One of the main drivers for the growth of the bio-based paints and coatings market is the increasing awareness of the health and environmental hazards associated with traditional paints and coatings. Traditional paints and coatings contain volatile organic compounds (VOCs), which can be harmful to human health and the environment. These VOCs can cause respiratory problems, headaches, and nausea in humans, and contribute to air pollution and climate change.
Bio-based paints and coatings, on the other hand, have low or no VOC content, making them much safer for humans and the environment. The global Bio-Based Paints & Coatings Marketis expected to reach $7.4 billion by 2025, growing at a compound annual growth rate (CAGR) of 8.8% from 2020 to 2025. This growth is driven by various factors such as increasing consumer demand for sustainable and eco-friendly products, stringent environmental regulations, and growing awareness about the health hazards associated with traditional paints and coatings.
Read more @ https://influentialblogging.blogspot.com/2023/02/global-bio-based-paints-coatings-market.html
