[Latest] Global Low VOC Paint Market Size/Share Worth USD 5188.95 Million by 2030 at a 5.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Low VOC Paint Market size & share revenue was valued at approximately USD 211.34 Million in 2021 and is expected to reach USD 812 Million in 2022 and is expected to reach around USD 5188.95 Million by 2030, at a CAGR of 5.8% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Benjamin Moore & Co., The Sherwin-Williams Company, Akzo Nobel N.V., PPG Industries Inc., The Dow Chemical Company, American Formulating & Manufacturing, YOLO Colorhouse LLC, Dunn-Edwards Corporation, Wacker Chemie AG, EcoProCote, BASF SE, and others.

| Source: Custom Market Insights Custom Market Insights

Austin, TX, USA

Sandy, Utah, USA, March 07, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Low VOC Paints Market Size, Trends and Insights By Type (Low-VOC, No or Zero VOC, Natural), By Technology (Water borne, Solvent borne, Powder), By Application (Architecture and Decorative, General Industrial, Automotive OEM, Automotive Refinish, Marine, Consumer Durables, Other Applications), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global low voc paint market size & share was valued at approximately USD 211.34 Million in 2021 and is expected to reach USD 812 Million in 2022 and is expected to reach a value of around USD 5188.95 Million by 2030, at a compound annual growth rate (CAGR) of about 5.8% during the forecast period 2022 to 2030.”

Low VOC paint contains a low or minimum amount of volatile organic compound. It is also considered a bio-based paint. It is a VOC solvent than traditional coatings. The paint won’t give off as much harmful gas as traditional paint because of low or minimum VOC. It should contain fewer than 50 grams of VOCs per litre. This paint is less harmful to the environment than traditional paint, due to which the market is overgrowing.

Click Here to Access a Free Sample Report of the Global Low VOC Paint Market @  https://www.custommarketinsights.com/request-for-free-sample/?reportid=19824

Market Dynamics.

 Drivers.

The growing trend of decorative infrastructure 

Increasing demand from the architecture decorative trends is expected to act as one of the critical factors responsible for the growth of the global low VOC paints market. Low VOC paint is preferred over conventional coating materials due to their low volatile organic content, low toxicity, resistance to abrasion, and water retention capacity. As a result, low VOC paints are extensively used in the building infrastructure for interior and exterior protecting coating and decorative applications. According to an article published by the India Brand Equity Foundation, the paint market is expected to grow 20% annually in the next two years. These factors are anticipated to increase the demand for low-VOC paints in the architecture sector. 

Restraints.

High price and entry of competitors 

However, the production process for low-VOC paints is highly capital-intensive. In addition, fluctuation in raw material prices and sometimes unavailability of raw materials is expected to hamper the market. 

In response to this, additional solvents and chemicals of low VOC paints may be toxic to people and the environment. This factor is expected to hamper the overall growth of the market.

(A free sample of the Low VOC Paint report is available upon request; please contact us for more information.)


Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Low VOC Paint report has been modified to include the COVID-19 impact study prior to delivery.)

Request Customized Copy of Low VOC Paint Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=19824

Opportunities.

Robust demand for renovation activities 

Furthermore, the growing trend of renovation activities based on modern theme infrastructure has surged the popularity of low VOC paints, which are used to decorate walls, aesthetically pleasing floors, and others. This factor is anticipated to increase the potential sales of low VOC paints, thus, offering the most lucrative opportunities for the market to grow. 

Moreover, an increase in green building and construction activity has surged the popularity of low-VOC paints. In addition, the rapid shift toward eco-friendly chemicals and the recycling of low-VOC colors will likely provide the most lucrative opportunities for the market during the forecast period.

Challenges.

Higher-cost manufacturing process 

Over the forecast period, low VOC paints lead to complexity in manufacturing requirements of huge capital expenditure, and expertise is expected to dampen the market. Furthermore, the availability of several substitutes over low VC paints is likely to act as a challenging factor during the forecast period.  

Report Highlights.

Based on type, the segment is low-VOC, no or zero VOC, and natural. It is expected that the global low VOC type segment to hold a dominant position during 2022 -2031 with a total share of 28.78%. 

The emergence of high solid paints and coatings which produces no or low VOC has surged the popularity of low VOC paints. In addition, growing infrastructure activities in developed and developing economies have enhanced the need for low-VOC colors, which are extensively used in paints and coatings. In addition, advancements in technology, government support, and the initiation of bio-based paints have increased the demand for low-VOC paints. These factors are escalating the growth of low-VOC colors. 

Depending upon the formulation type, the market is segmented into water-borne, solvent-borne, and powder. It is expected that the water-borne formulation type segment will be the dominant segment and account for a total share of 32.23% during the forecast period.

Click Here to Access a Free Sample Report of the Global Low VOC Paint Market @  https://www.custommarketinsights.com/request-for-free-sample/?reportid=19824

The water-borne type uses water as its solvent. It is eco-friendly and produces low fumes. In addition, it has a pleasant odor, which is widely used in painting. It contains filler, pigments, and binder, all dissolved in water. Their low level of volatile organic compound (VOC) made it a go-to paint after the new VOC regulations. This makes them environmentally friendly colors with minimal to zero harmful effects on your health. This factor is expected to act as one of the critical factors responsible for the growth of low-VOC paints in the upcoming years.

The global low VOC paint market is studied across architecture, decorative, general industrial, automotive OEM, automotive refinish, marine, consumer durables, and other applications. It is expected that the global architectural and ornamental segment will hold a dominant position from 2022 -2031 with a total share of 35%. 

