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
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.