Research and Markets has released a new market report, titled Low-VOC or Zero-VOC Paints Market - Forecasts to 2030. The report says the low-VOC or zero-VOC paint market is driven by the growing need for eco-friendly paints. According to the report, there is a significant, global 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.
The report finds increased regulations on high-VOC emissions, and growing awareness of the negative effects of conventional paints are major factors 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- or zero-VOC paint market, and provides market size (USD 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. The report breaks the global low-VOC or zero-VOC paints market down by the following regions: Asia Pacific, North America, South America, Middle East and Africa, and Europe.
The report 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 AkzoNobel N.V., American Formulating & Manufacturing, Asian Paints Ltd., Auro Pflanzenchemie Ag, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore & Co., Berger Paints India Limited, Bioshield Paint - Eco Design Co., Cloverdale Paint Inc., and Eco Safety Products.
Research and Markets says insights from this report would allow marketers and management authorities to make informed decisions regarding 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.
The report also breaks the global low-VOC or zero-VOC paints market down by type: low-VOC, no- or zero-VOC, and natural; by formulation type: waterborne, solventborne, and powder; and by application: architectural and decorative, general industrial, automotive OEM, automotive refinish, marine, consumer durables, and others.
Access the full report here.
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