Primary Driers Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.9 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
Looking ahead, the period from 2023 to 2033 is expected to witness a shift in demand dynamics. Emerging economies are anticipated to play a pivotal role in market expansion due to rapid industrialization and urbanization. The increasing focus on sustainable and green products has led to the introduction of low-VOC and non-toxic metal driers, which are gaining traction in the market. These advancements not only improve the drying process but also reduce the environmental footprint, thereby driving market growth.
However, the market faces challenges, including stringent environmental regulations and the volatility of raw material prices. Manufacturers are compelled to innovate continuously, developing driers that are both cost-effective and compliant with environmental standards. The shift towards sustainable and green products has led to the introduction of low-VOC and non-toxic metal driers, which are gaining traction in the market. These advancements not only improve the drying process but also reduce the environmental footprint, thereby driving market growth.
In conclusion, while the primary driers market has navigated various challenges between 2018 and 2022, the upcoming decade offers opportunities for growth, especially for those investing in sustainable and innovative solutions. The shift towards sustainable and green products has led to the introduction of low-VOC and non-toxic metal driers, which are gaining traction in the market. These advancements not only improve the drying process but also reduce the environmental footprint, thereby driving market growth.
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The global primary driers market has experienced notable shifts between 2018 and 2022, with projections indicating significant demand changes from 2023 to 2033. Primary driers, essential in accelerating the drying process of paints, inks, and coatings, have seen their market dynamics influenced by various factors.
From 2018 to 2022, the market was primarily driven by the booming construction and automotive industries. The surge in infrastructure projects and vehicle production heightened the need for efficient drying agents to enhance product quality and durability. Additionally, technological advancements led to the development of eco-friendly driers, aligning with global environmental regulations and catering to a growing demand for sustainable solutions.
Allnex
Borchers
DIC Corporation
Delta Specialties
Eastman
K-tech
Arxada
Venator Materials
Goldstab
Patcham
Comar Chemicals
Mobel Advanced Petro Chemical Industry
Akpa Kimya
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 Primary Driers Market
Paint
Ink
Other
Based on Types the Market is categorized into Below types that held the largest Primary Driers market share In 2023.
Cobalt
Manganese
Calcium
Lead
Zinc
Other
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 Primary Driers 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 Primary Driers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Primary Driers Market, By Type
6. Global Primary Driers Market, By Application
7. Global Primary Driers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Primary Driers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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