Zero VOC and low VOC paints are not as durable as traditional paint, but they may last longer. However, this type of paint is better for the environment and will reduce costs. Low VOC paint is easily accessible, and is available in a variety of colors. These paints meet strict standards that are more stringent than the EPA's. They should contain 50 grams of VOC per liter for interior flat paint, and less than 150 grams per liter for exterior flat paint.
Market Dynamics:
The Low VOC or Zero VOC paint market is driven by the growing need for eco-friendly paints. Globally, there is a significant demand for these paints from the construction and architectural industry. These paints improve the durability of building surfaces and offer protection against UV radiation, fungus, and water seepage. Additionally, they add aesthetic appeal to buildings. Moreover, increased regulations on high VOC emissions and growing awareness of the negative effects of conventional paints are other major factor propelling market growth.
On the other hand, volatility in raw material prices, difficulty in establishing compatibility with existing paint systems, and high cost of low VOC paints compared to conventional paints are major factors expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global Low VOC or Zero VOC Paint market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Low VOC or Zero VOC Paint market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Akzo Nobel N.V., American Formulating & Manufacturing, Asian Paints Ltd, Auro Pflanzenchemie Ag, Axalta Coating Systems Llc, BASF SE, Benjamin Moore & Co., Berger Paints India Limited, Bioshield Paint - Eco Design Co., Cloverdale Paint Inc., And Eco Safety Products
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global Low VOC or Zero VOC Paint market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Low VOC or Zero VOC Paint market
Detailed Segmentation:
- Global Low VOC or Zero VOC Paints Market By Type:
-
- Low VOC
- No or Zero VOC
- Natural
- Global Low VOC or Zero VOC Paints Market By Formulation Type:
- Water-Borne
- Solvent-Borne
- Powder
- Global Low VOC or Zero VOC Paints Market By Application:
- Architecture & Decorative
- General Industrial
- Automotive Oem
- Automotive Refinish
- Marine
- Consumer Durables
- Others
- Global Low VOC or Zero VOC Paints Market By Region:
- Asia Pacific
- North America
- South America
- Middle East & Africa
- Europe
- Company Profiles:
- Akzo Nobel N.V.
- American Formulating & Manufacturing
- Asian Paints Ltd
- Auro Pflanzenchemie Ag
- Axalta Coating Systems Llc
- Basf Se
- Benjamin Moore & Co.
- Berger Paints India Limited
- Bioshield Paint - Eco Design Co.
- Cloverdale Paint Inc.
- Eco Safety Products
