Bio-based coatings are becoming increasingly popular in the
manufacturing industry as companies strive to become more sustainable and
eco-friendly. These coatings are made from renewable resources and are
biodegradable, making them an excellent choice for companies looking to reduce
their environmental footprint. In this essay, we will explore the benefits of
bio-based coatings and their role in promoting sustainability.
Firstly, bio-based coatings are made from natural resources such
as vegetable oils, starches, and resins. These resources are renewable and can
be replenished, unlike their synthetic counterparts that are made from
petroleum-based chemicals. This makes bio-based coatings a more sustainable
option as they reduce the dependence on non-renewable resources, which are
Secondly, bio-based coatings are biodegradable, which means they
can break down naturally in the environment. Unlike traditional coatings, which
can take hundreds of years to degrade, bio-based coatings break down much
faster and do not contribute to pollution. This reduces the environmental
impact of coatings and helps to protect the planet.
In addition to their environmental benefits, bio-based coatings
also offer several advantages over traditional coatings. For example, bio-based
coatings are non-toxic and do not emit harmful chemicals. This makes them safer
for workers and consumers, who are increasingly concerned about the health
risks associated with exposure to chemicals.
Bio-based coatings also offer excellent performance
characteristics, including good adhesion, durability, and resistance to water
and chemicals. This makes them suitable for a wide range of applications,
including automotive, construction, and packaging.
Finally, bio-based coatings are cost-effective, as they are often
cheaper to produce than traditional coatings. This makes them an attractive
option for companies looking to reduce costs while also promoting
In conclusion, bio-based coatings are an excellent choice for
companies looking to reduce their environmental impact while also improving
performance and reducing costs. These coatings offer several advantages over
traditional coatings, including sustainability, biodegradability, safety, and
cost-effectiveness. As more companies look to adopt sustainable practices, we
can expect to see increased demand for bio-based coatings and a shift towards a
more sustainable future.
Bio-based Coatings Market Dynamics
The bio-based coatings market is influenced by various factors
that affect its dynamics. One of the major drivers for the market is the
growing demand for environmentally friendly products. The coatings industry has
witnessed a shift towards eco-friendly options such as waterborne and powder
paints, driven primarily by the need to reduce VOCs and carbon emissions in the
coating life cycle. This trend has been reinforced by stringent EU regulations,
which have played a significant role in encouraging the adoption of bio-based
However, the market also faces some restraints. One of the biggest
challenges is the lack of awareness about bio-based paint and coating products,
especially in emerging economies. While North America and Europe have stringent
environmental policies that reduce the use of solvent-based paints and
coatings, people in developing countries may not be as educated about the
impact of traditional coatings on the environment and health. This lack of
awareness can hinder the adoption of bio-based coatings in these regions.
Companies are working towards addressing this challenge by
educating consumers through advertising campaigns. However, good statistics on
the awareness and adoption of bio-based coatings in the global market are still
lacking. Despite this, the trend towards sustainability is expected to continue
driving the demand for bio-based coatings as more consumers become aware of the
benefits of using eco-friendly products.
Opportunities in Bio-based Coatings Market
Manufacturers are increasingly using plant-based ingredients in
their products, as consumers demand more environmentally-friendly options. In
the coating industry, bio-based resins are becoming a popular choice for
producing coating systems for various industries like construction and
furniture. The most common sources of bio-resins are by-products from
bio-diesel refinement, such as corn and soybean. Other sources like sugarcane,
potatoes, and cashew nut shells are also used. The use of bio-based raw
materials in coatings is not new, but with increasing demand for sustainable
products, bio-based resins are becoming mainstream.
The adoption and usage of bio-based coatings varies across Europe,
with the Netherlands and Switzerland standing out for their unique approaches.
In the Netherlands, the government implemented a sustainable procurement
catalog in 2016 that encourages the use of bio-based solutions in public
tenders. The catalog specifies that tenders with higher proportions of
bio-based or recycled raw materials will have a higher value, making it easier
for bio-based solutions to be considered for various projects, such as road
building, construction, landscaping, and marine projects.