The growing population has surged the building and construction activities in developed and developing countries where low VOC paints are widely used to make attractive and aesthetically pleasing floors and walls. This factor is expected to increase the overall market growth in the upcoming years. Moreover, rising construction activities have also increased the demand for low-VOC paints owing to their eco-friendly, low toxicity, and sustainability. In addition, well-established auto components manufacturing plants have also enhanced the demand for low-VOC colors, which are used on auto components of the car as a coating and finishing agent.

Key questions answered in this report:

  • What is the size of the Low VOC Paint market and what is its expected growth rate?
  • What are the primary driving factors that push the Low VOC Paint market forward?
  • What are the Low VOC Paint Industry's top companies?
  • What are the different categories that the Low VOC Paint Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Low VOC Paint market sample report and company profiles?

Request Customized Copy of Low VOC Paint Market Report @ https://www.custommarketinsights.com/report/low-voc-paints-market/

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Regional Snapshots. 

Asia-Pacific is the dominant region in the low VOC paint market, with a total share of 36.89%. The utilization of low VOC paints has increased in the sectors such as building & construction, automotive, architecture and decorative, and other key market trends in the Asia-Pacific region. The building & construction sector is one of the booming sectors in the Asia-Pacific region owing to the rising population, increase in disposable income among people, and growing consumer demand for houses has surged the building and construction sector.

For instance, according to an article published by Invest India in August 2022, the construction Industry in India is expected to reach $1.4 Tn by 2025 due to a robust increase in the urban population which will significantly enhance the demand for low VOC paints where it gives protection to infrastructure without emitting harmful fumes in the environment. It is also used to decorate the windows & doors and floor slab surfaces. 

Moreover, China is the world’s topmost producer of auto components, where low VOC paints are widely employed in sealing systems, interior roof panels, and other automotive parts as glassifying and finishing agents, propelling the market growth. In addition, according to data published by International Trade Administration, China’s construction industry is projected to grow at an annual average rate of 8.6% from 20220-2030. These factors are escalating the demand for low-VOC paints in the building and construction sector.

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Report Scope

Feature of the ReportDetails
Market Size in 2021USD 211.34 Million
Projected Market Size in 2030USD 5188.95 Million
Market Size in 2022USD 812 Million
CAGR Growth Rate5.8% CAGR
Base Year2021
Forecast Period2022-2030
Prominent PlayersBenjamin Moore & Co., The Sherwin-Williams Company, Akzo Nobel N.V., PPG Industries Inc., The Dow Chemical Company, American Formulating & Manufacturing, YOLO Colorhouse LLC, Dunn-Edwards Corporation, Wacker Chemie AG, EcoProCote, BASF SE , and Others
Key SegmentBy Type, Technology, Application, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

Key Players

  • Benjamin Moore & Co.
  • The Sherwin-Williams Company
  • Akzo Nobel N.V.
  • PPG Industries Inc.
  • The Dow Chemical Company
  • American Formulating & Manufacturing
  • YOLO Colorhouse LLC
  • Dunn-Edwards Corporation
  • Wacker Chemie AG
  • EcoProCote
  • BASF SE
  • Others

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Browse the full “Low VOC Paint Market Size, Share, Growth Analysis Report By Products & Software, (Instruments, Consumable, LIMS), By Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), By End-User (Cultivators, Laboratories, Research Institutes), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/low-voc-paints-market/

Segments covered in the report

By Type

  • Low-VOC
  • No or Zero VOC
  • Natural

By Technology

  • Waterborne
  • Solvent borne
  • Powder

By Application

  • Architecture and Decorative
  • General Industrial
  • Automotive OEM
  • Automotive Refinish
  • Marine
  • Consumer Durables
  • Other Applications

Click Here to Get a Free Sample Report of the Global Low VOC Paint Market @ https://www.custommarketinsights.com/report/low-voc-paints-market/

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Click Here to Access a Free Sample Report of the Global Low VOC Paint Market @ https://www.custommarketinsights.com/report/low-voc-paints-market/

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This Low VOC Paint Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Manufacturing Technology is used for Low VOC Paint? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Low VOC Paint Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Low VOC Paint Market? What Was the Capacity, Production Value, Cost and PROFIT of the Low VOC Paint Market?
  • What Is the Current Market Status of the Low VOC Paint Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Low VOC Paint Market by Considering Applications and Types?
  • What Are Projections of the Global Low VOC Paint Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Low VOC Paint Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Low VOC Paint Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Low VOC Paint Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Low VOC Paint Industry?

Reasons to Purchase Low VOC Paint Market Report

  • Low VOC Paint Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Low VOC Paint Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Low VOC Paint Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Low VOC Paint Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Click Here to Access a Free Sample Report of the Global Low VOC Paint Market @ https://www.custommarketinsights.com/report/low-voc-paints-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Low VOC Paint market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Low VOC Paint market analysis.
  • The competitive environment of current and potential participants in the Low VOC Paint market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  •  Participants and stakeholders worldwide Low VOC Paint market should find this report useful. The research will be useful to all market participants in the Low VOC Paint industry.
  •  Managers in the Low VOC Paint sector are interested in publishing up-to-date and projected data about the worldwide Low VOC Paint market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Low VOC Paint products' market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Request Customized Copy of Low VOC Paint Market Report @ https://www.custommarketinsights.com/report/low-voc-paints-market/

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Tags

Low VOC Paints VOC Paints Paints VOC Architecture Decorative Automotive OEM Marine Consumer Durables Powder Chemicals Materials CMI

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