Paint Thinners Market is likely to reach at USD 2296.8 million by 2029,Industry Trends

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.

View Detailed Report" https://www.databridgemarketresearch.com/reports/global-paint-thinners-market

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.

Key Players Analysis:

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.

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 type, the metal powder market is segmented into epoxy paint thinner, alkyd paint thinner, polyurethane paint thinner and acrylic paint thinner.

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