In Switzerland, a different approach is taken. The Umweltetikette
label ensures the use of paints and varnishes made from renewable raw
materials. To achieve one of the highest two classes in the Swiss environmental
label, the paints and varnishes must contain at least 95% renewable raw
materials. The label also extends to adhesives, wood preservatives, plasters,
and fillers. The label's high acceptance among users is ensured by the minimum
performance requirements, such as wet abrasion resistance or contrast ratio, which
are also set by the label.
Overall, adopting such policies and implementing such labels could
be significant factors in boosting the usage of bio-based coatings in various
industries, ensuring a sustainable and eco-friendly future.
Challenges in Bio-based Coatings Market
Despite the benefits of bio-based coatings, they face some
challenges in the market. Bio-based coatings are generally more expensive than
fossil-based products due to the complex process involved in making them
environmentally-friendly. This high cost is a significant obstacle for users
who are hesitant to pay more when cheaper alternatives are available.
Nonetheless, the increasing demand for sustainable coatings is expected to lead
to more innovation and cost reduction in the future, making these products more
affordable and accessible.
Between 2022 and 2027, the woodworking sector accounted for the
second largest portion of the bio-based coatings market. The utilization of
bio-based wood coatings has established a new industry standard. These coatings
not only exhibit exceptional sustainability but also provide increased
hardness, resistance to light and chemicals, and environmentally friendly
industrial processes. When compared to solvent-based coatings, water-based wood
coatings offer quicker drying times. Among the most commonly employed wood
coatings are polishes and water repellents, due to their superior efficacy and
reduced yellowing properties.
During the projected period, Asia Pacific is expected to have the
fastest-growing bio-based coatings market in terms of both volume and value.
Over the past decade, the region has witnessed substantial economic growth.
Environmental consciousness is a crucial factor in driving demand
for sustainable coatings, particularly in Scandinavian countries, parts of
Germany, and France. Tim Gratzke emphasizes that the increasing awareness of
customers in these regions is driving demand. Italy is also becoming an
attractive market, with customer demand playing a significant role.
While acknowledging the importance of increasing environmental
awareness, Christian Walter, a representative of paint and varnish manufacturer
DAW, believes that it alone will not suffice. He explains that he is not in
favor of excessive regulation, but society as a whole is too sluggish to enact
meaningful change without it. Walter suggests that legislation could also
address the lack of uniform standards for sustainability assessment. According
to Walter, this inconsistency confuses and complicates purchasing decisions for
environmentally committed consumers.
As the demand for eco-friendly products grows, there is a growing
interest in alternative raw materials for architectural coatings. Bio-based
coatings have emerged as a viable option, offering a balance of quality,
performance, and cost-effectiveness. To achieve the desired performance,
different development activities have led to the availability of various
bio-based building blocks that can be used in powder coating resins. Careful
formulation is necessary to ensure the required performance is delivered. Some
paint companies have specialized in developing bio-based solutions as part of
their commitment to sustainability.
Different structures have varying coating requirements, including
esthetics and protective properties such as pollution resistance, durability
under heavy foot traffic, and protection against regional climatic conditions
such as heavy rain and snow. Bio-based architectural paints and coatings offer
a range of properties that can help protect these structures, including color
and gloss retention, chemical and abrasion resistance, non-toxicity, and
corrosion resistance. These coatings are an excellent option for those looking
to reduce their environmental impact without sacrificing performance or
Key Players in Bio-based Coatings Market
- TREMCO ROOFING & BUILDING MAINTENANC
- ICA GROUP
- CHENYANG GROUP
- ECO SAFETY PRODUCTS
- AKZONOBEL N.V.
- PPG INDUSTRIES INC.
- THE SHERWIN-WILLIAMS COMPANY
- NIPPON PAINT HOLDINGS CO. LTD
- STORA ENSO
- CORTEC CORPORATION
- COVESTRO AG
- ARKEMA (BOSTIK)
- KANSAI PAINTS CO. LTD
- TEKNOS GROUP
- Koninklijke DSM N.V.
