Low VOC Paints Market Size, Trends and Insights By Type (Low-VOC, No or Zero VOC, Natural), By Technology (Water borne, Solvent borne, Powder), By Application (Architecture and Decorative, General Industrial, Automotive OEM, Automotive Refinish, Marine, Consumer Durables, Other Applications), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI19824

Published Date: October 2022

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 5.8%
211.34M
2021
812M
2022
5188.95M
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Benjamin Moore & Co.
  • The Sherwin-Williams Company
  • Akzo Nobel N.V.
  • PPG Industries Inc.
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Low VOC Paints Market size was estimated at USD 211.34 Million in 2021 and is expected to reach USD 812 million in 2022 and is expected to hit around USD 5188.95 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030.

Low VOC paint contains a low or minimum amount of volatile organic compound. It is also considered a bio-based paint. It is a VOC solvent than traditional coatings. The paint won’t give off as much harmful gas as traditional paint because of low or minimum VOC. It should contain fewer than 50 grams of VOCs per liter. This paint is less harmful to the environment than traditional paint, due to which the market is growing.

Growth Factors. 

The growing use of low VOC paints in automotive and architecture will aid the market growth.

Manufacturers have increased their production capacities for the low VOC paint due to the rising concern about environmental safety, and the high adoption of bio-based paints by the consumer has fueled the market during the forecast period.  

Increasing demand from the architecture decorative trends is expected to act as one of the critical factors responsible for the growth of the global low VOC paints market. Low VOC paints are preferred over conventional coating materials due to their low volatile organic content, low toxicity, resistance to abrasion, and water retention capacity. As a result, low VOC paints are extensively used in the building infrastructure for interior and exterior protecting coating and decorative applications. According to an article published by the India Brand Equity Foundation, the paint market is expected to grow 20% annually in the next two years. These factors are anticipated to increase the demand for low-VOC paints in the architecture sector.  

Furthermore, the growing trend of renovation activities based on modern theme infrastructure has surged the popularity of low VOC paints, which are used to decorate walls, aesthetically pleasing floors, and others. This factor is anticipated to increase the potential sales of low VOC paints, thus, offering the most lucrative opportunities for the market to grow. 

Moreover, an increase in green building and construction activity has surged the popularity of low-VOC paints. In addition, the rapid shift toward eco-friendly chemicals and the recycling of low-VOC colors will likely provide the most lucrative opportunities for the market during the forecast period.

Low VOC paints market Segmentation.

Low VOC paints market, a segment on the basis of Resin Type

The global low-VOC paints market is studied low-VOC, no or zero VOC, and natural. It is expected that the international low VOC type segment to hold a dominant position during 2022 -2031 with a total share of 28.78%. 

The emergence of high solid paints and coatings which produces no or low VOC has surged the popularity of low VOC paints. In addition, growing infrastructure activities in developed and developing economies have enhanced the need for low-VOC colors, which are extensively used in paints and coatings. In addition, advancements in technology, government support, and the initiation of bio-based paints have increased the demand for low-VOC paints. These factors are escalating the growth of the low-VOC paints market.

Low VOC paints market, segmented by Formulation Type 

Depending upon the formulation type, the market is segmented into water-borne, solvent-borne, and powder. It is expected that the water-borne formulation type segment will be the dominant segment and account for a total share of 32.23% during the forecast period.

The water-borne type uses water as its solvent. It is eco-friendly and produces low fumes. In addition, it has a pleasant odor, which is widely used in painting. It contains filler, pigments, and binder, all dissolved in water. Their low level of volatile organic compound (VOC) made it a go-to paint after the new VOC regulations. This makes them environmentally friendly colors with minimal to zero harmful effects on your health. This factor is expected to act as one of the critical factors responsible for the growth of low-VOC paints in the upcoming years.

Global Low VOC Paints Market 2023–2032 (By Technology)

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Low VOC paints market, a segment on the basis of Application

The global low VOC paints market is studied across architecture, decorative, general industrial, automotive OEM, automotive refinish, marine, consumer durables, and other applications. It is expected that the global architectural and ornamental segment will hold a dominant position from 2022 -2031 with a total share of 35%. 

