Low VOC or Zero VOC Paints Market, By Type (Low VOC, No or Zero VOC, Natural), By Formulation Type (Water-borne, Solvent- borne, Powder), By Application (Architecture & Decorative, General Industrial, Automotive OEM, Automotive Refinish, Marine, Consumer Durables, Others), and By Region ((North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Zero VOC and low VOC paints are not as durable as traditional paint, but they may last longer. However, this type of paint is better for the environment and will reduce costs. Low VOC paint is easily accessible, and is available in a variety of colors. These paints meet strict standards that are more stringent than the EPA's. They should contain 50 grams of VOC per liter for interior flat paint, and less than 150 grams per liter for exterior flat paint.
Market Dynamics:
The Low VOC or Zero VOC paint market is driven by the growing need for eco-friendly paints. Globally, there is a significant demand for these paints from the construction and architectural industry. These paints improve the durability of building surfaces and offer protection against UV radiation, fungus, and water seepage. Additionally, they add aesthetic appeal to buildings. Moreover, increased regulations on high VOC emissions and growing awareness of the negative effects of conventional paints are other major factor propelling market growth.
On the other hand, volatility in raw material prices, difficulty in establishing compatibility with existing paint systems, and high cost of low VOC paints compared to conventional paints are major factors expected to hamper the market growth.
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