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The Bio-Based Coatings Market Size was valued at USD 12.7 billion in 2023 and is expected to reach USD 29.4 billion by 2032 and grow at a CAGR of 9.75% over the forecast period 2024-2032.
The growth of the bio-based coatings market is fueled by increasing environmental concerns and regulations favoring sustainable solutions. Consumer demand for eco-friendly products, coupled with advancements in biotechnology, drives innovation in bio-based coating formulations. Rising awareness about the harmful effects of traditional coatings on human health and the environment prompts industries to adopt bio-based alternatives. Government initiatives and incentives for the development and utilization of renewable resources further stimulate market growth. Additionally, the expanding application areas of bio-based coatings across various industries such as paint and coatings, automotive, construction, and packaging contribute to market expansion.
The bio-based coating market is increasingly driven by the worldwide trend of minimizing the dependency on fossil fuels reflected by numerous industries seeking to reduce their carbon footprints. To some extent, this development could be attributed to regulatory imperatives and should certainly be viewed within the broader context of corporate responsiveness and alignment with sustainability guidelines.
For example, in 2023, the European Union strengthened its commitment to reduce greenhouse gas emissions by 55% by 2030 under the European Green Deal, thus encouraging companies to replace petroleum-based products with less polluting alternatives. Consequently, it appears evident that the growing demand for bio-based coatings is motivated by the prohibition of other types of products and the necessity to reduce environmental pollution.
Moreover, recent example of such developments is the introduction of the new range of bio-based coatings by AkzoNobel that also occurred in 2023. According to the company’s representatives, these coatings “use bio-based resins and are made from renewable sources, and designed to meet the strictest environmental standards set by governments. Alternatively, the U.S. Department of Energy highlights that bio-based products, including coatings, are expected to “reduce the generation of carbon dioxide by 50%.
The funds increased the value of investments dedicated to the promotion of bio-based industries, including coatings. Simultaneously, leading manufacturers, such as PPG Industries Inc. and Sherwin-Williams Co., also witnessed a rise in R&D investments aimed at delivering new bio-based technologies. The combined efforts from both public and private sectors ensure that sustainable coatings become more widespread and widely available in the foreseeable future.
Drivers
The abundant availability of renewable resources used in bio-based coatings production supports market expansion.
The bio-based coatings market is greatly facilitated by the presence of renewable resources sufficient in their supply. These resources are required for the production of environmentally-friendly coatings, and they often include such products as plant oils, starches, cellulose, and other by-products of the agricultural sector. They are readily available and can be sourced in a sustainable manner, which allows for the creation of a stable supply chain for the manufacturers of bio-based coatings. The abundant presence of these resources that is often across the globe ensures that the production of such coatings will not stop and guarantees that their price will always be competitive with the petroleum-based options. It is also facilitated by there being a demand by the incumbent market for more eco-friendly options. The development of agriculture and governmental encouragement to develop renewable resources further ensures the presence of these raw materials. The U.S. Department of Agriculture is an example of a governmental institution promoting this development: in 2023, they increased the indemnity percentage for growers who grow commodity crops used in bio-based materials. The availability of these resources is one of the driving forces of the market’s growth, as it allows for the production of bio-based coatings on a large and consistent scale.
Restrain
Higher production costs associated with bio-based coatings compared to conventional alternatives
The higher production costs associated with bio-based coatings present a significant restraint to their widespread adoption. Compared to conventional petroleum-based alternatives, bio-based coatings often involve more expensive raw materials and complex manufacturing processes, leading to higher overall costs. This price difference can be a barrier for cost-sensitive industries and consumers, limiting the market's growth potential. Despite the environmental benefits, the premium pricing of bio-based coatings makes them less competitive, particularly in markets where cost-efficiency is a priority. As a result, the higher production costs remain a key challenge that the industry must address to achieve broader market penetration
by Resin Type
In 2023, polyurethane resin held a significant revenue share around 48.26% in the bio-based coatings market. Its widespread use across various sectors, including automotive, construction, and furniture, contributed to its significant market presence. The resin's ability to provide durable and high-performance coatings, coupled with increasing demand for eco-friendly alternatives, propelled its prominence in bio-based coating formulations.
by Application
The architectural application segment is expected to grow with the highest CAGR during the forecast period. The heightened awareness among consumers and builders regarding the environmental impact of traditional coatings has prompted a shift towards eco-friendly alternatives. Additionally, stringent regulations and standards promoting sustainability in construction projects have amplified the demand for bio-based coatings. Moreover, continuous innovation in bio-based coating technologies has resulted in formulations that offer comparable performance to conventional coatings, further driving adoption in the architectural sector.
North America dominated the Bio-Based Coatings Market with the highest revenue share of more than 40% in 2023. The region's robust infrastructure and well-established manufacturing facilities facilitate the production and adoption of bio-based coatings. Secondly, stringent environmental regulations and increasing consumer awareness drive the demand for sustainable coating solutions in North America.
Asia Pacific is expected to grow at the highest CAGR in the Bio-Based Coatings Market during the forecast period. The region's rapid industrialization and urbanization fuel demand for eco-friendly coating solutions across diverse sectors such as construction, automotive, and electronics. Secondly, supportive government initiatives promoting sustainable practices and environmental conservation encourage the adoption of bio-based coatings. Additionally, the burgeoning middle-class population's increasing awareness of environmental issues and preference for greener alternatives further propels market growth in Asia Pacific.
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The Key Players are Stora Enso OYJ, AkzoNobel N.V., Nippon Paint Holdings Co., Ltd., PPG Industries, Sherwin-Williams Company, Bioweg and Ginkgo Bioworks, Dow, and BASF SE, DSM Coating Resins, Nanotechnology & Other Players.
In November 2023, KIA Motors started utilizing bio-based paint provided by AkzoNobel for the interior of its groundbreaking EV9 electric SUV. This marks the first instance in which the automaker has opted for an interior bio-based coating.
In March 2023, Stora Enso and Kolon Industries entered into a Joint Development Agreement to advance and commercialize bio-based polyesters and their various applications, along with renewable binder resin formulations. These applications have the potential to encompass a wide range of industries, including packaging, car tire reinforcements, and the production of films for high-value products like electronics, panels, and displays.
In February 2023, Bioweg and Ginkgo Bioworks are partnering to develop enhanced bio-based materials, particularly bacterial cellulose variants, to combat microplastic pollution.
In July 2022, Dow partnered with BSB Nanotechnology to utilize premium rice husk-based specialty silica in personal care products.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 12.74 Billion |
| Market Size by 2031 | USD 26.82 Billion |
| CAGR | CAGR 9.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Resin Type (Polyurethane, Alkyd, Acrylic, and Others) • By Application (Architectural, Packaging, Transportation, Woodworking, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Stora Enso OYJ, AkzoNobel N.V., Nippon Paint Holdings Co., Ltd., PPG Industries, Sherwin-Williams Company, Bioweg and Ginkgo Bioworks, Dow, and BSB Nanotechnology |
| Key Drivers | • Growing awareness about environmental issues and the need for sustainable solutions are driving the demand for bio-based coatings. • The abundant availability of renewable resources used in bio-based coatings production supports market expansion. |
| Market Restraints | • Higher production costs associated with bio-based coatings compared to conventional alternatives |
Ans. The Compound Annual Growth rate for the Bio-Based Coatings Market over the forecast period is 9.7%.
Ans. The projected market size for the Bio-Based Coatings Market is USD 26.82 billion by 2031.
Ans: China dominated the Asia Pacific region in the Bio-Based Coatings Market with the highest revenue share in 2023.
Ans: The Bio-Based Coatings Market is primarily driven by increasing environmental awareness and regulations favoring sustainable solutions, along with growing consumer preference for eco-friendly products.
Ans: One of the key challenges for the Bio-Based Coatings Market is meeting performance standards comparable to conventional coatings while maintaining eco-friendly attributes.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by l Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Bio-Based Coatings Market Segmentation, by Resin Type
7.1 Chapter Overview
7.2 Polyurethane
7.2.1 Polyurethane Market Trends Analysis (2020-2032)
7.2.2 Polyurethane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Alkyd
7.3.1 Alkyd Market Trends Analysis (2020-2032)
7.3.2 Alkyd Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Acrylic
7.4.1 Acrylic Market Trends Analysis (2020-2032)
7.4.2 Acrylic Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Others
7.5.1 Others Market Trends Analysis (2020-2032)
7.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Bio-Based Coatings Market Segmentation, by Application
8.1 Chapter Overview
8.2 Architectural
8.2.1 Architectural Market Trends Analysis (2020-2032)
8.2.2 Architectural Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Packaging
8.3.1 Packaging Market Trends Analysis (2020-2032)
8.3.2 Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Transportation
8.4.1 Transportation Market Trends Analysis (2020-2032)
8.4.2 Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Woodworking
8.5.1 Woodworking Market Trends Analysis (2020-2032)
8.5.2 Woodworking Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Other
8.6.1 Other Market Trends Analysis (2020-2032)
8.6.2 Other Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.2.4 North America Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.2.5.2 USA Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.2.6.2 Canada Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.6.2 France Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.5.2 China Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.5.2 India Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.5.2 Japan Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.9.2 Australia Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.2.4 Africa Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Bio-Based Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.6.4 Latin America Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Bio-Based Coatings Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Bio-Based Coatings Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 Stora Enso OYJ
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 AkzoNobel N.V.
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Nippon Paint Holdings Co., Ltd.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 PPG Industries
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Sherwin-Williams Company
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Bioweg and Ginkgo Bioworks
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Dow
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 BSB Nanotechnology
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 BASF SE
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 DSM Coating Resins
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
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Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Resin Type
Polyurethane
Alkyd
Acrylic
Others
By Application
Architectural
Packaging
Transportation
Woodworking
Others
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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