Market Overview:
The global low VOC coalescent market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for low VOC coalescents from various end-use industries such as architectural paints and coatings, automotive paints and coatings, protective paints and coatings, marine coatings, powder coatings, and other applications. Based on type, the global low VOC coalescent market has been segmented into bio-based coalescents and petro-based coalescents. Bio-based coalescents are projected to exhibit higher growth rates during the forecast period as compared to petro-based counterparts owing to their environmental benefits over petrochemical products. Based on application, the global low VOC coalescent market has been segmented into architectural paints & coating; automotive paints & coating; protective coats & painting; marine coats; powder coats; other applications. Architectural paint & coating was observed as one of the largest application segments in 2017 due with high demand from developed economies across North Americaand Europe region followed by Asia Pacific region.
Product Definition:
A coalescent is a material that helps two or more liquids to merge, form one liquid, and minimize the number of droplets present. Low VOC coalescents are used in paints and coatings because they reduce emissions of volatile organic compounds (VOCs).
Bio-based:
Bio-based is a chemical compound or product that is derived from biological materials such as plants, animals, and microorganisms. Bio-based products are often used in place of conventional chemicals to obtain the same result. For instance, bio-based caustic soda can be used instead of regular caustic soda to correct pH balance in a particular solution.
The global bio based low VOC coalescent market size was valued at USD 756 million in 2016.
Petro-based:
Petro-based is a low VOC coating material that contains no solvents and has high viscosity. It is produced from oleoresin, which is a byproduct obtained when refining crude oil. The finished product consists of solid particles suspended in the liquid carrier and can be applied to numerous surfaces.
Application Insights:
The architectural paints and coating segment led the global low VOC coalescent market in 2017. The segment is projected to register a CAGR of XX% from 2018 to 2030 owing to rising construction activities in emerging economies, such as China, India, and Brazil. In addition, stringent regulations on the use of volatile organic compounds (VOC) in building materials by the governments across various regions are expected to drive demand for low VOC coalescent products over the forecast period.
The automotive paints and coating application segment accounted for more than 15% share of total revenue in 2017 due largely to increasing production levels of passenger cars and light commercial vehicles (LCVs) globally coupled with high consumer awareness regarding environment-friendly product usage practices. Moreover, stringent government regulations on vehicle emissions are expected to further drive demand for LVC throughout the forecast period thereby supporting market growth over the coming years as well.
Regional Analysis:
Asia Pacific dominated the global low VOC coalescent market in terms of revenue with a share of over 45.0% in 2017. This is attributed to increasing product demand from various end-use industries, such as construction, automotive and marine coatings, which are headquartered in China and India. The region is expected to witness significant growth over the forecast period owing to rising disposable income coupled with rapid urbanization and industrialization that has resulted into increased consumption of paints & coatings products across all industry verticals including architectural, transportation infrastructure (bridges), commercial buildings (offices) among others.
The Asia Pacific was followed by North America which accounted for a share of more than 23.0%in 2017 owing to high consumer awareness regarding environmental protection along with stringent government regulations on VOC emissions from various industries especially those pertainingto protective or decorative coating applications for woodworking furniture among others).
Growth Factors:
- Increasing demand from end-use industries: The global low VOC coalescent market is projected to grow at a CAGR of 5.5% from 2017 to 2022, owing to the increasing demand for low VOC coalescent from various end-use industries such as paints and coatings, adhesives and sealants, printing inks, and others.
- Rising environmental concerns: Stringent government regulations related to environment protection are driving the demand for low VOC coalescent products across the globe. For instance, in Europe Union (EU), Directive 2004/42/EC on solvents has been introduced with an aim of reducing emissions of volatile organic compounds (VOCs) into the atmosphere by 50%. This is expected to boost the growth of global low VOC coalescent market during forecast period.
- Technological advancements: The development of new technologies that help reduce environmental impact is anticipated to fuel the growth of global low VOC coalescent market during forecast period. For instance, Dow Chemical Company has developed a technology called “Dowtherm A” which helps reduce emissions by up to 95%. This is expected to create new opportunities for players operating in global low VOC coalescent market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low VOC Coalescent Market Research Report
By Type
Bio-based, Petro-based
By Application
Architectural Paints and Coating, Automotive Paints and Coating, Protective Paints and Coating, Marine Coatings, Powder Coatings, Other
By Companies
Eastman Chemical, Emerald Kalama Chemical, Chemoxy, Dow, Celanese, BASF, ADM, ACS Technical Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Low VOC Coalescent Market Report Segments:
The global Low VOC Coalescent market is segmented on the basis of:
Types
Bio-based, Petro-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architectural Paints and Coating, Automotive Paints and Coating, Protective Paints and Coating, Marine Coatings, Powder Coatings, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman Chemical
- Emerald Kalama Chemical
- Chemoxy
- Dow
- Celanese
- BASF
- ADM
- ACS Technical Products
Highlights of The Low VOC Coalescent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bio-based
- Petro-based
- By Application:
- Architectural Paints and Coating
- Automotive Paints and Coating
- Protective Paints and Coating
- Marine Coatings
- Powder Coatings
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low VOC Coalescent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low VOC Coalescent is a coating that reduces the amount of volatile organic compounds (VOCs) released from a material. Low VOC Coalescent can be used on surfaces such as wood, metal, and plastic to help reduce environmental impact.
Some of the major players in the low voc coalescent market are Eastman Chemical, Emerald Kalama Chemical, Chemoxy, Dow, Celanese, BASF, ADM, ACS Technical Products.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low VOC Coalescent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low VOC Coalescent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low VOC Coalescent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low VOC Coalescent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low VOC Coalescent Market Size & Forecast, 2020-2028
4.5.1 Low VOC Coalescent Market Size and Y-o-Y Growth
4.5.2 Low VOC Coalescent Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bio-based
5.2.2 Petro-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Architectural Paints and Coating
6.2.2 Automotive Paints and Coating
6.2.3 Protective Paints and Coating
6.2.4 Marine Coatings
6.2.5 Powder Coatings
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low VOC Coalescent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low VOC Coalescent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bio-based
9.6.2 Petro-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Architectural Paints and Coating
9.10.2 Automotive Paints and Coating
9.10.3 Protective Paints and Coating
9.10.4 Marine Coatings
9.10.5 Powder Coatings
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bio-based
10.6.2 Petro-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Architectural Paints and Coating
10.10.2 Automotive Paints and Coating
10.10.3 Protective Paints and Coating
10.10.4 Marine Coatings
10.10.5 Powder Coatings
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bio-based
11.6.2 Petro-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Architectural Paints and Coating
11.10.2 Automotive Paints and Coating
11.10.3 Protective Paints and Coating
11.10.4 Marine Coatings
11.10.5 Powder Coatings
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bio-based
12.6.2 Petro-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Architectural Paints and Coating
12.10.2 Automotive Paints and Coating
12.10.3 Protective Paints and Coating
12.10.4 Marine Coatings
12.10.5 Powder Coatings
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bio-based
13.6.2 Petro-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Architectural Paints and Coating
13.10.2 Automotive Paints and Coating
13.10.3 Protective Paints and Coating
13.10.4 Marine Coatings
13.10.5 Powder Coatings
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low VOC Coalescent Market: Competitive Dashboard
14.2 Global Low VOC Coalescent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman Chemical
14.3.2 Emerald Kalama Chemical
14.3.3 Chemoxy
14.3.4 Dow
14.3.5 Celanese
14.3.6 BASF
14.3.7 ADM
14.3.8 ACS Technical Products
