Global Bio-based and Low-VOC Paints Market: Snapshot
Volatile organic compounds or VOCs are referred to as substances or materials such as formaldehyde which are basically employed in paints in order to enable them to dry easily and quickly. These are considered to be extremely toxic for humans and the release of high levels of volatile organic fumes from VOC paints are also harmful for the environment. The paints which are bio-based use the raw materials that are derived from natural resources such as natural minerals and plants which include talcum, mineral dyes, beewax, clay, essential oils, plant dyes, and plant oils. Low-VOC and bio-based paints embed comparatively low levels of volatile organic compounds as they are derived from animals and plants.
The report is an enquiry in the growth of the global bio-based and low-VOC paints market over the last few years and in the upcoming years. The market research study further reasons out the causes of the alterations in the market worldwide. It performs this task by presenting a valuation of the dynamics and the trends ubiquitous from the last few years and the ones that are likely to keep hold of a strong presence during the forecast period. The Porter’s five forces analysis has been taken into consideration by the analysts to offer a clear view of the vendor landscape to the readers. Mergers, agreements, acquisitions, and other partnerships have also been highlighted in the market research report. The study also delves into the working of several major companies along with information on their products, strategies, and shares in question.
Global Bio-based and Low-VOC Paints Market: Trends and Prospects
The global market for bio-based and low-VOC is anticipated to exhibit brisk growth over the coming due to increasing environmental concerns among consumers. Preferences of customers have increasingly shifted towards paints with low amount of VOC content owing to aspects such as easy maintenance, low negative effect on the environment, and low toxic levels. The rising awareness regarding the benefits of bio-based paints is expected to magnify the use of it over the forecast period. Another factor that is expected to be highly influential for the market’s growth is the burgeoning population in countries such as India and China which has intensified the construction of new households to accommodate the rising population. This, in turn, has supplemented the sales of bio-based and low-VOC paints. Growing disposable income of consumers is also expected to play a key role in the progress of the global market.
However, the growth of the global bio-based and low-VOC paints is likely to be restrained by the high cost of manufacturing of these paints in comparison to the conventional VOC paints. Additionally, the dependence of the paints industry on maintenance facilities such as household expansions and industrial units is shadow in the growing light of the market. The direct impact of economic downturn on the maintenance industry is likely to have an adverse impact on the paint industry as well, thus slowing it down.
Global Bio-based and Low-VOC Paints Market: Regional Overview
The growing awareness regarding the use of these paints in Africa and Asia Pacific is anticipated to put these regions at the forefront of the global bio-based and low-VOC paints market. Favourable government regulations are another factor supporting the market’s growth in these regions.
Global Bio-based and Low-VOC Paints Market: Companies Mentioned in the Report
The key companies operating in the market are Mythic Paint, The Freshaire Choice,Benjamin Moore & Co., DuraSoy One Paint, and Pflanzenchemie AG, among others.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments