The global Low VOC Paint Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Low-VOC, No or Zero VOC, Natural), By Formulation (Water-borne, Solvent-borne, Powder), By Application (Architecture and Decorative, General Industrial, Automotive, Marine, Consumer Durables, Others).
Low VOC (volatile organic compound) paint has gained significant traction in the coatings industry as a sustainable alternative to traditional solvent-based paints in 2024. VOCs are chemicals that evaporate into the air during paint application and drying, contributing to air pollution and posing health risks to humans and the environment. Low VOC paints are formulated to contain reduced levels of these harmful compounds, typically below regulatory thresholds, without compromising on performance or aesthetics. These paints are environmentally friendly, emitting fewer pollutants into the atmosphere, and improving indoor air quality during and after painting. Low VOC paints are widely used in residential, commercial, and industrial applications, including interior and exterior walls, furniture, and appliances. With increasing awareness of environmental sustainability and stringent regulations on VOC emissions, the demand for low VOC paints s to grow, driving innovation in formulation technology and expanding market opportunities for eco-friendly coatings.
The market report analyses the leading companies in the industry including Akzo Nobel N.V., American Formulating & Manufacturing, Arkema S.A., Asian Paints, AURO, Axalta Coating Systems, BASF SE, Benjamin Moore & Co., Berger Paints India Ltd, BioShield Paint Company, Cloverdale Paint Inc, Crown Trade, Fine Paints of Europe, Jotun A/S, Kalekim, Kansai Paint Co. Ltd, Nippon Paint Holdings Co. Ltd, PPG Industries Inc, The Sherwin-Williams Company, and others.
A significant trend in the low VOC paint market is the increasing environmental awareness and regulation compliance. Low VOC (volatile organic compound) paints, formulated with reduced levels of harmful emissions, are gaining popularity due to growing concerns about indoor air quality and environmental sustainability. With stricter regulations imposed by governments and environmental agencies to limit VOC emissions from architectural coatings, there is a shift towards low VOC paint formulations across residential, commercial, and industrial sectors. This trend towards environmentally-friendly paints drives market growth as consumers and businesses prioritize health-conscious and eco-friendly alternatives for interior and exterior painting applications.
A key driver fueling the low VOC paint market is the consumer preference for healthier indoor environments. VOCs emitted from traditional paints contribute to indoor air pollution, leading to various health issues such as respiratory problems, allergies, and headaches. As awareness of the health risks associated with VOC exposure increases, consumers are opting for low VOC paint products that emit fewer harmful chemicals and odors, thus improving indoor air quality and creating safer living and working environments. Additionally, industries such as healthcare, hospitality, and education are adopting low VOC paints to meet occupant health and wellness standards, driving market demand for environmentally-friendly and health-conscious painting solutions.
A promising opportunity for the low VOC paint market lies in expansion into green building and sustainable construction projects. With the rising trend towards sustainable development and green building practices, there is a growing demand for building materials and coatings that minimize environmental impact and contribute to energy efficiency and indoor environmental quality. Low VOC paints play a crucial role in green building certification programs such as LEED (Leadership in Energy and Environmental Design) by contributing to credits related to indoor air quality and low-emitting materials. By targeting architects, contractors, and developers involved in sustainable construction projects, paint manufacturers can capitalize on the opportunity to supply low VOC paint products that meet green building standards and support environmentally-responsible construction practices. This opportunity allows paint manufacturers to differentiate their products, access niche markets, and align with the growing demand for sustainable building solutions in the construction industry.
The fastest-growing segment within the low VOC paint market is water-borne formulation. The market growth is driven by adoption of water-borne paints over solvent-borne and powder formulations. Water-borne paints contain lower levels of VOCs compared to solvent-borne alternatives, aligning with regulatory requirements and consumer preferences for environmentally friendly products. Additionally, water-borne paints offer potential advantages, including faster drying times, reduced odor, and ease of clean-up, making them more convenient and user-friendly for both professional painters and DIY enthusiasts. Furthermore, advancements in paint technology have led to the development of water-borne formulations with improved durability, adhesion, and color retention, narrowing the performance gap with solvent-borne paints. As environmental concerns continue to influence purchasing decisions and stringent regulations drive the shift towards low VOC coatings, the demand for water-borne paints is experiencing significant growth across residential, commercial, and industrial sectors, positioning it as the fastest-growing segment in the low VOC paint market.
