GREEN COATINGS MARKET ANALYSIS
Stringent government regulations have immensely driven the green coatings market globally. The first restriction on the emission of VOC was set up for Europe in 2003, which was termed as Restriction of Hazardous Substances Directive (RoHS), which was put forward by Leadership in Energy and Environmental Design (LEED). Since then manufactures are working to produce green coatings, in turn fueling the growth of the green coatings market. Increasing cost of raw materials further increases the cost of green coatings, which is the restraint for the growth of global green coatings market. High investment cost further hinders the growth of green coatings market globally.
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