IRVING, TX – According to a new market study by market research firm Lucintel, the global green coatings market is forecast to grow at a compound annual growth rate of 5.1% from 2015 to 2020. The major drivers of growth for this market are growth in end-use industries, stringent environmental regulations and growing awareness of VOC emissions.
The emerging trends, which have a direct impact on the dynamics of the green coatings industry, include the increasing use of UV curing coatings and use of plant-based sources to develop wood coatings.