Thinner and Hardener Market was valued at USD 12.50 Billion in 2022 and is projected to reach USD 16.50 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The global thinner and hardener market was valued at approximately USD 12.5 billion in 2022, with a compound annual growth rate (CAGR) of 5.2% projected through 2028. The market's robust growth is driven by the increasing demand from various end-use industries, including automotive, construction, and industrial manufacturing. The expansion of the construction and automotive sectors, particularly in emerging economies, is fueling this growth. The market is anticipated to reach USD 17.8 billion by 2028. Key factors contributing to this growth include technological advancements in formulation, rising infrastructure development, and increasing awareness regarding the benefits of high-performance coatings and adhesives.
Emerging market opportunities are notably significant in regions such as Asia-Pacific and Latin America. Rapid industrialization and urbanization in these regions are creating a heightened demand for thinner and hardener products. Additionally, advancements in eco-friendly and sustainable formulations are expected to open new avenues for market expansion. The shift towards environmentally friendly products aligns with global regulatory trends, further boosting market opportunities. Companies are also focusing on innovations in product development to cater to specific industry needs, driving competitive dynamics within the market. The evolving landscape presents substantial opportunities for growth and expansion in these emerging markets.
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3M
PPG Industries
BASF
DOW
Mitsubishi Chemical
SherwinWilliams
Chugoku Marine Paints
Axalta Coating Systems
Nippon Paint Holdings
Jotun
Kansai Paint
Hempel
RPM International
Aditya Birla Chemicals
Air Products & Chemicals
Cardolite Corporation
Hexion
Evonik Industries
Gabriel Performance Products
Henkel AG & Co. KGaA
Huntsman International
Kukdo Chemical
Nan Pao
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thinner and Hardener Market
Automotive
Marine
Semiconductor
Others
Based on Types the Market is categorized into Below types that held the largest Thinner and Hardener market share In 2023.
Thinner
Hardener
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thinner and Hardener Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thinner and Hardener Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thinner and Hardener Market, By Type
6. Global Thinner and Hardener Market, By Application
7. Global Thinner and Hardener Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Thinner and Hardener Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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