Market Overview:
The global thinners and paint strippers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thinners and paint strippers in various applications, such as vehicle maintenance, industrial repair, building renovation, furniture refinishing, and others. In addition, the growing demand for these products from emerging economies is also contributing to the growth of this market. On the basis of type, mineral spirits accounted for the largest share of the global thinners and paint strippers market in 2017. This can be attributed to its low cost as well as its ability to dissolve a wide range of paints and coatings. Acetone was second-largest type segment in terms of revenue contribution in 2017; it is used extensively as a solvent for acrylics paints and coatings. On account of their volatility characteristics Turpentine held significant revenue share among all types studied during 2017 & 2030 respectively . Naphtha followed turpentine with considerable value shares through out study period due high reactivity with most organic compounds .
Product Definition:
Thinners and paint strippers are used to dilute or remove the coats of paint from a surface. They are important because they help make painting and stripping easier and faster.
Mineral Spirits:
Mineral spirits or miscible oil is a distillate obtained as a by-product in the production of gasoline. It consists of hydrocarbons and other compounds such as ketones, alcohols, and esters. Mineral spirits are used for various thinning applications including woodworking fluids, paint strippers/ restorers and lubricants among others. They are also used in some niche applications like cleaning agent (for hard surfaces) or fuel additive (in diesel).
Acetone:
Acetone (Tetrahydrofuran) is an organic compound and a widely used industrial solvent. It is also the most commonly found chemical in nail polish removers. Acetone has four hydroxyl groups, which can be used to form polymers, acetals, ketones, and alcohols.
Application Insights:
The industrial repair segment dominated the global thinners and paint strippers market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for industrial machinery & equipment maintenance, which involves frequent oil and grease changes. In addition, rising awareness among consumers regarding product usage in various industries including food & beverage, manufacturing, transportation will propel industry expansion over the coming years.
The vehicle maintenance segment accounted for a considerable share of 21% in 2017 owing to high demand from automotive OEMs for use as an under-vehicle coating agent due to its properties such as anti-corrosion protection against acid rain; enhanced fuel efficiency by reducing gas emissions; increased engine durability through reduced carbon deposits on internal components; improved aesthetics with lower surface temperatures resulting into less wear & tear on mechanical parts etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. In addition, rising disposable income levels are anticipated to drive product demand over the forecast period.
North America was estimated as the second-largest market for thinners and paint strippers in 2017 on account of high consumption volumes generated by automotive maintenance activities, building renovation projects, and furniture refinishing jobs across U.S., Canada, and Mexico countries. However, stringent environmental regulations by regulatory bodies such as U.S EPA have led manufacturers focus towards developing eco-friendly products which may hinder growth during future phases of economic recession or slow growth periods for major economies such as U.S.
Growth Factors:
- Increasing demand from the construction industry for thinners and paint strippers as a solvent to clean and prepare surfaces for painting or coating.
- Rising demand from the automotive industry for thinners and paint strippers as a solvent to clean and prepare surfaces for painting or coating.
- Growing use of thinners and paint strippers in the furniture manufacturing industry to strip old finishes off furniture before refinishing them with new coats of paint or varnish.
- Increasing popularity of DIY projects among homeowners, who are using more thinners and paint strippers to strip old paints off walls, doors, windows, etc., before repainting them themselves.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thinners and Paint Strippers Market Research Report
By Type
Mineral Spirits, Acetone, Turpentine, Naphtha, Toluene, Methyl Ethyl Ketone (MEK), Dimethylformamide (DMF), 2-Butoxyethanol, Others
By Application
Vehicle Maintenance, Industrial Repair, Building Renovation, Furniture Refinishing, Others
By Companies
M, Green Products, Henkelna, Franmar Chemical, PPG (PPG Aerospace), United Gilsonite Labs, Formbys, GSP, Fiberlock Technologies, EZ Strip, M
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Thinners and Paint Strippers Market Report Segments:
The global Thinners and Paint Strippers market is segmented on the basis of:
Types
Mineral Spirits, Acetone, Turpentine, Naphtha, Toluene, Methyl Ethyl Ketone (MEK), Dimethylformamide (DMF), 2-Butoxyethanol, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vehicle Maintenance, Industrial Repair, Building Renovation, Furniture Refinishing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M
- Green Products
- Henkelna
- Franmar Chemical
- PPG (PPG Aerospace)
- United Gilsonite Labs
- Formbys
- GSP
- Fiberlock Technologies
- EZ Strip
- M
Highlights of The Thinners and Paint Strippers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mineral Spirits
- Acetone
- Turpentine
- Naphtha
- Toluene
- Methyl Ethyl Ketone (MEK)
- Dimethylformamide (DMF)
- 2-Butoxyethanol
- Others
- By Application:
- Vehicle Maintenance
- Industrial Repair
- Building Renovation
- Furniture Refinishing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thinners and Paint Strippers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thinners and paint strippers are chemicals that are used to strip the paint from a surface. They can be used on wood, metal, plastic, and other surfaces.
