USD 2.82 growth opportunity Low VOC Paint Market | Driven by increased regulations on

NEW YORK, July 7, 2022 /PRNewswire/ — The global low VOC paint market size will grow by USD 2.82 billion between 2021 and 2026, expanding at a CAGR of 6.2% during the forecast period. The report identifies APAC as the key market for low VOC paints. The region will observe the highest incremental growth and occupy 48% of the global market share. The growth of the end-user industries such as construction, automotive, and aerospace and defense is creating huge growth opportunities for vendors operating in the region.

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Vendor Landscape

The global low VOC paint market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market comprises many well-established players that focus on the designing and production of low VOC paint for various industries. The key vendors are based out of the US and Europe that have the technological know-how and expertise in low VOC paints. The major players are trying to establish a strong customer base by distributing their products across the world through retail and online distribution channels to remain competitive and gain significant market revenue. Global vendors face stiff competition from many regional vendors. Hence, established vendors are finding ways to differentiate their products in the global market to gain market share and have a sustainable competitive advantage.

Technavio identifies 3M Co., Aexcel Corp., Akzo Nobel NV, American Formulating and Manufacturing, Arkema Group, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Berkshire Hathaway Inc., Cloverdale Paint Inc., Fine Paints of Europe, Indestructible Paint Ltd., Jotun AS, Kansai Paint Co. Ltd., NEI Corp., Nippon Paint India Pvt. Ltd., PPG Industries Inc., Teijin Ltd., and The Sherwin-Williams Co. as some of the major market participants. Although the increased regulations on high emissions of VOC, increasing awareness about the harmful effects of conventional paint, and increased public awareness of the environment will offer immense growth opportunities, the volatility in raw material prices, problems related to material compatibility and cracking, and the high cost of low VOC to conventional paint will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Low VOC Paint Market 2022-2026: Segmentation

The global low VOC paint market is segmented as below:

The water-borne segment will have the highest share in the market. The wide use of water-borne low VOC paints in decorative and protective applications is driving the growth of the segment. Also, benefits such as environmental friendliness and cost-effectiveness are contributing to the growth of the segment.

About 485 of the overall market growth will originate from APAC. The expansion of automobile manufacturing bases, growing economies, and the expansion of the middle-class population are fostering the growth of the regional market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our low VOC paint market report covers the following areas:

Low VOC Paint Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the low VOC paint market. Backed with competitive intelligence and benchmarking, our research report on the low VOC paint market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Low VOC Paint Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026

• Detailed information on factors that will assist low VOC paint market growth during the next five years

• Estimation of the low VOC paint market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the low VOC paint market

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of low VOC paint market vendors

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Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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