Low VOC Paint Market Growth to be Driven by Emerging Trends | $4.1 Billion by 2029

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What is the Projected Market Size of the Low VOC Paint Industry?
The market size for low VOC paint has seen significant expansion in the past few years. It is expected to increase from $2.82 billion in 2024 to $3.04 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. This growth during the historic period can be attributed to strict environmental rules, heightened media attention, a surge in the demand for eco-friendly building materials, increased urbanization, and a boosted awareness regarding indoor air quality.

What Will Be the Size of the Low VOC Paint Market by 2029?
In the coming years, the low VOC paint market size is anticipated to experience substantial growth, poised to reach $4.1 billion by 2029 at a 7.8% Compound Annual Growth Rate (CAGR). This growth over the forecast period can be linked to rising environmental consciousness, the development of infrastructure, the enlargement of end-user industries, increased market penetration and promotional initiatives, as well as an uptick in health issues. The period in question is characterized by trends including a shift towards formulations based on water, a preference for eco-friendly products, the implementation of cutting-edge technologies, tailored paint solutions, and product innovation and advancement.

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What Are the Key Drivers Accelerating Growth in the Low VOC Paint Market?
The upswing in construction activities is anticipated to bolster the expansion of the low VOC paint market in the future. The term construction activities encompasses processes such as the building, refurbishment, or demolition of structures including buildings, bridgeways, roads, and other infrastructure. This surge in construction is fueled by factors such as population growth, urbanization, infrastructure progression, and heightened investment in the real estate sector. Low VOC paints are utilized in newly built facilities to boost environmental viability and improve indoor air conditions, provide eco-friendly construction material, and comply with stringent regulations around air quality and emissions. To illustrate, data from the International Trade Administration, a US government agency, showed growth in the construction sector by 0.4% in 2022, followed by a 1.1% rise in 2023. As such, the increasing construction activities serve as a driving force behind the growth of the low-VOC paint market.

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How Is the Low VOC Paint Market Segmented by Type, Application, and Region?
The low voc paint market covered in this report is segmented -

1) By Type: Traditional Spring Alkyd Paint, High Solid Alkyd Paint, Acrylic Latex Paint, Other Types
2) By Formulation Type: Waterborne, Solvent-Borne, Powder
3) By Application: Architecture And Decorative, General Industrial, Automotive Original Equipment Manufacturer, Automotive Refinish, Marine, Consumer Durables, Other Applications

Subsegments:
1) By Traditional Spring Alkyd Paint: Oil-Based Alkyd Paint, Water-Based Alkyd Paint
2) By High Solid Alkyd Paint: Solvent-Based High Solid Alkyd Paint, Water-Based High Solid Alkyd Paint
3) By Acrylic Latex Paint: Water-Based Acrylic Latex Paint, Low-Voc Acrylic Latex Paint
4) By Other Types: Epoxy Paint, Polyurethane Paint, Enamel Paint, Silicone-Based Paint

What Are the Key Trends Driving Growth in the Low VOC Paint Market?
Leading businesses in the low VOC paint market are concentrating on launching innovative items such as ultra-low VOC air-purifying paint, in response to the increased consumer interest in more sustainable and healthier construction materials. Ultra-low VOC air-purifying paint is a cutting-edge product that releases minimal levels of volatile organic compounds (VOCs) and actively cleanses the air. For example, in July 2023, Crown Paints Limited, a UK-based paint and coating company, introduced Crown Trade Clean Air, a novel ultra-low VOC air-purifying paint. This paint can eliminate up to 45% of formaldehyde present in the air. Crown Trade Clean Air utilizes the exclusive breath-easy technology of Crown, ensuring the paint is 99% free of solvents and is verified to be asthma and allergy-friendly.

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Who Are the Leading Companies Driving Growth in the Low VOC Paint Market?
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

Which Is the Leading Region in the Global Low VOC Paint Market?
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.

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