The demand for environmentally friendly coatings is expected to increase moderately over the next five years, to $85.7 billion over the next five years, according to a new report.
In 2013, the global green coatings demand was estimated to be worth nearly $64.2 billion and is expected to reach $85.7 billion by 2018 at a compound annual growth rate of 5.9 percent from 2013 to 2018. The report covers the major green coatings markets including waterborne coatings, powder coatings, high-solids coatings, and radiation cure coatings, prompted by environmental regulations.
Green Coatings Market by Types & Applications - Global Trends & Forecast to 2018 was prepared by Markets and Markets.
The market is also analyzed based on the patents filed by different industrial participants over a period of time. This elaborates the latest products and technologies on which the manufacturers have been focusing over the past few years.
Also included is a competitive landscape analysis covering different strategies and developments undertaken by the green coatings companies in the past few years.
