Market Overview:
The global low VOC paints and coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for environment-friendly products, stringent regulations on VOC emissions, and rising awareness about the health hazards associated with exposure to VOCs. The water-based paints and coatings segment is expected to dominate the global low VOC paints and coatings market during the forecast period, owing to their superior properties such as durability, color retention, glossiness, and resistance to fading. The solvent-based paints and coatings segment is projected to grow at a higher CAGR than other segments during the forecast period due its ability form a harder finish that resists scratches better than water-based coats. In terms of application, residential sector is expected dominate the global low VOC paint market during 2018–2030 followed by commercial sector. Low volatile organic compound (VOC) content in these products makes them ideal for use in indoor spaces where human exposure potential is high such as schools, hospitals etc.
Product Definition:
Low VOC paints and coatings are paints and coatings that emit low levels of volatile organic compounds (VOCs). The use of low VOC paints and coatings is important because the emissions from these products can contribute to air pollution. Low VOC paints and coatings are available in a variety of formulations, including water-based, solvent-based, and powder.
Water-based Paints and Coatings:
Water-based paints and coatings are widely used in the construction industry. The growth of this market is attributed to increasing environmental regulations, which have mandated the use of low VOC products. Water-based paints and coatings contain a lower amount of Volatile Organic Compounds (VOCs) as compared to solvent-based counterparts.
Solvent-based Paints and Coatings:
Solvent-based paints and coatings are widely used in the construction industry. The global solvent-based paints and coatings market size was estimated at USD 53.8 billion in 2016, growing at a CAGR of XX% over the forecast period on account of increasing demand from residential & commercial building constructions across major economies including U.S., China, India, Germany, Brazil and UAE among others.
Application Insights:
The global demand for VOC paints and coatings was dominated by the residential sector, which accounted for 72.1% of the overall revenue share in 2017. The growth of this application segment is directly proportional to the level of consumer spending on renovation activities in their homes. In addition, rising awareness regarding environment protection has led consumers to opt for low VOC products with superior performance characteristics over traditional counterparts.
Global low VOC paints.
Commercial construction is expected to emerge as a lucrative market opportunity over the forecast period owing to increasing investments from governments in infrastructure development projects across various regions globally including Asia Pacific and Middle East & Africa countries such as Saudi Arabia, UAE and Qatar etc. These factors are anticipated to result in an increased demand for commercial construction activities thereby driving industry growth during the estimated time frame.
Regional Analysis:
Asia Pacific dominated the global low VOC paints and coatings market in 2016, accounting for over 45.0% share of the total revenue. The region is expected to witness significant growth in future due to increasing construction activities mainly driven by growing demand from developing countries such as China and India. In addition, rising disposable income coupled with a high population growth rate will drive the demand further.
The growing industrial sector along with increasing investments in commercial construction projects is anticipated to fuel product consumption across Europe during the forecast period. In addition, favorable regulatory policies are projected to propel market development over this region during the same period owing to its rapidly recovering economy post-recessionary slump observed around 2009-2010 which was followed by an economic depression from 2014-2015 till 2016-2017 (the so called Brexit).
Growth Factors:
- Increasing demand from the construction industry for low VOC paints and coatings as they are environment-friendly and do not release harmful gases into the atmosphere.
- Rising awareness among consumers about the health hazards of exposure to volatile organic compounds (VOCs) and their preference for low VOC paints and coatings.
- Stringent government regulations on emissions of VOCs from paints and coatings, which is driving manufacturers to develop low VOC products.
- The increasing popularity of green building initiatives that promote use of environmentally friendly products such as low VOC paints and coatings.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low VOC Paints and Coatings Market Research Report
By Type
Water-based Paints and Coatings, Solvent-based Paints and Coatings
By Application
Residential, Commercial, Industrial
By Companies
Benjamin Moore & Co, The Sherwin-Williams Company, Akzo Nobel N.V., PPG Industries, Inc., The Dow Chemical Company, American Formulating & Manufacturing, YOLO Colorhouse LLC, Dunn-Edwards Corporation, Wacker Chemie AG, EcoProCote
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Low VOC Paints and Coatings Market Report Segments:
The global Low VOC Paints and Coatings market is segmented on the basis of:
Types
Water-based Paints and Coatings, Solvent-based Paints and Coatings
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
Residential, Commercial, Industrial
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:
- Benjamin Moore & Co
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- PPG Industries, Inc.
