Global Low Voc Or Zero Voc Paints Market Size To Worth USD 19.24 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Low Voc Or Zero Voc Paints Market Size is Expected to Grow from USD 9.91 Billion in 2023 to USD 19.24 Billion by 2033, at a CAGR of 6.86% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Low Voc Or Zero Voc Paints Market Size, Share, and COVID-19 Impact Analysis, By Type (Architectural Paints, Industrial Coatings, Automotive Coatings, and Specialty Coatings), By Application (Residential, Commercial, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The low VOC or zero VOC paints market is a sector producing and supplying paints with reduced or no volatile organic compounds (VOCs), aiming to minimize emissions, improve indoor air quality, and reduce environmental impact. The market includes waterborne, solvent-borne, and natural formulations used in various industries. Demand for these paints is driven by environmental regulations, consumer awareness, and the shift towards sustainable products. The market is expected to grow significantly in the future. People are increasingly choosing eco-friendly alternatives to traditional paints due to concerns about harmful volatile organic compounds (VOCs) in the air. Low or zero VOC paints offer a sustainable solution for indoor air quality. Millennials are particularly interested in environmentally-conscious brands, and this trend threatens conventional paint makers. Forward-thinking manufacturers are offering low or no VOC paint lines, appealing to shoppers who want to balance style with sustainability. However, the global low VOC or zero VOC paints market faces challenges due to higher prices, complex production processes, and lack of economies of scale, hindering mass acceptance in the decorative and industrial paints industry.
The architectural paints segment accounted for 45.8% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the low Voc or zero Voc paints market is classified into architectural paints, industrial coatings, automotive coatings, and specialty coatings. Among these, the architectural paints segment accounted for 45.8% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Architectural paints are gaining popularity due to the growing home improvement industry and housing market trends. They are preferred for both DIY and professional projects, and are used in both new construction and renovations. Population growth and rising incomes have boosted demand, and remote working and learning trends have led to increased sales.
The residential segment held a significant market share for 35.7% in 2023 and is expected to grow at a substantial CAGR during the forecast period.
Based on the application, the low Voc or zero Voc paints market is divided into residential, commercial, industrial, and others. Among these, the residential segment held a significant market share for 35.7% in 2023 and is expected to grow at a significant CAGR during the forecast period. Low and zero VOC paints are eco-friendly, reducing indoor air quality, promoting a healthier living environment, and offering excellent performance. They are ideal for families with children and pets, and their demand continues to grow as sustainability becomes a more important consideration, aligning with eco-friendly building practices and materials.
North America is estimated to hold the largest share of the low Voc or zero Voc paints market over the forecast period.
North America is estimated to hold the largest share of the low Voc or zero Voc paints market over the forecast period. Environmental regulations in North America are driving the adoption of low VOC paints in construction, automotive, and packaging industries. Leading manufacturers, primarily based in the U.S. and Canada, have established distribution channels to meet demand. Increased awareness about indoor air quality and health impacts is also driving market growth in North America.
Asia Pacific is predicted to have the fastest CAGR growth in the low Voc or zero Voc paints market over the forecast period. Urbanization and infrastructure growth in emerging Asia Pacific countries like China, India, Indonesia, and Vietnam is increasing construction activities, leading to increased demand for low VOC paints and coatings. However, price sensitivity remains high, prompting local manufacturers to focus on cost competitiveness and government initiatives to reduce VOC emissions.
Competitive Analysis
Major key players in the low Voc or zero Voc paints market include Benjamin Moore & Co., The Sherwin-Williams Company, AkzoNobel N.V., PPG Industries Inc., The Dow Chemical Company, American Formulating & Manufacturing, YOLO Colorhouse LLC, Dunn-Edwards Corporation, Wacker Chemie AG, EcoProCote, BASF SE, Valspar Corporation, Behr Process Corporation, Rust-Oleum Corporation, Farrow & Ball, Little Greene, Auro Pflanzenchemie AG, BioAmber, Dulux, Asian Paints and Others.
Recent Development
- In October 2024, Jewell Paints has introduced FreshAir, a Zero-VOC paint made from natural ingredients, designed to be safe for children, pets, and the environment. It eliminates harmful volatile organic compounds, improving indoor air quality. The innovative Twist & Pour packaging minimizes spillage and wastage.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the low Voc or zero Voc paints market based on the below-mentioned segments:
Global Low Voc Or Zero Voc Paints Market, By Type
- Architectural Paints
- Industrial Coatings
- Automotive Coatings
- Specialty Coatings
Global Low Voc Or Zero Voc Paints Market, By Application
- Residential
- Commercial
- Industrial
- Others
Global Low Voc Or Zero Voc Paints Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa