Low-VOC Coating Additive Market is forecasted to grow USD 8.70 Billion at a CAGR of 5.9% by 2027
The global Low-VOC Coating Additive market is forecasted to grow at a rate of 5.9% from USD 5.51 Billion in 2019 to USD 8.70 Billion in 2027. An increase in the level of emission of hazardous air pollutants (HAPs) and VOCs from conventional coatings are harming the environment, which is causing concerns among the government. Most countries are restricting the usage of toxic and environment-degrading coatings. This is creating a demand for low-VOC coating additives.
Top Companies Operating in the Global Low-VOC Coating Additive Market:
Allnex, BASF SE, Eastman Chemical Company, Elementis PLC, Altana AG, Huntsman, DOW, OM Group, Inc., Applied Plastics Co., Inc., and Berger Paints India Limited
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The Low-VOC Coating Additive market investigation report assesses the global market for the Low-VOC Coating Additive industry and provides revenue and capability forecasts for the projected period of 2027. The factors that drive the industry’s growth are highlighted in the report. The report divides the Low-VOC Coating Additive market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry’s major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The Low-VOC Coating Additive market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Low-VOC Coating Additive market.
The global Low-VOC Coating Additive market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; 2017-2027)
- Rheology modifiers
- Wetting agent
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Powder based
- Radiation Cure
Application Outlook (Revenue, USD Billion; 2017-2027)
- Automotive Coatings
- Wood Coatings
- Architectural Coatings
- Industrial Coatings
- Packaging Coatings
- Product Finishes Coatings
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