- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2023-2030
Renewable raw materials are employed as raw materials when producing primary chemical products at the production site according to the biomass balancing approach. A verified mass balancing method is then used to assign the percentage of renewable raw resources to certain sales items.
The Global biomass balance automotive coatings market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
When producing primary chemical products at the production site, BASF's biomass balancing technique uses renewable raw materials as raw materials. Then, using a certified mass balancing method, selected sales goods are assigned the percentage of renewable raw materials.
REDcert2 is a system for certifying the sustainable use of biomass, and it attests that BASF has used renewable raw materials in place of the needed amounts of fossil resources for the biomass balanced product sold.
A customer in China has received the first shipment of ColorBrite Airspace Blue ReSource basecoat. According to BASF, the base coat product allows for a 20% reduction in the carbon footprint of the product. An outside sustainability consultant who is not affiliated with the company reviews the saving figure.
ColorBrite ReSource, which is a part of BASF's ColorBrite aqueous base coat line with a biomass balance, increases the product's decreased carbon footprint without having to change its performance or formulation.
Since its formal debut in Europe, BASF's biomass balancing automobile OEM coatings have only recently been made available in Asia. To a client in China, the first batch of ColorBrite Airspace Blue ReSource base coat was sent.
According to BASF, its Caojing resins factory, as well as its Minhang and Caojing paint manufacturing facilities run by BASF Shanghai Coatings Co., Ltd., have all achieved the biomass accreditation. With this accreditation, BASF is now able to offer its Chinese clients a wide selection of biomass balance-certified vehicle paint solutions made from raw ingredients that are renewable.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.