.0%. Drivers of this substantial growth include nanotechnology advancements, minimally invasive surgery, remote monitoring, personalized medicine, and biodegradable solutions.
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What Are Key Drivers Behind The Bio-Based Coatings Market Growth?
With increasing societal awareness of environmentally-responsible products, the bio-based coatings market is projected to experience significant growth. These eco-friendly products contribute less to environmental degradation in their production. Bio-based coatings are used for paper packaging products such as paper cups and paper plates, yielding waterproof, sustainable, recyclable, compostable, and biodegradable results.
How Is The Bio-Based Coatings Market Segmented?
The bio-based coatings market is segmented as follows:
– Type: Ester Solvents, D-Limonene, Alcohols, Glycols And Diols Solvents, Other Types
– VOC Content: Zero VOC (VOC Content Less Than 5 Grams Per Liter), Low VOC (VOC Content Less Than 50 Grams Per Liter), VOC Absorbing, Natural Paints
– Sector: Commercial Sector, Industrial Sector, Residential Sector
– Use: Decorative Paints, Transportation, Metal Industrial Coatings, Industrial Maintenance And Protective, Powder Coatings, Automotive Refinish, Wood Coatings, Marine Coatings, Coil Coatings, Packaging Coatings
– Area Of Application: Internal Application, External Application
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Which Are The Major Players In The Bio-Based Coatings Industry?
Key companies in the bio-based coatings market include Benjamin Moore & Co., Eco Safety Products, BASF SE, Cargill Incorporated, AkzoNobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Stora Enso OYJ, BioShields, KCC Paints Sdn Bhd, NOROO Paint & Coatings Co.Ltd., Reliance Industries Ltd., Jiangsu Heshili New Material Co. Ltd., Lotte Chemical Corporation, SK Chemicals Co. Ltd., Asahi Kasei Corporation, Axalta Coating Systems, Behr Paint Co., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., Tikkurila Oyj, Valspar Corporation, Bollom Fire Protection, Chugoku Marine Paints Ltd., Cloverdale Paint Inc., Diamond Vogel Inc.
What Are The Major Trends In The Bio-Based Coatings Market?
Companies in the bio-based coating market are exploring new products like food packaging coatings to meet larger customer bases, increase sales, and boost revenue. Food packaging coating is a specialized material applied to food packaging surfaces to serve various protective, functional, and aesthetic purposes.
Which Regions Are Leading And Emerging In The Bio-Based Coatings Market?
North America was the largest region in the bio-based coating market in 2024. Asia-Pacific is forecasted to be the fastest-growing region. The report on the bio-based coatings market covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Bio-Based Coatings Market Report 2025 Offer?
Bio-based coatings are made from biomaterials, reducing reliance on scarce fossil resources. They help address societal challenges and can promote rural development and employment. This global market research report from The Business Research Company offers the market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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