Impact Of Rising Construction Activities On The Low-VOC Paint Market Driver: A Major Catalyst in the Evolution of the Low VOC Paint Market in 2025

How Is the Low VOC Paint Market Projected to Grow, and What Is Its Market Size?_x000D_
In recent years, there has been a significant expansion in the market size of low VOC paint. The market is set to increase from $2.82 billion in 2024 to an estimated $3.08 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.1%. Several factors like strict environmental regulations, heightened media attention, increased demand for eco-friendly building materials, growing urbanization, and a rise in awareness about indoor air quality have contributed to this growth during the historical period._x000D_
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In the coming years, the low VOC paint market is poised to experience robust growth, with projections indicating a sizeable increase to $4.31 billion in 2029, recording a compound annual growth rate (CAGR) of 8.8%. This anticipated growth during the forecast period can be credited to expanding environmental consciousness, development of infrastructure, broadening of end-user industries, heightened market penetration and awareness drives, and a growing prevalence of health issues. Dominant trends throughout the forecast span are expected to be a shift towards waterborne formulations, a leaning towards eco-friendly products, assimilation of innovative technologies, tailor-made paint solutions, as well as product innovation and progression._x000D_
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What Are the Primary Growth Drivers for the Low VOC Paint Market?_x000D_
The growth of the low VOC paint market is anticipated to be boosted by escalating construction activities. These activities include the construction, renovation, or demolition of structures like buildings, roads, bridges, among other infrastructures. The expansion of construction activities is fueled by factors such as population growth, urbanization, infrastructure development, and an upsurge in real estate investments. Low VOC paints are utilized in newly established buildings to improve environmental sustainability and the quality of indoor air. They also provide eco-friendly building materials and comply with stringent regulations about air quality and emissions. For example, the US government agency, the International Trade Administration, recorded a growth of 0.4% in the construction industry in 2022, followed by an increase of 1.1% in 2023. Consequently, the thriving construction activities are propelling the expansion of the low-VOC paint market._x000D_
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Who Are the Major Industry Players Fueling Low VOC Paint Market Expansion?_x000D_
Major companies operating in the low VOC paint market are BASF SE, Mitsubishi Chemical Corporation, Sherwin-Williams Company, Asahi Kasei Corporation, PPG Industries Inc., Sika AG, AkzoNobel NV, Nippon Paint Holdings Co Ltd., Ace Hardware Corporation, Behr Process Corporation, Masco Corporation, Wacker Chemie AG, Axalta Coating Systems Ltd., Valspar Corporation, Asian Paints Ltd., Hempel A/S, Jotun Group, Benjamin Moore & Co., Kansai Nerolac Paints Ltd., Kelly-Moore Paint Company Inc., Cloverdale Paint Inc., Rodda Paint Company, Dunn-Edwards Corporation, Pratt And Lambert Paints, Dairen Chemical Corporation_x000D_
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Which Key Developments Are Influencing the Low VOC Paint Market?_x000D_
Leading businesses in the low VOC paint market are concentrating on the creation of novel products like ultra-low VOC air-purifying paint, to cater to the increasing demand of consumers for materials that are eco-friendly and promote healthy living. Ultra-low VOC air-purifying paint is a sophisticated form of paint that releases minimal levels of volatile organic compounds (VOCs) and has air purification ability. As a case in point, Crown Paints Limited, a UK-based company specialising in paints and coatings, introduced the Crown Trade Clean Air, an ultra-low VOC air-purifying paint, in July 2023. This product can eliminate up to 45% of formaldehyde in the air. It integrates the unique breath-easy technology from Crown, ensuring that 99% of the paint is free from solvents and it has been certified as being safe for individuals with allergies and asthma._x000D_
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How Is the Segmentation of the Low VOC Paint Market Defined?_x000D_
The low VOC paint market covered in this report is segmented -_x000D_
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1) By Type: Traditional Spring Alkyd Paint, High Solid Alkyd Paint, Acrylic Latex Paint, Other Types_x000D_
2) By Formulation Type: Waterborne, Solvent-Borne, Powder_x000D_
3) By Application: Architecture And Decorative, General Industrial, Automotive Original Equipment Manufacturer, Automotive Refinish, Marine, Consumer Durables, Other Applications_x000D_
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Subsegments:_x000D_
1) By Traditional Spring Alkyd Paint: Oil-Based Alkyd Paint, Water-Based Alkyd Paint_x000D_
2) By High Solid Alkyd Paint: Solvent-Based High Solid Alkyd Paint, Water-Based High Solid Alkyd Paint_x000D_
3) By Acrylic Latex Paint: Water-Based Acrylic Latex Paint, Low-Voc Acrylic Latex Paint_x000D_
4) By Other Types: Epoxy Paint, Polyurethane Paint, Enamel Paint, Silicone-Based Paint_x000D_
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What Is the Leading Region in the Low VOC Paint Market?_x000D_
Asia-Pacific was the largest region in the low VOC paint market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the low VOC paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Low VOC Paint Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Low VOC Paint Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Low VOC Paint Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Low VOC Paint Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Low VOC Paint Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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