Low VOC Paint Market Size

Statistics for the 2023 & 2024 Low VOC Paint market size, created by Mordor Intelligence™ Industry Reports. Low VOC Paint size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Low VOC Paint Industry

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Low VOC Paint Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 8.84 Billion
Market Size (2029) USD 11.66 Billion
CAGR (2024 - 2029) > 5.60 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Low VOC Paint Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Low VOC Paint Market Analysis

The Low VOC Paint Market size is estimated at USD 8.84 billion in 2024, and is expected to reach USD 11.66 billion by 2029, growing at a CAGR of greater than 5.60% during the forecast period (2024-2029).

  • The COVID-19 pandemic impacted the low VOC paint market in 2020 and 2021, driven by reduced economic and commercial activities coupled with declines in construction and industrial output. But the market recovered in recent years and is anticipated to grow over the period.
  • The increasing awareness about the harmful effects of conventional paints, which is contrary to low VOC paints as they are eco-friendly and safe to use, is expected to drive the market's growth during the forecast period.
  • On the other hand, the high cost of low VOC paint compared to conventional paint is expected to hinder the market's growth.
  • The increasing construction of green buildings, shift toward eco-friendly chemicals, and recycling of low VOC paint will likely provide opportunities for the market studied during the forecast period.
  • Asia-Pacific dominated the global market due to the high consumption of low-VOC paints from the architectural industry.

Low VOC Paint Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)