New Report Forecasts the Low- and Zero-VOC Paint Market
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.