Research Nester assesses the growth and market size of global epoxy paint thinner market which is anticipated to be on account of the increasing demand from end-use industries and increasing demand for construction sector.

New York – September 15, 2023 - Research Nester’s recent market research analysis on “Epoxy Paint Thinner Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global epoxy paint thinner market in terms of market segmentation by type, end user, and by region.

Emphasis on Sustainable and Low-VOC Solutions to Promote Global Market Share of Epoxy Paint Thinner
Stringent environmental regulations and growing environmental awareness are driving industries to adopt low-VOC and eco-friendly coatings, spurring the demand for compliant epoxy paint thinners. The global sales for low-VOC coatings are projected to reach nearly USD 15.76 billion by the year 2027.
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Some of the major growth factors and challenges that are associated with the growth of the global epoxy paint thinner market are:
Growth Drivers:
• Increasing Pharmaceutical Sector
• Growing Demand
Challenges:
Keeping up with changing regulations and consumer preferences for low-VOC and environmentally friendly epoxy paint thinners has required ongoing product development. Manufacturers have had to invest in research to create effective, low-VOC formulations that still meet performance requirements.
The commercial segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Commercial establishments are increasingly prioritizing aesthetics to create appealing and inviting spaces. Epoxy coatings, facilitated by suitable paint thinners, are sought after for achieving attractive, high-gloss finishes. The global decorative coatings industry, which includes coatings for commercial and residential applications, was valued at approximately USD 67 billion in the year 2019, as per a report.
By region, the Europe epoxy paint thinner market is to generate a notable revenue by the end of 2036. Europe has some of the strictest environmental regulations globally, particularly concerning volatile organic compounds (VOCs). As a result, there is a high demand for low-VOC and environmentally friendly coatings, including epoxy paint thinners. Compliance with environmental regulations has become a critical driver in Europe's coatings industry, fostering the development and adoption of eco-friendly epoxy paint thinners.

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This report also provides the existing competitive scenario of some of the key players of the global epoxy paint thinner market which includes company profiling of Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, BASF SE, Axalta Coating Systems Ltd., Hempel A/S, and others.
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