Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Bio-Based Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Bio-Based Coatings Market Growth?
In the bio-based coatings industry, the market size has been on the rise, with its value swelling from $9.99 billion in 2024 to $11.54 billion in 2025. This expansion is accounted for by a compound annual growth rate (CAGR) of 15.5%.
What Is the Predicted Industry Size and CAGR of the Bio-Based Coatings Market in 2029?
The bio-based coatings market is projected to reach $20.64 billion by 2029, expanding at a compound annual growth rate (CAGR) of 15.6%.
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Which Factors Are Driving Growth in the Bio-Based Coatings Market?
The key Drivers in the bio-based coatings market are:
• Growing societal awareness about environmentally-responsible products
• Increasing use of bio-based coatings in paper packaging products
• Demand for sustainable, recyclable, and bio-degradable products
• Rise in adoption of environmentally-friendly solutions in various sectors such as automotive.
Which Segment Trends Are Covered in the Bio-Based Coatings Market Forecast?
The bio-based coatingsmarket covered in this report is segmented –
1) By Type: Ester Solvents, D-Limonene, Alcohols, Glycols And Diols Solvents, Other Types
2) By VOC Content: Zero VOC (VOC Content Less Than 5 Grams Per Liter), Low VOC (VOC Content Less Than 50 Grams Per Liter), VOC Absorbing, Natural Paints
3) By Sector: Commercial Sector, Industrial Sector, Residential Sector
4) By Use: Decorative Paints, Transportation, Metal Industrial Coatings, Industrial Maintenance And Protective, Powder Coatings, Automotive Refinish, Wood Coatings, Marine Coatings, Coil Coatings, Packaging Coatings
5) By Area Of Application: Internal Application, External Application
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What Are the Current Market Trends in the Bio-Based Coatings Industry?
The key trends in the bio-based coatings market are:
• New product developments in bio-based coatings are a key emerging trend in the market.
• There's a rising focus on using bio-based coatings for specialized applications, such as food packaging.
• Bio-based coatings are becoming more eco-friendly, serving as alternatives to petroleum-based products.
• The use of plant-sourced materials in bio-based coatings is increasing.
Who are the Key Companies in the Bio-Based Coatings Market?
The key players in the bio-based coatings market are:
• 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.
• Reliance Industries Ltd.
• Jiangsu Heshili New Material Co. Ltd.
• Lotte Chemical Corporation
• SK Chemicals Co. Ltd.
• Asahi Kasei Corporation
• Axalta Coating Systems
• Behr Paint Co.
• Hempel A/S
• Jotun A/S
• Kansai Paint Co. Ltd.
• Tikkurila Oyj
• Valspar Corporation
• Bollom Fire Protection
• Chugoku Marine Paints Ltd.
• Cloverdale Paint Inc.
• Diamond Vogel Inc.
What are the Regional Trends Across the Bio-Based Coatings Market?
North America was the largest region in the bio-based coating market in 2024