- The Dow Chemical Company
- American Formulating & Manufacturing
- YOLO Colorhouse LLC
- Dunn-Edwards Corporation
- Wacker Chemie AG
- EcoProCote
Highlights of The Low VOC Paints and Coatings 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:
- Water-based Paints and Coatings
- Solvent-based Paints and Coatings
- By Application:
- Residential
- Commercial
- Industrial
- 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 Paints and Coatings 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 paints and coatings are those that have lower levels of volatile organic compounds (VOCs). Volatile organic compounds are chemicals that can evaporate, which can cause problems in the environment.
Some of the major companies in the low voc paints and coatings market are Benjamin Moore & Co, The Sherwin-Williams Company, Akzo Nobel N.V., PPG Industries, Inc., The Dow Chemical Company, American Formulating & Manufacturing, YOLO Colorhouse LLC, Dunn-Edwards Corporation, Wacker Chemie AG, EcoProCote.
The low voc paints and coatings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low VOC Paints and Coatings 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 Paints and Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low VOC Paints and Coatings 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 Paints and Coatings 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 Paints and Coatings Market Size & Forecast, 2018-2028
4.5.1 Low VOC Paints and Coatings Market Size and Y-o-Y Growth
4.5.2 Low VOC Paints and Coatings Market Absolute $ Opportunity
Chapter 5 Global Low VOC Paints and Coatings 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 Low VOC Paints and Coatings Market Size Forecast by Type
5.2.1 Water-based Paints and Coatings
5.2.2 Solvent-based Paints and Coatings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low VOC Paints and Coatings 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 Low VOC Paints and Coatings Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low VOC Paints and Coatings 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 Paints and Coatings 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 Low VOC Paints and Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Low VOC Paints and Coatings 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 Low VOC Paints and Coatings Market Size Forecast by Type
9.6.1 Water-based Paints and Coatings
9.6.2 Solvent-based Paints and Coatings
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 Low VOC Paints and Coatings Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Low VOC Paints and Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Low VOC Paints and Coatings 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 Low VOC Paints and Coatings Market Size Forecast by Type
10.6.1 Water-based Paints and Coatings
10.6.2 Solvent-based Paints and Coatings
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 Low VOC Paints and Coatings Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Low VOC Paints and Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low VOC Paints and Coatings 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 Low VOC Paints and Coatings Market Size Forecast by Type
11.6.1 Water-based Paints and Coatings
11.6.2 Solvent-based Paints and Coatings
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 Low VOC Paints and Coatings Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Low VOC Paints and Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Low VOC Paints and Coatings 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 Low VOC Paints and Coatings Market Size Forecast by Type
12.6.1 Water-based Paints and Coatings
12.6.2 Solvent-based Paints and Coatings
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 Low VOC Paints and Coatings Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Low VOC Paints and Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low VOC Paints and Coatings 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) Low VOC Paints and Coatings Market Size Forecast by Type
13.6.1 Water-based Paints and Coatings
13.6.2 Solvent-based Paints and Coatings
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) Low VOC Paints and Coatings Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Paints and Coatings Market: Competitive Dashboard
14.2 Global Low VOC Paints and Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Benjamin Moore & Co
14.3.2 The Sherwin-Williams Company
14.3.3 Akzo Nobel N.V.
14.3.4 PPG Industries, Inc.
14.3.5 The Dow Chemical Company
14.3.6 American Formulating & Manufacturing
14.3.7 YOLO Colorhouse LLC
14.3.8 Dunn-Edwards Corporation
14.3.9 Wacker Chemie AG
14.3.10 EcoProCote
