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Paint Driers Market worth $4.70 billion by 2030, growing at a CAGR of 8.45% - Exclusive Report by 360iResearch
Paint Driers Market | 360iResearch
The Global Paint Driers Market to grow from USD 2.66 billion in 2023 to USD 4.70 billion by 2030, at a CAGR of 8.45%.
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Paint driers, also known as drying agents or catalysts, are additives that accelerate the drying process of paint, varnishes, and other coatings. They help reduce the time required for paint to dry and enhance its durability. Paint driers typically contain metal compounds or organic compounds that act as catalysts to speed up the oxidation or polymerization reactions in the paint. These compounds promote the cross-linking of the paint's binder or resin, allowing it to solidify and form a protective film. The growth in the construction & infrastructure sector, increasing industrialization & urbanization, and expansion of the automotive and transportation industry have significantly boosted the demand for paint driers. However, paint driers' high cost and health and safety concerns hamper the market growth. Furthermore, developing high-performance coatings and paints has increased the need for efficient drying agents to accelerate the curing process and enhance the finished product's quality. Manufacturers are investing in R&D activities to develop innovative paint driers that address cost, health, and environmental concerns and explore alternative formulations and technologies to create more cost-effective and eco-friendly options.
The paint drier market in the Americas is significantly growing, driven by the construction industry, industrial applications, the automotive sector, and consumer demand for high-quality finishes. Moreover, the rise of home renovation projects and DIY enthusiasts has increased the sales figures of both online and traditional stores, with more customers investing in paint driers as part of their home improvement tool kits. The paint drier market in the APAC region is rapidly evolving owing to the booming construction industry, rapid industrialization, and increasing automotive production. China, India, Japan, South Korea, and Southeast Asian nations are witnessing substantial growth due to urbanization, infrastructure development, and rising disposable incomes fueling the demand for paint drier. Moreover, increasing environmental concerns and government regulations to reduce VOC emissions influence the paint drier market in APAC. As a result, manufacturers are developing low-VOC or VOC-free paint driers to meet regulatory requirements and address sustainability concerns. The paint drier market in the EMEA region is mature with the presence of automotive, aerospace, manufacturing, and marine industries. The region's companies focus on product differentiation, innovation, and strategic partnerships to attain a competitive edge and cater to diverse customer needs. Furthermore, the ongoing infrastructure development, residential and commercial construction projects, and renovation activities contribute to the demand for paints and coatings, thus driving the need for paint driers in the EMEA region.
Market Segmentation & Coverage:
This research report categorizes the Paint Driers Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Liquid Drier and Oil Paint Drier. The Liquid Drier is projected to witness significant market share during forecast period.
Based on Type, market is studied across Auxiliary Paint Drier, Primary Paint Drier, and Secondary Paint Drier. The Auxiliary Paint Drier is further studied across Calcium Soap Solution, Cerium Soap Solution, Lead Soap Solution, Potassium Soap Solution, and Zinc Soap Solution. The Primary Paint Drier is further studied across Calcium, Cobalt, Lead, Zinc, and Zirconium. The Secondary Paint Drier is further studied across Barium Carboxylate, Calcium Carboxylate, and Zirconium Neodecanoate. The Auxiliary Paint Drier is projected to witness significant market share during forecast period.
Based on Application, market is studied across Exterior Wall & Ceiling, Finishing Coat, Interior Wall & Ceiling, Metal Surface, and Wooden Surface. The Metal Surface is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Commercial, Industrial, and Residential. The Commercial is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Paint Driers Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Paint Driers Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Paint Driers Market, highlighting leading vendors and their innovative profiles. These include AGGARWAL CHEMICALS, AKPA KİMYA, Allnex GMBH, Arihant Metallica, Arkema Group, Aryavart Chemicals Pvt. Ltd., Catalent, Inc., Chaman Chemical Industries, Comar Chemicals AG, Cromax Germany, DIC Corporation, Dura Chemicals, Inc., Eastman Chemical Company, EGE KIMYA, Goldstab Organics Pvt. Ltd., LANGRIDGE, Maldeep Catalysts Pvt. Ltd., Matrixuniversal, Milliken & Company, Optichem, Organometal, Patcham, PPG Industries, Inc., Prakash Chemicals International Pvt. Ltd.,, RPM International Inc., Rustins Limited, Sherwin-Williams Company, SpecialChem S.A., Sunnyside Corporation, The Dow Chemical Company, and Venator Materials PLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Paint Driers Market, by Product
7. Paint Driers Market, by Type
8. Paint Driers Market, by Application
9. Paint Driers Market, by End-Use
10. Americas Paint Driers Market
11. Asia-Pacific Paint Driers Market
12. Europe, Middle East & Africa Paint Driers Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Paint Driers Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Paint Driers Market?
3. What is the competitive strategic window for opportunities in the Paint Driers Market?
4. What are the technology trends and regulatory frameworks in the Paint Driers Market?
5. What is the market share of the leading vendors in the Paint Driers Market?
6. What modes and strategic moves are considered suitable for entering the Paint Driers Market?
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