The largest segment within the low VOC paint market is architecture and decorative. The large revenue share is primarily due to the extensive use of low VOC paints in residential, commercial, and institutional settings for interior and exterior applications. As environmental awareness grows and regulatory agencies implement stricter guidelines to reduce emissions of volatile organic compounds (VOCs), the architecture and decorative sector has increasingly shifted towards low VOC paint solutions. Low VOC paints offer benefits such as improved indoor air quality, reduced odor, and lower environmental impact, making them a preferred choice for architects, designers, and homeowners alike. Additionally, the aesthetic appeal and performance characteristics of low VOC paints, including durability, color retention, and ease of application, contribute to their widespread adoption in architectural projects and decorative applications. With sustainability becoming a key consideration in construction and renovation projects, the demand for low VOC paints in the architecture and decorative segment is expected to continue growing, maintaining its position as the largest segment in the low VOC paint market.
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Akzo Nobel N.V.
American Formulating & Manufacturing
Arkema S.A.
Asian Paints
AURO
Axalta Coating Systems
BASF SE
Benjamin Moore & Co.
Berger Paints India Ltd
BioShield Paint Company
Cloverdale Paint Inc
Crown Trade
Fine Paints of Europe
Jotun A/S
Kalekim
Kansai Paint Co. Ltd
Nippon Paint Holdings Co. Ltd
PPG Industries Inc
The Sherwin-Williams Company
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Low VOC Paint Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Low VOC Paint Market Size Outlook, $ Million, 2021 to 2032
3.2 Low VOC Paint Market Outlook by Type, $ Million, 2021 to 2032
3.3 Low VOC Paint Market Outlook by Product, $ Million, 2021 to 2032
3.4 Low VOC Paint Market Outlook by Application, $ Million, 2021 to 2032
3.5 Low VOC Paint Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Low VOC Paint Industry
4.2 Key Market Trends in Low VOC Paint Industry
4.3 Potential Opportunities in Low VOC Paint Industry
4.4 Key Challenges in Low VOC Paint Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Low VOC Paint Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Low VOC Paint Market Outlook by Segments
7.1 Low VOC Paint Market Outlook by Segments, $ Million, 2021- 2032
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
8 North America Low VOC Paint Market Analysis and Outlook To 2032
8.1 Introduction to North America Low VOC Paint Markets in 2024
8.2 North America Low VOC Paint Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Low VOC Paint Market size Outlook by Segments, 2021-2032
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
9 Europe Low VOC Paint Market Analysis and Outlook To 2032
9.1 Introduction to Europe Low VOC Paint Markets in 2024
9.2 Europe Low VOC Paint Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Low VOC Paint Market Size Outlook by Segments, 2021-2032
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
10 Asia Pacific Low VOC Paint Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Low VOC Paint Markets in 2024
10.2 Asia Pacific Low VOC Paint Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Low VOC Paint Market size Outlook by Segments, 2021-2032
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
11 South America Low VOC Paint Market Analysis and Outlook To 2032
11.1 Introduction to South America Low VOC Paint Markets in 2024
11.2 South America Low VOC Paint Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Low VOC Paint Market size Outlook by Segments, 2021-2032
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
12 Middle East and Africa Low VOC Paint Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Low VOC Paint Markets in 2024
12.2 Middle East and Africa Low VOC Paint Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Low VOC Paint Market size Outlook by Segments, 2021-2032
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Akzo Nobel N.V.
American Formulating & Manufacturing
Arkema S.A.
Asian Paints
AURO
Axalta Coating Systems
BASF SE
Benjamin Moore & Co.
Berger Paints India Ltd
BioShield Paint Company
Cloverdale Paint Inc
Crown Trade
Fine Paints of Europe
Jotun A/S
Kalekim
Kansai Paint Co. Ltd
Nippon Paint Holdings Co. Ltd
PPG Industries Inc
The Sherwin-Williams Company
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Low-VOC
No or Zero VOC
Natural
By Formulation
Water-borne
Solvent-borne
Powder
By Application
Architecture and Decorative
General Industrial
Automotive
Marine
Consumer Durables
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Low VOC Paint Market Size is valued at $10.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.3% to reach $17.9 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Akzo Nobel N.V., American Formulating & Manufacturing, Arkema S.A., Asian Paints, AURO, Axalta Coating Systems, BASF SE, Benjamin Moore & Co., Berger Paints India Ltd, BioShield Paint Company, Cloverdale Paint Inc, Crown Trade, Fine Paints of Europe, Jotun A/S, Kalekim, Kansai Paint Co. Ltd, Nippon Paint Holdings Co. Ltd, PPG Industries Inc, The Sherwin-Williams Company
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume