DUBLIN — Market research store Research and Markets announced the release of a new study, Global Low VOC Paint Market 2022-2026. According to the report, the low-VOC paint market is poised to grow by $2.82 billion during 2022-2026, accelerating at a compound annual growth rate (CAGR) of 6.2% during the forecast period.
The study finds that the market is driven by increased regulations on high emissions of VOC, increasing awareness about harmful effects of conventional paint, and increased public awareness of the environment. The market analysis includes segment type (waterborne, solventborne and powder) and geographic landscape (APAC, North America, Europe, South America, and the Middle East and Africa).
The study has identified the increasing focus on bio-based and eco-friendly products as one of the prime drivers of growth in the low-VOC paint market over the next few years. Additionally, increasing demand for UV-curable paints and rising residential and commercial construction activity globally will lead to sizable demand in the market.
A robust vendor analysis within the report is designed to help clients improve their market position. Accordingly, the report provides a detailed analysis of several leading low-VOC paint market vendors. The analysis also includes information on upcoming trends and challenges that will influence market growth.
Additional information is available here.