Global Market Insights Add New 2019-2025 Global Bio-based And Low VOC Paints Market Report to its research database presenting an informative study covering the market with detailed analysis. The Global Bio-based And Low VOC Paints Market research report is a professional and in-depth study on the current state of global Industry.
Asia Pacific, Middle East and Latin America region will witness significant growth rate during the forecast timeframe. Rising infrastructural and residential construction activities in these region will bolster Bio-based and low VOC paints market. In addition, surge in need to revive construction industry in the U.S. and the Europe will drive product demand which will make positive impact on the market size in the coming years. Europe has made certain stringent policies to promote sustainable construction techniques which will help reduce greenhouse gas emissions and also improve energy efficiency.
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Bio-based are characterized by one with low Volatile Organic Compounds, since traditional painting materials have harmful effects on the environment and high levels of VOC solvents contribute to pollution and reduce the indoor air quality. Therefore, rising concerns among consumers regarding bio-based paints owing to their superior characteristics such as low odor, low toxicity clean air, as well as added durability and a washable finish will propel bio-based and low VOC paints market in near future.
Commercialization of cutting-edge technologies for the production of bio-based versions of existing paints & chemicals and introduction of bio-based compounds with new functionalities will create lucrative opportunities for paint manufacturers. For instance, BASF has extended its scope of bio-based polyols that are used for production of low-emission 2K PU coatings for both interior and exterior utility. Besides, growing population along with increasing purchase power parity is propelling the demand for automotive and consumer goods. Thus, in return is proliferating the overall business expansion.
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Minimizing emission of toxic byproducts and chemical waste in the ecosystem is the foremost benefit of these sustainable bio-based and low VOC paints. These product offer several advantages over conventional counterparts such as water miscibility, low corrosivity, excellent pigment-wetting properties and high solvency power. However, high cost of production of low VOC paints and dependence of paints on chemical industry might restrain bio-based and low VOC paints market in near future. Since, bio-based paints are derived from natural resources such as plants, natural minerals, plant dyes, water, mineral dyes, bees wax, clay, essential oils etc.
Prominent players operating in the global bio-based and low VOC paints market includes Benjamin Moore & Co. BASF SE, Pflanzenchemie AG, Bioshield, Dulux, corbion, Mythic Paint, The Freshaire Choice, DuraSoy One Paint, Sheldon & Sons, EcoProCote, BioAmber, Cargill etc. New product development, capacity expansion, and product customizations are the key strategic initiatives incorporated by key players.
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