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Green Coating Market
Increasing advantages of green coatings in the construction industry is one of the major factors driving market revenue growth
Green Coating Market Size – USD 126.60 Billion in 2022, Market Growth – at a CAGR of 4.9%, Market Trends – Rising use of green coating in the Oil & gas (O&G) industry” - Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, June 11, 2024 /EINPresswire / -- The global green coating market size was USD 126.60 Billion in 2022 and is expected to register a steady revenue CAGR of 4.9% during the forecast period, according to latest analysis by Emergen Research. Increasing use of green coating in the O&G industry is a major factor driving market revenue growth. Fine silica grades play a crucial role in the cementing of oil wells. The introduction of silica into cement mixture modifies silica-to-calcium ratio, enhancing the cement's stability while preserving its permeability and physical strength, even when subjected to high temperatures of up to 110°C. Grounded silica is particularly utilized for grading G and H well cement, and it is also used to adjust slurry density, replacing materials such as ilmenite, barite, or coal powder.
Green coatings are environmentally friendly products designed to minimize the adverse effects of traditional coatings on the environment and human health. They are formulated using sustainable raw materials, low or zero volatile organic compounds (VOCs), and advanced technologies that ensure durability and performance without compromising ecological standards.
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Market Overview:
The research report on the Green Coating market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Green Coating business sphere.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., DSM, Kansai Paint Co., Ltd., BASF SE, Jotun, Akzo Nobel N.V., Asia Paints, Axalta Coating Systems, and Hempel A/S.
Some Key Highlights From the Report
The glass manufacturing segment accounted for largest revenue share in the global green coatings market in 2022because green coating powder plays a crucial role in the manufacturing of ceramics and glass. Green coating powder functions as a flux, reducing the materials' melting point and ensuring even heating. In addition, this coating improves the transparency and durability of glass items. In ceramics production, this coating effectively manages shrinkage during the firing process and enhances the overall strength and longevity of end products
The natural green coating segment is expected to register moderately fast revenue growth rate in the global green coatings market during the forecast period. This is because naturally occurring green coating usually has a significant degree of purity, rendering it well-suited for sectors demanding pristine materials. This quality is of paramount importance in sectors such as glass production and creation of top-tier ceramics. In addition, natural green coating exhibits chemical inertness, indicating that it does not interact with majority of chemicals or substances. This attribute holds immense value in industries where the material must not introduce undesirable reactions or contaminants into the end product.
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For the purpose of this report, Emergen Research has segmented the global green coating market on the basis of type, application, source, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2019-2032)
Waterborne
Powder
High Solids
Radiation-cure
Application Outlook (Revenue, USD Billion; 2019-2032)
Architectural
Automotive
Industrial
Wood
Packaging
Product Finishes
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Regional Analysis of the Keyword Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Radical Highlights of the Green Coating Market Report:
Comprehensive overview of the Green Coating market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Green Coating market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter's Five Forces Analysis, feasibility analysis, and investment return analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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