- THE DOW CHEMICAL COMPANY
- STAHL HOLDINGS B.V
Recent Developments in Bio-based Coatings Market
The Bio-based Coatings Market has seen some noteworthy
advancements in recent times. One such development occurred in August 2021 when
AkzoNobel N.V. introduced a groundbreaking product in the Indian market. This
particular product is the first-ever bio-based paint to be certified by the
USDA in India.
Similarly, in October 2020, AkzoNobel N.V. introduced its product,
Air Clean Bio-based (Vietnam), in the Vietnamese market. The said product
contains 22 percent bio-based content that has been certified by the USDA.
These advancements in the bio-based coatings market are crucial in
the current times when there is a pressing need to move towards eco-friendly
products. The use of bio-based coatings can significantly reduce carbon
emissions and promote sustainable practices. The introduction of such products
in different parts of the world indicates a positive trend towards adopting
environmentally conscious alternatives.
The bio-based coatings market has seen significant growth in
recent years, driven by increasing demand for sustainable and eco-friendly
products. These coatings are made from renewable raw materials such as
vegetable oils, soybean, corn, starch, and cellulose, making them more
environmentally friendly than traditional coatings made from fossil fuels.
One recent development in the bio-based coatings market is the
increasing use of biodegradable coatings. These coatings break down naturally
over time, reducing the impact on the environment. They are being used in a
range of applications, including packaging, construction, and automotive
Another trend in the bio-based coatings market is the use of
nanotechnology. Nano-coatings offer improved performance in terms of
durability, scratch resistance, and water repellency, making them ideal for use
in high-performance applications such as electronics and aerospace industries.
In addition, there is a growing interest in the development of
bio-based coatings from waste materials. By using waste materials, these
coatings can help to reduce the amount of waste sent to landfills, while also
providing a more sustainable alternative to traditional coatings.
the bio-based coatings market is expected to continue to grow in the coming
years, driven by increasing demand for sustainable and environmentally friendly
products. With ongoing research and development, we can expect to see further
innovations and advancements in the industry in the near future.
We at Zettabyte Analytics have a
detailed and related research methodology focussed on estimating the market
size and forecasted value for the given market. Comprehensive research
objectives and scope were obtained through secondary research of the parent and
peer markets. The next step was to validate our research by various market
models and primary research. Both top-down and bottom-up approaches were
employed to estimate the market. In addition to all the research reports, data
triangulation is one of the procedures used to evaluate the market size of
segments and sub-segments.
1.1. Secondary Research
The secondary research study involves various sources and databases used
to analyze and collect information for the market-oriented survey of a specific
market. We use multiple databases for our exhaustive secondary research, such
as Factiva, Dun & Bradstreet, Bloomberg, Research article, Annual reports,
Press Release, and SEC filings of significant companies. Apart from this, a
dedicated set of teams continuously extracts data of key industry players and
makes an extensive and unique segmentation related to the latest market
1.2. Primary Research
The primary research includes gathering data from specific domain
experts through a detailed questionnaire, emails, telephonic interviews, and
web-based surveys. The primary interviewees for this study include an expert
from the demand and supply side, such as CEOs, VPs, directors, sales heads, and
marketing managers of tire 1,2, and 3 companies across the globe.
1.3. Data Triangulation
The data triangulation is very important for any market study, thus we
at Zettabyte Analytics focus on at least three sources to ensure a high level
of accuracy. The data is triangulated by studying various factors and trends
from both supply and demand side. All the reports published and stored in our
repository follows a detailed process to obtain a reliable insight for our
1.4. In-House Verification
To validate the segmentation
and verify the data collected, our market expert ensures whether our research
analyst is considering fine distinction before analyzing the market.
In the end,
presenting our research reports complied in a different format for straightforward
valuation such as ppt, pdf, and excel data pack is done.