Market Overview:
The global low-volatile organic compounds (VOC) coating additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for low-VOC coatings in various end-use industries, such as industrial, commercial, and other applications. Low-VOC coatings are environment friendly and have better performance than traditional solventborne coatings. They also offer improved hiding power and color stability owing to which they are increasingly being used in various end-use industries. In terms of type, the global low-volatile organic compounds (VOC) coating additives market is segmented into coatings I and coatings II. Coatings I dominated the market in 2017 with a share of more than 60%. This segment is projected to grow at a CAGR of 5% during the forecast period due to its growing demand from end users across different regions.
 Coating Additives Industry Outlook.svg)
Product Definition:
A Low-Volatile Organic Compounds (VOC) Coating Additive is a substance that is added to a coating to reduce the amount of volatile organic compounds that are released into the air. These additives are important because they help protect the environment by reducing air pollution.
Coatings I:
Coatings I is a water-based emulsion of polyurethane and acrylic. It has high solid content (around 60%) and low liquid content (around 40%). Coating I can be applied by using spray, brush or roller. The major application of this product is in the automotive industry for exterior applications such as paint protection, weather-stripping door handles & windows, etc.
Coatings 2:
Coatings 2 is a water-based coating additive that improves the gloss, color, and durability of paints & coatings. It also increases the flexibility and viscosity of resins without affecting their dry time or strength. Coatings 2 can be used in both solvent-borne as well as water-based coatings.
Application Insights:
The other application segment includes automotive, aerospace and defense, and building & construction. The demand for low-volatile organic compounds (VOC) coatings in these applications is expected to witness a CAGR of XX% from 2018 to 2030 owing to the stringent regulations regarding air pollution control in various countries such as the U.S., China, India, etc. Furthermore, VOC emissions are highly regulated due to environmental concerns which will positively influence market growth over the forecast period.
Industrial was the largest application segment with a volume share of 70.1% in 2017 owing to its wide scope across several industries including chemical manufacturing.
Regional Analysis:
Asia Pacific dominated the global low-volatile organic compounds (VOC) coatings additives market in terms of both volume and revenue. The region is expected to witness significant growth over the forecast period owing to rapid industrialization, increasing foreign investments coupled with rising construction activities in emerging economies such as China, India, Indonesia and Thailand.
The growing manufacturing sector along with expanding end-use industries are projected to be key factors driving demand for VOC products across Asia Pacific region. Rapid urbanization coupled with growing infrastructure development activities is also likely to drive product demand over the coming years. In addition, favorable regulatory policies regarding use of environment friendly products for coating application are anticipated to further propel regional growth during the forecast period.
Europe was estimated as second largest consumer of low-volatile organic compounds (VOC) coatings additives after Asia Pacific in 2017 due high consumption of architectural paints across several countries including Germany, France Italy.
Growth Factors:
- Increasing demand for low-VOC coatings from the construction and automotive industries
- Stringent environmental regulations on VOC emissions driving the demand for low-VOC coatings additives
- Rising awareness among consumers about the health hazards of VOCs
- Growing popularity of waterborne coatings over solvent-based coatings
- Technological advancements in coating additives that reduce the amount of VOCs emitted
Scope Of The Report
Report Attributes
Report Details
Report Title
Low-Volatile Organic Compounds (VOC) Coating Additives Market Research Report
By Type
Coatings I, Coatings 2
By Application
Industrial, Commercial, Other
By Companies
BASF, PPG, Akzonobel, Axalta Coating Systems, Georgia-Pacific Chemicals, Kansai Paint, Nippon Paint, Dymax, Tiodize, Nationwide Protective Coating Mfrs, APV Engineered Coatings, Curtiss-Wright, Gellner Industrial, Whitford, Encore Coatings, Wooster Products, Berger Paints India
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Low-Volatile Organic Compounds (VOC) Coating Additives Market Report Segments:
The global Low-Volatile Organic Compounds (VOC) Coating Additives market is segmented on the basis of:
Types
Coatings I, Coatings 2
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
Industrial, Commercial, 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:
- BASF
- PPG
- Akzonobel
- Axalta Coating Systems
- Georgia-Pacific Chemicals
- Kansai Paint
- Nippon Paint
- Dymax
- Tiodize
- Nationwide Protective Coating Mfrs
- APV Engineered Coatings
- Curtiss-Wright
- Gellner Industrial
- Whitford
- Encore Coatings
- Wooster Products
- Berger Paints India
 Coating Additives Market Overview.svg)
Highlights of The Low-Volatile Organic Compounds (VOC) Coating Additives 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:
- Coatings I
- Coatings 2
- By Application:
- Industrial
- Commercial
- 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-Volatile Organic Compounds (VOC) Coating Additives 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
 Coating Additives Market Statistics.svg)
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-volatile organic compounds (LVOOCs) coating additives are used to improve the performance of coatings and protect the surface from environmental degradation.
Some of the key players operating in the low-volatile organic compounds (voc) coating additives market are BASF, PPG, Akzonobel, Axalta Coating Systems, Georgia-Pacific Chemicals, Kansai Paint, Nippon Paint, Dymax, Tiodize, Nationwide Protective Coating Mfrs, APV Engineered Coatings, Curtiss-Wright, Gellner Industrial, Whitford, Encore Coatings, Wooster Products, Berger Paints India.
The low-volatile organic compounds (voc) coating additives market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low-Volatile Organic Compounds (VOC) Coating Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low-Volatile Organic Compounds (VOC) Coating Additives Market - Supply Chain
4.5. Global Low-Volatile Organic Compounds (VOC) Coating Additives Market Forecast
4.5.1. Low-Volatile Organic Compounds (VOC) Coating Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low-Volatile Organic Compounds (VOC) Coating Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market Absolute $ Opportunity
5. Global Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Type
5.3.1. Coatings I
5.3.2. Coatings 2
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low-Volatile Organic Compounds (VOC) Coating Additives Demand Share Forecast, 2019-2026
9. North America Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Type
9.7.1. Coatings I
9.7.2. Coatings 2
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low-Volatile Organic Compounds (VOC) Coating Additives Demand Share Forecast, 2019-2026
10. Latin America Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Type
10.7.1. Coatings I
10.7.2. Coatings 2
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low-Volatile Organic Compounds (VOC) Coating Additives Demand Share Forecast, 2019-2026
11. Europe Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Type
11.7.1. Coatings I
11.7.2. Coatings 2
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low-Volatile Organic Compounds (VOC) Coating Additives Demand Share, 2019-2026
12. Asia Pacific Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Type
12.7.1. Coatings I
12.7.2. Coatings 2
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low-Volatile Organic Compounds (VOC) Coating Additives Demand Share, 2019-2026
13. Middle East & Africa Low-Volatile Organic Compounds (VOC) Coating Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low-Volatile Organic Compounds (VOC) Coating Additives Market Size and Volume Forecast by Type
13.7.1. Coatings I
13.7.2. Coatings 2
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low-Volatile Organic Compounds (VOC) Coating Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low-Volatile Organic Compounds (VOC) Coating Additives Market: Market Share Analysis
14.2. Low-Volatile Organic Compounds (VOC) Coating Additives Distributors and Customers
14.3. Low-Volatile Organic Compounds (VOC) Coating Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Akzonobel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Axalta Coating Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Georgia-Pacific Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kansai Paint
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon Paint
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dymax
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tiodize
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nationwide Protective Coating Mfrs
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. APV Engineered Coatings
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Curtiss-Wright
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Gellner Industrial
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Whitford
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Encore Coatings
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wooster Products
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Berger Paints India
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
