Bio based and Low VOC Paints Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

VOC (Volatile organic compounds) are substances or materials such as formaldehyde, which are employed in paints to enable them to dry easily and quickly. These are considered too toxic for humans, and the release of high levels of volatile organic fumes from VOC paints is also harmful to the environment. The bio-based paints use the raw materials derived from natural resources such as natural minerals and plants, including talcum, mineral dyes, beeswax, clay, essential oils, plant dyes, and plant oils. Low-VOC and bio-based paints embed comparatively low levels of volatile organic compounds derived from animals and plants.

MARKET DYNAMICS

The bio-based and low voc paints market has witnessed significant growth due to growing population along with increasing purchase power parity. Moreover, the rising awareness regarding the benefits of bio-based paints provide a huge market opportunity for the key players operating in the bio-based and low voc paints market. However, higher production cost is projected to hamper the overall growth of the bio-based and low voc paints market.

MARKET SCOPE

The "Global Bio-Based and Low VOC Paints Market Analysis to 2031 is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bio-based and low voc paints market with detailed market segmentation type, application, and geography. The global bio-based and low voc paints market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio-based and low voc paints market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global bio-based and low voc paints market is segmented on the basis of type and application. On the basis of type, the global bio-based and low voc paints market is divided into low voc, natural paints, zero voc, voc absorbing and other. On the basis of application, the global bio-based and low voc paints market is divided into building & construction, industrial & domestic cleaning, printing inks, adhesives & sealants, automotive, pharmaceutical and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bio-based and low voc paints market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-based and low voc paints market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the bio-based and low voc paints market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bio-based and low voc paints market in these regions.

MARKET PLAYERS

The reports cover key developments in the bio-based and low voc paints market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from bio-based and low voc paints market is anticipated to lucrative growth opportunities in the future with the rising demand for bio-based and low voc paints in the global market. Below mentioned is the list of few companies engaged in the bio-based and low voc paints market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bio-based and low voc paints market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BASF SE
  
•   Benjamin Moore & Co.
  
•   Bioshield
  
•   Dulux
  
•   DuraSoy One Paint
  
•   EcoProCote
  
•   Mythic Paint
  
•   Pflanzenchemie AG
  
•   Sheldon & Sons
  
•   The Freshaire Choice
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Bio based and Low VOC Paints Report Scope