Colorful and organic: Ceresana study on the world market for biobased paints and coatings
Biobased paints and coatings are sold under different names: Natural paints, organic paints, building biology or eco paints, even vegan paints are available.
Market study Biobased Paints and Coatings(firmenpresse) - Construction sites going green: the construction sector and other industries are increasingly working with sustainable materials, for example biobased insulation materials, biobased adhesives and bioplastics. Ceresana has now for the first time examined the global market for biobased paints and coatings made entirely or at least partly from renewable raw materials or minerals. The new market report forecasts that biobased paints for the interior and exterior of buildings, as well as wood and industrial coatings, will achieve global sales of around USD 19.6 billion by 2032.
Budding growth for biobased paints
Biobased paints and coatings promise to be less toxic and more environmentally friendly than petrochemical products based purely on petroleum or natural gas. The market for biobased paints and coatings is still at the dawn of its development and accounts for only a small portion of the total paint and coatings market so far. Over the next 10 years, however, the volume will increase significantly: Ceresana expects annual growth of over 5.1% in Asia, 3.9% in Europe and 3.3% in North America. However, there are still many challenges to overcome for a real breakthrough: prices and properties of organic products cannot yet keep up with fossil competitors in all applications. So far, it has also not yet been clarified what exactly "organic" should mean for paints and coatings. Ideally, the natural raw materials should come from sustainable agriculture, forestry or fisheries and remain as unchanged as possible.
Non-toxic, environmentally friendly and beneficial
Minerals and renewable raw materials not only offer greater independence from crude oil and natural gas: although biobased paints and coatings are often more expensive than fossil products, they can in some cases offer better quality and cost-effectiveness, for instance advantages such as higher color fastness, abrasion resistance, viscosity or color coverage. Natural pigments offer a very broad color spectrum. Natural paints that don't have a diffusion barrier prevent condensation and mold: they allow moisture in the air to pass through, can store it and release it again. One of the main arguments in favor of "green" coatings is their harmlessness to health and the environment: the long-term effects of solvents, plasticizers, nanoparticles and other potentially toxic paint substances often still have to be researched, especially the combined use of combinations of different substances. In contrast, many natural materials have been known and tested for centuries. The "full declaration" of all ingredients not only helps people suffering from allergies and chemical intolerances. Biodegradable paint residues can simply be disposed of on the compost pile.
Current Ceresana market report „Biobased Paints and Coatings”:
Chapter 1 of the new study provides a comprehensive presentation and analysis of the global market for biobased paints and coatings – including forecasts up to 2032: the development of both demand and revenues is presented for the various world regions.
In Chapter 2, the 10 countries with the largest sales of biobased paints are examined individually. Demand and revenues are presented for each of these countries.
Chapter 3 provides useful company profiles of the major manufacturers of biobased paints and coatings, arranged by contact details, revenues, profit, product range, production facilities and brief profile. Detailed profiles are provided by 38 manufacturers, e.g. AURO Pflanzenchemie AG, DAW SE, Fusion Mineral Paint, ICA SpA, Kreidezeit Naturfarben GmbH, Lakeland Paints Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Sherwin-Williams, Vermont, and Natural Coatings, Inc.
Themen in dieser Pressemitteilung:
natural-paints
organic-paints
building-biology
eco-paints
vegan-paints
biobased
sustainable
paints
coatings
varnishes
construction
chemical
market
study
report
consumption
production
import
export
sales
price
demand
industry
trade
Unternehmensinformation / Kurzprofil:
As one of the world's leading market research institutes, Ceresana specializes in the chemicals, plastics, packaging, and industrial goods sectors. Special focus areas are bio-economy and automotive / mobility. Since 2002, companies have benefited from high-quality industry analyses and forecasts. Over 250 market studies provide more than 10,000 clients around the world with the knowledge base for sustainable success.
More about Ceresana at www.ceresana.com
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Ceresana
Mainaustrasse 34
78464 Konstanz
Germany
Press Contact: Martin Ebner, m.ebner(at)ceresana.com
Datum: 16.06.2023 - 11:06 Uhr
Sprache: Deutsch
News-ID 685751
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contact information:
Contact person: Martin Ebner
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Date of sending: 16.06.2023
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"Colorful and organic: Ceresana study on the world market for biobased paints and coatings"
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