European Coatings Journal - 18.07.2022 | BIO-BASED COAT INGS MARKET REPORT

CHANCES AND CHALLENGES

With growing concerns about the sustainability, there is remarkable shift among major sectors across the globe using biobased alternatives. This situation has resulted into increased demand among many industries such as paint and coatings for bio-based coatings. Therefore, the global bio-based coatings market is estimated to experience prominent growth opportunities in the forthcoming years. For several years, the market size has hovered around 5% in value and 1% in volume, according to assumptions by industry experts. If one consults the various studies and reports from market research firms, the outlook for the coming years ...
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