Paint Thinner Market size was valued at USD 11.0 billion in 2021, growing at a CAGR of 4.1% from 2022 to 2032: Evolve Business Intelligence

Paint thinner is a solvent that is cast off to liquefy (reduce the viscosity) several paints. Different paint thinners such as polyurethane paint thinners, acetone-based paint thinners, and others are cast-off to enhance the spread ability and finish of paints. Paint thinners are employed for degreasing, washing, and in conjunction with paints in several end-use sectors such as building & construction, automotive, seafarer, industrial, aerospace, and others.

The driving factor of the Paint Thinner Market are:
• Rising interest from the paints and coatings industry
The rising interest from the paints and coatings industry is supposed to help the market development. Properties such as temperature, obstacle, solidness, and cost viability make this item exceptionally cast-off to keep away from clusters or globs and give the ideal consistency in several applications. Besides the increasing interest in paints because of the fast growth in the development business and flooding framework advancement in nations, for instance, China, India, and USA will aid the market of paint thinners and coatings to flourish.

• Rapid urbanization is occurring in developing countries.

The global Paint Thinner Market size was valued at USD 11.0 billion in 2021 growing at the CAGR of 4.1% from 2022 to 2032. Evolve Business Intelligence provides an in-dept research study that contains the ability to focus on the major market dynamics in several region across the globe. Moreover, a details assessment of the market is conducted by our analysts on various geographic including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to provide clients with opportunity to dominate the emerging markets. The Paint Thinner Market study includes growth factors, restraining factors, challenges, and Opportunities which allows the businesses to assess the market capability of the industry. The report delivers market size from 2020 to 2032 with forecast period of 2022 to 2032. The report also contains revenue, production, sales consumption, pricing trends, and other factors which are essential for assessing any market.

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Key Highlights:
• The global Paint Thinner Market size was valued at USD 11.0 billion in 2021 growing at the CAGR of 4.1% from 2022 to 2032.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at the highest CAGR from 2022 to 2032
•
Key Players
The Paint Thinner Market report gives comprehensive information about the company and its past performance. The report also provides a detail market share analysis along with product benchmarking with key developments.

The key players profiled in the report are:
• The Sherwin-Williams Co.
• BASF SE
• Chugoku Marine Paints, Ltd.
• Axalta Coating Systems, LLC
• Nippon Paint Holdings Co., Ltd.
• Jotun Corp.
• Kansai Paint Co. Ltd.
• Hempel A/S
• KCC CORPORATION.
• RPM International Inc.
• Eastman Chemical Company

The Global Paint Thinner Market report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Paint Thinner Market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.

COVID Impact
In terms of COVID 19 impact, the Paint Thinner Market report also includes the following data points:
● COVID19 Impact on Paint Thinner Market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the Aviation Lubricants market

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Scope of the Report:

Market Segment By Solvent Type:
o Acetone
o Turpentine
o Naphtha
o Toluene
o Others

Market Segment By Application:
o Paints and Coatings
o Industrial Equipment
o Others

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
● Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
● The Asia- Pacific region dominated the market with a 35 % revenue share in 2021. Increasing development activities and developing interest in the automobile area in nations, like China, India, and Southeast Asia, are supposed to drive the market through the estimated period
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and oppotunities
• Competitive Intelligence providing the understanding about the ecosystem
• Details analysis of Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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