BIO-BASED PAINTS & COATINGS MARKET ANALYSIS
MARKET TRENDS
Companies are investing in R&D to develop innovative products which have resulted in substantial growth of the bio-based paints & coatings market. For instance, in 2017, PPG Industries, Inc. launched a new bio-based wall paint, Sigma Air Pure, for consumer and professional markets. The new paint is developed by using DSM’s Decovery bio-based resin technology. The Decovery resins are made by using renewable sources such as starch from corn, sugar, natural oils, and agricultural waste.
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