The growing population has surged the building and construction activities in developed and developing countries, where low VOC paints are widely used to make attractive and aesthetically pleasing floors and walls. This factor is expected to increase the overall market growth in the upcoming years. Moreover, rising construction activities have also increased the demand for low-VOC paints owing to their eco-friendly, low toxicity, and sustainability. In addition, well-established auto components manufacturing plants have also enhanced the demand for low-VOC colors used on the car’s auto components as a coating and finishing agent.

Furthermore, well-established industrial sectors in developed and developing economies have surged the demand for low-VOC paints. In addition, several manufacturers have increased their production capacities for low-VOC colors. This factor is likely to boost the market in the upcoming years.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 211.34 Million
Projected Market Size in 2030 USD 5188.95 Million
Market Size in 2022 USD 812 Million
CAGR Growth Rate 5.8% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players 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, BASF SE, and Others
Key Segment By Type, Technology, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Analysis

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the low VOC paints market, with a total share of 36.89%. The utilization of low VOC paints has increased in the sectors such as building & construction, automotive, architecture and decorative, and other key market trends in the Asia-Pacific region.

The building & construction sector is one of the booming sectors in the Asia-Pacific region owing to the rising population, increase in disposable income among people, and growing consumer demand for houses has surged the building and construction sector. For instance, according to an article published by Invest India in August 2022, the construction Industry in India is expected to reach $1.4 Tn by 2025 due to a robust increase in the urban population which will significantly enhance the demand for low VOC paints where it gives protection to infrastructure without emitting harmful fumes in the environment. It is also used to decorate the windows & doors and floor slab surfaces.

Moreover, China is the world’s topmost producer of auto components, where low VOC paints are widely employed in sealing systems, interior roof panels, and other automotive parts as glassifying and finishing agents, propelling the market growth. In addition, according to data published by International Trade Administration, China’s construction industry is projected to grow at an annual average rate of 8.6% from 20220-2030. These factors are escalating the demand for low-VOC paints in the building and construction sector.  

The Europe region has shown considerable growth due to the strong presence of top automobile manufacturers such as BMW, Mercedes-Benz, Porsche, Audi, and Volkswagen, consistently adding value by producing desirable and attractive cars with low VOC paints for sealing applications.

This North American region is also anticipated to maintain its dominance throughout the forecast period. Countries such as the U.S., Canada, and Mexico have significantly contributed to the growth of the low-VOC paints market in the region.

Global Low VOC Paints Market 2023–2032 (By Million)

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Market Trend: 

Five brands: Nilaya by Asian Paints, Silk Breathe Easy by Berger Paints, Dulux India, Kansai Nerolac Impressions Eco Clean, and Khadi Prakritik Paints are, offering low or zero VOC paints follow the highest environmental standards for colors. This factor is anticipated to act as one of the key drivers responsible for the market’s growth during the forecast period. 

Key Players

  • 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
  • BASF SE
  • Others

Key Insights: 

  • The low or zero VOC paints type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 28.78%. 
  • Global water-borne formulation type segment to hold a dominant position during 2022 -2031 and accounted for 32.23% of the total market share during the forecast period.
  • The global architecture and decorative application segment are expected to hold a dominant position during the forecast period and account for 35% of the total market share. 
  • Asia-Pacific is the dominant region in the low VOC paints market, with a total market share of 36.89% during the forecast period.

Recent Developments:

In September 2020: PPG Company expanded its automotive refinish business in China, where it launched a new waterborne coating system consisting of an epoxy primer, primer surfacer, and clearcoat. The system complies with China’s latest environmental and volatile organic compound (VOC) standards that will take effect in December 2020.

The new waterborne system offers shallow VOC content while meeting or exceeding the properties of traditional methods. This strategic product launch has enhanced PPG’s low VOC business in Asia-Pacific.

In May 2022: British Coatings Federation launched a new race VOC Globe to recognize low VOC paint products. This new product will be used for products with a VOC content of less than 0.1%. This strategic product launch has to strengthen the product portfolio of low-VOC paints.

Global Low VOC Paints Market 2023–2032 (By Type)

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COVID-19 Analysis

The low VOC paints market has a negative and short-term impact due to the wake of the COVID-19 pandemic; owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.

Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown. The unavailability of raw material and the hike in prices of bio-based paints has affected the market adversely.

However, the low VOC paint market faced several difficulties with material supply chain disruptions, and labour shortages, in 2020. In addition, the complete shutdown of the automotive, building and construction, and home furnishing sector have affected the market negatively.

