Paint Thinner Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

In the paint industry, paint thinner is a common solvent. It's mostly used to modify paint viscosity. It's also used to change paint's consistency. Paint thinner prevents paint from hardening when it is left out in the open. Because of its propensity to dissolve, paint thinner is chosen in the case of oil paints. It's also used to clean the surfaces of industrial tools and equipment by removing grease, tar, and stains.

MARKET DYNAMICS

Demand for epoxy paint thinner is predicted to rise as developing countries increase their investments in buildings and construction. Furthermore, growing urbanisation and the need for housing are likely to fuel epoxy paint sales in the coming years, helping to expand the market. Rising industrial activity in developing regions is expected to increase demand for epoxy coatings, resulting in higher sales. The market is fairly fragmented, and there is a lot of competition, which makes it difficult for producers to compete.

MARKET SCOPE

The "Global Paint Thinner Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the paint thinner market with detailed market segmentation by type and end-use industry. The global paint thinner market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading paint thinner market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global paint thinner market is segmented into type and end-use industry. By type, the paint thinner market is classified into Methyl Ethyl Ketone, Acetone, Turpentine, Toluene, Others. By end-use industry, the paint thinner market is classified into building and construction, automotive and transportation, industrial equipment and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global paint thinner market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The paint thinner market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the paint thinner market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the paint thinner market in these regions.

MARKET PLAYERS

The report covers vital developments in the paint thinner market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the paint thinner market are anticipated to witness lucrative growth opportunities in the future with the rising demand for paint thinner in the global market. Below mentioned is the list of few companies engaged in the paint thinner market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the paint thinner market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Akzo Nobel N.V
  
•   3M
  
•   PPG Industries, Inc.
  
•   The Sherwin-Williams Co.
  
•   BASF SE
  
•   Chugoku Marine Paints, Ltd.
  
•   Axalta Coating Systems, LLC
  
•   Nippon Paint Holdings Co., Ltd.
  
•   Jotun
  
•   Kansai Paint Co. Ltd.
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Paint Thinner Report Scope