Low VOC Paints and Coatings Market to Register a Stellar Growth Rate of CAGR of 6.2% by 2028

Global industry analysis

The Low VOC Paints and Coatings Market is showing remarkable growth in recent years. According to market research, it is expected to expand at a compound annual growth rate (CAGR) of 6.2% by 2028. This rise in demand can be attributed to the growing environmental concern around the world.

The need for  low-VOC paints and coatings has  increased due to increased regulatory pressure and increased public awareness of environmental and health effects, stimulating the creation of low-solvent, water-based decorative paints and coatings. or without solvent. Instead of using petroleum solvents as vehicles, low-VOC paints and varnishes use water.

Low VOC paints and coatings may use special solvents to reduce volatile organic content, such as de-aromatic solvents (aromatic content less than 1%). Toxic paint and coating fumes generated during application and drying have been linked to serious health problems such as asthma and other allergies.

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Hence, the demand for low VOC paints and coatings has increased significantly. Paints and coatings with a VOC content of less than 5 grams are often referred to as zero-VOC paints and coatings.

Dynamics of the global market for low-VOC paints and coatings

Low VOC Paints and Coatings Market Drivers

Stringent regulations by government and environmental agencies regarding harmful VOC emissions have allowed manufacturers to focus on developing alternative solutions such as low-VOC paints and coatings and traditional carbon-based paints and coatings. oil or hydrocarbon solvents.

The release of harmful VOCs has increased the number of health problems such as asthma, allergies and other respiratory problems. This is driving the demand for low VOC paints and coatings.

Growing consumer awareness and continuous technological advances have increased the demand for low VOC paints and coatings. As a result, significant investments have been made in the research and development of low-VOC paints and coatings.

Low VOC Paints & Coatings Market Limited

One of the major challenges facing the global market for low VOC paints and coatings is the high cost associated with manufacturing low VOC paints and coatings. Specialty solvents used in low VOC paints and coatings command significantly higher prices than conventional hydrocarbon solvents.

Manufacturers struggle with three parameters of low VOC paints and coatings: stable pricing, improved functionality and green chemistry, and balancing them has been a challenge for market players in the low VOC paints and coatings market.

Additionally, another challenge facing low VOC paints and coatings applications is their performance when used on surfaces such as wood and other materials that have insufficient adhesion to the surface.

Low VOC Paints and Coatings Market Trends

Manufacturers are focusing on developing low-VOC paints and coatings that are equivalent to conventional oil- or solvent-based paints and coatings in terms of performance and parameters such as adhesion, hardness and blocking resistance. These liners are also available in a variety of colors with tints and shimmers.

Manufacturers are also focusing on developing low VOC paints and coatings with finishes similar to conventionally used oil paints with superior leveling abilities.

To meet the growing demand for advanced paints and coatings, manufacturers are focusing on developing bio-based versions of paint and coating chemicals and other chemical compounds that can be widely deployed in the paints and coatings industry to meet the growing demand. are doing demand.

Manufacturers are also securing adequate supply chains for the distribution of low VOC paints and coatings, strategically expanding production facilities, and focusing on reducing the cost of low VOC paints and coatings.

Additionally, the popularity of low-VOC paints and coatings has increased among DIYers.

Global Market Segmentation for Low VOC Paints and Coatings

Based on carrier type
• Waterborne Paints and Coatings
• Solvent-based paints and coatings (e.g. dearomatized solvents)

By request type
• Decorative paints and coatings
• Non-decorative paints and coatings
• Wood coating
• Waterproof
• Protective coating

By surface type
• Metal
• Concrete
• Glass fiber
• Laminate
• Plastic

End Use Criteria
• Dwelling
• Advertisement
• Industry
• Infrastructure

By type
• Interior paints and coatings
• Exterior Paints and Coatings

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Global Market for Low VOC Paints and Coatings: A Regional Perspective

In terms of the regional outlook for the low-VOC paints and coatings market, North America and Europe are expected to hold a relatively larger share in the global low-VOC paints and coatings market. This may be due to stringent regulations for the manufacture of low VOC paints and coatings and restrictions on the use of certain chemicals in decorative and other paints. Consumers in the region are also becoming more aware of the importance of green and non-toxic homes.

Regions such as APAC are expected to experience relatively high growth rates in the global low-VOC paints and coatings market owing to the rapid development of the paints and coatings industry in countries such as China and India owing to rapid development in construction owing to urbanization. industrialization and infrastructure development.

Regions such as Latin America and MEA are expected to have a small share of the global low-VOC paints and coatings market but are expected to experience strong growth during the forecast period. The Japanese low VOC paints and coatings market is also expected to expand at a moderate CAGR over the forecast period.

Global market participants for low VOC paints and coatings

Examples of some of the market participants identified along the value chain of the global low VOC paints and coatings market include:

• Benjamin Moore and Company
• La Mpressa Sherwin-Williams
• Akzo Nobel NV
• Industrias PPG, Inc.
• Dow Chemical Company
• US Formulation and Manufacturing
• YOLO Color House LLC
• Dunn Edwards Inc.
• Barker Chemie AG
• Eco pro coat
• BASF SE

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