Global Paint Thinners Market, By Material (Acetone, Turpentine, Naphtha, Toluene, Methyl Ethyl Ketone, Dimethylformamide, 2-Butoxyethanol) Type (Epoxy Paint Thinner, Alkyd Paint Thinner, Polyurethane Paint Thinner, Acrylic Paint Thinner) Application (Paints & coatings, Industrial Equipment, Pharmaceuticals) Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Paint Thinners Market
Data Bridge Market Research analyses that the paint thinners market will witness a CAGR of 3.4% for the forecast period of 2022-2029 and is likely to reach at USD 2296.8 million by 2029.
Paint thinners may be a common solvent that's utilized in the paints business. It's primarily utilised to vary the viscousness of paint. It's also used to vary the thickness of paints. Paint thinners prevents the hardening of the paint once it is kept in the open. The dissolving characteristic of paint thinners makes it desirable just in case of oil paints. It's conjointly accustomed clean up industrial instrumentality and tools by removing grease, tar build up, and stains from the machine surface.
The rising market penetration and increasing demand from the construction and automotive industries is the major factor accelerating the growth of the paint thinners market. Furthermore, decreasing prices of crude oil and high demand for solvents from the agricultural chemicals also expected to drive the growth of the paint thinners market. However, high production cost and performance problem restrains the paint thinners market, whereas, the consumers opting for bio-green alternatives as they are less reactive and non-VOC in nature pose will challenge paint thinners market growth.
In addition, increasing opportunities from developing economies will create ample opportunities for the paint thinners market.
This paint thinners market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on paint thinners market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Paint Thinners Market Scope and Market Size
The paint thinners market is segmented on the basis of material, application and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the metal powder market is segmented into paints & coatings, industrial equipment and pharmaceuticals.
- On the basis of material, the metal powder market is segmented into acetone, turpentine, naphtha, toluene, methyl ethyl ketone, dimethylformamide, and 2-butoxyethanol.
- On the basis of type, the metal powder market is segmented into epoxy paint thinner, alkyd paint thinner, polyurethane paint thinner and acrylic paint thinner.
Paint Thinners Market Country Level Analysis
The paint thinners market is analyzed and market size, volume information is provided by country, material, application and type referenced above.
The countries covered in the paint thinners market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the paint thinners market and will continue to flourish its dominance during the forecast period owing to the increasing end-use industries such as paints and coating and adhesives and rising industrialization within the region. However, North America will continue to project the highest CAGR for this period owing to the high demand for solvents from various end use industries.
The country section of the paint thinners market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Paint Thinners Market Share Analysis
The paint thinners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to paint thinners market.
Some of the major players operating in the paint thinners market report are Royal Dutch Shell, Eastman Chemical Company, BASF SE, Exxon Mobil Corporation, Lyondellbasell Industries Holdings B.V., Ashland Global, Celanese Corporation, Huntsman International LLC, Solvay S.A., Honeywell, Ineos Group AG, Dow, Cargill, Incorporated, Chr Hansen Holding A/S, Ajinomoto, ADM, Herza Chocolate GmbH & Co. KG, Indena Spa, Martin Bauer Group and Frutarom Ltd among other.
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