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Bio-Based Coatings Market

Bio-Based Coatings Market Size and Segment By Resin (Alkyd, Polyurethane, Acrylic, Others) By Application (Architectural, Transportation, Woodworking, Packaging, Others), by Regions and Global Forecast 2023-2030

Report Id: SNS/C&M/2562 | July 2022 | Region: Global | 135 Pages

Report Scope & Overview:

Bio-Based Coatings Market Size was valued at USD 11.51 billion in 2022, and expected to reach USD 24.15 billion by 2030, and grow at a CAGR of 9.7 % over the forecast period 2023-2030.

A significant shift toward bio-based alternatives, including bio-based coatings, has been caused by growing sustainability concerns. Environmental factors continue to have a significant impact on the transition of the paint and coatings industry toward bio-based coatings, and this transformation is anticipated to reach new heights in the future years. Sales of bio-based coatings are expected to rise significantly in the next years due to rising societal awareness of ecologically friendly products. One of the megatrends driving demand for bio-based coatings is the development of green products in the paints and coatings sector.

Bio-Based Coatings Market Revenue Graph

Market Dynamics:


  • Bio-based coatings' lower carbon emissions


  • Bio-based paint and coatings are less widely known.


  • Plant-based components are increasingly being used by manufacturers due to consumer desire for more products.


  • Price range that is greater than that of products with fossil-based coatings

Impact of Covid-19:

Companies who are rapidly increasing capacity to meet the short-term COVID-induced demand must exercise caution when interpreting these rare demand patterns. The future of the Bio-based Paints and Coatings Market business will be shaped between 2021 and 2025 by post-pandemic changes in social, economic, trade, and political factors as well as anticipated changes in environmental legislation. During COVID 19, the bio-based paints and coatings market revealed conflicting findings for several applications and regions. The study highlights the pandemic's segment-specific effects and presents various case studies that illustrate the market's growth potential through 2028 for bio-based paints and coatings.

Key Players:

Stora Enso OYJ (Finland), AkzoNobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries (US), Sherwin-Williams Company (US),

Market Segment:

By Resin:

  • Alkyd

  • Polyurethance

  • Acrylic

  • Others

By Application:

  • Architectural

  • Transportation

  • Woodworking

  • Packaging

  • Others

Bio-Based Coatings Market Segment Pie Chart

Regional Analysis:

The bio-based coatings market is present in a number of geographic areas, including North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific is predicted to have the highest growth potential for the bio-based coatings market across all geographical areas. Increased research and development efforts to produce bio-based coatings in an economical manner are major causes of this situation.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Bio-Based Coatings Market Report Scope
Report Attributes Details
Market Size in 2022 USD 11.51  Billion
Market Size by 2030 USD 24.15 Billion
CAGR CAGR 9.7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Resin (Alkyd, Polyurethane, Acrylic, Others)
• By Application (Architectural, Transportation, Woodworking, Packaging, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Stora Enso OYJ (Finland), AkzoNobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries (US), Sherwin-Williams Company (US),
Key Drivers •Bio-based coatings' lower carbon emissions
Market Restraints •Bio-based paint and coatings are less widely known.

Frequently Asked Questions (FAQ) :

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8.Bio-based coatings market Segment, By Resin

8.1 Alkyd

8.2 Polyurethane

8.3 Acrylic

8.4 Others


9.Bio-based coatings market Segment, By Application

9.1 Architectural

9.2 Transportation

9.3 Woodworking

9.4 Packaging

9.5 Others


10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America


11. Company Profile

11.1 Stora Enso OYJ (Finland) 

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 AkzoNobel N.V. (Netherlands)

11.3 Nippon Paint Holdings Co., Ltd. (Japan)

11.4 PPG Industries (US)

11.5 Sherwin-Williams Company (US)


12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments


13. Conclusion


An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

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 accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment 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-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with 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

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Step 4: QA/QC Process

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