Green Coatings Market Report 2026

The green coatings market size has grown strongly in recent years. It will grow from $108.7 billion in 2025 to $117.64 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to stricter environmental regulations on coatings, growth of construction and infrastructure projects, rising automotive production volumes, availability of bio-based raw materials, industrial shift away from solvent-based coatings.

The green coatings market size is expected to see strong growth in the next few years. It will grow to $156.63 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing sustainability mandates across industries, rising adoption of electric vehicles, expansion of eco-friendly building materials, growing investments in green chemistry innovations, increased demand for durable protective coatings. Major trends in the forecast period include increasing adoption of low-voc coating solutions, rising demand for bio-based coatings, growing use of waterborne and powder coatings, expansion of green coatings in automotive applications, enhanced focus on corrosion and uv protection.

The growing automotive industry is expected to drive the expansion of the green coatings market going forward. The automotive industry includes a broad range of companies and organizations involved in designing, developing, manufacturing, marketing, selling, repairing, and modifying motor vehicles. Green coatings are environmentally friendly solutions used across various sectors, including automotive. These coatings help protect vehicles, improve aesthetics, support regulatory compliance, and enhance health and safety conditions for workers during application, as well as for vehicle occupants. For example, in June 2023, according to reports from the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, passenger car sales in the UK increased by 25.8%, rising from 140,958 units in 2022 to 177,266 units in 2023. Therefore, the expansion of the automotive industry is fueling the growth of the green coatings market.

Major companies in the green coatings market are prioritizing the development of innovative biosurfactants designed to boost the performance of waterborne coatings and inks while improving sustainability, reducing environmental impact, and enhancing durability without compromising quality or safety. Biosurfactants are surface-active compounds produced by microorganisms such as bacteria, yeast, and fungi. They comply with the EU Ecolabel, demonstrating their suitability for environmentally conscious applications. Their production generates very low levels of volatile organic compounds (VOCs), making them safer for human health and the environment. For instance, in September 2024, Evonik Industries AG, a Germany-based company, introduced TEGO Wet 570 Terra and TEGO Wet 580 Terra. Both are made entirely from natural resources through a specialized fermentation process using microorganisms, distinguishing them from traditional fossil-based surfactants.

In March 2023, Stahl, a Netherlands-based provider of coatings technologies, acquired ICP Industrial Solutions Group for approximately US$ 205 million. This acquisition enables Stahl to strengthen its specialty coatings portfolio by incorporating ICP’s water-based and energy-cured coatings for packaging and labeling applications, further advancing its sustainable and low-VOC coatings offerings. ICP Industrial Solutions Group is a US-based provider of high-performance packaging and labeling coatings, including water-based and energy-cured technologies used in food, pharmaceutical, and industrial applications.

Major companies operating in the green coatings market are Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, PPG Industries Inc., The Sherwin Williams Company, Arkema Group, Asian Paints Limited, Berger Paints India Limited, Jotun A/S, Hempel A/S, Nippon Paint Holdings Co. Ltd., RPM International Inc., Kansai Paint Co. Ltd., Tikkurila Oyj, Sika AG, Valspar Corporation, The Dow Chemical Company, KCC Corporation, DAW SE, Eastman Chemical Company, BioShield Technologies Inc., Green Planet Paints, ECOS Paints, AFM Safecoat, Mythic Paint, Old Fashioned Milk Paint Co., Livos, Earthborn Paints, Auro Naturfarben, Lanxess AG.

Europe was the largest region in the green coatings market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the green coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the green coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The green coating market consists of sales of UV cured coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.