Oil-Based Paints Market is Booming Worldwide | Major Giants- BASF, Dulux, Hempel, Nippon Paint

HTF MI just released the Global Oil-Based Paints Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2024-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.

Major companies profiled in Oil-Based Paints Market are:
PPG Industries, Sherwin-Williams, AkzoNobel, RPM International, BASF, Nippon Paint, Asian Paints, Valspar, Hempel, Axalta, Jotun, Kansai Paints, Benjamin Moore, Dulux, Behr

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HTF Market Intelligence projects that the global Oil-Based Paints market will expand at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2033, from USD35 Billion in 2024 to USD42 Billion by 2033.

Our Report Covers the Following Important Topics:

By Type:
Alkyd, Linseed Oil, Tung Oil, Soya Oil, Epoxy-Polyester

By Application:
Residential, Industrial, Automotive, Construction, Marine

Definition:
Oil-based paints are a category of paints that use oil (usually derived from natural oils such as linseed, safflower, or soybean) as the primary solvent. These paints are known for their durable finish, vibrant color retention, and long-lasting protection. They're widely used in industries like construction, automotive, and marine due to their ability to withstand extreme weather conditions. However, their environmental impact is a growing concern, leading to the emergence of more sustainable alternatives like water-based paints. While these paints offer excellent gloss and finish, they require longer drying times and emit volatile organic compounds (VOCs) that are harmful to human health.

Dominating Region:
North America

Fastest-Growing Region:
Asia Pacific

Market Trends:
• Shift toward hybrid oil-water formulations, Increasing use of VOC-compliant paints, Technological innovation in drying agents, Consumer preference for gloss finishes, Rise of DIY home improvement projects

Market Drivers:
• Rising demand in construction and home décor, Superior durability and finish compared to water-based variants, Growth in industrial applications, Increasing renovation activities, Expanding automotive refinishing sector

Market Challenges:
• VOC emission regulations, Growing preference for water-based paints, Raw material price fluctuations, Disposal and environmental compliance issues, Competitive pressure from sustainable alternatives

Market Opportunities:
• Expanding infrastructure in emerging nations, Product innovation with eco-friendly solvents, Untapped rural construction markets, Customized paint solutions for art and design, Online distribution expansion

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Oil-Based Paints market segments by Types: Alkyd, Linseed Oil, Tung Oil, Soya Oil, Epoxy-Polyester
Detailed analysis of Career &Education Counselling market segments by Applications: Residential, Industrial, Automotive, Construction, Marine

Global Oil-Based Paints Market -Regional Analysis

• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc.) & Rest
• Oceania: Australia & New Zealand

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Oil-Based Paints Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global Oil-Based Paints Market:

Chapter 01 - Oil-Based Paints Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Oil-Based Paints Market - Pricing Analysis
Chapter 05 - Global Oil-Based Paints Market Background or History
Chapter 06 - Global Oil-Based Paints Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Oil-Based Paints Market
Chapter 08 - Global Oil-Based Paints Market Structure & worth Analysis
Chapter 09 - Global Oil-Based Paints Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Oil-Based Paints Market Research Method Oil-Based Paints

Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.

Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com

About Author:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. With over 15,000+ reports from 27 industries covering 60+ geographies, value research report, opportunities, and cope with the most critical business challenges, and transform businesses. Analysts at HTF MI focus on comprehending the unique needs of each client to deliver insights that are most suited to their particular requirements.

This release was published on openPR.