Some of the key players operating in the thinners and paint strippers market are M, Green Products, Henkelna, Franmar Chemical, PPG (PPG Aerospace), United Gilsonite Labs, Formbys, GSP, Fiberlock Technologies, EZ Strip, M.
The thinners and paint strippers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thinners and Paint Strippers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thinners and Paint Strippers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thinners and Paint Strippers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thinners and Paint Strippers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thinners and Paint Strippers Market Size & Forecast, 2020-2028
4.5.1 Thinners and Paint Strippers Market Size and Y-o-Y Growth
4.5.2 Thinners and Paint Strippers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mineral Spirits
5.2.2 Acetone
5.2.3 Turpentine
5.2.4 Naphtha
5.2.5 Toluene
5.2.6 Methyl Ethyl Ketone (MEK)
5.2.7 Dimethylformamide (DMF)
5.2.8 2-Butoxyethanol
5.2.9 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vehicle Maintenance
6.2.2 Industrial Repair
6.2.3 Building Renovation
6.2.4 Furniture Refinishing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thinners and Paint Strippers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thinners and Paint Strippers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mineral Spirits
9.6.2 Acetone
9.6.3 Turpentine
9.6.4 Naphtha
9.6.5 Toluene
9.6.6 Methyl Ethyl Ketone (MEK)
9.6.7 Dimethylformamide (DMF)
9.6.8 2-Butoxyethanol
9.6.9 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vehicle Maintenance
9.10.2 Industrial Repair
9.10.3 Building Renovation
9.10.4 Furniture Refinishing
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mineral Spirits
10.6.2 Acetone
10.6.3 Turpentine
10.6.4 Naphtha
10.6.5 Toluene
10.6.6 Methyl Ethyl Ketone (MEK)
10.6.7 Dimethylformamide (DMF)
10.6.8 2-Butoxyethanol
10.6.9 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vehicle Maintenance
10.10.2 Industrial Repair
10.10.3 Building Renovation
10.10.4 Furniture Refinishing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mineral Spirits
11.6.2 Acetone
11.6.3 Turpentine
11.6.4 Naphtha
11.6.5 Toluene
11.6.6 Methyl Ethyl Ketone (MEK)
11.6.7 Dimethylformamide (DMF)
11.6.8 2-Butoxyethanol
11.6.9 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vehicle Maintenance
11.10.2 Industrial Repair
11.10.3 Building Renovation
11.10.4 Furniture Refinishing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mineral Spirits
12.6.2 Acetone
12.6.3 Turpentine
12.6.4 Naphtha
12.6.5 Toluene
12.6.6 Methyl Ethyl Ketone (MEK)
12.6.7 Dimethylformamide (DMF)
12.6.8 2-Butoxyethanol
12.6.9 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vehicle Maintenance
12.10.2 Industrial Repair
12.10.3 Building Renovation
12.10.4 Furniture Refinishing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mineral Spirits
13.6.2 Acetone
13.6.3 Turpentine
13.6.4 Naphtha
13.6.5 Toluene
13.6.6 Methyl Ethyl Ketone (MEK)
13.6.7 Dimethylformamide (DMF)
13.6.8 2-Butoxyethanol
13.6.9 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vehicle Maintenance
13.10.2 Industrial Repair
13.10.3 Building Renovation
13.10.4 Furniture Refinishing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thinners and Paint Strippers Market: Competitive Dashboard
14.2 Global Thinners and Paint Strippers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Green Products
14.3.3 Henkelna
14.3.4 Franmar Chemical
14.3.5 PPG (PPG Aerospace)
14.3.6 United Gilsonite Labs
14.3.7 Formbys
14.3.8 GSP
14.3.9 Fiberlock Technologies
14.3.10 EZ Strip
14.3.11 M
