Navigating Bio-based Paints and Coatings Market Trends: USD 12.05 BILLION IN 2023 and Boasting a CAGR of 9.4% Projections by 2030

The Global Bio-based Paints and Coatings Market size is valued at USD 12.05 billion in 2023 and estimated to grow at a CAGR of around 9.4% during the forecast period, i.e., 2024-30.

MarkNtel Advisors brings together a comprehensive understanding of the vast dynamics of the Bio-based Paints and Coatings Market Size, Share, Trends, and Growth in their research report, incorporating an extensive & detail-driven examination of the industry. This study exhibits the diverse elements like drivers, restraints, opportunities, challenges, key trends, & recent developments, among others, influencing the market expansion.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Key Offering in the Report

The research report incorporates information from the past, ongoing trends and developments, and plans of the competitors in different segments across geographic locations into the parameters grounding on the following parameters:

  • Gross margins & profits
  • Demand growth & falls
  • Investment opportunities & revenue generation
  • Business strategies & shares
  • Key players & their profiling
  • Leading geographies
  • Trends & developments, among others

Market Dynamics 

Global Bio-based Paints and Coatings Market Opportunity: Surge in Eco-friendly & Sustainable Furniture Companies to Create New Opportunity

Consumer preferences across the globe have evolved, with a greater emphasis on sustainable and ethical consumption, owing to which consumers have prioritized furniture that is manufactured using environment-friendly ways. Owing to this, many furniture manufacturers are introducing eco-friendly furniture to their portfolio. For instance,

In 2023, Urban Ladder, a popular Indian furniture brand, introduced a sustainable furniture line called Karya. This range stands out by creatively utilizing biodegradable, safe materials to craft an eco-friendly board.

As furniture manufacturers seek to align with sustainability and environmental standards, they actively seek coating solutions that are low in volatile organic compounds (VOCs) and made from renewable resources. This would present a favorable landscape for bio-based paints and coating manufacturers to capitalize on the growing demand for sustainable and environment conscious solutions.

Segmentation of the Industry 

The Bio-based Paints and Coatings Market is highly fragmented and bifurcates into the following segmentations:

By Resin Type

-Alkyd Resin

-Polyurethane Resin

-Acrylic Resin

-Others (Polylactic Acid (PLA) Resins, Cellulosic Resins, etc.)

  • Acrylic Resin has registered significant growth in the Global Bio-based Paints and Coatings Market

By Application





-Others (Agricultural & Farm Equipment, Electronics, etc.)

View the Table of Content, Research Methodology, and Full Description of the Report- https:

Regional Landscape

On the geographical front, the Bio-based Paints and Coatings Market expands across the following:

By Region

-North America

-South America


-The Middle East & Africa


  • Europe had registered the highest demand for bio-based paints and coatings

Competitive Analysis

The Bio-based Paints and Coatings Market report entails an exhaustive research compilation on the changing interface, strategies, and sustainability tactics of the prominent players by rigorously profiling each company. It is principally to put together all the information influencing the industry expansion on the following parameters:

  • Investments rise & fall
  • Overview of the company
  • Origin & business strategy
  • Product/Service portfolio expansion
  • The geographical presence of players

The report also talks about the strategies adopted by players to maintain their dominance & yield higher profits in the market while expanding their business across locations. Each company is profiled in this report on the following grounds:

  • Ongoing trends & recent developments
  • Performance indicators
  • Products/Services offered
  • Risk & SWOT Analysis

The prominent companies profiled in the Bio-based Paints and Coatings Market report are Akzo Nobel N.V., Industria Chimica Adriatica SpA, PPG Industries, Inc, Sherwin Williams Company, NIPSEA Group    , Tremco CPG Inc., Cortec Coporation, Baril Coatings B.V., Covestro AG, Industrias Químicas Masquelack, S.A., Others

Customization Services 

MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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