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Paint Thinner Market Growth, Latest Trends, Cost Structures and Industry Development 2031
Paint Thinner Market
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The global population surge has accelerated urbanization, particularly in economies like the U.S., China, and India, prompting increased government spending on infrastructure projects. This has positively impacted the building & construction sector, where paint thinners are widely used for degreasing, cleaning, and paint application on surfaces such as pipelines, concrete floors, and warehouses.
Key Drivers:
Growing urbanization and infrastructure projects
Increased disposable income and technological advancements
Rise in original equipment manufacturers (OEMs) in the automotive sector
Paint thinners are essential in the automotive & transportation sector for achieving optimum paint viscosity, enabling easy application and providing high gloss and superior smoothness. They are preferred for auto refinish, interior coating, and detailing applications, contributing to the aesthetics of luxury cars.
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COVID-19 Impact:
Negative impact on the paint thinner market due to dependence on sectors like building & construction, automotive, industrial, and aerospace.
Decline in passenger car and sport utility vehicle sales during the pandemic.
Post-COVID-19, increased awareness of eco-friendly products may drive demand for paint thinners with minimal or no volatile organic compounds (VOCs) emissions.
Recovery expected in building & construction and transportation activities post-pandemic.
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Key Benefits for Stakeholders:
Quantitative analysis of market segments, trends, and dynamics from 2021 to 2031.
Insights into drivers, restraints, and opportunities for informed decision-making.
Porter's five forces analysis to understand buyer and supplier dynamics.
In-depth segmentation analysis to identify prevailing market opportunities.
Mapping of major countries by revenue contribution.
Market player positioning for benchmarking and strategic decision-making.
Key Market Players:
Akzo Nobel N.V
Axalta Coating Systems LLC
Hempel A/S
Jotun
Kansai Paint Co. Ltd
Kwality Paints and Coatings Pvt. Ltd
PPG Industries Inc
RPM International Inc
The Sherwin-Williams Company
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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