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LONDON, GREATER LONDON, UNITED KINGDOM, June 5, 2025 /EINPresswire.com/ -- What Is The Projected Market Size Of The Bio-Based Coating Market?
It is evident that the bio-based coatings market size has experienced rapid growth in recent years. This is projected to continue propel from $9.99 billion in 2024 to $11.7 billion in 2025, marking a compound annual growth rate CAGR of 17.0%. Various factors such as the need for infection prevention, the importance of biocompatibility, advances in drug delivery systems, and the push for regulatory compliance have significantly contributed to this growth.
What Does The Future Hold For The Bio-Based Coating Market?
Looking into the future, the bio-based coatings market size is expected to see further growth. By 2029, it is projected to grow to $21.19 billion at a compound annual growth rate CAGR of 16.0%. As we move forward, factors such as advancements in nanotechnology, minimally invasive surgeries, remote monitoring, personalized medicine, and development of biodegradable solutions are anticipated to drive growth. Emerging trends in the forecast period include antimicrobial coatings, drug-eluting coatings, biocompatible coatings, hydrophilic coatings, and anti-adhesion coatings.
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What's Sparking The Growth Of The Bio-Based Coating Market?
We have noticed increased awareness in society regarding environmentally-responsible products. This knowledge and sensitivity to the environment are expected to further propel the growth of the bio-based coatings market. Bio-based coatings are now widely used in paper packaging products such as paper cups and plates, contributing to the manufacture of products that are waterproof, sustainable, recyclable, compostable, and bio-degradable. Consider the increasing interest in electric vehicles; for instance, a record 1.2 million car buyers in the United States opted for electric vehicles in 2023, accounting for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. Therefore, it's evident that the growing awareness in society regarding environmentally-responsible products is driving the bio-based coatings market growth.
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Who Are The Key Players In The Bio-Based Coating Market?
Several industry-leading companies operate in the bio-based coatings market. These heavyweight include Benjamin Moore & Co., Eco Safety Products, BASF SE, Cargill Incorporated, AkzoNobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., Stora Enso OYJ, BioShields, KCC Paints Sdn Bhd, NOROO Paint & Coatings Co. Ltd., among others.
What Are The Trends Of The Bio-Based Coating Market?
These companies have been working on new product developments such as food packaging coatings to tap into larger customer bases and increase their revenues. An example of this is Melodea Ltd., an Israel-based coating producer, which launched MelOx NGen in July 2023. This bio-based food packaging coating is a water-based composition sourced from plants and is specifically developed to be applied as a coating on the interior surfaces of various types of plastic food packaging.
How Is The Bio-Based Coating Market Segmented?
The bio-based coatings market is varied and includes several segments. By type, it ranges from Ester Solvents to D-Limonene, Alcohols, and Glycols And Diols Solvents. In terms of VOC Content, it includes Zero VOC, Low VOC, VOC Absorbing, and Natural Paints. The sector includes Commercial, Industrial, and Residential sectors, and the uses are numerous, spanning Decorative Paints, Transportation, Metal Industrial Coatings, Industrial Maintenance and Protective, Powder Coatings, Automotive Refinish, Wood Coatings, Marine Coatings, Coil Coatings, to Packaging Coatings. Areas of application include both Internal and External Application.
What Is The Regional Landscape Of The Bio-Based Coating Market?
Regionally, North America was the largest market for bio-based coatings in 2024. However, the fastest-growing region in the forecast period is expected to be Asia-Pacific. The report covers a wide range of regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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