Global Low VOC Or Zero VOC Paints Market
Global Low VOC Or Zero VOC Paints Market was valued at USD 7530 million in 2021 which expected to reach USD 10875 million at a CAGR 5.01% from 2022-2027.
Low VOC & Zero VOC paints are not as durable as traditional paint, but they may last longer. However, this type of paint is better for the environment & will reduce Price. Low VOC paint is available in a variety of colors & it is easily accessible. These paints meet strict standards which are more stringent than the EPA's. They should contain 50 gm of VOC/liter for interior flat paint, and less than 150 gm/ liter for exterior flat paint.
Market Drivers
Rising awareness regarding harmful effects of conventional paints is predominantly propelling growth of the global low VOC or zero VOC paints market. For instance, Information provided by the, U.S. Environmental Protection Agency (EPA) produced results that concluded that VOCs levels indoors while paint was drying remained thousand times higher than when paint dries outdoors. The WHO also highlights the dangers encountered by people who work with paint on daily basis.
Growing concern over safe disposal of conventional paints is again driving market growth. According to the U.S. Environmental Protection Agency guidelines, Conventional oil-based paints and coatings are considered as a household hazardous waste. These paints contain chemicals, which can cause environmental pollution & depletion of ozone layer that can be harmful for animals, humans, and environments.
Market Restraints
Huge cost of low VOC paints as compared to conventional paints is projected to hinder the market growth. For instance, the producers generally prefer bio-based solvents in production process of low VOC & zero VOC paints. The cost of bio-based solvents is higher than the petroleum-based solvents which leads to high cost of final product.
Market Segmentation
The Global Low VOC Or Zero VOC Paints Market is segmented into type such as Low VOC, No or Zero VOC, Natural. By Formulation Type market is segmented into Water-borne, Solvent- borne, Powder. Further, market is segmented into application such as Architecture & Decorative, General Industrial, Automotive OEM, Automotive Refinish, Marine, Consumer Durables, Others.
Regional Analysis
The Global Low VOC Or Zero VOC Paints Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
APAC is anticipated to dominate the global low VOC or zero VOC paints market over the forecast period owing to the rapid growth in construction sector in the region. Increase in number of green buildings is creating positive impact on the low VOC or zero VOC paints market. Also, growing sale of electric vehicle coupled with the growing tourism is creating demand for air travel and cargo, which in turn augmenting demand for these paints. All these factors are supporting regional market growth.
Key Players
American Formulating & Manufacturing, Akzo Nobel N.V., Asian Paints Ltd, Axalta Coating Systems Llc, BASF SE, Benjamin Moore & Co., Auro Pflanzenchemie Ag, Berger Paints India Limited, Bioshield Paint - Eco Design Co., Cloverdale Paint Inc., Eco Safety Products, etc.
Market Taxonomy
By Type
By Formulation Type
By Application
By Region
Global Low VOC Or Zero VOC Paints Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Low VOC Or Zero VOC Paints Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Low VOC Or Zero VOC Paints Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Low VOC Or Zero VOC Paints Market Share Analysis, By Type
5.3 Global Low VOC Or Zero VOC Paints Market Size and Forecast, By Type
5.3.1 Low VOC
5.32. No or Zero VOC
5.3.3. Natural
6 Global Low VOC Or Zero VOC Paints Market, By Formulation Type
6.1 Y-o-Y Growth Comparison, By Formulation Type
6.2 Global Low VOC Or Zero VOC Paints Market Share Analysis, By Formulation Type
6.3 Global Low VOC Or Zero VOC Paints Market Size and Forecast, By Formulation Type
6.3.1 Water-borne
6.3.2. Solvent- borne
6.3.3. Powder
7 Global Low VOC Or Zero VOC Paints Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Low VOC Or Zero VOC Paints Market Share Analysis, By Application
7.3 Global Low VOC Or Zero VOC Paints Market Size and Forecast, By Application
7.3. 1 Architecture & Decorative
7.3.2. General Industrial
7.3.3. Automotive OEM
7.3.4. Automotive Refinish
7.3.5. Marine
7.3.6. Consumer Durables
7.3.7. Others
8 Global Low VOC Or Zero VOC Paints Market, By Region
8.1 Global Low VOC Or Zero VOC Paints Market Share Analysis, By Region
8.2 Global Low VOC Or Zero VOC Paints Market Share Analysis, By Region
8.3 Global Low VOC Or Zero VOC Paints Market Size and Forecast, By Region
9 North America Low VOC Or Zero VOC Paints Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Low VOC Or Zero VOC Paints Market Share Analysis, By Type
9.3 North America Low VOC Or Zero VOC Paints Market Size and Forecast, By Formulation Type
9.4 North America Low VOC Or Zero VOC Paints Market Size and Forecast, By Application
9.5 North America Low VOC Or Zero VOC Paints Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Low VOC Or Zero VOC Paints Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Low VOC Or Zero VOC Paints Market Share Analysis, By Type
10.3 Europe Low VOC Or Zero VOC Paints Market Size and Forecast, By Formulation Type
10.4 Europe Low VOC Or Zero VOC Paints Market Size and Forecast, By Application
10.5 Europe Low VOC Or Zero VOC Paints Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Low VOC Or Zero VOC Paints Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Low VOC Or Zero VOC Paints Market Share Analysis, By Type
11.3 Asia Pacific Low VOC Or Zero VOC Paints Market Size and Forecast, By Formulation Type
11.4 Asia Pacific Low VOC Or Zero VOC Paints Market Size and Forecast, By Application
11.5 Asia Pacific Low VOC Or Zero VOC Paints Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Low VOC Or Zero VOC Paints Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Low VOC Or Zero VOC Paints Market Share Analysis, By Type
12.3 Latin America Low VOC Or Zero VOC Paints Market Size and Forecast, By Formulation Type
12.4 Latin America Low VOC Or Zero VOC Paints Market Size and Forecast, By Application
12.5 Latin America Low VOC Or Zero VOC Paints Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Low VOC Or Zero VOC Paints Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Low VOC Or Zero VOC Paints Market Share Analysis, By Type
13.3 Middle East Low VOC Or Zero VOC Paints Market Size and Forecast, By Formulation Type
13.4 Middle East Low VOC Or Zero VOC Paints Market Size and Forecast, By Application
13.5 Middle East Low VOC Or Zero VOC Paints Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 American Formulating & Manufacturing
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Akzo Nobel N.V.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Asian Paints Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Axalta Coating Systems Llc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Basf Se
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Benjamin Moore & Co
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Auro Pflanzenchemie Ag
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Berger Paints India Limited
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Bioshield Paint - Eco Design Co.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Cloverdale Paint Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Eco Safety Products
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