Also, several low VOC paints-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce. 

This has temporarily hampered the demand and supply chain of the low VOC paints market. In addition, the falling income of customers has led contraction in demand for glasses, refractory materials, and others during the COVID-19 period.  

In the first quarter of 2021, the market for low-VOC paints experienced an increase in the demand for low VOC paints chemicals in building and construction, automotive, and other end-use industries worldwide compared to 2020. 

Segments covered in the report

By Type

  • Low-VOC
  • No or Zero VOC
  • Natural

By Technology

  • Waterborne
  • Solvent-borne
  • Powder

By Application

  • Architecture and Decorative
  • General Industrial
  • Automotive OEM
  • Automotive Refinish
  • Marine
  • Consumer Durables
  • Other Applications

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Low VOC Paints Market, (2022 – 2030) (USD Million)
    • 2.2 Global Low VOC Paints Market : snapshot
  • Chapter 3. Global Low VOC Paints Market – Industry Analysis
    • 3.1 Low VOC Paints Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Technology
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Low VOC Paints Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Low VOC Paints Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Low VOC Paints Market – Type Analysis
    • 5.1 Global Low VOC Paints Market overview: By Type
      • 5.1.1 Global Low VOC Paints Market share, By Type, 2021 and 2030
    • 5.2 Low-VOC
      • 5.2.1 Global Low VOC Paints Market by Low-VOC, 2022 – 2030 (USD Million)
    • 5.3 No or Zero VOC
      • 5.3.1 Global Low VOC Paints Market by No or Zero VOC, 2022 – 2030 (USD Million)
    • 5.4 Natural
      • 5.4.1 Global Low VOC Paints Market by Natural, 2022 – 2030 (USD Million)
  • Chapter 6. Global Low VOC Paints Market – Technology Analysis
    • 6.1 Global Low VOC Paints Market overview: By Technology
      • 6.1.1 Global Low VOC Paints Market share, By Technology, 2021 and 2030
    • 6.2 Water borne
      • 6.2.1 Global Low VOC Paints Market by Water borne, 2022 – 2030 (USD Million)
    • 6.3 Solvent borne
      • 6.3.1 Global Low VOC Paints Market by Solvent borne, 2022 – 2030 (USD Million)
    • 6.4 Powder
      • 6.4.1 Global Low VOC Paints Market by Powder, 2022 – 2030 (USD Million)
  • Chapter 7. Global Low VOC Paints Market – Application Analysis
    • 7.1 Global Low VOC Paints Market overview: By Application
      • 7.1.1 Global Low VOC Paints Market share, By Application, 2021 and 2030
    • 7.2 Architecture and Decorative
      • 7.2.1 Global Low VOC Paints Market by Architecture and Decorative, 2022 – 2030 (USD Million)
    • 7.3 General Industrial
      • 7.3.1 Global Low VOC Paints Market by General Industrial, 2022 – 2030 (USD Million)
    • 7.4 Automotive OEM
      • 7.4.1 Global Low VOC Paints Market by Automotive OEM, 2022 – 2030 (USD Million)
    • 7.5 Automotive Refinish
      • 7.5.1 Global Low VOC Paints Market by Automotive Refinish, 2022 – 2030 (USD Million)
    • 7.6 Marine
      • 7.6.1 Global Low VOC Paints Market by Marine, 2022 – 2030 (USD Million)
    • 7.7 Consumer Durables
      • 7.7.1 Global Low VOC Paints Market by Consumer Durables, 2022 – 2030 (USD Million)
    • 7.8 Other Applications
      • 7.8.1 Global Low VOC Paints Market by Other Applications, 2022 – 2030 (USD Million)
  • Chapter 8. Low VOC Paints Industry – Regional Analysis
    • 8.1 Global Low VOC Paints Industry Regional Overview
    • 8.2 Global Low VOC Paints Industry Share, by Region, 2021 & 2030 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Low VOC Paints Industry, 2022 – 2030 (USD Million)
        • 8.3.1.1 North America Low VOC Paints Industry, by Country, 2022 – 2030 (USD Million)
    • 8.4 North America Low VOC Paints Industry, by Type, 2022 – 2030
      • 8.4.1 North America Low VOC Paints Industry, by Type, 2022 – 2030 (USD Million)
    • 8.5 North America Low VOC Paints Industry, by Technology, 2022 – 2030
      • 8.5.1 North America Low VOC Paints Industry, by Technology, 2022 – 2030 (USD Million)
    • 8.6 North America Low VOC Paints Industry, by Application, 2022 – 2030
      • 8.6.1 North America Low VOC Paints Industry, by Application, 2022 – 2030 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Low VOC Paints Industry, 2022 – 2030 (USD Million)
