BIO-BASED PAINTS & COATINGS MARKET ANALYSIS
MARKET OUTLOOK
Among regions, Asia Pacific is expected to be fastest-growing region in bio-based paints & coating market over the forecast period. Increasing government investments in developing corporate and commercial infrastructures is expected to potentially drive demand for decorative paints. This in turn is expected to drive market growth of the bio-based paints & coatings market. For instance, the Indian government has decided to increase investments in the infrastructure sector. For example, in 2015, the Indian Ministry of Road Transport, Highways and Shipping announced a target of US$ 376.53 Bn investment in infrastructure sector by 2018. This, in turn, creates a highly conducive environment for growth of the bio-based paints and coatings market.
Geographies Covered
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