Low VOC Paint Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 51788 Report Format: PDF + Excel

Overview

Low VOC Paint Market is forecast to reach $12.79 billion by 2025, after growing at a CAGR of 6.92% during 2020-2025. The increase in health issues and rising public laws are boosting worldwide market demand for Powder Coatings. Strict regulation of VOC emissions and favorable government measures to promote the use of Low VOC Paint and accelerate the manufacturing of Architecture & Decorative in Asia-Pacific and Europe is key variables influencing the industry. On the other hand, rising expenses of raw materials are anticipated to increase the industry. These factors attribute to the market growth of Low VOC PaintThe report covers Low VOC Paint market size by type and application, Low VOC Paint market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Low VOC Paint Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Low VOC Paint Market.



Key Takeaways

  • The automotive industry is prepared to witness a seismic shift with an increased production rate in the future, which will further flourish the market for Low VOC Paint and the industry will witness a definite upsurge of demand that will increase revenue.
  • A growing safety threat connected with exposure to paints, particularly those containing lead in them, resulting in the World Health Organization to cooperate with the United Nations Environment Program to create a cooperative project called the Global Alliance to Eliminate Lead Paint. By 2050, the Alliance vowed to eliminate fully use of lead paint in 70 countries and encouraged industries to actively use Low VOC Paint in their general metal finishing activities.  This factor is expected to be a powerful driver of growth in the global market for Low VOC Paint.
  • Factors such as technological advancement, the convenience of use, product development and increased consumer spending are the main drivers of the growth of the industry for Low VOC Paint.
  • Strong perspective in manufacturing, house equipment and architecture applications will boost market demand for Low VOC Paint over the timeframe prediction.

Formulation Type- Segment Analysis

The water-borne segment held the largest share in the Low VOC Paint Market in 2018. Waterborne coating is generally used water as a solvent to disperse the resin which is added to create the coating. Its composition varies and may include as much as 80% water with small amounts of other solvents such as glycol ethers. High water content makes waterborne coatings both environmentally friendly and easy to apply. Waterborne coatings meet the U.S. and European regulations governing VOC (volatile organic compound) emissions, organic chemicals, producing VOC content pf less than 3.5 pounds per gallon. In addition to their low toxicity, their high water content also makes waterborne coatings less flammable and results in reduction or elimination of hazardous waste disposal.

Application - Segment Analysis

Architecture & Decorative sector has been the primary market for Low VOC Paint is growing at a CAGR of 7.12%. Decorative paints are the major application of Low VOC Paint accounts to more than 30% consumption of global Low VOC Paint and the major formulation used is waterborne, which holds a share of around 70%. For the past few decades, solvent-borne coatings were employed for coating of buildings and this trend was shifted towards waterborne coatings due to the environmental regulations, lower VOC levels and cost, odorless factors. Decorative, protective coatings have been the preferred choice for interior wall coatings for over sixty years. Especially, in areas where children or the elderly are present such as schools and hospitals as interior wall coatings account for by far the largest part of usage in an architectural application.

Geography - Segment Analysis

APAC dominated the Low VOC Paint Market with a share of more than 47.2%, followed by North America and Europe. According to the International Monetary Funds, the economic growth in the APAC region is estimated to be around 5.5%-6% during the forecast period 2015-2020. India is likely to witness a USD 1.3 trillion investment in housing over the next seven years, where the country is likely to see 60 million new homes being built. It is anticipated that the supply of affordable housing in India will increase by about 70% by 2024. The' Housing for All by 2022' of the Indian government scheme is a major game-changer for the industry. The growing demand for infrastructure development provides continuous impetus to the construction and building industry in APAC, in turn, propelling the demand for Low VOC Paint in the Architecture industry.

Drivers – Low VOC Paint Market

  • Stringent regulations by the government and environmental agencies

Emitting toxic VOCs has led to the production of alternative solutions such as low VOC paints and conventional oil and hydrocarbon-based chemicals. The release of toxic VOCs has increased the number of health problems such as asthma and allergies. It leads to low VOC paint requirements. Increased consumer awareness and ongoing technological developments have also created an increase in the demand for low VOC paints. Consequently, significant investments have been made in the research and development of low VOC paints.

Challenges – Low VOC Paint Market

  • High Cost When Compared to Conventional Paint

The high cost associated with producing low VOC paints is the main challenge faced by the global low VOC paint market Compared to conventional hydrocarbon solvents, the advanced solvents used in low VOC paints are expensive. Manufacturers are struggling with three criteria of stable pricing, enhanced usability, and green chemistry in low VOC layers, and the challenge was for market players on the low VOC paint market to maintain stable.

Market Landscape

In 2018, the market of Low VOC Paint has been consolidated by the top five players accounting for xx% of the share. Major players in the Low VOC Paint Market are AkzoNobel NV, Asian Paints Ltd, BASF SE, Axalta Coating Systems LLC, and The Sherwin-Williams Company, among others. 

1. Low VOC Paint Market - Overview
        1.1 Definitions and Scope
2. Low VOC Paint Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Low VOC Paint Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Low VOC Paint Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Low VOC Paint Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Low VOC Paint Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Low VOC Paint Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Low VOC Paint Market - By Type (Market Size -$Million / $Billion)
8.1 Low-VOC
8.2 Zero VOC
8.3 Natural
9. Low VOC Paint Market - By Formulation Type (Market Size -$Million / $Billion)
9.1 Water-Borne
9.2 Solvent-Borne
9.3 Powder
10. Low VOC Paint - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Architecture & Decorative
10.3.2 General Industrial
10.3.3 Automotive OEM
10.3.4 Automotive Refinish
10.3.5 Marine
10.3.6 Consumer Durables
11. Low VOC Paint - By Geography (Market Size -$Million / $Billion)
        11.1 Low VOC Paint Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Low VOC Paint- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Low VOC Paint- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Low VOC Paint - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Low VOC Paint - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Low VOC Paint Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Low VOC Paint Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Low VOC Paint Market - Key Company List by Country Premium
15. Low VOC Paint Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Akzo Nobel N V
15.3 3M Company
15.4 Solvent-Borne
15.5 Teijin Ltd
15.6 American Formulating Manufacturing
15.7 Advanced Surface Technologies, Inc
15.8 Axalta Coating Systems, Llc
15.9 Composite Material Coating Manufacturer
15.10 Composite Material Manufacturer
15.11 Nei Corporation
15.12 Ppg Industries, Inc
15.13 Auro Pflanzenchemie Ag
15.14 Axalta Coating System Llc
15.15 Basf Se
15.16 Benjamin Moore Co
15.17 Berger Paint Limited
15.18 Bioshield Paint-Eco Design Co
15.19 Cloverdale Paint Inc
15.20 Eco Safety Product
15.21 Fine Paint Of
15.22 Jotun
15.23 Kalekim Chemical Co. Inc
15.24 Kansai Paint Co. Ltd
15.25 Nipsea Group
15.26 Paint Ltd
15.27 Acralock
15.28 Arkema
15.29 Uniseal
15.30 Porter'S Paint
15.31 Ppg Industry Inc
15.32 The Sherwin-Williams Company
15.33 Company 32
15.34 Company 33 & More
*Financials would be provided on a best efforts basis for private companies
16. Low VOC Paint Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Low VOC Paint Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Low VOC Paint Market Size 2018
2 Canada Low VOC Paint Market Share 2018
3 Brazil Low VOC Paint Market Outlook 2019 - 2023
4 Mexico Low VOC Paint Market Research 2018
5 Germany Low VOC Paint Market Trends 2019 - 2023 
6 France Low VOC Paint Market Growth 2019 - 2023 
7 UK Low VOC Paint Market Demand 2019 - 2023 
8 Italy Low VOC Paint Market Segmentation 2018
9 Russia Low VOC Paint Market Analysis 2019 - 2023
10 China Low VOC Paint Market Revenue 2019 - 2023
11 Japan Low VOC Paint Market Volume 2019 - 2023
12 South Korea Low VOC Paint Market Potential 2019 - 2023
13 India Low VOC Paint Market Leaders 2018
14 Saudi Arabia Low VOC Paint Market Forecast 2019 - 2023 
15 Kuwait Low VOC Paint Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link