        • 8.7.1.1 Europe Low VOC Paints Industry, by Country, 2022 – 2030 (USD Million)
    • 8.8 Europe Low VOC Paints Industry, by Type, 2022 – 2030
      • 8.8.1 Europe Low VOC Paints Industry, by Type, 2022 – 2030 (USD Million)
    • 8.9 Europe Low VOC Paints Industry, by Technology, 2022 – 2030
      • 8.9.1 Europe Low VOC Paints Industry, by Technology, 2022 – 2030 (USD Million)
    • 8.10 Europe Low VOC Paints Industry, by Application, 2022 – 2030
      • 8.10.1 Europe Low VOC Paints Industry, by Application, 2022 – 2030 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Low VOC Paints Industry, 2022 – 2030 (USD Million)
        • 8.11.1.1 Asia Pacific Low VOC Paints Industry, by Country, 2022 – 2030 (USD Million)
    • 8.12 Asia Pacific Low VOC Paints Industry, by Type, 2022 – 2030
      • 8.12.1 Asia Pacific Low VOC Paints Industry, by Type, 2022 – 2030 (USD Million)
    • 8.13 Asia Pacific Low VOC Paints Industry, by Technology, 2022 – 2030
      • 8.13.1 Asia Pacific Low VOC Paints Industry, by Technology, 2022 – 2030 (USD Million)
    • 8.14 Asia Pacific Low VOC Paints Industry, by Application, 2022 – 2030
      • 8.14.1 Asia Pacific Low VOC Paints Industry, by Application, 2022 – 2030 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Low VOC Paints Industry, 2022 – 2030 (USD Million)
        • 8.15.1.1 Latin America Low VOC Paints Industry, by Country, 2022 – 2030 (USD Million)
    • 8.16 Latin America Low VOC Paints Industry, by Type, 2022 – 2030
      • 8.16.1 Latin America Low VOC Paints Industry, by Type, 2022 – 2030 (USD Million)
    • 8.17 Latin America Low VOC Paints Industry, by Technology, 2022 – 2030
      • 8.17.1 Latin America Low VOC Paints Industry, by Technology, 2022 – 2030 (USD Million)
    • 8.18 Latin America Low VOC Paints Industry, by Application, 2022 – 2030
      • 8.18.1 Latin America Low VOC Paints Industry, by Application, 2022 – 2030 (USD Million)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Low VOC Paints Industry, 2022 – 2030 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Low VOC Paints Industry, by Country, 2022 – 2030 (USD Million)
    • 8.20 The Middle-East and Africa Low VOC Paints Industry, by Type, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Low VOC Paints Industry, by Type, 2022 – 2030 (USD Million)
    • 8.21 The Middle-East and Africa Low VOC Paints Industry, by Technology, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Low VOC Paints Industry, by Technology, 2022 – 2030 (USD Million)
    • 8.22 The Middle-East and Africa Low VOC Paints Industry, by Application, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Low VOC Paints Industry, by Application, 2022 – 2030 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Benjamin Moore & Co.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 The Sherwin-Williams Company
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Akzo Nobel N.V.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 PPG Industries Inc.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 The Dow Chemical Company
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 American Formulating & Manufacturing
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 YOLO Colorhouse LLC
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Dunn-Edwards Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Wacker Chemie AG
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 EcoProCote
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 BASF SE
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • 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
  • BASF SE
  • Others

FAQs

“Asia-Pacific” region will lead the global Low VOC Paints market during the forecast period 2022 to 2030.

The key factors driving the market is the growing use of low VOC paints in automotive and architecture.

The key players operating in the Low VOC Paints 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, BASF SE

The global Low VOC Paints market is expanding growth with a CAGR of approximately 5.8% during the forecast period (2022 to 2030).

The global Low VOC Paints market size was valued at USD 211.34 Million in 2021 and it is projected to reach around USD 5188.95 Million by 2030.

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