Bio-based And Low VOC Paints Market Application and Regional Outlook and Segments Overview to 2025

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Bio-based And Low VOC Paints Market Global
Industry Forecast Analysis over 2019 - 2025
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• Bio-based And Low VOC Paints Market Scenario

• 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.
• 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.
• 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.

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• Bio-based and low VOC paints market segment by
  application includes building construction,
  industrial cleaning, adhesives sealants,
  printing inks, automotive, pharmaceutical and
  others such as aerospace, shipbuilding etc. Among
  these, construction sector will grow at a
  significant pace. Rapid industrialization and
  urbanization in Asia Pacific, will drive
  construction industry to boost its economy.
  Regional government are making substantial
  investment in the major construction projects to
  boost the regions overall output.
• For instance, According to National Bureau of
  Statistics Chinas construction gross output is
  increased by 9.84 from 2016 to 2017, and it is
  likely to grow with similar rate in the
  forthcoming years. Rising nuclear families couple
  with increased migration rate to urban cities has
  resulted in higher housing requirement, which is
  driving the overall market growth during the
  forecast spell.

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• Regional Analysis

• 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.

• Competitive Analysis

• 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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