Low VOC Paint Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

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 Paint. The 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.

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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.

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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.

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Location: United States

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